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Showing results for 'CQG'

Contango Global Growth Limited

Fund Manager: Contango
Inception Date: Jun 23, 2017

The LIC IPOs keep on coming. This time it is Contango Asset Management, ASX listed manager of Contango MicroCap (CTN) and Contango Income Generator (CIE), as well as a number of wholesale funds. Contango are aiming to raise up to $330m for their new Global Growth LIC (CQG), with the offer closing on 8 June 2017. We take a look below at the interesting structure employed by Contango for this LIC, with the investment management decisions outsourced to US based fund management WCM Investment Manage ... [More]

A prospectus for listed investment company Contango Global Growth has hit investor's desks after lodgement with the corporate regulator. The offer documents outline a minimum raise of $55 million with the ability to raise up to $220 million, inclusive of oversubscriptions of as much as $110 million. James Packer-backed Contango has partnered with Laguna Beach California-based WCM Investment Management for the new LIC.  The firm managed about $21.2 billion as at March 31.  [More]

James Packer-backed Contango Asset Management has its ducks in a row as it forges ahead with a new listed investment company focussing on global stocks.  Street Talk can reveal that Morgan Stanley, Bell Potter, Taylor Collison, Morgans and Commsec will line up as joint lead managers for Contango Global Growth. K&L Gates is the legal adviser. The pre-marketing roadshow was in full swing last week and investor sources expect the LIC to officially launch in April or May with a raising of several hundred million dollars.   [More]

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