Today
- Exclusive
- Private equity
Ex-Pinnacle executives line up Dinimus in private credit push
Scarcity Partners is closing in on yet another minority investment in an asset manager, in what would be the firm’s second deal since starting in March 2023.
- 1 hr ago
- Aaron Weinman
- Live
- Markets Live
ASX tops 8100 points; Monadelphous takes hit from Albemarle exit
Australian shares reset record high. Meta rallies after its results beat expectations. Regulator backs Namoi Cotton buyout. Follow updates here.
- Updated
- Timothy Moore, Joshua Peach, Joanne Tran and Cecile Lefort
Yesterday
Relief rally sweeps market after cool inflation tempers rate fears
Shares had the best day since 2022, the Aussie dollar fell, and bond yields tumbled after core inflation prompted traders to rapidly start pricing in a rate cut in Australia.
- Joshua Peach and Sarah Jones
ASX jumps 1.8pc after June CPI data; Rio rallies
Shares jumped the most since 2022 amid a broad rally; traders bet on Reserve Bank rate cuts; Commonwealth Bank tops BHP to become biggest Australian firm; Rio Tinto half-year profit at $5.8 billion. Follow updates here.
- Timothy Moore, Joanne Tran, Sarah Jones and Joshua Peach
July
- Opinion
- Sharemarket
Three ASX companies jockeying to be the next biotech winners
Clarity Pharmaceuticals reports it eliminated prostate cancer in a patient; LTR Pharma wants to sell nasal viagra; and Opthea has clinical trial results soon.
- Tom Richardson
BlackRock’s Larry Fink won’t be rushed in the search for his successors
The head of the giant asset manager has been grooming a new top team for more than a decade. Some worry he is taking too long.
- Brooke Masters
Where to invest as the tech megacap rally eases
Signs that equity investors are getting cold feet over the rapid advances in artificial intelligence leaders have put a spotlight on some less obvious beneficiaries of the technology boom.
- Sangmi Cha, Ivy Chok and Natalia Kniazhevich
ASX slides as BHP drops 1pc; Fortescue plunges 10pc
Shares fall after a sell-off in commodity stocks; BHP buys Toronto listed copper miner Filo; Ramsay appoints ex Woolworths executive; Rex shares still suspended; Fortescue hit with $2 billion block trade. Follow updates here.
- Timothy Moore, Joanne Tran and Sarah Jones
- Exclusive
- Venture capital
Rich Chinese investors join $1b hunt for Aussie VC funds
A fund manager for rich Chinese investors is trying to raise $100m for venture capital investments, joining a crowd of operators trying to raise over $1 billion.
- Yolanda Redrup and Paul Smith
Investors brace for bruising earnings season as stocks teeter
Investors are treading carefully this reporting season as overly optimistic earnings expectations baked into the sharemarket could come unstuck.
- Updated
- Sarah Jones
Perennial prepares to unleash war chest on small caps
After a bruising few years for the money manager’s smaller companies fund, Andrew Smith is readying his team for the next big buy: the August reporting season.
- Sarah Jones
- Opinion
- Hedge funds
US regulator says activist short seller was a pump-and-dumper
Andrew Left had a reputation for hunting frauds, but that gave him a platform to pump-and-dump stocks, the SEC has alleged.
- Jonathan Shapiro
ASX to rise as big tech earnings threaten stability
Futures point to a strong start on Monday for the local bourse with the S&P/ASX 200 set to open up 0.8 per cent as volatility is set to return to global sharemarkets this week.
- James Thomson
Tech reversal pushes US megacaps into correction territory
Double-digit falls last week in Nvidia, Tesla, Meta and Alphabet, which have powered the US market rally for the past nine months, highlight questions on artificial intelligence investment returns.
- Jennifer Hughes and Nicholas Megaw
ASX rises; Bellevue Gold plunges 22pc; MinRes rallies
Shares advance at the closing bell; Mineral Resources says its on track to meet production guidance; Bellevue tumbles on discounted equity raising. Follow updates here.
- Updated
- Timothy Moore, Joanne Tran and Joshua Peach
Funds hit as Trump shadow looms over green energy
Fund managers are scrambling to assess what a Republican win in November could mean for the billions of dollars earmarked for green investments.
- Joshua Peach
Ten books that could help you become a better investor
We asked money managers, financial advisers and a self-made multimillionaire to nominate the books that taught them the most about creating wealth.
- Tom Richardson
‘Don’t wait until it’s too late,’ warn ASX small-cap managers
Local fund managers are telling clients to start moving money out of large caps before Australia catches up to the US in the global inflation race.
- Joshua Peach
Shares fall; Macquarie, Fortescue sink on results
Shares lose 1pc. Seek warns on profits. ANZ suspends, terminates staff. Fortescue misses production expectations. Wall Street tumbles on slowdown worries. Follow here.
- Timothy Moore, Tom Richardson, Sarah Jones, Joshua Peach and Joanne Tran
- Updated
- Private equity
ASIC says opaque private credit funds will face more scrutiny
ASIC chairman Joe Longo says the regulator is setting up dedicated teams to investigate conflicts of interest and asset valuations in the sector.
- Updated
- Aaron Weinman
