This Month
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.
- Jonathan Shapiro and Sarah Jones
Why this Pendal fundie says now is the sweet spot to buy bonds
Amy Xie Patrick has pulled money from stocks and high-grade credit, as history shows the best returns for bonds are made just after central banks stop raising rates.
- Joanne Tran
How Regal is making money in small caps when others are failing
James Sioud is among the youngest portfolio managers in Australia. He works alongside Phil King and Todd Guyot in a fund that is more than beating the market.
- Sarah Jones
November
Why this bond manager is seeing billions of dollars in new money
Anthony Kirkham of Western Asset says investors are finally catching on that there are higher returns to made in Australian investment grade bonds than there is in the sharemarket.
- Cecile Lefort
This $24b global stock picker follows his own style
Royal London’s Peter Rutter has helped build the firm’s investment process around not being boxed into a particular category.
- Jonathan Shapiro
This hedge fund manager is making a 100-year bet on luxury
While much of the market has been fleeing consumer stocks in recent months, Sharif el Khazen has built a career by betting big on brands catering to the top end of the market.
- Updated
- Joshua Peach
Why Chris Kourtis just bought CSL and ResMed
The legendary Australian stock picker has bought into a few well-known ASX names recently, amid a wave of a mis-pricing he’s seeing across the sharemarket.
- Joshua Peach
October
Why this fund manager likes gold, oil and bonds
James Alexander at Nikko Asset likes gold, oil and government bonds but is not so hot about US equities because of their extreme movements.
- Cecile Lefort
This hedge fund shorted Qantas as Joyce was selling
Marcus Hughes followed Alan Joyce’s lead. He shorted the stock, betting the value of Qantas shares would fall. “Whenever an insider sells, we’ll look at shorting a company.” It worked.
- Joanne Tran
How this hedge fund pulled off 2023’s ‘big short’
Ravi Chopra’s Azora Capital successfully shorted all four of the US banks that failed in March and sent financial markets reeling.
- Joshua Peach
Macquarie’s $59b number-crunchers embrace AI to beat the market
Benjamin Leung and Scot Thompson are using advances in artificial intelligence to pick stocks and drive returns that outperform the index.
- Jonathan Shapiro
The RBA is ‘flying blind’ on inflation, says former staffer
The Reserve Bank is “flying blind” on the biggest risk in the inflation equation, the speed of wages growth, warns its former head of domestic markets, Jonathan Kearns.
- Cecile Lefort
September
ClearLife duo primed to pick ASX winners and losers
David Moberley and James McBeath say property and bank stock yields make little sense in a world of higher interest rates.
- Jonathan Shapiro
‘Volatility is opportunity’: why this manager loves shorting stocks
Angela Aldrich bet against Treasury Wine Estates at the top of the market; now the Bayberry Capital founder is preparing to make her next big call.
- Joshua Peach
Small caps a ‘no-brainer’, says Firetrail’s Hodgens
The investment veteran says the smart money should get ahead of the bigger players and buy into small caps that are cheap and primed for growth.
- Jonathan Shapiro
This fund manager has form when it comes to timing the market
Sebastian Mullins, who helps oversee $4 billion in multi-assets for Schroders, says a recession is just around the corner, and if right expect a “big correction”.
- Sarah Jones
August
A bull in a China drop: hunting for value inside a deflating giant
Overseas investors are fleeing China, but this Sydney portfolio manager from Maple-Brown Abbott is buying up.
- Joshua Peach
This bond veteran says investors are too optimistic about inflation
First Sentier’s Tony Togher says central banks will keep raising rates, despite what the market is telling you.
- Cecile Lefort
‘Underdogs are overpriced’: why this sports fan is cheering for value
The hopes and dreams of sports punters is identical to the fear and greed of investors, says a professor who studies them both.
- Joshua Peach
This fund should always beat its benchmark, even 22.59pc
Peter Bates’ Global Select Fund has no excuse to underperform because it’s designed to beat the market in all conditions. The fund returned 30 per cent in FY23.
- Updated
- Alex Gluyas
