Yesterday
- Exclusive
- Managed funds
Ed Peter’s Duxton empire in pain as it cuts jobs, sells properties
The former bank executive has built a considerable asset management business with wealthy backers. But tough times have forced it to restructure – and shrink.
- Primrose Riordan and Simon Evans
New York, New York: Regal head of trading strikes out on his own
Rushmont’s senior advisory board includes former Morgan Stanley Australia chief executive Steve Harker.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September
- Opinion
- Sharemarket
The ASX’s ‘switch from hell’ has only just begun
The dominance of the banks over the miners in 2024 has been off the charts. But developments out of Beijing could be the catalyst for a final quarter comeback.
- Jonathan Shapiro
Guzman y Gomez IPO backers sell stake as stock joins ASX 200
The hottest IPO darling in recent memory has rallied hard since listing in June, but a few early investors have taken some money off the table.
- Joshua Peach
Platinum rejects Regal’s takeover on value grounds
Regal Funds offered 0.274 of its own shares for every Platinum Asset Management share plus a special dividend. But that wasn’t enough.
- Jonathan Shapiro
Cettire gets auditor’s tick of approval, adding $247m to valuation
A month after the online luxury retailer delivered unaudited accounts, worrying investors, Grant Thornton have signed off, sending the share price surging.
- Updated
- Jonathan Shapiro, Joshua Peach and Carrie LaFrenz
- Opinion
- Chanticleer
Regal short reveals how hedge funds attack trades
Phil King’s hedge fund is the country’s most active – and the biggest commission payer on the street. And it is still more nimble than many of its rivals.
- Anthony Macdonald
Former Regal healthcare PM hangs up his shingle
Street Talk understands Regal’s healthcare whizz Craig Collie is busy setting up a speciality healthcare fund with former colleague Madusha Dilshan Seneviratna.
- Sarah Thompson, Kanika Sood and Emma Rapaport
How this billionaire ran his hedge fund like a baseball team
Steve Cohen’s decision to step back from trading and focus on running Point72 underlines a redemption since an insider trading scandal.
- Costas Mourselas and Harriet Agnew
- Opinion
- Investing
Want a roll-up play that actually works? Try software, for now
Two billionaires and their companies – Canada’s Constellation and ASX-listed WiseTech – have soared in the past decade. Others worry things are about to turn.
- Updated
- Jonathan Shapiro
- Opinion
- Chanticleer
Hedge funds smell blood, double down on MinRes shorts
The company is uniquely sandwiched between two of the big forces hitting Australia’s resources sector.
- Updated
- Anthony Macdonald
Former Macquarie star bets on private market reckoning
Private equity investor Ben Brazil is ready to swoop on what he thinks will be an imminent wave of distress, and to profit from those who got in over their heads.
- Jonathan Shapiro
The Wellcome Trust’s Nick Moakes made a 100-year bet. It’s paying off
The chief investment officer of the huge charitable fund raised almost $3 billion at ultra-low rates. Sometimes the long view can be the most profitable.
- Jonathan Shapiro
- Opinion
- Investing
The Future Fund’s big hedge fund bets are paying off
In a horror year for active funds management, the $225 billion sovereign wealth fund has made a big bet on stock picking – and the results are looking good.
- Updated
- Jonathan Shapiro
Earnings season surprises shake up ASX short sellers
Fortescue, Woodside Energy and Pro Medicus have topped the list of companies being bet against as hedge funds rework their strategies after reporting season.
- Joshua Peach
Dean Mintz splashes $15.8m on Cettire shares despite audit worries
The luxury fashion retailer’s founder had helped lift the company’s stock by about 50 per cent this week. The end of the spree sent it crashing on Wednesday.
- Jonathan Shapiro and Carrie LaFrenz
Future Fund warns investing only getting harder from here
The Future Fund’s assets stand just shy of $225 billion after it delivered a 9.1 per cent return over the past financial year.
- Jonathan Shapiro
This Australian fund stands to make a motza from REA’s UK interest
GCQ Funds Management, founded by former VGI Partners operator Doug Tynan, is a major investor in the News Corp-backed real estate platform’s target, Rightmove.
- Sarah Thompson, Kanika Sood and Emma Rapaport
August
Cettire auditor fails to sign off on accounts, begins ‘nuanced’ review
The luxury online retailer was a market darling. But its market capitalisation has been slashed amid weaker sales and questions about its business model.
- Jonathan Shapiro and Carrie LaFrenz
Ray Dalio to beta test an AI version of himself
Billionaire Ray Dalio created the world’s biggest hedge fund, now he’s recreating himself with AI to share his principles.
- Tess Bennett