Fairlight’s newest recruit, Abbey Cook, is betting big on beauty
Joanne TranMarkets reporter
Abbey Cook is Fairlight Asset Management’s newest addition, along with US beauty retail stock Ulta Beauty.
Cook, a fund manager who joined the Sydney-based global equities firm in June last year after almost four years at rival Magellan, has long “admired” the New York-listed mid-cap stock, praising its strong financials including more than 30 per cent return on capital, short payback period and no debt.
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