Marathon - Net Asset Value Update February 2019
SHARE PRICE & NET ASSET VALUE UPDATE – 28 FEBRUARY 2019
Marathon provides our Investment Partners access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Important Information: Performance and analytics are provided only for the Net Asset Value of Marathon ordinary shares. Actual performance will differ for Investment Partners due to the timing of their investment. The 2015 & 2016 results are Not Meaningful (n/m) given the initial startup costs that Marathon incurred relative to its initial capital base, the increase in Net Asset Value Per-Share primarily relates to capital raised throughout the 2016 year. Returns are net of all fees.
About Marathon Consolidated Ltd
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop.
However, unlike private equity firms we avoid excessive debt. Compared to hedge funds, we provide our Investment Partners with transparency. Above all we are focused on the preservation of capital and delivering investment returns over the long term - through investments with a margin of safety and a durable growing earnings stream.
Marathon’s investment manager is Menninger Capital. AFS License No. 455364
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
Important Information: This report has been prepared by Menninger Capital. This report is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice. The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. Menninger Capital is under no obligation to update or keep current the information contained herein. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realised.
Marathon - Net Asset Value Update January 2019
SHARE PRICE & NET ASSET VALUE UPDATE – 31 JANUARY 2019
Marathon provides our Investment Partners access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Important Information: Performance and analytics are provided only for the Net Asset Value of Marathon ordinary shares. Actual performance will differ for Investment Partners due to the timing of their investment. The 2015 & 2016 results are Not Meaningful (n/m) given the initial startup costs that Marathon incurred relative to its initial capital base, the increase in Net Asset Value Per-Share primarily relates to capital raised throughout the 2016 year. Returns are net of all fees.
About Marathon Consolidated Ltd
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop.
However, unlike private equity firms we avoid excessive debt. Compared to hedge funds, we provide our Investment Partners with transparency. Above all we are focused on the preservation of capital and delivering investment returns over the long term - through investments with a margin of safety and a durable growing earnings stream.
Marathon’s investment manager is Menninger Capital. AFS License No. 455364
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
Important Information: This report has been prepared by Menninger Capital. This report is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice. The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. Menninger Capital is under no obligation to update or keep current the information contained herein. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realised.
Marathon - Net Asset Value Update December 2018
SHARE PRICE & NET ASSET VALUE UPDATE – 31 DECEMBER 2018
Marathon provides our Investment Partners access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Important Information: Performance and analytics are provided only for the Net Asset Value of Marathon ordinary shares. Actual performance will differ for Investment Partners due to the timing of their investment. The 2015 & 2016 results are Not Meaningful (n/m) given the initial startup costs that Marathon incurred relative to its initial capital base, the increase in Net Asset Value Per-Share primarily relates to capital raised throughout the 2016 year. Returns are net of all fees.
About Marathon Consolidated Ltd
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop.
However, unlike private equity firms we avoid excessive debt. Compared to hedge funds, we provide our Investment Partners with transparency. Above all we are focused on the preservation of capital and delivering investment returns over the long term - through investments with a margin of safety and a durable growing earnings stream.
Marathon’s investment manager is Menninger Capital. AFS License No. 455364
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
Important Information: This report has been prepared by Menninger Capital. This report is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice. The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. Menninger Capital is under no obligation to update or keep current the information contained herein. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realised.
Marathon - Net Asset Value Update November 2018
SHARE PRICE & NET ASSET VALUE UPDATE – 30 NOVEMBER 2018
Marathon provides our Investment Partners access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Important Information: Performance and analytics are provided only for the Net Asset Value of Marathon ordinary shares. Actual performance will differ for Investment Partners due to the timing of their investment. The 2015 & 2016 results are Not Meaningful (n/m) given the initial startup costs that Marathon incurred relative to its initial capital base, the increase in Net Asset Value Per-Share primarily relates to capital raised throughout the 2016 year. Returns are net of all fees.
About Marathon Consolidated Ltd
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop.
However, unlike private equity firms we avoid excessive debt. Compared to hedge funds, we provide our Investment Partners with transparency. Above all we are focused on the preservation of capital and delivering investment returns over the long term - through investments with a margin of safety and a durable growing earnings stream.
