Well, well. Press reports appointment of new Small Cap PM at CGA (the fund manager for CTN, in case one needs recollecting).
https://www.investordaily.com.au/markets/41866-contango-appoints-new-small-cap-portfolio-manager
Strangely, the quite lengthy report (which incorrectly still calls CGA "Packer family backed"?) makes no mention of who occupied the role previously? Or what happened to him?
For the record, Morningstar survey for Australian Small Companies shows CGA small cap ranking 26 out of 32 and 23 out of 24 managers for the one year and ten years to 31/7/2017 respectively. Second from the bottom for 10 years.
Is walking the plank starting? Or is it shifting chairs on the titanic?
Walking the plank revs up?
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