Yesterday
David Di Pilla’s stealth family takeover of HMC Capital
The extended family of the country’s dealmaking impresario now marshalls more than 20 per cent of the asset manager.
This Month
ASX rally to stall in 2026 as super funds shun Aussie shares
Institutional investors poured $50 billion into the Australian sharemarket in both 2023 and 2024, but just $5 billion in the first half of 2025.
November
Macquarie Capital ends a bad chapter, breaking an unwritten rule
Some investment bankers are mutinous after the unprecedented way an executive director exited the business this week.
RBA rate hikes are coming next year after red-hot inflation
Economists and the bond market have flipped on the outlook for interest rates in 2026 after a “shocker” of an inflation report that wrong-footed everyone.
UBS shops at JPM for real estate research co-head
JPMorgan’s Solomon Zhang has signed on as co-head of real estate research at UBS, replacing outgoing Tom Bodor.
Star Corrs deal maker ‘war gamed’ Mayne Pharma fiasco
The skittled US private equity acquisition of Mayne introduces new risk in the mergers and acquisitions market. So who was pulling the strings?
AI and rate cuts will power global markets in 2026
A combination of AI innovation, fiscal stimulus, and easing monetary policy will likely propel global markets next year.
China flexes muscles in escalation of BHP iron ore ban
Beijing has reportedly broadened its ban on purchases of the mining giant’s ore, raising questions about the future of Australia’s biggest export.
Magellan investigates global equities chief over alleged relationship
The ASX-listed fund manager has launched an internal investigation into Arvid Streimann.
Aldi returns to its private-label roots in drive for profits
Woolworths and Coles’ price premiums to Aldi expanded in November, driven by the German discounter cutting prices across several categories.
Wall Street is unleashing Warren Buffett’s secret weapon
Wall Street’s hedge funds and private asset shops are determined to replicate Warren Buffett by sourcing cheap capital to fund their private credit bets.
Chris Lucas plants his flag in Sydney’s banker hot zone
Melbourne’s foodie freedom fighter got the ideal spot to lure corporate card carriers.
This billionaire’s BNPL model changed the Premier League
Todd Boehly was dismissed as reckless after leading an eye-watering buy-out of Chelsea FC. But the American financier is a man of method, not madness.
Meet the street’s most popular analysts, according to big investors
The poll by Crisil Coalition Greenwich, previously Peter Lee Associates, asks the market’s biggest players which firm they prefer to take their business to.
Wall Street ‘stops sulking’ and makes overtures to Mamdani
Finance titans like Jamie Dimon, Jane Fraser and Bill Ackman are setting aside their scepticism and offering to help the new socialist New York City mayor.
Ex-WiseTech execs speak up; Trump lashes NYC voters; Echoes of GFC
Read everything that’s happened in the news so far today.
UBS chair says this ‘looming systemic risk’ has echoes of GFC
On the same day, investment banking leaders went out of their way to flag a sharemarket pullback and the potential for something much nastier.
TPG buys bus operator Kinetic in $4b-plus deal
TPG Rise and Kinetic exchanged contracts overnight at a valuation in excess of $4 billion.
October
UBS brings in local heavyweights to tally First Brands’ Australia toll
On the case are Vaughan Strawbridge of FTI Consulting and White & Case’s Timothy Sackar, both of Virgin Australia turnaround fame.
David Di Pilla and HMC Capital staring down a nightmare scenario
The dealmaking impresario needs more buyers of his ASX-listed financial conglomerate to prop up the share price.