Contango Asset Management Limited (CGA) 2018年年度报告「ASX」.pdf

1、Annual Report20172018CONTANGO ASSET MANAGEMENT LIMITED AND CONTROLLED ENTITIES ACN:080 277 998Roger Amos Non-executive ChairmanContango Asset Management LimitedLETTER FROM THE CHAIRMANDear Shareholder,Welcome to the 2018 Contango Asset Management Annual Report.FY18 was a significant year for the Com

2、pany,and it is with great pleasure we deliver our results to you.Throughout the year,the Company reviewed its strategic objectives and operating model with a view to focus on the areas of its operations that were growing.As a result,the Companys focus has moved away from institutional wholesale mand

3、ates,to the distribution of products to retail clients,including via Switzer Asset Management Limited(SAML).Consequently,the Company restructured its operations,including reducing headcount and relocating its head office to Sydney.The Companys cost base has been substantially reset,and it is progres

4、sing with its objective of launching exchange traded managed funds via SAML.SAML is a key part of the Companys growth strategy.During FY18,the Company entered into an agreement to acquire the shares in SAML that it did not own.We were pleased to announce this was approved by shareholders and the acq

5、uisition was completed in September 2018.The Companys growth objectives include the development of a suite of products through SAML,leveraging off the self-directed and independent financial advisory segments.As part of this strategy we announced a new exchange traded product,the WCM Quality Global

6、Growth Fund,which started trading in September.Over the coming financial year,the Board intends to continue to invest in the development of new funds.An important component of the Companys ability to implement its future strategies with success relates to the marketing of our LIC and Exchange Traded