September has historically been a bad month for markets, and it could be about to get worse. But then again, talk is cheap. Everybody in equity markets knows that September is the cruellest month, to switch months on Eliot. Nobody really understands why it happens (theories range from tax-related selling to seasonal behavioural biases) but…
With all this talk of disruptors, it’s hard to figure out what any of them are actually worth. Less, is the prevailing wisdom. You won’t find many investors in the market today who believe that Tesla has that special something that established auto manufacturers don’t (unless it’s a maverick, spacefaring CEO). The question is, how…
China’s ongoing regulatory crackdown has investors running scared. But China still wants to be a global player – and its most successful companies aren’t going anywhere. China’s recent regulatory efforts have sent a chill down the spine of even the most bullish investors, with questions swirling about where and when the aggressive crackdown – which…
Renato Mota, IOOF CEO, believes that advice is changing – and that IOOF must change with it. Key to that will be bringing digital and “modular” services to the unadvised masses. Fresh off the back of its acquisition of MLC, IOOF now has some 2.2 million clients, 1975 advisers, and a burning question to answer:…
A slew of acquisitions has made homegrown investment manager Perpetual (ASX: PPT) a truly global business. CEO Rob Adams says there’s plenty more to come. A 26 per cent increase in net profit, to $124.1 million, has book-ended what Adams described as a “transformational year,” in which multiple bolt-on acquisitions took Perpetual from a key…
Super funds have battled with providing financial advice for decades but have not yet found a solution that can make it affordable and efficient for millions of low-balance members. Digital advice – including ‘robo’ – which, in theory, solves the affordability problem, has also been a decades-long dream for Australian wealth management, a revolution in…
Pikoulas departs Lipman Burgon as Pengana hires for high conviction. Covid-19 movement restrictions don’t appear to have restricted much job movement this week, with Alex Pikoulas amicably leaving his role as chief investment officer of high-net-worth boutique Lipman Burgon. It’s understood that Pikoulas will be joining Harper Bernays – which bills itself as “One of…
In conversation with Ticky Fullerton, business editor-at-large for “The Australian,” Magellan co-founder Hamish Douglass said that two major factors loom as catalysts for an “investment day of reckoning”: the potential for the emergence of vaccine-resistant Covid strains (a case strengthened by the delta variant, which has sent Douglass himself into lockdown with the rest of…
It’s been a slow week for wealth appointments, though one can imagine that Sydney’s lockdown – and the uncertainty around when it will end (this journalist’s prediction: by Christmas) – could have something to do with what is usually a steady stream of announcements drying to a trickle. That’s not to say there’s nothing to…
Jordan Cvetanovski and Steven Glass, former Pengana Capital equities managers, have resurfaced at the helm of their own venture, Pella Funds Management. Cvetanovski and Glass formulated their offering after leaving Pengana in March. They have now recruited two staff and commenced discussions with prospective investors for the new international equities boutique. Cvetanovski will be CIO…
