Montgomery’s FUM hits $1.5bn, makes new hires

5 July 2018

Montgomery Investment Management announced it has passed $1.5 billion in funds under management and has made a number of new hires, which will bring its global team of professionals to nine with five based in Sydney and four in New York.

The firm hired Amit Nath and Lachlan Mackay as its new research analysts, while Craig Morton and Matthew Briggs were appointed as head of global business development and head of institutional sales, respectively.

In recognition of the official opening of its New York office, Montgomery Global’s chief investment officer, Andrew Macken, said: “Coinciding with our three-year anniversary and $500 million under management, the opening of our New York office will provide benefits from being closer to many investee companies as well as potential North American investors.”

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In addition, Joseph Kim joined the Montgomery domestic team as a senior research analyst, after serving a combined 12 years as an analyst and senior investment analyst at Colonial First State Global Asset Management, Ellerston Capital and JP Morgan.

In the three years to June 2018, the Montgomery Global Fund has returned 45.5 per cent after fees, outperforming its benchmark by 3.7 per cent per annum, after all expenses, the firm said.

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