Yesterday
Traders finger ‘pre-hedging’ in ANZ bond probe
Fixed income traders say pre-hedging is “a grey area” riddled with inherent conflicts of interest. ASIC has already targeted Westpac over the practice in swap markets.
- James Eyers and Cecile Lefort
This Month
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.
- Jonathan Shapiro and Zoe Samios
April
Metrics Income Opportunities Trust hires six brokers for raise
The broker syndicate included Taylor Collison, Morgan’s, Ord Minnett, Wilsons, E&P and Canaccord Genuity.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Investors need to turn detective in the hunt for interest rate pain
Several sectors on the ASX have surged on the prospect of rate cuts that aren’t coming any time soon. It’s time for investors to reassess.
- James Thomson
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.
- Jonathan Shapiro and Cecile Lefort
March
Revolution AM starts pounding the pavement for new Kiwi fund
Revolution has 14 per cent or about $300 million of its $2.2 billion Fund II ploughed into New Zealand companies – and sees room to go up to 20 per cent.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Kapstream Capital pounds the pavement with new fund
Prospective investors are being told warehousing is a growing part of the local private debt market - and Kapstream would be the first to set up a dedicated fund to make the most of the opportunity.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Colonial First State strikes deal with Fortlake Asset Management
The partnership is expected to mean Fortlake’s funds show up in CFS’s universe of retirement and wealth products.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Rate cuts are coming. Here’s what retiree investors can do
Once interest rates start to fall, the cash and term deposits that make up large portions of Australian retirees’ portfolios will deliver a little less. Here’s what to think about.
- Tom Richardson
February
Buffett admits Berkshire’s days of ‘eye-popping’ gains are over
In his latest letter to shareholders, the legendary investor says there are only a handful of companies capable of moving the needle at Berkshire.
- Eric Platt
- Opinion
- Investing
Grand predictions of credit market distress confound the bears
The corporate debt markets are just as jubilant as sharemarkets. But will it stay that way if interest rates remain high?
- Jonathan Shapiro
Gor and team exit crypto advisor Trovio
Street Talk understands the ex-Pendal fixed-income industry head left Trovio late last year, taking his five-person team with him.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Jamieson Coote Bonds’ global funds cop Zenith downgrade
“Zenith’s conviction in each fund has lowered as the team struggles to generate unique global insights and excess returns outside the domestic market,” it says.
- Sarah Thompson, Kanika Sood and Emma Rapaport
January
Fourth quarter equities rally boosts Future Fund returns
The Future Fund benefited from a strong fourth quarter for markets as assets swelled to $211.9 billion. But outgoing chairman Peter Costello is cautious.
- Updated
- Jonathan Shapiro
December 2023
- 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
Why this Pendal fundie says now is the sweet spot to buy bonds
Amy Xie Patrick has pulled money from stocks and high-grade credit, as history shows the best returns for bonds are made just after central banks stop raising rates.
- Joanne Tran
October 2023
- Analysis
- Hybrids
Judo belts out record margin for hybrid capital
Judo’s new hybrid offer is paying a generous interest rate of more than 10 per cent. That has investors equally excited and concerned.
- Jonathan Shapiro
Investors think these ETFs are a ‘no brainer’ right now
Cash, technology and uranium exchange-traded funds (ETFs) were among the most popular and best performing of the past year, while renewable energy ETFs bombed.
- Joanna Mather
Bond market wrong to call for rate cuts: Macfarlane
The former RBA governor says he’s firmly in the higher for longer camp on interest rates even though the state of the Australian economy is puzzling.
- Jonathan Shapiro
Stocks to suffer in new regime of higher bond yields
Citi’s macro strategist Jim McCormick says markets have changed forever, and while it will be dramatic, it won’t all be bad.
- Jonathan Shapiro
