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Funds management

The West Australian exclusive
The West Australian exclusive
Funds management
The West Australian exclusive
The royal family-backed firm courting WA’s rich

A wealth manager owned by Liechtenstein royalty is on the hunt for more advisers to service the high-net-worth families of WA, who are looking for more than just a punt on mining stocks. 

Simone Grogan

InvestmentStar manager leaves Tribeca with $1.5b fund

Star Australian share fund manager Jun Bei Liu is striking out on her own with the backing of her long-time employer Tribeca.

Neale Prior

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updated
MiningCommentsPremium
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Takeovers umpire will review Rio, Packer uranium bout

Fund manager Willy Packer and Zentree Investments land a blow against Rio Tinto after takeovers umpire backtracks on decision to stay out of $880 million rights issue dispute. 

Simone Grogan

Funds managementPremiumNedlands-based Viburnum launches $300m mining tech fund

Viburnum Private III will be the third fund launched by the firm since 2007 and deployed with a mandate to shore up stakes in growing mining industrials businesses. 

Simone Grogan

Funds managementCommentsPremiumTattarang alumni team up in advisory business for ultra rich

Famille Capital is led by former Tattarang boss Andrew Hagger and has already signed up four family offices as it looks to build a national presence advising Australia’s richest families.

Sean Smith

MiningPremiumNero fundie reckons ‘outgrown’ Diggers should try Perth

A top WA fund manager has reignited calls for Diggers & Dealers to move to Perth and turn the annual mining bonanza into a more family friendly event and welcoming environment for women. 

Simone Grogan

Funds managementCommentsERA board cops lashing from Willy Packer in Jabiluka fallout

The Cottesloe-based fund manager unleashed on the Energy Resources of Australia board and accused Traditional Owners of breaching agreements linked to the now-scrapped Jabiluka uranium lease.

Simone Grogan

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updated
UraniumPremium
updated
‘A lot of politics’: Packer dismayed by blocked uranium play

Top WA fund manager Willy Packer has lamented the Northern Territory Government’s move to block the course for a new uranium mine, and labelled WA’s ban on the commodity “patently insane”.

Simone Grogan

MiningPremiumPacker & Co in new salvo over Jabiluka uranium deposit

The WA fund manager says it doesn’t know why Rio Tinto and subsidiary ERA are baulking at pursing a development of the Northern Territory uranium mine given its activities in WA.

Sean Smith

Mergers and AcquisitionsCommentsPremiumAzure sets up Melbourne office after selling 7-Eleven empire

After working on Mineral Resources’ haul road auction and selling 7-Eleven Australia for $1.7 billion, Perth headquartered dealmaker Azure Capital wants to make more in-roads east.

Simone Grogan

MiningCommentsPremiumSchroders sees danger in funds chasing latest tech boom

Veteran fund manager Martin Conlon casts his view on the artificial intelligence revolution.

Neale Prior

Funds managementCommentsPremiumKKR to pay $2.18b as Perpetual strips down

Perpetual to focus on funds management after offloading corporate trustee and wealth advisory arms for $2.18b.

Neale Prior

MININGCommentsPremium‘We’ve gone nuclear if we’ve agreed to Garden Island subs’

Willy Packer, whose $2 billion investment fund has sunk more than $200 million into uranium, says the decision to base nuclear submarines at Garden Island effectively validates nuclear energy.

Sean Smith

Funds managementMacquarie profit misses estimates as commodities unit weighs

Macquarie’s earnings missed estimates as profit from its commodities and global markets business dragged on the Australian firm’s performance. 

Harry Brumpton

FUNDS MANAGEMENTCommentsPremiumTrustee cleared to pursue ‘misappropriated’ funds

Primary Securities wants to recover millions said to have been paid to people linked with former high-flying Cottesloe fund manager Leon Warburton from a Cayman Islands investment fund he founded.

Sean Smith

Funds CommentsPremium$280 billion Aussie super fund opens first UK office

Australian Retirement Trust has become the country’s latest pension fund to open a London office, as the fast-growing retirement sector hunts for deals beyond its backyard. 

Amy Bainbridge

funds managementCommentsPremiumFirst Sentier shuts $14b fund after growth disappoints

Sydney-based asset manager First Sentier Investors plans to shutter funds worth a combined $14 billion and return money to investors, in a retreat from low-margin business lines.

Harry Brumpton and Matthew Burgess

ASICPremiumVanguard admits greenwashing bond fund filters

The Australian Securities and Investments Commission has secured its first conviction for greenwashing after fund management giant Vanguard admitted misleading claims filters used for a bond fund.

Neale Prior

Funds managementFormer RBA boss Lowe reveals next career move

Months after vacating the top seat at the Reserve Bank, former governor Philip Lowe has confirmed his next move.

Ellen Ransley

EnergyCommentsPremiumHESTA courts Woodside’s Goyder for climate action directors

One of Australia’s most powerful superannuation funds is pitching for a seat on the board of Woodside Energy and has even put forward potential nominees to chair Richard Goyder.

Daniel Newell

ASICPremiumBankruptcy push by Marco liquidators as cash hunt widens

Insolvency experts from McGrathNicol have a range of actions on foot as they try add recover funds invested with the Ponzi scheme promoter.

Sean Smith

investor testCommentsPremium Morgan Stanley boss targets WA money in new strategy

The Morgan Stanley wealth management boss ushering in a new focus servicing Australia’s increasingly well-off populace has backed a review of the test that lets them into the club. 

Simone Grogan

Rough yearPremiumMacquarie profit craters, commodities head quits

Macquarie Group’s profit has plunged due to reduced activity in its commodities and global markets business, while the veteran head of the division will step down later this month. 

Adam Haigh

SidelinedPremiumLicence suspension of Perth hedge fund NWQ extended to April

ASIC temporarily suspended the firm’s financial services licence last year, saying it had insufficient assets to meet conditions.

Sean Smith