Yesterday
- Updated
- Private equity
ASIC says opaque private credit funds will face more scrutiny
ASIC chairman Joe Longo says the regulator is setting up dedicated teams to investigate conflicts of interest and asset valuations in the sector.
- Updated
- Aaron Weinman
Is this it for the big tech trade? Funds are divided
The first batch of earnings results from the magnificent seven has failed to lure investors back to a rally that lost steam this month.
- Joshua Peach
Energy and property stocks weigh on ASX; $A drops below US66¢
Shares slip at the closing bell; Perpetual hit with outflows; the Australian dollar extends sell-off as iron ore inches closer to $US100. Follow updates here.
- Timothy Moore, Joanne Tran, Joshua Peach and Sarah Jones
This Month
Junk bond king says Australia could become ‘financier of Asia’
Australia could become a financing powerhouse, says American billionaire and philanthropist Michael Milken.
- Lucy Dean
Traders seek shelter in hard-hit assets on US election twist
Investors are bracing for volatility in the lead-up to the US presidential vote, so emerging market specialists are hiding out in South America and India.
- Carolina Wilson, Vinícius Andrade and Ronojoy Mazumdar
US regulators approve ether ETF in latest crypto milestone
The SEC has signed off on a spot ETF that invests directly in the world’s second-largest cryptocurrency. The digital asset has already jumped 50 per cent this year.
- Emily Graffeo
ASX rises as tech stocks bounce; Woodside hits one-month low
Australian shares open higher. Nvidia, Tesla pace a megacap tech rally. $A hits 1-month low. Copper hits a 3-month low. Follow updates here.
- Updated
- Timothy Moore, Joshua Peach, Sarah Jones and Joanne Tran
- Exclusive
- Private equity
PEP broadens investor access for fund that returned more than 15pc
The private equity firm is opening its Gateway vehicle, which has raised north of $500 million, to New Zealand’s wealthiest families.
- Aaron Weinman
This top fundie used to peel four sacks of potatoes every Friday
Ausbil Investment Management’s Paul Xiradis says it’s at the fish market that he probably got involved in markets, understanding how they’re priced and cleared.
- Sally Patten and Lap Phan
Biden’s exit sends investors rushing to readjust ‘Trump trades’
Traders have poured into gold and are recalibrating their equities positions as a reset of the US presidential election creates uncertainty in the markets.
- Joshua Peach
ASX falls; Insignia rallies 5pc; South32 sinks 13pc
Shares decline at the closing bell; gold and oil rise as US election chaos escalates after Biden drops out; Woodside splashes $1.35 billion on US LNG. Follow here for more.
- Timothy Moore, Joanne Tran, Joshua Peach and Sarah Jones
How to spot a good – or bad – private credit fund
Growth in non-bank lending presents new opportunities for investors. But with higher returns comes added risk.
- Michelle Bowes
M&A arb fund Harvest Lane keeps a ‘blacklist’ of boards to avoid
Investor Luke Cummings has made a name for himself (and money) by trading M&A activity. But one deal that he’s steering clear of is the $8.8 billion Chemist Warehouse and Sigma merger.
- Joanne Tran
US equities drop as selling pressure persists
The S&P 500 posted its worst week since April as investors continue to shift from this year’s winners to its laggards.
- Updated
- Timothy Moore
Chaos across Melbourne as hospitals, airport, supermarkets hit
Shares retreat below 8000 points. APRA relents on Westpac. Lifestyle Communities pulls guidance. Netflix’s profit surges. ECB holds rates. Copper, gold, oil fall. Follow here.
- Updated
- Timothy Moore, Tom Richardson, Joanne Tran and Joshua Peach
ASX small caps miss out on ‘Great Rotation’ on rate worries
The gains in US small caps have further to run, say strategists, but Aussie investors shouldn’t hold their breath for a knock-on rally closer to home.
- Joshua Peach
Has the CBA share price peaked?
After the Commonwealth Bank’s latest record, analysts and fund managers are wondering whether the hyper-rally in bank stocks can be sustained.
- James Eyers
- Exclusive
- Rich Bosses
The secrets to becoming a rich boss
There are good reasons why tech companies dominate this year’s Rich Bosses list.
- Patrick Durkin and Sally Patten
The Aussie funds that beat bitcoin and big tech
It was often savvy bets at the smaller end of the market that shot the top-performing fund managers to the top of the leader table in the last financial year.
- Updated
- Joshua Peach
Tech sector plunges; traders lift bets on interest rate increase
Jobless rate edges higher in line with expectations, job gains beat forecasts. Domino’s cuts guidance. Telix lifts sales forecasts. Nasdaq posts worst day since 2022. Follow here.
- Timothy Moore, Tom Richardson, Sarah Jones, Joshua Peach and Joanne Tran
