This Month
- 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
Star Entertainment debt investor tries offloading stake
At least one lender is feeling nervous after the list of executives leaving Star got bigger, and its shares fell 20 per cent in the past month.
Karoon chairman in activists’ firing line over pay
Sandon wrote to chairman Peter Botten on Wednesday arguing that Karoon’s incentive structure had insufficient regard for shareholder value.
April
Activist funds to push Karoon Energy on dividends
Samuel Terry and Sandon Capital will target the oil and gas producer’s board before May’s annual general meeting and push for more dividend payments.
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.
- Opinion
- Interest rates
How Boomers are busting hopes for rate cuts
Macro commentator James Aitken says interest rates may have to head higher after we underestimated the increasingly powerful wealth effect.
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.
First Sentier shuts fixed income funds, hands back $14b
Once a giant of the Australian fixed income scene, the Mitsubishi UFJ-owned fund manager will close four units that manage $14 billion in a major restructure.
- Opinion
- Investing
ROE, ROIC or ROCE? CEOs only turn to numbers that make them shine
A Senate hearing sparked debate on how best to measure corporate profitability. But this is a deep rabbit hole that divides balance sheet scholars.
Federal Court says Blumenthal market rigging was ‘serious, deliberate’
The stockbroker will be banned from managing companies for five years and pay an $850,000 penalty four months after reaching an agreement with the regulator.
- Analysis
- Supermarket inquiry
What is the true measure of a grocer’s profitability?
There’s solid ground to dismiss Nick McKim’s use of return on equity. But his audience is not wonky accountants – it’s disgruntled punters facing higher bills.
Brokers split on Cettire despite surge in sales this year
Two of the four investment bank analysts following the luxury clothing marketplace have lowered their share price forecasts this year after an update last week.
The biggest market risk you’re probably not thinking about
Insight Investment’s Francesca Fornasari says investors cannot ignore currency markets, especially Australians who are sending billions of dollars overseas.
- Opinion
- Investigation
James Mawhinney’s surveillance game of cat and mouse
While the Financial Review was following James Mawhinney’s investment schemes, it turns out he was trying to follow us.
Surge in Cettire sales fails to win over investors
The embattled online luxury retailer surprised the market with the early release of quarterly sales numbers, but they failed to stir the share price.
Mayfair 101’s James Mawhinney arrested on dishonest conduct charges
The fund promoter appeared in a Melbourne court on Tuesday. His group of companies has already been fined $30 million for misleading and deceptive conduct.
- Updated
- Opinion
- Hedge funds
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.
Cettire admits to tax queries from Texas authorities
But it says that the issue has been resolved. The luxury fashion marketplace has since March been under intense investor scrutiny over its business model.
- Opinion
- Monetary policy
Reserve Bank ponders the market plumbing
The Reserve Bank board is repurposing the financial system as its cheap pandemic funding is flushed out. It’s doing it as financial markets are only too happy to splash the cash.
Cettire shares slide 16pc on Bell Potter downgrade
The company’s house broker said the luxury marketplace would continue to outperform peers, but it would be harder for it to generate high growth.
- Updated
