This Month
Regal’s Phil King shorts Tesla and Apple
The star stockpicker says there’s long and short opportunities in the Magnificent Seven, and his fund is playing both sides.
- Joshua Peach
The eight stocks most loved by Australia’s best fund managers
Despite the headwinds, CSL is still loved by the top stock pickers. CBA and BHP are also widely held – but not as widely as expected.
- Joshua Peach
- Opinion
- Opinion
Short selling is no easy way to make money
Short sellers are an ever-present and divisive part of the market. But the path activist investors have chosen to make money is riddled with complexities.
- Jonathan Shapiro
Short selling media company long odds for Australia
Defamation claims, insider trading rules and regulatory pressure make the model likely unviable in Australia, says Bronte Capital’s John Hempton.
- Nick Bonyhady
- Opinion
- Sharemarket
Why investors should ignore the sell-off and stay in the game
While the equity rally may have stalled after a blistering first quarter, the market is just starting a new up-cycle which should be measured in years rather than weeks or months.
- Jun Bei Liu
Why Wall Street banks have got it wrong on lithium
Sydney fund manager Ethical Partners says their own modelling shows the battery metal has moved “rapidly back” into balance after last year’s collapse, that will continue to support prices (and the sharemarket).
- Sarah Jones
Why this US short seller is spooked by Australia
US-based Australian manager Nathan Koppikar says the ASX is too dominated by super funds and investor cliques – and other hedge funds agree.
- Matthew Cranston
Bronte Capital bets big on more companies going insolvent
Founder John Hempton has told investors that its “very secretive” strategy could make up 40 per cent of its book. Some 900 Australian companies collapsed in February.
- Joshua Peach
- Opinion
- Investing
Caledonia’s $9b bet on Zillow hits an activist short seller wall
The hedge fund backed by some of Sydney’s wealthiest families says the real estate portal’s share price could triple by next year. Others think it will halve.
- Jemima Whyte
March
Inside the Queensland family office making 15pc
Meet a mango farmer managing billions who will back anything except private equity.
- Tom Richardson
How to win friends and hustle people
Ashwin Deshmukh is the 38-year-old managing partner of Superiority Burger, one of the most acclaimed restaurants in New York. Some say he is also a thief.
- Joseph Bernstein
- Opinion
- Shares
The market battle over secretive e-commerce play Cettire
There’s smart money on either side of the Cettire trade. But there remain unanswered questions about its closely guarded business model.
- Jonathan Shapiro
This hedge fund is backing bets Citadel and Millennium won’t touch
Multi-strategy hedge funds have swept the globe hoovering up talent into their highly levered investing style, but this New York-based fund can go where they can’t.
- Joshua Peach
Pound’s worst week of the year is upending an $8.4 billion trade
The UK currency hit the skids after the Bank of England laid the groundwork for a shift to interest-rate cuts, torpedoing a view among traders that the central bank would take longer than its peers in Europe and the US to act.
- Naomi Tajitsu
Crispin Odey accused of assaulting a woman just months after acquittal
The alleged incident left her feeling ashamed, her lawyers say. But the hedge fund founder’s representatives say the sexual contact was entirely consensual.
- Jonathan Browning
The ‘junk stock’ rally is heaping pressure on hedge funds
The months-long surge in the ASX 200 has wrong-footed several prominent local hedge funds, with the rally pulling some long-short strategies into the red.
- Joshua Peach
Hedge fund titan Millennium poaches from Jefferies amid Aussie push
Millennium Management, the $US62.2 billion hedge fund founded in New York by Izzy Englander, is set to add another investor to its swelling Australian team.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ASX caught in billion-dollar short squeeze as hedge funds shuffle bets
Portfolio managers exited almost $1 billion in short bets against some of the ASX’s most beaten-up stocks, likely adding to a surge in volatility in February.
- Joshua Peach
Hearts & Minds’ heavyweight board stares down New York hedge fund
Saba Capital, which has previously campaigned against BlackRock in its bid to change funds, has bought up some 10 per cent of the ASX-listed philanthropy vehicle.
- Jonathan Shapiro and Joshua Peach
Greg Coffey in talks to create $20b hedge fund firm
The Australian executive’s moves to acquire emerging-markets focused Emso Asset Management comes as investment groups seek scale amid eroding margins.
- Nishant Kumar
