Generated over $232m in dividends and franking credits
West Australian based and investment focused
Investment Manager aligned with investors
Consistent investment team
Westoz Funds Management Pty Ltd (WFM) is a Perth based fund manager established in 2005.
WFM manages two listed investment companies, Westoz Investment Company Limited and Ozgrowth Limited, which focus on investing in small to mid cap ASX listed securities, generally connected to Western Australia.
The investment objective for both portfolios is to generate a positive return over the medium to long term, regardless of the movements of the broader share market, and provide shareholders with a consistent stream of dividends.
Westoz Funds Management Pty Ltd is a wholly owned subsidiary of Euroz Limited, a listed diversified financial services company.
Mr Dermot Woods
Is an Executive Director of the Manager and is responsible for sourcing, analysing and implementing investment ideas. He is a member of the Manager’s Investment Committee.
Mr Woods has over fifteen years of investment experience in international equity markets as an equity analyst and a portfolio manager. Prior to joining Westoz Funds Management, Mr Woods was an industrial equity analyst with Euroz Securities. Prior to joining Euroz, Mr Woods was an institutional stockbroker for Merrion Capital in Dublin. Mr Woods commenced his investment career with HSBC Asset Management in London where he specialised in European equities.
Mr Woods holds a Bachelor of Commerce Degree in Accounting and Business from Edinburgh University and has completed the Chartered Financial Analyst (CFA) program and been awarded the CFA designation.
Mr Philip Rees
Mr Rees is a Non Executive Director of the Manager and sits on its Investment Committee.
Mr Rees has worked in a range of roles focussed on Australian investment markets since 1987. He was the Director of Investments with the Government Employees Superannuation Board in Western Australia for a 6 year period to September 2000. During this period, he oversaw a major restructuring of that entity’s investment portfolio and directly managed funds in Australian equity and fixed interest markets.
Prior to this period, Mr Rees was involved in the management of an Australian equity portfolio with Suncorp and in the analysis of equities for a stockbroker focussed on servicing the Australian institutional market.
Mr Rees has also been involved as Chief Investment Officer of a listed pooled development fund and has managed a number of successful venture capital investments.
Mr Rees has a Bachelor of Commerce Degree and is a Chartered Financial Analyst. He is also a Senior Fellow of FINSIA, a Certified Practicing Accountant and a Fellow of the Chartered Institute of Secretaries.
Mr Jay Hughes
Mr Hughes commenced as a Non Executive Director of the Manager in May 2005.
Between 1986 and 2000, Mr Jay Hughes was employed by a Perth stockbroker that was part of a national and international group at the time. From 1994 he acted in the capacity of an Executive Director and before this as an Associate Director.
From 2000 until the present date, Mr Hughes has worked for Euroz Securities Limited and Euroz Limited and also acts in the capacity of Executive Director and Responsible Officer of both companies. During this time, Mr Hughes has been involved in the institutional sales department of the stockbroking business dealing predominantly with offshore funds. He is also heavily involved in many facets of the management and supervision of both companies.
Mr Hughes is also Non – Executive Chairman of Westoz Investment Company Limited and Ozgrowth Limited.
Mr Hughes holds a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia. He was recognised as an affiliate of ASX in December 2000 and was admitted in May 2004 as a Practitioner Member (Master Stockbroking) of the Stock Brokers and Financial Advisors Association.
Mr Hughes is also a member of the Manager’s Investment Committee.
Mr Jaime Underdown
Mr Underdown commenced with the Manager in July 2018 as Chief Operating Officer and is responsible for company operations and reporting.
Before joining Westoz, Jaime was Head of Investor Relations at Platinum Mortgage Securities where he was responsible for managing the relationship and communications with members, financial intermediaries and family offices. Jaime has previously spent 7 years in London working for several large asset managers. During this time, Jaime worked as an Operations Manager at an emerging market hedge fund that invested in Russian, Eastern European and African securities. Jaime has also worked as a Fund Performance Analyst at Legal and General Investment Management – one of the world’s largest insurance and investment management companies.
Jaime holds a Bachelor of Commerce from the University of Western Australia, a Diploma in Financial Planning and has passed Level II of the Chartered Financial Analyst certification.
Westoz Funds Management’s investment approach focuses on:
Westoz Funds Management has an Investment Committee which meets regularly to review the investment portfolios and consists of Jay Hughes, Dermot Woods and Philip Rees.
May 28, 2020
Westoz Weekly – 27 May 2020
Consolidating on last week’s rise in Net Tangible Asset values (NTAs), the Westoz and Ozgrowth portfolios have risen strongly again this week with their NTAs up a further 5.2% and 1.5% respectively…Read More »
May 20, 2020
Westoz Weekly – 20 May 2020
The Australian share market was up strongly this week, rising 3% after US biotech company Moderna announced some positive early results from its coronavirus vaccine trials…Read More »
May 20, 2020
Westoz Weekly – 13 May 2020
It was a mixed week for the Australian share market with the Financials sector giving up recent gains and the IT sector rising strongly…Read More »
May 11, 2020
WIC Company Update – April 2020
The Westoz portfolio recovered strongly in April, rising 20.9% (before fees and taxes) while the ASX All Ordinaries Accumulation Index rose 9.5%. In this short video, Phil Rees comments on the market rebound and the Company’s targeted 6.0 cents per share fully franked annual dividend. Dermot Woods identifies the drivers of the monthly performance, including West African Resources (WAF.ASX, +75%), and […]Read More »
May 11, 2020
OZG Company Update – April 2020
The Ozgrowth portfolio made a very strong recovery in April, rising 23.5% (before fees and taxes), which takes year to date performance to -2.0%. The All Ordinaries Accumulation Index rose 9.5% over the month and is down 13.7% year to date. In this short video, Phil Rees comments on the market rebound and highlights the Company’s targeted 0.6 […]Read More »
May 7, 2020
Westoz Weekly – 6 May 2020
The local bourse outperformed global peers over the week with the ASX All Ordinaries increasing by circa 2% courtesy of a rebound in banking stocks and an energy sector buoyed by a +50% increase in the oil price…Read More »