Riding the wave: this Regal-backed fund is betting big on water

Kilter Rural’s Euan Friday predicts water prices will rocket 300 per cent this year, after huge government intervention and the weather dries up.

Cecile LefortMarkets reporter

Jun 17, 2024 – 5.00am

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After years of relentless rain in Australia, fund manager Euan Friday is buying up water rights in the south-east of the country.

He’s betting big ahead of an expected surge in water prices thanks to higher demand from farmers and huge government market intervention.

Cecile Lefort is a markets reporter based in the Sydney newsroom. Email Cecile at cecile.lefort@afr.com

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