Yesterday
Ex Goldman, Rothschild MD leads raise for logistics tech start-up
Sources said David Acton’s Yarra Private Capital Discovery Fund led the round alongside existing investors King River Capital and Jungle Ventures.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Advisory roles shift gears at Perpetual, Luminis scores broader role
Street Talk understands Luminis Partners’ role at the $2.9 billion financial services player has widened out to include broader advisory remit.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Good riddance to Link, an ASX rollercoaster
The company is systemically important to Australia’s superannuation system. But it didn’t always behave that way.
- Anthony Macdonald
- Opinion
- Private equity
Why Wall Street’s alternative asset managers are singing
Wall Street’s biggest thing since private equity is celebrating a breakout year for the new money spinners. It may be justified, but history suggests trouble ahead.
- Updated
- Jonathan Shapiro
- Exclusive
- eSports
PAC Capital owner Clayton Larcombe may have bailed out investors
The former stockbroker may have used personal assets to improve the performance of his esports funds, an unusual but not illegal practice.
- Aaron Patrick
Firetrail bulks up investment team
Street Talk can reveal the Pinnacle boutique has nabbed Peregrine Capital portfolio manager Matthew Thomson.
- Sarah Thompson, Kanika Sood and Emma Rapaport
AustralianSuper allocates $2.3b to private credit fund
The country’s biggest super fund has upped its allocation to the $US1.6 trillion private credit market amid shrinking bank balance sheets and tighter regulation.
- Sharon Klyne
- Opinion
- Chanticleer
Why pretend portfolios are important for investment banks
Running a model portfolio avoids the gut-wrenching risk-on moment that fund managers face every day. Yet, they remain a key engagement tool for stockbrokers.
- Anthony Macdonald
Stockpickers claw back returns in ‘ripsnorting’ relief rally
Several high-profile Australian equity funds, including Chris Kourtis’ at Ellerston, have posted double-digit returns after equities went on a tear last month.
- Joshua Peach
HMC Capital opens back door to Sigma-Chemist Warehouse deal
Street Talk understands about 80 brokers tuned in for a lunchtime briefing from the asset manager on Wednesday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Big tech’s ability to deliver on AI looms over sharemarket
The Magnificent Seven have driven about three quarters of the S&P 500’s gain this year, in a rally that has been stoked by the market’s obsession with artificial intelligence.
- Jeran Wittenstein and Ryan Vlastelica
Angus Aitken backs in Soul Patts’ $3b Perpetual bid
The stockbroker has told his clients to buy Perpetual, saying the deal makes ‘complete sense’ and urges the board to engage with Soul Patts.
- Sarah Thompson, Kanika Sood and Emma Rapaport
New Platinum CEO Jeff Peters confident of turnaround
Platinum has bet against the US sharemarket, but is now backing a US funds management executive to turn it around.
- Jonathan Shapiro
Tom Rice and ‘Arms’ Rosenberg resurface with AI-powered hedge fund
Street Talk understands the pair have teamed up to launch Minotaur Capital Management – a new Sydney-based long-short global equity investment manager.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Investing
The many sins of Australia’s listed fund managers are now in the open
The ASX’s investment firms are paid to work out when managements are engaging in the illusion of value creation. It turns out they are the biggest culprits.
- Jonathan Shapiro
Soul Patts’ Rob Millner squares the circle as he comes for Perpetual
It’s hard to resist the idea that this week’s $3 billion bid for the storied fund manager doesn’t come tinged with some layer of revenge.
- Jemima Whyte
- Opinion
- Opinion
The ‘alpha’ edge: three fund management success stories
With the advent of the $3.5 trillion in compulsory savings via superannuation, Australia has become a breeding ground for some of the best investment talent on the planet.
- Christopher Joye
Barrenjoey star banker jumps back to the buy side
Sources said Dean Fremder will join the investment management boutique Firetrail as an equity analyst in the new year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Soul Patts ‘low-ball’ Perpetual bid likely to spark other offers
The prospect of a demerger may finally solve Perpetual’s valuation problem, say analysts, as the company’s stock jumped on takeover talk.
- Jonathan Shapiro
- Opinion
- Chanticleer
Perpetual bid is a warning for Magellan, Regal and Platinum
Soul Patts’ bid for Perpetual may have been dismissed as too low, but its structure reinforces the challenges facing listed fund managers.
- James Thomson
