Dual Momentum Fund founder Greg Jude on a mission to attract more investors

Greg Jude at his Cottesloe office where he runs The Dual Momentum Fund
Greg Jude at his Cottesloe office where he runs The Dual Momentum Fund

COTTESLOE fund manager Greg Jude has a simple concept for making money from the share market – “hold things that go up in price”.

The former engineer established Meme Capital Management about five years ago and changed the name to The Dual Momentum Fund in April this year when he expanded to invest in global markets.

He also moved the business from his home office in Mosman Park to a space in Cottesloe.

The recent changes are part of Mr Jude’s bid to boost the fund by adding to his 50 wholesale investors and eventually becoming a retail investment fund.

He admits that the process he uses to buy is unique, but it works.

“As an engineer I started with a blank piece of paper and asked myself ‘how do you make money out of the share market?’,” Mr Jude said.

“You make money by holding things that go up in price.

“I’ve devised a way to analyse the share market so I can identify those stocks that are increasing in price over long term time frames.

“I’m analysing trends… sustainable movements of price in an upward movement.”

Mr Jude said typical fund managers spent a lot of time analysing a business before purchasing shares.

“But if the share price doesn’t go up you don’t make money,” he said.

“There’s a lot (about a company) that I don’t need to know.”

The results speak for themselves.

Mr Jude has achieved an average return on investment of more than 14 per cent per annum since he started and a 22 per cent return in the past 12 months.

He said the fund was his “passion” rather than work and he was sharing it with potential investors via regular seminars.

Visit www.thedualmomentumfund.com.au.