Future looks bright for Challenger
In this video Tim Kelley, discusses the strongly growing pool of superannuation assets in Australia. Watch here.
Tim joined Montgomery in July 2012 and is a senior member of the investment team. Prior to this, Tim was an Executive Director in the corporate advisory division of Gresham Partners, where he worked for 17 years. Tim focuses on quant investing and market-neutral strategies.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
Richard Prince
:
Hi just wondering your thoughts on the extremely high debt levels of challenger according to skaffold, thanks
Tim Kelley
:
Hi Richard,
Given the nature of its business, GCF has a very different balance sheet structure to most businesses, and I expect is not the sort of thing Skaffold was designed to accommodate. We spent a lot of time studying CGF’s assets and liabilities and became comfortable that the risk level is modest.