Today
- Opinion
- Chanticleer
What we learnt as CEOs meet capital markets kings, queens
It’s been three days of watching CEOs pitch to fund managers and hearing their off-record feedback at Macquarie’s annual conference. Both sides are more upbeat.
- 1 hr ago
- Anthony Macdonald
Investors are set to pile into Australia’s first green bond
European fund managers are backing the federal government’s plans to shed its reputation as a coal polluter, with its $7 billion bond looking well oversubscribed.
- Updated
- Cecile Lefort
Why Rio Tinto is worth more than its $130 price tag
Maple-Brown Abbott’s Emma Pringle is betting the iron ore giant’s share price has more room to run. She’s also bullish on Healius despite a shaky 12 months.
- Joanne Tran
Stock rally ‘too good to be true’, warn CIOs
Investment chiefs say the market looks too expensive given the uncertain economic backdrop and that there’s good reason to be cautious for the rest of this year.
- Joanne Tran
Yesterday
- Opinion
- Chanticleer
How 138-year-old Perpetual came unstuck
It is a sad day for Australian funds management. The Perpetual equities team, which stood up to Woolworths, Crown, Brambles, Ramsay and IAG will have to find a new name.
- Updated
- Anthony Macdonald
Perpetual board faces fiery analyst call as $2.2b KKR deal lands
Oh, to be a fly on the wall at the offices of Washington H. Soul Pattinson!
- Sarah Thompson, Kanika Sood and Emma Rapaport
Australian Unity’s healthcare fund bounces to Perennial
The move should give the fund greater access to private company deal flow via Perennial’s private assets team.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Investors pull money from Wall Street in favour of Asia, Europe
Fund managers are reallocating money away from Wall Street betting that ‘US exceptionalism’ has run its course.
- Ishika Mookerjee, Charlotte Yang and Sagarika Jaisinghani
Perpetual boss looks for exit, KKR takes control in $2.175b deal
The $2.175 billion deal is due to be announced on Wednesday, sources said.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Investing
The succession wisdom of an iconic value investor
Fund manager Richard Pzena has made some tricky decisions during his career. But one he is particularly proud of is to act early on succession: his.
- Updated
- Jonathan Shapiro
Blackstone taps vast source of cash in $1.5trn credit push
Blackstone has been eagerly driving the expansion of the booming multi-trillion dollar private-debt markets. And it’s paying off.
- Dawn Lim and Silas Brown
Vimal Gor lands at Ellerston Capital
Street Talk understands the former Pendal fixed-income veteran has landed at Ashok Jacob’s funds management shop.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Analysis
- Analysis
Berkshire after Buffett: Can his deputies step up?
Ted Weschler and Todd Combs stand to take over a $546 billion portfolio from the world’s best-known investor.
- Updated
- Eric Platt and Patrick Mathurin
April
Pinnacle in talks to back Royal London equities hotshot Peter Rutter
Pinnacle Investment Management is close to snapping up Royal London Asset Management’s high-profile head of equities Peter Rutter, who has just lobbed his resignation, to set up a new funds management house.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Another scalp for Jefferies Australia as Goldman trader jumps ship
Allott and Piercy both worked under Goldman’s former head of equities, Mario Argyrides, who quit just over a week ago.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Stocks trade for 390 minutes a day. But only the final 10 might matter
Assets in passive equity funds have surged to more than $US11.5 trillion in the US alone - pushing more of trading to the closing minutes of the equities session.
- Justina Lee
Perpetual inches closer to KKR deal
The wealth manager is one step closer to breaking up the business after it confirmed talks with KKR that would leave Perpetual solely with asset management.
- Jonathan Shapiro
Regal Private Fund off to a flying start
Around 4 per cent of the fund will now be exposed to the Regal Kilter Water strategy following an Australian Taxation Office tax ruling.
- Sarah Thompson, Kanika Sood and Emma Rapaport
KKR seeks to resolve 11th-hour hurdles ahead of Perpetual break-up
The Perpetual board was eager to update the market at its third quarter update on Wednesday but was body blocked by its advisory team.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Future Fund vindicated by reality of ‘sticky’ inflation
A sharemarket rally, spurred by hopes of rate cuts, has lifted the Future Fund’s portfolio, but it says investors have not adjusted to a higher-for-longer scenario.
- Jonathan Shapiro
