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Hedge funds

Yesterday

Adelaide businessman Ed Peter is restructuring part of his business empire.

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
Campbell Chambers, founder and chief investment officer of Rushmont Capital Management.

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

The People’s Bank of China. Billionaire David Tepper is buying “everything” China-related.

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 listed on the ASX in June this year.

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
Regal’s Phil King.

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
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Cettire has spent most of the year battling to convince investors of the merits of its drop-shipping business model for luxury goods.

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
Phil King’s Regal Funds is a big player in Australian deals. A recent block trade shows us how.

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 Funds Management healthcare portfolio manager Craig Collie has gone off on his own.

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
New York Mets owner Steve Cohen.

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
Software companies have been an outlier in the world of roll-ups – they seem to actually work.

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
Mineral Resources boss Chris Ellison has reined in spending, but will it be enough to ride out the tough times?

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
Ben Brazil of FitzWalter Capital

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
Nick Moakes is the chief investment officer at the Wellcome Trust, one of the biggest philanthropic endowments in the world.

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
The Future Fund’s CIO, Ben Samild.

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
Hedge funds have been forced to adjust their short selling strategies after a number of surprise rallies in earnings season.

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
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Cettire chief executive Dean Mintz earlier this year. He rarely makes public appearances or speak to media.

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
Raphael Arndt and Greg Combet.

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
GCQ chief investment officer Doug Tynan has been following real estate platforms for years.

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 was valued at almost $2 billion earlier this year. Its current market capitalisation is less than $450 million.

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, billionaire and founder of Bridgewater Associates, plans to create an AI version of himself.

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

Original URL: https://www.afr.com/topic/hedge-funds-huk