Predict your next investment

Asset/Investment Management
contango.com.au

See what CB Insights has to offer

Investments

1

About Contango Asset Management

Contango Asset Management is a boutique wholesale and Listed Investment Company fund manager with mandates across the entire market capitalization spectrum. Contango manages large cap, mid cap, small cap, micro cap, and income focused mandates for institutional clients.

Contango Asset Management Headquarter Location

Level 27 35 Collins Street

Melbourne, Victoria, 3000,

Australia

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Contango Asset Management News

Peter Switzer bags bludgers, enjoys JobKeeper

Aug 16, 2021

Share “Has government generosity meant we’re seeing the return of the rational bludger?” he began. Peter Switzer has built a tidy little empire leveraging his everyman shtick and his dumbed-down money news for mug punters. Switzer argued that the Morrison government’s $750 weekly support payments are both a disincentive to work and an incentive to commit welfare fraud because they’re too generous. Remember, only workers who cannot work a single day because of lockdowns are eligible for these payments, yet Switzer has tortuously rooted out an army of “layabouts” who are staying home by government decree. It’s typical nonsense. If only Peter Switzer held himself to the same towering standard of self-sufficiency. After all, his Switzer Financial Group owns 13 per cent of Contango Asset Management, which in turn owns Switzer Asset Management. Contango is run by Peter’s devoted son Marty Switzer, a perfect alien to meritocracy. Related Quotes Between April and September of 2020, Contango applied for and received $292,500 in JobKeeper. We’ll never know whether Contango qualified for JobKeeper by showing an actual or forecast turnover decline of 30 per cent versus 2019, and whether that real or forecast decline was monthly or quarterly. What we do know is that Contango’s sales in the quarter ending March 31, 2020, were $1.2 million, up 16.7 per cent on the same quarter in 2019. We also know that Contango’s sales in the quarter ending June 30, 2020, were $1.2 million, up 4.6 per cent on the previous corresponding period. And in the quarter ending September 30, 2020, Contango’s sales were $1.5 million, up 29.8 per cent. Er, what pandemic? Mayfair 101 offering Contango generates almost all of its revenue in management fees, which are paid as a percentage of its funds under management. Because asset prices shat themselves in March 2020, it may well have experienced a monthly turnover decline of the 30 per cent magnitude. But asset prices came roaring back, pronto. Herein lies one absurdity of JobKeeper’s design. Contango, as the manager, is contracted to operate the funds in its portfolio, including the Switzer funds. What were they going to do without JobKeeper? Lay off the portfolio managers and analysts and let the funds run on autopilot? JobKeeper did not save the job of a single fund manager, at Contango or elsewhere. Contango feasted on it anyway, like the rational bludgers they are. Marty Switzer had a monthly blip then got six months’ supplementary revenue for nothing. By his own father’s standard, he’s a complete bum. Advertisement Over decades, Switzer senior has built a tidy little empire leveraging his everyman shtick and his dumbed-down money news for mug punters. He bemoans “journalists who use complex jargon that everyday Australians often find difficult to understand” and claims he “cuts through this jargon to produce independent information accessible to all Australians”. While it’s certainly true that Switzer’s information is accessible (even to small children and English beginners), its independence is spurious. It is merely a gateway through which Switzer flogs these mug punters his financial products. “We also recognise that some of our colleagues in mainstream media unnecessarily focus on the negative. Peter Switzer always strives to emphasise the positive,” exclaims Switzer Daily. Yeah and nobody ever paid us a commission for shining light in dark places. One financial product Switzer has been more than happy to proffer to his followers is James Mawhinney’s Mayfair 101. The Federal Court has now banned Mawhinney from marketing financial products for 20 years, describing his investment schemes as “Ponzi-like” . And from where did Mawhinney source his credulous investors/victims? He presented at Switzer’s conference. He paid for advertisements on Switzer’s platform. He paid to access Switzer’s email database . Switzer’s wife, Maureen Jordan, sat on the advisory board of Mawhinney’s original fund, IPO Wealth . Mawhinney had his Melbourne office on the same floor of the same building as Contango’s. And Switzer interviewed him on Switzer TV, on multiple occasions, where Switzer strove his heart out to emphasise the positive! Whatever its original mission, Switzer Daily has become an introductory agency for charlatans and simpletons. It should bloody well say that on the label. The country's most expert opinion and analysis. Sign up to our weekly newsletter.

Contango Asset Management Investments

1 Investments

Contango Asset Management has made 1 investments. Their latest investment was in Zero Latency as part of their Unattributed on December 12, 2016.

CBI Logo

Contango Asset Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/5/2016

Unattributed

Zero Latency

$5.23M

Yes

3

Date

12/5/2016

Round

Unattributed

Company

Zero Latency

Amount

$5.23M

New?

Yes

Co-Investors

Sources

3

Contango Asset Management Acquisitions

1 Acquisition

Contango Asset Management acquired 1 company. Their latest acquisition was Switzer Asset Management on March 23, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/23/2018

Acquired

1

Date

3/23/2018

Investment Stage

Companies

Valuation

Total Funding

Note

Acquired

Sources

1

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.