Hard to win if everyone's on the same trade
There's a problem that's starting to hurt the performance of some hedge funds: The overcrowded trade.
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UBS nabs $770m mandate for PEP
Investment bank UBS has secured the mandate to explore options for Pacific Equity Partners' stake in Link Group, sources said.
Ditch super reforms? They can't be serious
If Malcolm Turnbull and Scott Morrison cannot see off the ginger group opposing their super reforms, they really don't deserve their jobs.
NZ dollar slumps on signs of urgent rate cut
New Zealand's central bank will issue an unscheduled assessment of the economy, prompting traders to bet on an interest-rate cut in August.
Banks help offset energy sell-off
The ASX extended its winning run to six straight sessions, with the benchmark top 200 index topping 5400 points for the first time since May.
'No pokies' crowd name their price
Crossbench MPs say they are in talks with the Greens to push for $1 maximum bets on pokies and a ban on sports betting advertising during G-...
Moody's warns banks on wages risk
Weak growth in wages could make it harder for borrowers to service their mortages, credit rating agency Moody's has warned.
Treasury Wines jumps on China outlook
Treasury Wine Estate could boost its margins from 14 per cent to almost 20 per cent by 2020, says JP Morgan.
Where to find property gold in inner-city suburbs
Solid gold has been found in inner-city laneways and even in middle suburbia.
Jobless rate edges up to 5.8 pc in June
Wages growth is set to remain weak as the labour market continues to tread water, with hiring only just keeping pace with population growth,...
