Looking back on FY16
In this week’s video insight Tim Kelley reflects on the 2016 financial year. How will the funds be positioned in the coming year?
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.
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John Holliday
:
I am disappointed in the investment in BT and Henderson. I invest in The Montgomery Fund for exposure to Australian Shares. I now find that I am invested in Managed Funds with European operations. If I wanted that exposure I would have continued to be invested in Montgomery Global.
I rankles that I was sold on Montgomery as a fund manager with conviction but who is now piggybacking on other fund managers.
Tim Kelley
:
Hi John. We own shares in the investment management companies themselves. We don’t invest in any of the funds they manage, or in any other manged funds for that matter.