Latest
Emerging markets still a ‘sweet spot’ for investors: T. Rowe Price
The $2 trillion fund manager sees further upside for the region’s equity market as China economic recovery accelerates and inflation eases.
- Alex Gluyas
David Bluff, Carlyle’s PE dealmaker, arrives at the Future Fund
The sovereign wealth fund had $196 billion in assets under management with some $33.2 billion, or 16.9 per cent, in private equity investments.
- Sarah Thompson, Kanika Sood and Emma Rapaport
BlackRock ditches 60/40 portfolio in new regime of high inflation
Investors should rethink traditional asset allocation given the determination of central banks to lift interest rates ever higher to slow inflation.
- Richard Henderson
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This Month
Investors the most bearish on stocks since 2009 crash
A net 63pc of participants in the monthly Bank of America fund manager survey now expect a weaker economy, the most pessimistic reading since December 2022.
- Sagarika Jaisinghani and Jessica Menton
PEP Gateway fund-of-funds goes in with Bain, Brookfield and Carlyle
The initial pitch offered little on where the local private equity group would be seeking the deals to sit alongside its own. A new flyer reveals key details.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Soul Patts pours $200m into new Pengana global private credit offering
Telstra’s former M&A boss, Nehemiah Richardson, has come on as chief executive and Citi country treasurer Charles Finkelstein as chief investment officer.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Correction not over, sovereign debt next: First Eagle’s McLennan
First Eagle’s Matthew McLennan has to be “short social acceptance”, and now is one of those times. “The lesson of the late 90s, is that these corrections can take time.”
- Matthew Cranston
How to understand the property market recovery
While investors should never rush, the current window is likely to reward early movers who can get out ahead of the market.
- Richard Wakelin
‘Rates drive everything,’ says AustralianSuper’s $40b bond boss
Katie Dean, the economist turned fund manager, says AustralianSuper’s $40 billion shift into fixed income is just the start of its bond market push.
- Jonathan Shapiro
UniSuper cuts cheque for private debt investor Revolution AM
Bob Sahota and Simon Petris’s private debt investment house has picked up a separately managed mandate from $115 billion superannuation investor UniSuper.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Investors dial up bets for higher Fed, RBA interest rates
The US economy is not slowing quickly enough to stop the Federal Reserve from raising rates next month and lifted expectations of another rate rise in Australia.
- Cecile Lefort
- Opinion
- Chanticleer
Activist turns EML on its head in just five months
It’s astonishing how quickly an activist investor with barely a 10 per cent stake can turn a company’s strategy, board and management team on its head.
- Anthony Macdonald
Regal-backed Kilter Rural hits fundraising trail for $500m farms fund
Pitch desks sent to institutional investors and high-net-worth types last week say it will aim to hit 10 to 12 per cent annualised returns.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Investing
The next Big Short? Why traders are betting against office towers
There are parallels between the 2008 housing crash and the strains in global commercial property. How bad can it get in Australia?
- Jonathan Shapiro
- Market Minds
- Opinion
This ‘grotesque’ policy will force rates below 2pc in a year
The US Federal Reserve will slash rates and its quantitative easing package will morph into something much larger and grotesque over the coming years.
- Vimal Gor
Tailor-made portfolio trend takes on ETFs
“Direct indexing” allows investors to customise their portfolios while still mimicking the market’s performance, but not everyone is a fan.
- Aleks Vickovich
- Opinion
- Chanticleer
Fundies are sitting on winners ahead of confession season frenzy
Australian cash equities turnover is down and fund managers are threatening to sit tight until companies get real about their numbers.
- Anthony Macdonald
Why this fundie expects more mining M&A
Fidelity’s Clare Coleman shares which company is the most undervalued stock in the market, as well as which companies make good takeover targets.
- Joanne Tran
Buffett made $6.8b on these stocks in two years, now he’s buying more
The legendary investor recently increased his stakes in Japanese trading houses Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo after first disclosing the purchases in 2020.
- Hideyuki Sano
Hearts & Minds fund goes unlisted, buys into Guzman y Gomez and Rokt
The late-stage private investments were on the recommendation of TDM Growth Partners – a large shareholder in both unlisted companies.
- Jonathan Shapiro
Platinum reports $223m in March net outflows
Fund manager Platinum says its funds under management rose to $18.6b in March, from $18.5b at the end of February.
- Joanne Tran
Bond vigilantes are back as debt matters again
Central banks sanctioned asset bubbles in real estate, equities and crypto, says Singapore-based hedge fund manager Danny Yong.
- Jonathan Shapiro
- Analysis
- Bonds
Pause for thought: why economists are more hawkish than money markets
The market is convinced the Reserve Bank’s decision to end the fastest tightening cycle in history is over. But economists aren’t quite ready to believe it.
- Jonathan Shapiro
