I am the captain now1/8/2024 ![]() He says the unique challenge athletes face is they often earn their largest salaries early in their career which is the opposite to most other professions where wages build gradually. It’s a scenario which he says is all too common among athletes, with many finishing their sporting career with little, or even nothing, to show for it financially. While Trengove now has his own money invested in the fund, he reflects on his days as an AFL player and wishes he’d sacrificed a couple of match payments early in his career to put into an equity fund. “In both professions, you’re accountable to the results you generate, which I really enjoy, and you’re only as good as the work you’ve put in.” “There are so many others out there trying to find compelling stocks to invest in and so you’re judged on a monthly basis, like in football, where you’re judged on a weekly basis. ![]() “We sit here very bullish and skipping into work every day because as sad as it sounds, there is a bit of blood on the street and there are companies that have dropped 50, 60, 90 per cent in value over the past six months,” he says. While Trengove acknowledges that value investing has been out of favour over the past 10 years, he believes this year’s sell-off across equity markets has thrown up some attractive opportunities. Trengove with Melbourne premiership captain Max Gawn after the club won the AFL grand final last year. Trengove’s close friend Max Gawn, Melbourne’s premiership captain, is one of more than 100 athletes and sporting organisations with money in the fund. Investors in the fund span numerous sporting codes, from AFL and soccer, to cricket, golf and the Olympics. It typically holds about 15 to 20 stocks, and can also hold high levels of cash. Trengove describes the portfolio, which invests in both domestic and international equities, as a “best ideas fund” because he’s able to cherry-pick ideas from Lanyon’s Australian and global portfolios. Having noticed during his AFL career that professional athletes were reluctant to invest their large salaries in equities, Trengove pitched the idea of a fund solely focused on professional athletes and sporting organisations to Lanyon’s founder, David Prescott. Meanwhile, on his only day off, he pursued his interest in financial markets at Adelaide-based value manager Lanyon Asset Management. “That injury made me look forward and think about what I would do if my career ended tomorrow.”Īfter eight years at Melbourne – during which he chipped away at a commerce degree part-time – Trengove moved to Port Adelaide, where he played just three games over two more years. From the start of 2014 to the end of the 2017 season, he played just seven AFL matches.īut “it was the greatest thing that ever happened to me though because I had fallen into a habit of just rolling into the footy club and thinking my career will go for 15 years, and I’ll earn good money which will set me up for life,” he says.
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