Yesterday
- Opinion
- Chanticleer
Magellan chairman’s brutal reset starts with CEO’s exit
Andrew Formica has ended the tenure of David George, as well as the latter’s ambition of getting the funds under management back to $100 billion.
- James Thomson
Magellan chairman drops $100b ambitions as CEO departs
Magellan’s Andrew Formica has ditched outgoing chief executive David George’s ambition to restore the manager to $100 billion as he searches for a new CEO.
- Jonathan Shapiro
Former JPMorgan banker launches $157m AUKUS fund
Technology start-ups in defence are capitalising on heightened geopolitical tensions, and fund managers are jumping in.
- Matthew Cranston
This Month
Pricing power delivers First Sentier growth fund Mercer prize
Australian equities geared fund ranked No.1 despite the worst performance over the past quarter among Mercer’s top 10.
- Updated
- Joshua Peach
Credit giant Ares hires new partner
Street Talk can reveal Credit Suisse’s head of asset finance for Asia Pacific, Will Farrant, has joined the US investment firm as a partner in its credit group.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Investors find value in championing social good
Impact investing is on the rise as more Australians seek to drive positive change as they reap financial returns.
- Prashant Mehra
Super fund QSuper hands back keys to NYC office tower
QSuper has quit a big bet on Manhattan real estate as rising interest rates and falling vacancies spoil its global property interests.
- Jonathan Shapiro
- 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
- Exclusive
- Activist investing
Dan Loeb to headline Sohn Hearts & Minds
The famed hedge fund manager has built a reputation as a fierce shareholder activist and his brutal letters to management have become legendary on Wall Street.
- Jonathan Shapiro
Magellan lawyers up for Bolton defensive
Street Talk understands Magellan has Allens and MinterEllison in its corner; Bolton is represented by Allen & Overy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Magellan to challenge Bolton push for a vote
Magellan wants the courts to decide whether activist Nick Bolton can call a meeting of unitholders in its $2.65 billion closed end fund.
- Jonathan Shapiro
Watermark’s Braitling hangs up his boots; hands fund to Blackwattle
Street Talk can reveal Watermark chief investment officer Justin Braitling is retiring from the industry and handed over the reins of his Absolute Return Fund to Blackwattle.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Explainer
- Cryptocurrencies
Why banks are looking at real-world asset tokenisation
Banks spend billions each year on systems to track and finalise millions of trades. Could crypto help to streamline processes?
- James Eyers and Jessica Sier
Salter Brothers hit the market with new tech fund
Gregg Taylor’s new wholesale equities fund is targeting $50 million in commitments to funnel into private and listed multi-stage tech companies.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Magellan activist to vote against John Eales as director
Activist investor Sandon Capital says it will vote against the re-election of director John Eales at the fund manager’s annual general meeting, citing the group’s pay policies.
- James Thomson
- Analysis
- Analysis
Magellan’s closed-end fund experiment nears end game
Magellan’s grand plan to entice investors into its closed-end funds is nearing an undignified end as the entire sector faces an existential threat.
- Jonathan Shapiro
Magellan plays its hand, but Bolton isn’t done
Street Talk understands the activist investor won’t be stepping back from his campaign despite Magellan’s announcement
- Sarah Thompson, Kanika Sood and Emma Rapaport
Catalano hails ‘$600m man’ after Magellan yields to Bolton
Magellan says it will take steps to dissolve the discount of its $2.65 billion closed-end fund, a move that has been hailed as a win for activist Nick Bolton.
- Zoe Samios and Jonathan Shapiro
- Opinion
- Shares
What’s been eating CSL? Blue chip company feels the Ozempic effect
One of Australia’s most loved businesses has come under attack from two powerful macro forces. It must now convince investors it’s the same old CSL.
- Jonathan Shapiro
How this hedge fund pulled off 2023’s ‘big short’
Ravi Chopra’s Azora Capital successfully shorted all four of the US banks that failed in March and sent financial markets reeling.
- Joshua Peach
