The Montgomery Fund invested in BT Investment Management (ASX: BTT) early this year after noticing that many of BTT's funds delivered very good investment...

The Montgomery Fund invested in BT Investment Management (ASX: BTT) early this year after noticing that many of BTT's funds delivered very good investment performance in the period to 31 December, and were on track to achieve solid 3 and 5 year outperformance numbers. With the results for the half-year now released to the market, we have confirmation of that performance. BTT manages a large number of different funds, and the goal is to have a large percentage of their FUM in the first and second quartile over an extended period, which they have successfully done. For the three years to end March, 97 per cent of BTT's FUM had achieved investment returns in excess of benchmarks. Following a strong run in the share price, it is hard to describe BTT as cheap, but it certainly fits the bill as a high quality business worth watching. (VIEW LINK)