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What is a Managed Fund?
Managed funds are registered investment management schemes that allow you to pool
your money with other investors into a single fund that is able to invest in assets
that might otherwise be out of your reach as a stand-alone investor. Managed funds,
also called unit trusts, are funds managed for you by others – namely, experienced
professionals such as fund managers. Managed funds can invest in a variety of assets
including shares, property, fixed interest or a combination of these. A managed
fund will be offered by a product disclosure document, which allows you to see where
it is you are investing and the investment objectives of the fund.
Why Invest in a Managed Fund?
The main reason for investing in managed funds is the diversification that they
offer. As part of a group of investors, you can get exposure to certain investments
that you may never have been able to afford as a single investor. While the amount
you invest may be small, the investment will be diversified so if one stock performs
badly you won’t lose your entire stake.
You also receive the benefit of a professional fund manager. Fund managers are experienced
in investing and also have access to better research then the average investor.
Our Funds Management Team
Mark Leong
Mr Leong has over 17 years experience in Australian and international investment
markets.
Mr Leong is the principal of Gambit & Misere, an independent money manager. Gambit
& Misere specialises in listed securities. Prior to establishing Gambit & Misere,
Mr Leong was responsible for the management of a number of large family owned investment
portfolios (in excess of $500M). This responsibility encompassed:
- listed equity and debt securities
- direct property investment
- private capital investment
- currency risk management
Mr Leong holds a Bachelor of Commerce degree from the University of Queensland.
Paul Rowles (Master Stockbroker MSDIA)
Mr Rowles entered the financial services industry in 1994 and has been providing
advice and trading on all aspects of Australian and international shares, options
and strategies directly to private clients, stock brokers, institutions and funds
managers. Mr Rowles has held senior trading and advisory positions with CommSec,
Macquarie Bank, Merrill Lynch and Bankers Trust. Mr Rowles specialises in Australian
shares, equity derivatives and hedged portfolios. He manages a range of funds and
client portfolios.
Clay Dempsey
Clay Dempsey is currently the Head of Sales Trading with Avestra Capital Markets.
Mr Dempsey’s career extends from 1981 starting as a position keeper Foreign Exchange
with the Commercial Banking Company of Sydney Limited. During that time he has experienced
significant changes in the markets from Fixed exchange rates, deregulation, liberalization
of cross boarder trading and the opening up of the markets through the advent of
high speed internet capabilities that has turned the market into the USD 3 Trillion
daily market turnover that it is today. From those early days with CBC he has held
Senior Positions in Trading, Sales and Management with Global Financial Institutions
including, National Australia Bank, Chase Manhattan Bank, Natwest Markets, BNP Paribas
and Sonray Capital Markets.
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