Marathon’s investment manager is Menninger Capital. AFS License No. 455364
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
Important Information: This report has been prepared by Menninger Capital. This report is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice. The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. Menninger Capital is under no obligation to update or keep current the information contained herein. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realised.
Marathon - Net Asset Value Update October 2018
SHARE PRICE & NET ASSET VALUE UPDATE – 31 OCTOBER 2018
Marathon provides our Investment Partners access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Important Information: Performance and analytics are provided only for the Net Asset Value of Marathon ordinary shares. Actual performance will differ for Investment Partners due to the timing of their investment. The 2015 & 2016 results are Not Meaningful (n/m) given the initial startup costs that Marathon incurred relative to its initial capital base, the increase in Net Asset Value Per-Share primarily relates to capital raised throughout the 2016 year. Returns are net of all fees.
About Marathon Consolidated Ltd
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop.
However, unlike private equity firms we avoid excessive debt. Compared to hedge funds, we provide our Investment Partners with transparency. Above all we are focused on the preservation of capital and delivering investment returns over the long term - through investments with a margin of safety and a durable growing earnings stream.
Marathon’s investment manager is Menninger Capital. AFS License No. 455364
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
Important Information: This report has been prepared by Menninger Capital. This report is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice. The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. Menninger Capital is under no obligation to update or keep current the information contained herein. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realised.
Marathon - Net Asset Value Update September 2018
SHARE PRICE & NET ASSET VALUE UPDATE – 30 SEPTEMBER 2018
Marathon provides our Investment Partners access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Important Information: Performance and analytics are provided only for the Net Asset Value of Marathon ordinary shares. Actual performance will differ for Investment Partners due to the timing of their investment. The 2015 & 2016 results are Not Meaningful (n/m) given the initial startup costs that Marathon incurred relative to its initial capital base, the increase in Net Asset Value Per-Share primarily relates to capital raised throughout the 2016 year. Returns are net of all fees.
About Marathon Consolidated Ltd
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop.
However, unlike private equity firms we avoid excessive debt. Compared to hedge funds, we provide our Investment Partners with transparency. Above all we are focused on the preservation of capital and delivering investment returns over the long term - through investments with a margin of safety and a durable growing earnings stream.
Marathon’s investment manager is Menninger Capital. AFS License No. 455364
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
Important Information: This report has been prepared by Menninger Capital. This report is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice. The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. Menninger Capital is under no obligation to update or keep current the information contained herein. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realised.
Local Investment Manager supports Youth Innovators Program
LOCAL INVESTMENT MANAGER SUPPORTS YOUTH INNOVATORS PROGRAM
21 September 2018 – Menninger Capital today proudly announced that it will be the Major Sponsor of the Coderdojo program launching in Townsville, delivered by InnovateNQ.
Menninger Capital is a global Investment Fund Manager headquartered in Townsville, Australia.
“Our objective is to partner with leading organisations, such as InnovateNQ to create opportunities for young people in our local community. By donating computer equipment Townsville youth will be able to gain experience and exposure to new coding skills” said Mr. Matthew Smith, Chief Executive & Founder of Menninger Capital.
Menninger Capital’s Corporate Social Responsibility strategy is aimed at reducing our investee companies impact on the environment, supporting their local community groups and creating opportunities for youth to gain experience in and exposure to new skills and technologies.
“Fundamentally we’re investment managers. This donation is a meaningful investment in the youth of the Townsville region. Our region will benefit from keeping the youth at the forefront of innovative technologies. We encourage parents to get their kids into this free program” said Mr. Christopher Rockemer, Chief Operating Officer of Menninger Capital.
Coderdojo is a global movement of volunteer-led, community-based programming clubs for young people. Aimed at kids aged 7-17, Dojo iNQ is a place where kids can learn to code, build a website, create an app or a game, and explore technology in an informal, creative and social environment.
iNQ is North Queensland's premier "Innovation Centre". We foster collaboration amongst a community of like-minded, passionate people with the aim of becoming the driving force behind the growth and success of North Queensland’s startup ecosystem.
