ECP Asset Management on why it still backs BNPL and happily owns Macquarie
ECP Asset Management's Jared Pohl and Sam Byrnes are long term investors. But their growth oriented philosophy supports backing buy now, pay later stocks as well as Macquarie - and maybe even Guzman y Gomez.
One fund manager already prepped for the just-announced ASX listing of burrito chain Guzman y Gomez is ECP Asset Management – even though the 12 year old fund only invests in public stocks.
Behind the fund’s active, growth-focused style is what co-founder Jared Pohl describes as “pre-mortems”. Along with core investments in blue chips like CSL and Macquarie Group, ECP closely monitors private companies competing in sectors they invest in and emerging companies which may go public.
It’s time horizon also means it is willing to be contrarian and has shown continued faith in buy now, pay later.
“(Guzman y Gomez) is one of a number of businesses that we've looked at,” Pohl says. “We've done a lot of work on that business to get a sense of what it's doing and the strategy and how it's going. We definitely look at a lot of things to see where it's coming from, what’s coming.”
