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Managed funds

Today

MA Financial co-CEO Chris Wyke and Frank Danieli, MA’s head of credit investments.

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

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
Magellan co-founder Chris Mackay is expanding his MFF Capital Investments

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
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

Rob Adams.

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
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Northcape Capital’s Fleur Wright is speaking at the Sohn Hearts & Mind Conference in Adelaide this year.

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
PAC Capital owner Clayton Larcombe at the Piccolo Me Cafe on Macquarie Street in July 2023.

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
Michael Alscher, Crescent Capital.

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, chairman and chief investment officer of GQG Partners, which has been fined by the SEC over its non-disclosure agreements.

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 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
Soul Patts’ Todd Barlow and Brendan O’Dean have bought and sold more than $10 billion of investments in the past three years.

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
Kerr Neilson, Platinum’s co-founder, is the kingmaker with a 21.65 per cent stake.

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
Andrew Formica’s new recruit at Magellan, Sophia Rahmani.

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
The two biggest industry super funds now account for well over half of all new retirement savings.

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
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
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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
Phil King, a former Macquarie sell-side analyst, has turned Regal into a key element in Australia’s equity markets.

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
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
The Chanticleer podcast features James Thomson and Anthony Macdonald.

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.

Original URL: https://www.afr.com/topic/managed-funds-hon