03/10/2023
Menninger Capital are pleased to provide you with Marathon’s Net Asset Value (NAV) performance update for August 2023.
Uncertainty in financial markets is stressful. No one knows what will happen with markets for the remainder of 2023 and beyond. That uncertainty can feel out of control, but there are things you can control and steps you can take.
The current economic uncertainty is leading to substantial variability in market forecasts, with firms estimating stock returns will be anywhere from flat to up 10% by the end of the year.
The only agreement is that getting there will be a bumpy ride, with many ups and downs.
Financial markets rebounded in the first half of 2023 against the background of lower energy prices and expectations of a slower pace of monetary tightening.
However, this improvement remains fragile. The downside risks have increased while there remains a high degree of market and investor nervousness.
Change is the one constant in business and markets. It is both the catalyst and conduit for risk and return. Change comes in all shapes and sizes. Potent and powerful, if understood.
Change is something we all seek. From right now to what’s next. For a better future for our families, our businesses and ourselves. But change can be complex, the future can be hard to see, that’s why Menninger Capital exists.
We identify, study, understand, value and create change for our clients with a long-term focus on the future. Put simply, we exist to help others harness the financial and strategic value of change.
Menninger Capital Investment Management: Harnessing the Dynamics of Change. As active managers with along-term focus, Menninger IM ‘Value Investing’ focus is about identifying and leveraging capacity for change in underappreciated assets and opportunities.
Menninger Capital Advisory: Creating Change that Matters. As experienced corporate advisors with active partnerships, Menninger Advisory is about identifying and creating strategic changes to the operational and economic performance of companies.
This capability is a clear point of difference and advantage Menninger Capital has in outperforming other Investment Fund Managers when partnering with companies we invest in.
Our flagship fund - Marathon Consolidated Ltd. is a long-term value investment fund unconstrained by asset class or geography, that invests in a diverse group of undervalued assets which provide an opportunity for superior long-term returns.
Should you wish to make an investment into Marathon or add to your existing holdings prior to the closure please let us know as soon as possible so that the paperwork can be arranged.
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+61 7 4728 8000
Tomorrow belongs to those that act today.
You can view the full Marathon Consolidated performance data here: https://www.menningercapital.com/press-releases-blog/navupdateaug23