Private credit critics ‘miss the point’
Australian investors want more exposure to private markets, even as warnings rise. Hamilton Lane boss Juan Delgado says low default rates show the strength of private credit.
Australian investors want more exposure to private markets, even as warnings rise. Hamilton Lane boss Juan Delgado says low default rates show the strength of private credit.
Financial advisers are incensed at eye-watering bills to compensate victims of poor advice, and want an overhaul of the scheme.
Magellan’s shares are down 10pc as investors weigh margin compression and lower management fees, but the firm talks up its partnerships.
Among concerns for investors are heightened competition in mortgages and deposits crimping margins, and for NAB, the fact that arrears are still rising.
The financial services company says rate cuts could see investors shift asset preferences.
Failed advice firm United Global Capital recommended clients invest in the now-suspended First Guardian funds.
The regional lender increased deposits and home lending well above its peers over the six months to December 31, but it came at a cost.
Unions would be forced to pay millions of dollars for risk reserves in industry super funds under a proposed shake-up of governance standards.
The insurer’s interim net profit jumped 90 per cent in the first half, but investors are more concerned about the premium outlook.
A loosening of lending rules to make it easier for Australians with student debts to get a mortgage risk driving housing prices even higher and could force young people to take on more debt, economists warn.
Original URL: https://www.theaustralian.com.au/author/cliona-odowd/page/5