Mike Taylor
Managing Director
Mike is the co-founder and Managing Director of Pie Funds. He is the portfolio manager for the Pie Australasian Growth Fund and the Pie Australasian Dividend Fund. Mike reports to the Board of Pie Funds and the Investment Committee.
Prior to starting Pie Funds in 2007, he worked for a number of large financial institutions both domestically and in the UK, including institutional equities dealer for ABN Amro NZ, FX Derivatives, Merrill Lynch UK, and as a Manager for Bank of Scotland NZ, supporting private equity bidders and large property developers with bespoke debt solutions.
In addition, Mike was managing equity portfolios for close friends and family for a number of years before starting Pie Funds. Through this experience, and after a decade of analysing and trading equity markets, Mike has developed his own financial models for fundamental analysis, including a unique investment screening process which utilises a scorecard system (see ‘Pie Funds Investment Screening Process’ on page 10 for more information).
As Fund Manager for the Pie Australasian Growth Fund, Mike has provided clients with a return of over 79.5% (as at 31 August 2011) since inception in December 2007, despite extreme volatility within the global equity markets.*
A very driven person, Mike has a strong aptitude for financial analysis and a passion for investing. He has demonstrated with his existing client base that he has been able to develop trust and has rewarded those who have put faith in him with market out-performance, accountability and good service.
Roger Kerr
Non-Executive Director and Independent Chairman
Roger has a wealth of practical experience in treasury management and financial markets, both domestically and internationally. He has earned a reputation as one of New Zealand’s leading professional advisors in this specialist field.
Since 1987, Roger has specialised in providing independent financial risk/treasury management strategies to large corporate borrowers and companies with foreign exchange risk. He is a principal and one-third shareholder of Asia-Pacific Risk Management Limited as well as being a Director and shareholder in corporate treasury outsourcing company, ETOS Limited.
Roger is the Chairman of Trust Investments Management, an outsourcing provider to the charitable trust sector with $700m of client funds under management. Roger has been re-appointed by the Minister of Finance for a third three-year term as a member of the Board of Trustees of the National Provident Fund ($1.7 billion of member’s superannuation funds under management).
He is a member of the Institute of Directors, New Zealand Institute of Chartered Accountants and was inaugural Board Chairman of INFNZ between 2002 and 2007, the professional/industry body for New Zealand’s financial and capital markets. Roger is also a trustee of the Auckland City Mission Foundation. As a well-known commentator and analyst on New Zealand’s economy and financial markets, Roger’s reputation, corporate governance experience and overall knowledge of the financial sector adds to the strength of Pie Funds Board.
* Past performance is not a guarantee of future returns. No person, including the directors of Pie Funds Management Limited, guarantees the repayment of units in the Funds or any returns on units in the Funds.
Returns are net of fees but before any applicable tax.
Since inception, as at 31 Dec 2010, the Pie Australasian Growth Fund has delivered a total return of 74.9% (net of all fees but before any applicable tax Past performance is not a guarantee of future returns.
No person, including the directors of Pie Funds Management Limited guarantees the repayment of units in the Fund or any returns on units in the Fund.