Yesterday
It’s tough to make an outsize return in cybersecurity, big funds say
Hack ETF, an index that tracks the performance of the global cybersecurity sector, was up 72 per cent in five years. The S&P500 rose 87 per cent in that time.
- Cecile Lefort
Regal’s Platinum play grants Phil King a $29b hedge fund empire
Embattled fund manager Platinum Asset Management appears open to talks with Regal Partners, which wants to buy the global equities manager in a share-based deal.
- Jonathan Shapiro
- Opinion
- Chanticleer
Make Platinum great again: Inside Regal’s rescue mission
Platinum has been in decline for a decade. Phil King’s Regal is hot property. This is a deal that speaks to the shifting fortunes of Australia’s funds management sector.
- James Thomson
This Month
Phil King’s Regal homes in on biggest M&A target to date: Platinum
Founded by billionaire stockpicker Kerr Neilson three decades ago, Platinum has been in a world of pain as investors have pulled money amid poor returns.
- Sarah Thompson, Kanika Sood and Emma Rapaport
‘No sacred cows’: Star Entertainment shareholder demands fire sale
Wilson Asset Management’s John Ayoub is demanding the troubled casino operator sell assets and return cash to investors “in one form or another”.
- Joshua Peach
- Opinion
- Chanticleer
How brokers made the ultimate wrong call on CBA
CBA’s share price could be Australia’s capital markets story of the year. Crossing $145 last week prompted some of the doubters to retest their theses.
- Anthony Macdonald
- Opinion
- Sharemarket
Worried about another sell-off? Time to reframe how you view risk
Conventional wisdom teaches us that greater risk can lead to greater returns, but the concept of risk itself remains poorly understood by most.
- Arian Neiron
Where to invest as bank hybrids disappear
Investors have enjoyed juicy yields on bank hybrids but will need to find alternatives after APRA announced the securities would be phased out by 2032.
- Jonathan Shapiro
Here’s a stock that’s doubled in value and has further to run
Tura Capital’s Oliver Attwater says there are huge returns to be made in global small and mid-cap stocks – if you know where to look. Like in appliances and commercial kitchens.
- Sarah Jones
- Opinion
- Chanticleer
ASX investors are stuck between a rock, CBA at $143, and a hard place
CBA shares above $140 and China’s wobbles have sent investors heading towards the ASX’s third bucket: industrials. That puts their management teams under pressure.
- Anthony Macdonald
The Wellcome Trust’s Nick Moakes made a 100-year bet. It’s paying off
The chief investment officer of the huge charitable fund raised almost $3 billion at ultra-low rates. Sometimes the long view can be the most profitable.
- Jonathan Shapiro
- Opinion
- Investing
The Future Fund’s big hedge fund bets are paying off
In a horror year for active funds management, the $225 billion sovereign wealth fund has made a big bet on stock picking – and the results are looking good.
- Updated
- Jonathan Shapiro
Future Fund warns investing only getting harder from here
The Future Fund’s assets stand just shy of $225 billion after it delivered a 9.1 per cent return over the past financial year.
- Jonathan Shapiro
Perennial PM partners with SEEK Investments exec for new growth fund
Street Talk understands Ryan Sohn has departed the fund he helped co-found and is set to strike out with a shop of his own.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Andrew Lockhart’s Metrics seeks $300m for new multi-strategy LIT
It’s an ambitious return target, and the sales pitch says Metrics will invest in commercial real estate deals to turn it into reality.
- Sarah Thompson, Kanika Sood and Emma Rapaport
When bigger is not better: meet the fundies going it alone
As the investment giants grapple with rising costs and dwindling assets, there’s a band of ultra boutique firms that have sprung up and are making waves.
- Joanne Tran
Grumpy about Accel-KKR’s bid, LiveHire investor courts rival bidders
Unhappy with Accel-KKR’s bid for LiveHire, M&A arbitrage fund Harvest Lane is shopping 18.31 per cent stake in the HR software business to rival bidders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
August
Why this beaten up beauty stock could pay off handsomely
Ex-Magellan stock-picker Kris Webster explains why he’s betting on a rebound in the US beauty industry and a stock that has slumped more than 30 per cent since March.
- Joanne Tran
Platinum profit falls as funds flee on performance
The investment manager blamed poor performance for shrinking inflows, but said “green shoots” were coming through on investment returns.
- Jonathan Shapiro and Joshua Peach
NAOS shaves down stake in COG Financial Services; Morgans on ticket
Street Talk spotted a big line trade on Thursday morning representing 13.5 per cent of the ASX-listed company via stockbroker Morgans.
- Sarah Thompson, Kanika Sood and Emma Rapaport
