Year of two halves for investment players

Western Australia’s listed money managers had a strong 12 months to June 2014, but face a challenge to repeat that performance in 2015.

The state’s two biggest listed investment companies are subsidiaries of local brokerage Euroz – Westoz Investment company and Ozgrowth.

Both are chaired by long-serving Euroz executive director Jay Hughes, with Philip Rees as executive director.

Between the two vehicles, assets totalled more than $250 million at the conclusion of the past financial year.

For the 2014 financial year, Westoz earned a gross return of 21.2 per cent, while Ozgrowth, which had lower cash holdings, was slightly higher at 24.1 percent…

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