Yesterday
Atomo Diagnostics in cash call following Lumos FDA decision
FDA approval was granted to Lumos on Friday, prompting Atomo to launch the cash call via an institutional placement.
Liquidity takes centre stage for active ETFs
Fixed income markets have entered a new phase. Higher interest rates have restored income after one of the sharpest tightening cycles in decades.
Sponsored
by J.P. Morgan Asset Management
Most directors prefer to be on private boards, and that is a big worry
Sobering new survey findings should worry policymakers, regulators and anyone with an interest in the health and resilience of the country’s listed markets.
AusSuper closes in on new CIO amid shifting investment landscape
The fund will soon unveil its successor to Mark Delaney as CIO. Whoever it is will need to grapple with big changes rippling through the sector.
Clayton Larcombe’s fast and furious world is unravelling quickly
The fund manager turned venture capitalist had a lavish life until he was charged with domestic violence offences. Now liquidators are coming for his firm.
This Month
Matt Comyn’s tight arse on CBA deposits
The bank will hike mortgage rates this week while doing the barest of minimums for savers.
David Di Pilla needs to find the juice
The famed dealmaker can’t stop his falling share price. He also won’t stop talking about it.
Citi hires senior metals and mining analyst
Thiago Ojea is relocating to Citi’s Sydney offices after working at Apex Capital in Brazil, where he was a partner and senior analyst focused on global commodities.
Vantage Point AM courts big super for Vietnam financial hub
The Singapore-headquartered investment manager met with superannuation funds in Melbourne this week to raise funds for Vietnam’s International Financial Centre.
The elusive illiquidity premium forces private assets rethink
The guiding principle that has guided billions of dollars of institutional capital into private assets might not actually exist. That’s led to soul-searching.
Fund managers caught up in Aware, TelstraSuper $237b merger
Western Asset Management and IFM Investors have copped a redemption in the merger of Aware Super and TelstraSuper, Street Talk understands.
Westpac’s Unite technology project costs rise as it migrates customers
The bank said the expected cost of creating a single mortgage system would increase to $285 million, up from $265 million projected last November.
How Australian SMEs can stop currency swings eating their margins
If the US Supreme Court’s move against tariffs reminded business of anything, it was that global rules can shift overnight, especially in currency markets.
Sponsored
by OFX
NAB to cut 170 jobs in business division, add international roles
The bank’s Australian business division is the latest to be hit by consolidation as it adds hundreds of jobs in India and Vietnam.
Macquarie’s Shemara Wikramanayake nails the big private credit risk
While the heavyweights of private credit told the superannuation sector everything’s fine in Melbourne on Thursday, two experts see long-term risks rising.
Ex-KKR China heads negotiate to buy Vitaco, owner of Musashi, Nutra-Life
Barclays and Barrenjoey Capital Partners advised Primavera and Shanghai Pharmaceuticals while Lazard tended to DCP Capital.
Weebit Nano preps $100m cash call
The fundies were yet to receive the final terms and the joint lead manager line-up was yet to be finalised as of Thursday morning.
Australia’s new millionaire factory: Start-up to $1.6b in five years
Jonathan Shapiro and Emma Rapaport on what’s behind the Magellan and Barrenjoey merger and whether there’s room in Australia for another homegrown investment bank.
New Zealand’s motor vehicles registry pops up in bankers’ pitch books
While a pitch book mention is miles away from an actual sale process, there are signs suggesting the Kiwis are seriously weighing a sale.
AusSuper to lift insurance premiums by up to 40pc
A sharp increase in premiums from the $410 billion retirement behemoth will reverse three years of declining insurance costs for members.
RBA calls for co-ordinated effort to unlock digital asset markets
A series of pilot transactions using digital assets drew a strong industry response, but the RBA says banks and regulators need to accelerate their efforts.
Bank investors ‘should run for exit’ if Middle East conflict worsens
Bank sector analysts expect ANZ, Westpac, and National Australia Bank to top up their bad debt provisions when they announce interim results in May
Smelters v software: The high-voltage battle for votes and dollars
Would it be better to free up electricity from smelters to invest elsewhere? Or can we have both?
Maas founder’s shares crossed via JPMorgan
Around 15 million shares in the company were crossed at $4.31 per share – a 14 per cent discount on the prior day’s $5 close price.
Blue Owl co-founder says private credit has itself to blame for crisis
Doug Ostrover, now the $400 billion firm’s co-chief executive, says enormous demand for big returns is still driving investors towards the sector.
