Westoz Investment Company Limited is an Australian public company listed on the Australian Stock Exchange. Its ticker code is WIC.
The Company was established to give investors access to a fund focussed on the attainment of positive absolute returns with a focus on high growth investments. The management of the fund will be undertaken by Westoz Funds Management Pty Ltd, a 100% owned subsidiary of Euroz Limited.
The management fee payable is set at 1% of funds managed per annum, plus a performance fee equal to 20% of returns in excess of a 10% return calculated over a financial year.
It is intended that a majority of the funds held by the Company will be allocated to the Manager to invest in accordance with the Management Agreement. A small portion of funds will be retained by the Company to cover its expenses, including payment of any management fees, taxes and general operating expenses.
Investors hold ordinary shares in the company.