With the US election less than one month away, investors are wondering what to expect? This election is enormously important for the US and the world. And yet, paradoxically, we think it will matter little for stock prices. We explain why in this recent article from ‘The Australian’.
In other recent news, we shared last week that premier Australian investment firm, MFF Capital Investments (MFF) announced its intention to acquire Montaka Global Investments (Montaka). This acquisition is an exciting next step in Montaka’s development into a leading global equities investment firm and builds on its existing relationship with MFF. Under the arrangement, Montaka’s funds will operate independently of MFF and investors will continue to benefit from Montaka’s philosophy, funds and team which will all remain unchanged.
As part of MFF, Montaka will gain greater access to resources and experience; ensure permanence needed to continue making concentrated investments and holding them over the long term; and enhance its relentless research focus. Importantly, principals Andrew Macken and Chris Demasi will maintain their roles as Chief Investment Officer and Portfolio Manager, respectively, as well as their substantial investments in the funds. Montaka unitholders are not required to take any action in response to the acquisition.
At its AGM last week, MFF highlighted Montaka’s work on Spotify as an example of valuable research. In Why Spotify keeps smashing expectations: 4 reasons behind their success, Lachlan details how in recent years Spotify has drastically outperformed investor expectations. It’s a fascinating case study and Lachlan points that investors can expect continued strength from the world’s largest audio streaming platform.
We also share Montaka’s Quarterly Video Update for the September Quarter. We believe the businesses in Montaka’s portfolio are substantially more valuable than their stock prices imply. And despite ongoing noise and investor concerns, we see the global economic backdrop as quite favorable for equity investments.
We added one new ‘compounder’ investment to Montaka’s portfolio during the quarter: Floor & Decor (FND), a US-based big box specialty retailer of hard-surface flooring. In this month’s Spotlight Series podcast, Andy and Chris explain why we believe FND is primed for long-term earnings growth and, yet remains underappreciated by the market today.
Letter from the PMs – October 2024
– Andrew Macken & Chris Demasi
With the US election less than one month away, investors are wondering what to expect? This election is enormously important for the US and the world. And yet, paradoxically, we think it will matter little for stock prices. We explain why in this recent article from ‘The Australian’.
In other recent news, we shared last week that premier Australian investment firm, MFF Capital Investments (MFF) announced its intention to acquire Montaka Global Investments (Montaka). This acquisition is an exciting next step in Montaka’s development into a leading global equities investment firm and builds on its existing relationship with MFF. Under the arrangement, Montaka’s funds will operate independently of MFF and investors will continue to benefit from Montaka’s philosophy, funds and team which will all remain unchanged.
As part of MFF, Montaka will gain greater access to resources and experience; ensure permanence needed to continue making concentrated investments and holding them over the long term; and enhance its relentless research focus. Importantly, principals Andrew Macken and Chris Demasi will maintain their roles as Chief Investment Officer and Portfolio Manager, respectively, as well as their substantial investments in the funds. Montaka unitholders are not required to take any action in response to the acquisition.
At its AGM last week, MFF highlighted Montaka’s work on Spotify as an example of valuable research. In Why Spotify keeps smashing expectations: 4 reasons behind their success, Lachlan details how in recent years Spotify has drastically outperformed investor expectations. It’s a fascinating case study and Lachlan points that investors can expect continued strength from the world’s largest audio streaming platform.
We also share Montaka’s Quarterly Video Update for the September Quarter. We believe the businesses in Montaka’s portfolio are substantially more valuable than their stock prices imply. And despite ongoing noise and investor concerns, we see the global economic backdrop as quite favorable for equity investments.
We added one new ‘compounder’ investment to Montaka’s portfolio during the quarter: Floor & Decor (FND), a US-based big box specialty retailer of hard-surface flooring. In this month’s Spotlight Series podcast, Andy and Chris explain why we believe FND is primed for long-term earnings growth and, yet remains underappreciated by the market today.
Sincerely,
Andrew Macken & Chris Demasi
Podcast: Join the Montaka Global Investments team on Spotify as we share real-time examples and investing tips that govern our stockpicks. Click below to listen. Alternatively, click on this link: https://podcasters.spotify.com/pod/show/montaka
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Note: Montaka is invested in Spotify and Floor & Decor.
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