WAM Research (WAX)

Shares / Stock Code

WAX

Stock Exchange / Sharemarket

ax

WAM Research (WAX) is an independently owned boutique investment manager established in 1997 by Geoff Wilson. WAM is based in Sydney, Australia. The Wilson Asset Management Group (WAM Group) is comprised of four investment professionals who have a total investment experience of over 50 years.

At November 2010, the WAM Group was the manager of three listed investment companies with funds under management of approximately $300 million. The group also manages unlisted funds of approximately $25 million.

In August 1999 the first of the three listed companies, WAM Capital Limited (WAM), was established and has grown from $21.5 million to approximately $177 million today. WAM predominantly invests in small to medium sized companies listed on the Australian Securities Exchange for the short to medium term.

In August 2003 the second listed investment company, WAM Research Limited (WAX) (previously Wilson Investment Fund Limited), was established with approximately $145 million raised. WIL predominantly invests in small to medium sized companies listed on the Australian Securities Exchange

WAM Active Limited (WAA) is the most recent addition to the group which was listed in January 2008 at approximately $15m. WAA will be an active investor with high turnover and individual stocks may not be held for extended periods.