For further information please visit:
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
Marathon - Net Asset Value Update August 2018
SHARE PRICE & NET ASSET VALUE UPDATE – 31 AUGUST 2018
Marathon provides our Investment Partners access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Important Information: Performance and analytics are provided only for the Net Asset Value of Marathon ordinary shares. Actual performance will differ for Investment Partners due to the timing of their investment. The 2015 & 2016 results are Not Meaningful (n/m) given the initial startup costs that Marathon incurred relative to its initial capital base, the increase in Net Asset Value Per-Share primarily relates to capital raised throughout the 2016 year. Returns are net of all fees.
About Marathon Consolidated Ltd
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop.
However, unlike private equity firms we avoid excessive debt. Compared to hedge funds, we provide our Investment Partners with transparency. Above all we are focused on the preservation of capital and delivering investment returns over the long term - through investments with a margin of safety and a durable growing earnings stream.
Marathon’s investment manager is Menninger Capital. AFS License No. 455364
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
Important Information: This report has been prepared by Menninger Capital. This report is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice. The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. Menninger Capital is under no obligation to update or keep current the information contained herein. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realised.
Marathon - Net Asset Value Update July 2018
SHARE PRICE & NET ASSET VALUE UPDATE – 31 JULY 2018
Marathon provides our Investment Partners access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Important Information: Performance and analytics are provided only for the Net Asset Value of Marathon ordinary shares. Actual performance will differ for Investment Partners due to the timing of their investment. The 2015 & 2016 results are Not Meaningful (n/m) given the initial startup costs that Marathon incurred relative to its initial capital base, the increase in Net Asset Value Per-Share primarily relates to capital raised throughout the 2016 year. Returns are net of all fees.
About Marathon Consolidated Ltd
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop.
However, unlike private equity firms we avoid excessive debt. Compared to hedge funds, we provide our Investment Partners with transparency. Above all we are focused on the preservation of capital and delivering investment returns over the long term - through investments with a margin of safety and a durable growing earnings stream.
Marathon’s investment manager is Menninger Capital. AFS License No. 455364
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
Important Information: This report has been prepared by Menninger Capital. This report is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice. The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. Menninger Capital is under no obligation to update or keep current the information contained herein. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realised.
Marathon - Net Asset Value Update June 2018
SHARE PRICE & NET ASSET VALUE UPDATE – 30 JUNE 2018
Marathon provides our Investment Partners access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Important Information: Performance and analytics are provided only for the Net Asset Value of Marathon ordinary shares. Actual performance will differ for Investment Partners due to the timing of their investment. The 2015 & 2016 results are Not Meaningful (n/m) given the initial startup costs that Marathon incurred relative to its initial capital base, the increase in Net Asset Value Per-Share primarily relates to capital raised throughout the 2016 year. Returns are net of all fees.
About Marathon Consolidated Ltd
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop.
However, unlike private equity firms we avoid excessive debt. Compared to hedge funds, we provide our Investment Partners with transparency. Above all we are focused on the preservation of capital and delivering investment returns over the long term - through investments with a margin of safety and a durable growing earnings stream.
Marathon’s investment manager is Menninger Capital. AFS License No. 455364
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
Important Information: This report has been prepared by Menninger Capital. This report is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice. The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. Menninger Capital is under no obligation to update or keep current the information contained herein. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realised.
Marathon - Net Asset Value Update May 2018
SHARE PRICE & NET ASSET VALUE UPDATE – 31 MAY 2018
Marathon provides our Investment Partners access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Important Information: Performance and analytics are provided only for the Net Asset Value of Marathon ordinary shares. Actual performance will differ for Investment Partners due to the timing of their investment. The 2015 & 2016 results are Not Meaningful (n/m) given the initial startup costs that Marathon incurred relative to its initial capital base, the increase in Net Asset Value Per-Share primarily relates to capital raised throughout the 2016 year. Returns are net of all fees.
About Marathon Consolidated Ltd
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop.
However, unlike private equity firms we avoid excessive debt. Compared to hedge funds, we provide our Investment Partners with transparency. Above all we are focused on the preservation of capital and delivering investment returns over the long term - through investments with a margin of safety and a durable growing earnings stream.
Marathon’s investment manager is Menninger Capital. AFS License No. 455364
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
Important Information: This report has been prepared by Menninger Capital. This report is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice. The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. Menninger Capital is under no obligation to update or keep current the information contained herein. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realised.
