This Month
Investors brace for ASX reality check as ‘confession season’ looms
Fund managers are preparing for a wave of earnings downgrades to hit the bourse next week as companies shift guidance at the Macquarie conference.
Only one thing matters in L1 Capital’s Platinum merger
Unitholders have been pulling funds out of Platinum’s strategies at a rate of knots. L1 Capital founders Mark Landau and Raphael Lamm will be looking to fix that.
Here’s where this early backer of Afterpay is invested now
Resolution Capital’s Sarah Lau says the ASX is an infrastructure desert, names some overseas stock bets and explains why she is backing nuclear.
Phil King’s Regal successfully bets against Tesla, Nvidia
The high-profile hedge fund said it took positions against the two American tech giants, and benefited from a big price slide during the first quarter.
How Australia’s best small-cap fund got its 39.6pc return
In a rare feat, Ophir has beaten rivals over every time frame in the past decade, according to Mercer. Ausbil and Firetrail rounded out the top three.
L1 Capital buys Kerr Neilson’s Platinum stake, proposes merger
The future of the global equities investment house had been up in the air after rival firm Regal Partners pulled its own takeover offer late last year.
April
We’ve weathered worse, and we’ll turn the ship around – I would know
Veteran investor Peter Cooper says his billion-dollar fund management firm has learnt from hard lessons and honest observations – and his performance speaks for itself.
Brookfield lifts the lid on $3b La Trobe’s riches; roadshow commences
The business has been pitched as “highly profitable” with EBITDA margins of 71 per cent and a return-on-equity of greater than 70 per cent.
Matt Tripp’s Betr prepares equity raising to bankroll PointsBet bid
Sources said Betr’s bid was largely unchanged, but the raising would mean the target board can no longer claim “funding uncertainty”.
Macquarie joins stampede away from stocks and bonds investing
Macquarie Asset Management will hive off $285 billion in public assets in North America and Europe and sell to a Japanese financial giant.
Perpetual dividend under threat after clients pull $9b in three months
Things have gone from bad to worse for the wealth manager as its share price sinks to a 25-year low and analysts say balance sheet repair is required.
Peter Cooper overhauls $6b local equities fund after years of losses
The veteran stockpicker has told staff he will be directly involved in his firm’s main vehicle, getting rid of some managers to stop long-term underperformance.
Clayton Larcombe respawns as a Middle East AI investor
The former Sydney funds manager landed on the cover of CEO Middle East magazine to launch his new career.
Eight ideas on how to play a roller-coaster sharemarket
Uncertainty abounds – will global tariffs make a return? How far will a China trade war go? But some of our biggest investors are seeing big opportunities.
Market rout hits $97b and investors fear there are billions more to go
Brokers and fund managers said the Trump administration’s tariffs were threatening to turn into a full-blown economic crisis as global markets plunged.
ASX braces for capitulation after $9trn wiped from Wall Street
The country’s major asset managers and hedge funds will suffer historically large losses when the market opens, compounding a difficult year with poor returns.
With global markets in turmoil, big super faces an epic stress test
The major funds will get a chance to prove they can handle the turbulence. But the financial system’s vulnerabilities have shifted from banks to pensions.
Singapore’s GIC to acquire $1b-plus stake in NSW’s Transgrid
UTA’s sale has played out in parallel with fellow shareholder OMERS’ negotiations to sell a 19.99 per cent stake, acquired for $2 billion-plus in 2020, to the Future Fund.
What bond managers expect from Trump’s tariffs
Australian bonds may be stuck in the middle of Trump’s trade war, but some fund managers expect the deteriorating growth outlook to spur a rally in bonds.
KKR corrects a correction
It took KKR three tries to clear up the mess it made of its own ASX announcements.