Today
Shayne Elliott’s rented Corolla wasn’t enough for ANZ in the end
The career banker took the top job in 2016, unwinding a failed regional expansion and wowing shareholders. Those shareholders are a bit less wowed now.
- Updated
Fixed income brokers prepare for a ‘gold rush’
A surprise decision by regulators to phase out major bank hybrids has sparked a race to fill the void and meet a growing demand for income.
Yesterday
APRA winds down $43b bank hybrid market, angering investors
The prudential regulator says other forms of capital are safer and make it easier for issuers to respond to future crises without bailing in retail investors.
- Updated
Australian private equity goes evergreen to court wealthy investors
Roc Partners is the latest big buyout group to pivot to open-ended funds as firms switch from industry superannuation.
This Month
- Exclusive
- Big four
ANZ’s Elliott to resign after nine years as chief executive
The career banker arrived at ANZ in 2009 and was appointed to the top job in 2016. His departure is expected to be announced as early as this week.
- Opinion
- Big four
Six observations about the cultural failings in ANZ’s markets unit
Disgruntled employees are being interviewed about a problematic workplace culture at the same time as the bank is telling them about their annual bonus.
- Analysis
- Bitcoin
Bitcoin has hit $US100,000. Do we still care?
The cryptocurrency has burst through a historic milestone. But the bulls aren’t bragging, and the bears aren’t finger wagging. So what’s changed?
- Opinion
- Shares
The ASX’s founders are in dump mode
Insiders are cashing out hundreds of millions of dollars of stocks after stellar share price runs. Are they sending a message?
Investors pull $1.5b from GQG amid Adani allegations
The Adani bribery charges have sparked a “snap change” in client flows for the fund manager and research analysts are cutting their price targets.
This market guru learnt from Buffett and Soros. These are his big bets
Kiril Sokoloff has been calling market turning points for half a century. While he’s looking for his next big prediction, here are three of his current picks.
- Opinion
- Hybrids
D-day for bank hybrids draws a line under divisive APRA process
The prudential regulator is due to give the market an update on whether it will kill bank hybrids. Some people wonder whether it has gone too far.
November
Adani’s implosion is star stock picker Rajiv Jain’s biggest test
GQG Partners has a reputation for picking hugely profitable contrarian trades. A $US10 billion bet on the Indian conglomerate has put it in the firing line.
Treasury plan could end era of shareholder secrecy
A workaround exploited by billionaires and hedge funds to secretly build positions in listed companies could be extinguished if a legislative change succeeds.
- Opinion
- Superannuation
The country’s big super funds are preparing to hit global risk limits
As they grow, funds have no choice but to send more of their member capital offshore. But that comes with challenges that they may simply be unable to manage.
- Analysis
- Future Fund
Chalmers’ chance: where national and financial interests collide
The Treasurer has a vision to unite the financial interests of investors with the national interest. There are roadblocks and risks.
ANZ forced to clarify Elliott testimony on bond trading scandal
The bank’s government relations head has expanded on comments made by chief executive Shayne Elliott in a parliamentary grilling.
- Updated
- Analysis
- Future Fund
The Future Fund has been told to buy Australia. It already does
The $230 billion sovereign wealth fund already invests in areas of national priority. Is the treasurer engaging in needless posturing?
Pinnacle eyes global expansion, raising $400m to buy up offshore funds
The ASX-listed asset management juggernaut’s founder, Ian Macoun, said it was paying a fair price to buy stakes in the two businesses in the US and the UK.
Business says Trump’s return turns up competition for investment
Executives from Telstra, QBE, Challenger and Mirvac have warned that the US and even Britain risk pulling away from Australia by cutting red tape.
- Updated
- Opinion
- Managed funds
Is anyone brave or stupid enough to bet against America?
Stock pickers have been punished for betting against the US. The choice between consensus or contrarianism on American exceptionalism is now harder than ever.
