Yesterday
- Opinion
- Investing
Making sense of the December market madness
Equities are on fire and Australian investors are enjoying a broad-based rally in stocks that may just be getting started.
This Month
Zip raises $150m corporate loans at 15pc
The buy now, pay later company says it has refinanced its corporate loan, the latest in a long-running effort to clean up its balance sheet.
BHP at $100, shorting banks, Qantas chaos: the best of Monday Fundie
From Regal to Ellerston Capital and Morningstar, the 48 fund managers profiled by the Financial Review were early, wrong and on the money in 2023.
Wilson claims $5.6m of Bolton’s Magellan profits ‘unaccounted for’
Geoff Wilson’s lawyers are demanding more information about how activist Nick Bolton has allocated the profits from his Magellan options raid.
- Opinion
- Private equity
Why Wall Street’s alternative asset managers are singing
Wall Street’s biggest thing since private equity is celebrating a breakout year for the new money spinners. It may be justified, but history suggests trouble ahead.
- Updated
ASIC, Blumenthal strike settlement two years after raids
The stockbroker has agreed to a five-year ban but gets to keep his business, after the regulator’s probes into market rigging.
- Analysis
- Sharemarket
Bears run for cover as Powell sparks risk on rally
The market is celebrating the clearest signal yet out of the US that we’ve reached a peak in interest rates. But closer to home there are more ominous signs.
Soul Patts ups Perpetual stake to 14.99pc
The increase comes less than a week after the Millner family’s listed investment vehicle bid to break up the storied fund manager was made public.
New Platinum CEO Jeff Peters confident of turnaround
Platinum has bet against the US sharemarket, but is now backing a US funds management executive to turn it around.
- Opinion
- Investing
The many sins of Australia’s listed fund managers are now in the open
The ASX’s investment firms are paid to work out when managements are engaging in the illusion of value creation. It turns out they are the biggest culprits.
How to get (nearly) 10 per cent with the least risk
Amid a push to open up private markets to smaller and less sophisticated investors, fixed income-type opportunities are being advertised with returns north of 10 per cent. Here’s what investors need to know.
Soul Patts ‘low-ball’ Perpetual bid likely to spark other offers
The prospect of a demerger may finally solve Perpetual’s valuation problem, say analysts, as the company’s stock jumped on takeover talk.
Activist Bolton triumphs as Magellan pays out option holders
Magellan will spend $65 million buying out options in an emphatic win for Nick Bolton against the global equities manager.
- Updated
- Mergers & acquisitions
Perpetual rejects Soul Patts’ $3b bid
Perpetual has rejected the $3 billion proposal saying it “materially undervalues” the company’s various businesses.
- Updated
Schroders says Origin Energy assets ‘undervalued’
The head of Australian equities at the $1.3 trillion fund manager says returns in the energy sector will have to increase to attract more capital.
Hedge funds ‘pretty brave’ to short Pilbara Minerals, says CEO
The chief executive of the market’s most shorted stock says hedge funds could get caught out by a swift reversal in the lithium price.
- Opinion
- Hedge funds
Behind the $2b bet against the ASX’s favourite lithium stock
It’s retail investors and the nation’s largest super funds versus the hedge funds in a multibillion-dollar wager on the future of the coveted metal.
- Updated
AusSuper takes on lithium shorts with Pilbara Minerals stake
Australia’s largest superannuation fund has quietly built up a $558.2 million stake in the most shorted stock on the ASX.
- Opinion
- Investing
What Charlie Munger taught me about life, love and money
Munger compiled a list of 25 common cognitive biases that afflict us, and it makes for a handy guide of mistakes for investors to avoid.
November
EML Payments plunges on strategic review
Shares in EML dived after the company reveals its troubled Irish unit is burning cash.
