Contango MicroCap (ASX:CTN) released details of the management agreement with its newly appointed second manager, OC Funds Management. There are a number of material differences between this new agreement and the agreement with the existing manager, Contango Asset Management. A number of these differences are at odds with CTN’s existing mandate, which changes the nature of an investment in the company. Read the full report below for further details of the new agreement and Independent Investment Research’s updated view of CTN.
Peter has 35 years’ experience in the banking and finance industry, including 15 years as an equities analyst. Peter was a sector head in the equities research team at Morningstar with a focus on consumer and industrial companies.