Channel Capital leverages Goldman’s private euro credit strategy in new fund
[ad_1] Channel Capital’s West Street European Private Credit Fund (AUD) is an open-ended Australian unit trust that has access to Goldman Sachs Asset Management’s European private credit strategy, which was introduced to offshore wealth markets in late 2023. According to…
Magellan unveils ‘enormous opportunity’ with Vinva deal
[ad_1] The fund manager announced last week that it had acquired a minority stake of 29 percent in parent company Vinva Investment Management. Vinva operates active systematic equity strategies in Australian and global capital markets and manages $22 billion in…
Bright future for Bitcoin despite recent market decline
[ad_1] Earlier this month, equity markets faced macro and systemic trades amid fears of a US recession, along with a surprise decision by the Bank of Japan to raise interest rates, spurring unwinding of yen carry trades. The S&P/ASX 200…
Why super funds continue to brave volatile share markets
[ad_1] While pension funds’ high exposure to equity markets caused concern in early August amid significant market volatility, AMP’s chief economist, Shane Oliver, explained that growth assets such as shares provide superior long-term returns despite their susceptibility to volatility. In…
Charter Hall reported a statutory loss amid ongoing market challenges
[ad_1] In an ASX announcement on Wednesday, the fund manager reported a statutory loss after tax of $222.1 million after posting a profit of $196.1 million a year earlier. Its operating profit after tax was $358.7 million, down from $441.2…
The Coalition is trying to block Cbus’ role in HAFF because of links with the CFMEU
[ad_1] Liberal senator and shadow assistant minister for home ownership Andrew Bragg introduced a bill in the Senate on Wednesday to amend the Housing Australia’s Future Fund (HAFF) Act.. According to the explanatory memorandum, the bill introduces an additional restriction…
State Street to Expand Digital Asset Services Amid Growing Interest
[ad_1] State Street announced a strategic agreement with digital currency custody and tokenization specialist Taurus SA to provide digital asset capabilities for State Street Bank and Trust Company clients. According to the global firm, the partnership will further enhance State…
Asia-Pacific private debt is gaining traction amid six-fold growth in AUM
[ad_1] Assets under management in private debt in Asia Pacific increased to $92.9 billion as of September 2023, according to new data from Preqin. This represents an impressive six-fold jump over the past decade and a 2.5-fold increase over the…
Gold rallies to new highs, buoyed by interest rate cut optimism
[ad_1] Investment managers expressed a “constructive” outlook on gold, with some suggesting it could climb to $2,700 in the next few months, benefiting from interest rate cuts, a weaker U.S. dollar, increased interest from central banks and increased market volatility….
Insignia suspends dividend payout amid net loss
[ad_1] In an ASX announcement on Thursday morning, Insignia Financial declared an underlying net profit after tax (NPAT) of $216.6 million for the 2023-24 financial year, up 13.6% on the 2023-23 financial year. However, the statutory result was less positive,…