Chris Langford says Newmark explored other options for its underperforming property fund including asset sales and a wind-up, but these did not stack up.
Soul Pattsâ Contact Asset Management hit by slew of departures
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Thereâs something of a shake-up brewing at fund manager Contact Asset Management â which is 20 per cent owned by Washington H Soul Pattinson.
Contact Asset Managementâs Tom Millner and Will Culbert.Â
Dominic Lorrimer
Broker sources told Street Talk four Contact employees had left the firm â which manages billions on behalf of Soul Patts, the ASX-listed BKI Investment Company and its own ex-50 fund â in the past couple of months.
Sources said Contactâs head of research Rodney Forrest, analyst/dealer Charlie Kingston, analyst/distribution operative Jared Tilley and analyst Jovana Gagic had all headed for the exit since the start of the year.