Today
MA Money launches $500m RMBS deal
The deal comes a year after MA Money made its first securitisation, then the largest inaugural non-bank RMBS by a lender in Australia’s history.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
- Exclusive
- Hedge 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
Chris Mackay buys Montaka, outlines Magellan-like vision
The Magellan Financial Group’s co-founder is roping a new manager into his $2 billion investment vehicle and his expectations are high.
- Joshua Peach
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
Perpetual faces investor backlash over bonuses with ‘no justification’
Proxy advisory firm Institutional Shareholder Services, which had previously been supportive of the fund manager, is urging a vote against executive pay and board members.
- Jonathan Shapiro
Missed out on Nvidia and Ozempic? This fundie says it’s never too late
Northcape Capital’s Fleur Wright may have missed out in the early AI and GLP-1 investor frenzy, but she made other good calls that were perfectly timed.
- Sarah Jones
Clayton Larcombe sells majority stake in Clearwater PM
Sources said Larcombe sold to TEB after quietly soliciting buyers for the business earlier this year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Buyout maverick Crescent Capital shakes up private equity
One of Australia’s most successful private equity firms, Crescent Capital, like its founder Michael Alscher, is happiest operating below the radar.
- Updated
- Anthony Macdonald
Rajiv Jain’s GQG cops $725,000 fine for muzzling would-be whistleblowers
US regulator hauls up the fund management giant for violating whistleblower protections by making staff sign overly restrictive non-disclosure agreements.
- Joshua Peach
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
- Opinion
- Chanticleer
Private credit still best for returns, ‘flexible’ Soul Patts says
Where to put $1 billion when you can invest anywhere? That’s Soul Patts’ job.
- Anthony Macdonald
- Opinion
- Chanticleer
Big dogs go to war for Platinum’s $175m honeypot
If there’s one thing we can be sure of, it is that Platinum’s M&A dance didn’t end on Thursday. Its fee-earning assets under management are too tempting.
- Anthony Macdonald
Magellan head of strategy exits amid internal reshuffle
Of note, Smith led Magellan’s defence strategy when the investment house was grappling with its bete noir, Keybridge Capital’s Nick Bolton.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Superannuation
The country’s two mega funds now attract half of all new super
But the growth of AustralianSuper and Australian Retirement Trust beyond all their other peers could be a “double-edged sword” according to some analysts.
- Jonathan Shapiro and Hannah Wootton
- 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
Regal throws its weight behind ‘takeover target’ Zip Co
The fund manager has built a sizeable position in Zip from its small-cap fund over the past 12 months, starting at about 30¢
- Sarah Thompson, Kanika Sood and Emma Rapaport
Industry veteran builds ‘better’ model to pick ASX winners
Former Credit Suisse alumni John Birkhold has spent years developing a model that undoes traditional ways of investing – he’s now about to turn it on the ASX.
- Joshua Peach
- 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
Regal’s Platinum play | What US cuts mean for the RBA | Will bank shares ever fall?
This week James and Anthony go inside Regal’s bid for Platinum and question the Fed’s call on rates.