DMX and Monash provide update as merger completes

Funds-management/Monash-Investors/small-cap/mergers-and-acquisitions/

16 September 2024
| By Jasmine Siljic |
image
image image
expand image

Two Australian small-cap asset managers have completed their merger after announcing the news in July this year, while providing an investment update.

In July this year, Monash Investors announced it would be acquired by DMX Asset Management and sit within the broader DMX Group, having been in discussions since September 2023.

“The merging of our firms in this way broadens and deepens our combined investment coverage of the entire small and micro-cap space, and merging back-office functions will allow the investment team to be wholly focused on delivering for our clients in the years ahead,” a statement from Monash said at the time.

In an investor update on 11 September, the two firms confirmed that the merger has now reached completion.

DMX AM principal Michael Haddad, who manages the DMX Australian Shares Fund, has now joined the portfolio management team of Monash as a co-portfolio manager alongside Monash co-founders Simon Shields and Shane Fitzgerald.

“With the merger with DMX now complete and our teams and processes fully integrated, we reiterate the overarching attributes of the Monash fund remain the same, including its mandate, strategy and focus on owning quality smaller ASX companies with meaningful growth profiles,” Monash stated.

“We’ve been through a pivotal period in the 12-year history of Monash, and we’re excited about what the future holds, and to be delivering differentiated and value-adding portfolio exposures to our loyal investors.”

Commenting on the merger’s completion, Haddad said: “As we move into this new exciting chapter in the combined firms’ history, we want to re-double our focus into what’s really moved the needle over time.”

In particular, he said the firm is focused on the identification and long-term ownership of attractive, smaller ASX-listed companies that have “a significant growth runway ahead”.

“The ASX is populated by many hundreds of interesting smaller companies, with the holy grail being those small growing companies that can be acquired at reasonable prices. Capturing both their growth, plus eventual multiple re-rate as others cotton-on, can lead to exceptional returns,” Haddad added.

Monash Investors was set up in 2012 and runs a Small Companies Fund, while DMX AM was founded in 2015 and runs an unlisted DMX Capital Partners and a wholesale DMX Australian Shares Fund, managing around $37 million.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 4 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

3 weeks 5 days ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 4 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 3 days ago

TOP PERFORMING FUNDS