June 2024
- Exclusive
- AI
Aussie brothers’ AI firm worth $120m as big name backers invest
Melbourne-based Affinda has built AI-based software used by numerous big companies around the world, it has doubled its valuation in 18 months with well-known investors.
- Paul Smith
May 2024
Ellerston, Tattarang-backed private fintech bags new CEO
Andrew Baines will join Azupay on Monday as Ellerston Capital and Tattarang plot how to help the payments start-up grow with an eye on an exit.
- Tom Richardson
$100m Sydney fintech raises $34m to take on global rivals
Ellerston Capital has taken a stake in digital identity and verification player Data Zoo, in a deal that values the Sydney-founded business north of $100m.
- Tess Bennett
November 2023
Why Chris Kourtis just bought CSL and ResMed
The legendary Australian stock picker has bought into a few well-known ASX names recently, amid a wave of a mis-pricing he’s seeing across the sharemarket.
- Joshua Peach
June 2023
Gloves off! Ellerston’s last-standing LIC targeted by M&A arb fund
“Our concerns have solidified following a recent informal discussion between myself and [Morphic Ethical] chairman Jack Lowenstein...” the letter reads.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September 2021
- Exclusive
- Capital raising
Tech unicorn bides its time with IPO after raising $100m
Billion-dollar valued hotel software platform SiteMinder has banked a big-money funding round, with Fidelity joining its roster of heavyweight backers as an IPO looms.
- Paul Smith
September 2020
- Exclusive
- Advertising
Former Citi banker Chris Knoblanche named Hipages chairman
Sources told The Australian Financial Review that Hipages went to seek approval from shareholders for a 'liquidity event' last month.
- Max Mason
August 2020
ASX gains 0.7pc; BHP soars 4.9pc on iron ore, oil rally
The S&P/ASX200 Index gained 40.9 points, or 0.7 per cent, to 6042.2 points as BHP enjoyed its biggest single day gain since May 19. The miner is trading at its highest since January 24. ResMed slumped 7.4 per cent on ventilator demand warning. Scentre fell 2.3 per cent after warning of a 10 per cent hit to valuations.
- Robert Guy, Vesna Poljak, William McInnes, Luke Housego and Tom Richardson
June 2020
ASX surges 3.9pc; Trump eyes $US1trn stimulus
The ASX had its biggest day in two months as recovery hopes sparked a rush back into banks and blue chips. Trump plans $US1 trillion infrastructure spend as Fed expands its corporate bond buying program.
- Robert Guy, Sarah Turner, William McInnes, Luke Housego and Tom Richardson
May 2020
Ellerston Global tips 5G as tech's next growth frontier
Portfolio manager Bill Pridham named multiple global companies he expects to be big winners from the structural shift to 5G technology.
- Tom Richardson
December 2019
Ellerston fund buys 35pc stake in tech group CAMMS
Ex Aristocrat Leisure CEO Jamie Odell liked what he saw at a software provider growing at 35 per cent annually, which is now in the same fund as Tyro Payments.
- Simon Evans
November 2019
The big discount danger of LICs
If $1 of assets is available for 80¢ in a listed investment company, is it a massive buying opportunity or a sign that times have changed?
- Tony Featherstone
Ellerston Global LIC to convert to a trust
Ashok Jacob's decision will allow investors to cash out of the fund at the underlying value of the assets.
- Sarah Turner and Jemima Whyte
June 2019
Ellerston Capital's global macro fund joins the list of casualties
Ellerston Capital is understood to be winding up its global macro and returning capital to investors.
- Sarah Thompson and Anthony Macdonald
April 2018
MDL investors seek higher bid from French suitor
Some of Australia's best known investors will seek a higher price from French giant Eramet before they part with all of their shares in takeover target Mineral Deposits (MDL).
- Updated
- Peter Ker
April 2016
Mind the gaap this earnings season
Interest rates are low and money is cheap, but if companies can't grow, just how long can they borrow to buy back their shares? Eventually the strategy has to come to an end.
- Updated
- Philip Baker
February 2016
Global investment vehicles: how the game has changed and why you can’t afford to stay at home
Gloomy economic conditions at home means its high time to review the latest platforms for investing internationally.
- Updated
- Matthew Smith
January 2016
More global LICs needed to satisfy investor demand in 2016
Listed investment companies may launch more global funds this new year as jittery investors ramp up demand for international exposure.
- Updated
- Ruth Liew