expand_moreexpand_lessexpand_moreexpand_less
|
 |
Jonathan ShapiroFinancial Review |
The data-centre firm’s insatiable appetite for capital meant brokers loved it. Now it’s pitched as a value trade, but only if it can survive.
In the property financing market, the pendulum has well and truly swung in favour of lenders as private credit funds are in retreat. So who is going...
When prices stop responding to bad news, it’s a sign the bottom is near. Let’s hope that’s the case for bonds and all other assets trashed by...
Azora Capital, a US hedge fund that specialises in trading banks, has noticed a counterintuitive trend that is instructive for Australia’s largest...
More money is leaking out of the industry super fund giants. Is this a sign the pension power balance is permanently changing?
The reality is Australian superannuants are already extremely long on the artificial intelligence trade. Does the failure of this float change...
In an ironic twist, the one venture that escaped the ignominy of a KPMG-induced mark-down puts it under the threat of a future haircut to its...
The Reserve Bank’s semi-annual health check of financial stability is partially intended to frighten us about the dangers ahead – many of which...
Metrics has been dragged kicking and screaming by its auditor into cutting asset values. Now wholesale fund freezes reveal how complex its structure...
The CBA fight against Macquarie has transformed from a war of words into a war of slides. But who should the public be supporting in this escalating...
Forget a sharp fall. A profound change is more likely to manifest in the form of stalled housing value growth over the next decade.
The failed Sydney property development giant was always a high-risk proposition, and most lenders knew it. So how did so many get it so wrong?
The world’s largest ever sale of home loans showed how much global banks want to exit Australia, but also how keen global private credit is to get in.
If Federal Reserve chairman Kevin Warsh is hostile towards tipping the market off about his intentions, then Michele Bullock is absolutely petrified...
A creeping private equity takeover offer and another painful update leave the company’s long-suffering shareholders begging for the misery to end.
The Sydney Sheraton’s ballroom was packed to hear Michele Bullock’s Anika Foundation address. But try as she might, she could deliver only a...
Australian fixed income is on fire, and without any meaningful intervention. So when should we consider meddling with our capital markets?
Two companies operate in the same industry, facing similarly tough conditions. Yet even with the same auditor they’ve come up with totally different...
The lender has been punished for a horror downgrade that vindicated doubters. It now faces an existential crisis.
A star manager’s exit from Perpetual for New York’s Millennium Management has exposed the brutal reality confronting Australia’s active fund managers.
Megaport’s ride on the ASX has been wild. As it goes all in on AI, there are hundreds of millions of dollars of conviction capital on either side of...
Corporate raiders couldn’t force Wall Street to accurately value the family’s vast media empire. Instead, a sliding property market is doing it...
These multibillion-dollar Australian share funds have been operating for almost a century. But they’ve never been more out of favour, presenting a...
ANZ chief executive Nuno Matos has bluntly warned that the nation’s obsession with safety is choking its economic growth.
Brett Kelly has spent the best part of a decade convincing the sharemarket of his capital allocation mastery. A margin call has changed the narrative.
The bleed of Lendlease lured some of Australia’s most outspoken shareholder activists to its register. Their solution is turning into a problem.
Wes Maas built a construction empire in the country from scratch. Now his sudden and aggressive change in strategy has investors in two minds.
Fund managers put their careers, reputations and clients’ funds on the line to try to beat the market. When they fall short, the personal toll can...
It’s been nine years since Richard Evertz passed inside information to an investor. And yet, the true reason for the collapse remains untested by...
Ownership Matters has told its clients they should not support the tie-up amid worries it might encourage more disclosure-light deals.
The guiding principle that has guided billions of dollars of institutional capital into private assets might not actually exist. That’s led to...
There’s a major crisis of confidence in the asset class that could soon engulf Australia. Before it does, we need to do some major soul-searching.
Federation was a proven and pedigreed investor that won the backing of institutions and analysts. So how did it blow up two-thirds of its flagship...
The fear that AI will threaten the monopolies of the online property platforms has destroyed billions of dollars in a matter of weeks.
The big end of town is struggling to make reliable predictions. Retail brokers are turning that into a massive, and worrying, money spinner.
How do you value a company mired in an accounting scandal? Corporate Travel’s major shareholders are grappling with this difficult question.
To finance the AI gold rush, the most profitable companies in history are assessing the nation’s pool of fixed income capital.
So far, most attempts at betting against artificial intelligence have backfired as Silicon Valley giants have sucked up capital and driven markets...
Long dwarfed by lending operations, institutional divisions have steered clear of the limelight. But soaring demand for credit deals is creating...
Until last week, a Melbourne Cup Day rate cut was a sure bet. Now we’re not even sure the next move will be down. So why did we all believe rates...
Is Rajiv Jain a dead man walking, or will he be the last man standing? The star fund manager’s reputation, wealth and business is wagered on an AI...
ASIC chairman Joe Longo is in Washington DC and New York this week, discussing private credit and a dearth of IPOs with regulators and Wall Street...
A former Future Fund investor aims to rewrite the rules on how the California Public Employees Retirement System manages money. Others may be forced...
A renewable energy giant faces a dual crisis: the political winds are blowing in the wrong direction while the actual winds aren’t blowing at all.
The corporate regulator unleashed a banker and a credit analyst on Australia’s private credit sector to find the good, the bad and the ugly. They...
The hedge funds that piled into the Santos takeover bet have lost a lot of money. But more pain has been felt elsewhere.
The bank’s government relations team in Canberra appears to have done a stellar job shielding the board from the fallout, writes Jonathan Shapiro.
If active management is dead, someone forgot to tell Baillie Gifford, the high-growth investment fund founded in the age of horse and buggies.
Managing director Jamie Pherous has been battling short-selling hedge funds and sceptics for most of his life. But with his company now suspended from...
As the Commonwealth Bank and the Reserve Bank squabble over credit card fees, the global payments system is transforming beyond recognition.
login
who are we?
contact us
qosheapp
