September 2020
- Opinion
- Chanticleer
LIC sector's great consolidation
LICs appeal to Australian investors wanting reliable fully franked dividends. But many traded at a discount to net tangible assets which has prompted widespread rationalisation.
- Tony Boyd
August 2020
In ALF fight, BT alumni turn on Justin Braitling
Having overhauled one of Watermark's LICs, ex-BT chief Rob Ferguson is now gunning for another.
- Myriam Robin
Shareholders take aim at LIC ALF's board
There's another listed investment company keeping fund manager Geoff Wilson busy.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
March 2020
- Opinion
- Chanticleer
The hedge fund that defies logic
Investing for the long term and selling short challenged companies has preserved shareholders' capital in the ALF. But its share price performance is anything but rational.
- Tony Boyd
Wilson bites back at ALF agitator
Geoff Wilson has hit back at Rothschild's David Kingston.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
February 2020
Pen pals: David Kingston takes on Geoff Wilson over ALF LIC
It's a battle of David versus the local goliath of the world of listed investment companies.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
January 2020
The curious case of the LIC and Geoff Wilson's juicy fee
There's no hotter topic in equity markets right now than underperforming listed investment companies.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
November 2019
Australian Leaders LIC threatens to scrap buyback
Watermark-managed listed investment company has indicated that its buyback may not go ahead if shareholders vote against the re-election of directors.
- Sarah Turner
October 2016
Prospectus in for Watermark Funds Management's new $150m LIC
Former Hayberry Investments hedge fund manager Rohan Hedley will chair Watermark Funds Management's new listed investment company, Watermark Global Leaders Fund Ltd.
- Updated
- Edited by Sarah Thompson, Anthony Macdonald and Joyce Moullakis
August 2014
ALF posts 75pc profit rise and moves out of equities
Australian Leaders Fund will post a 75 per cent rise in profits to $40.8 million for the year to June 30, as the listed hedge fund parks a chunk of its investments in cash to shield investors from a potential market crash.
- Ruth Liew
April 2014
Five criteria to tick for quality investments
Chanticleer | Investors have good reason to be confused after a week that saw the seeds of a bearish rout in technology stocks, a bullish $2.1 billion bid for David Jones, and a shock profit warning from Coca-Cola Amatil.
- Updated
- Tony Boyd
February 2011
Financial Services briefs
Bell Financial Group director Brent Potts has sold 3,990,692 ordinary shares in the company at $1.03 apiece, reaping $4.1 million.
- Updated
January 2010
August 2009
Briefs
ANZ taps RBS talent Australia and New Zealand Banking Group has announced its executive team to run the Asian bank operations it acquired earlier this month from Royal Bank of Scotland
- Matthew Drummond and Jane Searle
February 2009
Briefs
Facility extended HFA Holdings said its financier had agreed to extend its loan facility to 2011 on new terms, provided documentation is completed by March 20
- Jane Searle
March 1998
Asia crisis dents profits of Australand investor
Developer Australand Ltd's major shareholder, DBS Land Ltd, announced a 12 per cent fall in its 1997 profit before a charge as it set aside money for a possible fall in the value of its properties. The result was worse than analysts expected.