Marathon - Net Asset Value Update April 2018
SHARE PRICE & NET ASSET VALUE UPDATE – 30 APRIL 2018
Marathon provides our Investment Partners access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Important Information: Performance and analytics are provided only for the Net Asset Value of Marathon ordinary shares. Actual performance will differ for Investment Partners due to the timing of their investment. The 2015 & 2016 results are Not Meaningful (n/m) given the initial startup costs that Marathon incurred relative to its initial capital base, the increase in Net Asset Value Per-Share primarily relates to capital raised throughout the 2016 year. Returns are net of all fees.
About Marathon Consolidated Ltd
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop.
However, unlike private equity firms we use little to no leverage. Compared to hedge funds, we do this all in the public forum allowing our investors greater transparency and most importantly, the ability to act on their own accord.
Marathon’s investment manager is Menninger Capital. AFS License No. 455364
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
Important Information: This report has been prepared by Menninger Capital. This report is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice. The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. Menninger Capital is under no obligation to update or keep current the information contained herein. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realised.
Marathon Acquires 19.8% Stake in MBL Food Services
MARATHON ACQUIRES 19.8% STAKE IN MBL FOOD SERVICES
24 April 2018 – Marathon and associates have acquired a 19.8% stake in MBL Food Services, an unlisted public company headquartered in Western Australia with annual sales in excess of $20 million and over $13 million of net tangible assets, which provides a solid foundation for future growth.
Lloyd Hirst and Matthew Smith, respectively, the Chief Investment Officer and Chief Executive of Menninger Capital, will assume two board seats of MBL Food Services.
“Our objective is to partner with the companies in which we invest by providing long-term patient capital. We are excited to work in partnership with the existing board and management team to build MBL Food Services into the National Leader of Food Services,” Mr Smith said.
MBL Food Services is a wholesale and retail establishment serving the meat, bakery and food service industries in Western Australia. In 2018, MBL Food Services celebrates its 69th Anniversary, which is an achievement recognised and valued by Marathon.
Mr Hirst said, “We are driven by our passion to be a partner to world class businesses. MBL Food Services has over two-thirds of a century of brand equity in an industry which we understand. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.”
For further information please visit www.mblshareholders.com.au.
If you would like to apply to invest in Marathon,
please call +61 7 4728 8000 or email invest@menningercapital.com.
About Marathon Consolidated Ltd
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop.
However, unlike private equity firms we use little to no leverage. Compared to hedge funds, we do this all in the public forum allowing our investors greater transparency and most importantly, the ability to act on their own accord.
Marathon’s investment manager is Menninger Capital. AFS License No. 455364
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
Important Information: This report has been prepared by Menninger Capital. This report is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice. The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. Menninger Capital is under no obligation to update or keep current the information contained herein. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realised.
Marathon - Net Asset Value Update March 2018
SHARE PRICE & NET ASSET VALUE UPDATE – 31 MARCH 2018
Marathon provides our Investment Partners access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Important Information: Performance and analytics are provided only for the Net Asset Value of Marathon ordinary shares. Actual performance will differ for Investment Partners due to the timing of their investment. The 2015 & 2016 results are Not Meaningful (n/m) given the initial startup costs that Marathon incurred relative to its initial capital base, the increase in Net Asset Value Per-Share primarily relates to capital raised throughout the 2016 year. Returns are net of all fees.
About Marathon Consolidated Ltd
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop.
However, unlike private equity firms we use little to no leverage. Compared to hedge funds, we do this all in the public forum allowing our investors greater transparency and most importantly, the ability to act on their own accord.
Marathon’s investment manager is Menninger Capital. AFS License No. 455364
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
Important Information: This report has been prepared by Menninger Capital. This report is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice. The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. Menninger Capital is under no obligation to update or keep current the information contained herein. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realised.
Marathon - Net Asset Value Update February 2018
NET ASSET VALUE UPDATE – 28 FEBRUARY 2018
Marathon provides access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Latest Subscription Share Price $120.00
Net Asset Value per-share (unaudited) $114.61
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop. However, unlike private equity firms we use little to no leverage. Compared to hedge funds, we do this all in the public forum allowing our investors greater transparency and most importantly, the ability to act on their own accord.
