Over the last decade shareholders have been asking us to establish a listed investment company (LIC) that provides exposure to undervalued international growth companies selected under the Wilson Asset Management investment strategy.
Our 20-year track record of delivering strong risk-adjusted returns for investors has been driven by the quality of our people and their commitment to our proven investment strategy. Our 10 investment professionals have well over 100 years’ combined experience and work as a close team focused on growing and protecting shareholders’ capital.
The Wilson Asset Management investment team invests across the full spectrum of the Australian equity market from micro-cap to large-cap companies. The information gathering and sharing drives risk-adjusted outperformance across all of our LICs. We are therefore incredibly excited to be adding a global LIC and team that will benefit from and contribute to our existing LICs’ performance.
WAM Global will take advantage of the two drivers of Wilson Asset Management’s success – our people and our process. Lead Portfolio Manager Catriona Burns is an exceptional global fund manager who knows our process intimately. As the second fund manager I employed, Catriona helped develop our investment strategy between 2003 and 2007 before she left for London to manage global equities.
We are pleased to offer this exclusive investment opportunity to our investors. The initial public offer (IPO) capital raising is strictly limited to $550 million, 30% of which is allocated to the Wilson Asset Management Family of investors.
WAM Global exceeded the minimum offer proceeds after opening at 10am yesterday.
I believe WAM Global will deliver strong risk-adjusted returns derived from a high quality diversified portfolio of international equities. I will personally invest $5.5 million in the IPO, which will be subject to scale back should the offer be oversubscribed.
I hope you will join me as a shareholder in WAM Global.
Geoff founded Wilson Asset Management in 1997, and has over 35 years direct experience in investment markets. Geoff also created Australia’s first listed philanthropic wealth creation vehicles, Future Generation.