Westoz Funds Management Pty Ltd (WFM) is a Perth based fund manager established in 2005. WFM is a wholly owned subsidiary of Euroz Hartleys Group Limited, a listed diversified financial services company.
Since 2005, WFM has managed investment portfolios, focused on opportunities in small to mid cap ASX listed securities, generally connected to Western Australia.
It was the appointed manager of two listed investment companies, Westoz Investment Company Limited and Ozgrowth Limited. These vehicles were acquired by WAM capital in early 2022.
WFM currently manages the investment portfolio of an unlisted investment company, Westoz Resources Fund Limited. As the name suggests, this product is managed along similar lines to the earlier listed vehicles, but with a tighter investment focus on resource exposures.
Westoz Funds Management has published performance of two listed investment companies since it commenced its operations in 2005:
Westoz Investment Company
Westoz Funds Management was appointed manager of this listed investment company investment portfolio in June 2005 until it was acquired by Wilson Asset Management in April 2022. Prior to the acquisition, the portfolio was valued at approximately $190 million at December 2021.
The investment objective was to generate a positive return over the medium to long-term, regardless of the movements of the broader share market, from an actively managed portfolio of small cap to mid cap ASX listed investments.
The investment portfolio returned on average 13.5% per annum since inception, outperforming the S&P/ASX All Ordinaries Accumulation Index by 5.3% per annum.
Westoz Funds Management was appointed manager of this listed investment company’s portfolio in December 2007 until it was acquired by Wilson Asset Management in April 2022. Prior to the acquisition, the portfolio was valued at approximately $131 million at December 2021.
The investment objective was to generate a positive return over the medium to long-term, regardless of the movements of the broader share market, from an actively managed portfolio of small cap ASX listed and unlisted investments.
The investment portfolio returned on average 12.6% per annum since inception, outperforming the S&P/ASX All Ordinaries Accumulation Index by 6.9% per annum.
|Jay Hughes Mr Hughes started his career on the Perth Stock Exchange trading floor in 1986. In 2000 he was one of the founders of Euroz Limited and for 23 years until August 2023 was an Executive Director of Euroz Hartleys Group Limited (ASX:EZL) . He is the Non-Executive Chairman of Emerald Resources NL, Westoz Funds Management Pty Ltd and Westoz Resources Fund Limited . He was the Non-Executive Chairman of Westoz Investment Company Limited and Ozgrowth Limited until the successful completion of their takeover schemes in April 2022. He was recognised as an Affiliate of the ASX in December 2000 and was admitted in May 2004 as a Master Practitioner Member (MSAFAA) of the SAFAA. Mr Hughes holds a Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australasia (FINSIA)
|Phil Rees Mr Rees has worked in a range of roles focussed on Australian investment markets for over 35 years. He was the Director of Investments with the Government Employees Superannuation Board in Western Australia for 6 years from 1994 to 2000. During this period, he oversaw a major restructuring of the entity’s investment portfolio and directly managed funds in Australian equity and fixed interest markets. Mr Rees has been a Director of Westoz Funds Management and has been a member of its Investment Committee since May 2005. Mr Rees has a Bachelor of Commerce and is a Chartered Financial Analyst. He is also a Fellow of the Securities Institute of Australia, a Certified Practicing Accountant and a Fellow of the Chartered Institute of Secretaries.
|Russell Kane Mr Kane commenced his Stockbroking career with Hartley Poynton in 1994 and joined join the newly formed Euroz Limited in 2001 where he was appointed as an Executive Director of in 2006. Mr Kane’s roles over his stockbroking career have been as a Private Client and an Institutional Adviser where he was an integral part of numerous corporate and institutional transactions. He recently has focussed on advising Sophisticated and Wholesale Investors on Western Australian based Industrial and Resource companies, whilst still advising a number of institutions and corporate clients.