Marathon's investment manager is Menninger Capital.
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy.
Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
Important Information
AFS License No. 455364.
This publication is general in nature and does not take your personal situation into consideration. You should seek financial advice specific to your situation before making any financial decision. Past performance is not a reliable indicator of future performance.
We encourage you to think of investing as a long-term pursuit.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
Marathon - Net Asset Value Update January 2018
NET ASSET VALUE UPDATE – 31 JANUARY 2018
Marathon provides access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Latest Subscription Share Price $120.00
Net Asset Value per-share (unaudited) $105.40
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop. However, unlike private equity firms we use little to no leverage. Compared to hedge funds, we do this all in the public forum allowing our investors greater transparency and most importantly, the ability to act on their own accord.
Marathon's investment manager is Menninger Capital.
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy.
Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
Important Information
AFS License No. 455364.
This publication is general in nature and does not take your personal situation into consideration. You should seek financial advice specific to your situation before making any financial decision. Past performance is not a reliable indicator of future performance.
We encourage you to think of investing as a long-term pursuit.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
Marathon - Net Asset Value Update December 2017
NET ASSET VALUE UPDATE – 31 DECEMBER 2017
Marathon provides access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Net Asset Value per-share (unaudited) $105.40
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop. However, unlike private equity firms we use little to no leverage. Compared to hedge funds, we do this all in the public forum allowing our investors greater transparency and most importantly, the ability to act on their own accord.
Marathon's investment manager is Menninger Capital.
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy.
Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
Important Information
AFS License No. 455364.
This publication is general in nature and does not take your personal situation into consideration. You should seek financial advice specific to your situation before making any financial decision. Past performance is not a reliable indicator of future performance.
We encourage you to think of investing as a long-term pursuit.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
Marathon - Net Asset Value Update November 2017
NET ASSET VALUE UPDATE – 30 NOVEMBER 2017
Marathon provides access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Net Asset Value per-share (unaudited) $104.30
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop. However, unlike private equity firms we use little to no leverage. Compared to hedge funds, we do this all in the public forum allowing our investors greater transparency and most importantly, the ability to act on their own accord.
Marathon's investment manager is Menninger Capital.
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy.
Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
Important Information
AFS License No. 455364.
This publication is general in nature and does not take your personal situation into consideration. You should seek financial advice specific to your situation before making any financial decision. Past performance is not a reliable indicator of future performance.
We encourage you to think of investing as a long-term pursuit.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
Marathon - Net Asset Value Update October 2017
NET ASSET VALUE UPDATE – 31 OCTOBER 2017
Marathon provides access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Net Asset Value per-share (unaudited) $102.58
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop. However, unlike private equity firms we use little to no leverage. Compared to hedge funds, we do this all in the public forum allowing our investors greater transparency and most importantly, the ability to act on their own accord.
Marathon's investment manager is Menninger Capital.
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy.
Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
Important Information
AFS License No. 455364.
This publication is general in nature and does not take your personal situation into consideration. You should seek financial advice specific to your situation before making any financial decision. Past performance is not a reliable indicator of future performance.
We encourage you to think of investing as a long-term pursuit.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
Marathon - Net Asset Value Update September 2017
NET ASSET VALUE UPDATE – 30 SEPTEMBER 2017
Marathon provides access to our unique approach to investing. Our preference is to own a diverse group of assets that generate cash flows and provide an opportunity for capital appreciation with minimal risk of impairment. Marathon may hold meaningful amounts of assets in the safety of cash – patiently protected, whilst qualifying investments are being sought after.
Net Asset Value per-share (unaudited) $102.57
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop. However, unlike private equity firms we use little to no leverage. Compared to hedge funds, we do this all in the public forum allowing our investors greater transparency and most importantly, the ability to act on their own accord.
Marathon's investment manager is Menninger Capital.
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy.
Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
Important Information
AFS License No. 455364.
This publication is general in nature and does not take your personal situation into consideration. You should seek financial advice specific to your situation before making any financial decision. Past performance is not a reliable indicator of future performance.
We encourage you to think of investing as a long-term pursuit.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.