MFF Capital says Montaka’s research is one reason for acquiring the firm, where Chris Mackay’s eldest son works in research.
There’s no shortage of verbose egos in the small world of listed funds management. Although few seem to have found their voice like MFF Capital and Magellan founderThose tuning into Mackay’s presentation at MFF’s annual general meeting last week sat through a rare soliloquy about the state of his company, the world, and practically anything else he was thinking about in his waterfront mansion in Sydney’s Hunters Hill.Take “Boomer consumption”.
It was timed with the announcement that MFF Capital would acquire global equities manager Montaka, where Mackay is also the largest shareholder by some margin. MFF would pay a “nominal fee” to Montaka to swallow the firm, which has offices in New York and Sydney.He noted the “key reason” was that Montaka had “excellent researchers”.
Nepotism is a tricky thing. Lachlan is highly thought of. Demasi praised his research and investment skill when contacted on Sunday.
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