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Market turmoil hits portfolios

ELIZA BAVIN  |  FRIDAY, 4 APR 2025
... exceptionalism was the topic du jour and the appetite for US assets with a negative equity risk premium was near-insatiable. Now, with Trump's new 'Liberation Day' tariffs representing a seismic shift to global trade, we have observed a marked change ...

Barings expands local wealth team

ELIZABETH FRY  |  THURSDAY, 3 APR 2025
... market. John Nicoll joins a growing Australian Sales team with 90 private credit, real estate and structured finance staffers now based in Sydney, Melbourne, and Brisbane. In the new role, he will develop and manage client relationships and raise capital ...

Magellan names infrastructure co-leads

ELIZABETH FRY  |  THURSDAY, 3 APR 2025
... portfolio manager for the firm's four infrastructure funds and the head of investments. Ben McVicar and Ofer Karliner have now become co-heads of global infrastructure. Magellan is yet to say who will take on the broader head of investments role. ...

APRA hits ANZ with $1bn capital penalty

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
... practices and risk culture. APRA also increased the capital add-on applied to ANZ from $750 million to $1 billion. This is now the second time APRA has increased the capital penalty after first applying $500 million in 2019 and increasing it to $750 ...

Investors brace as US unleashes tariffs

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
... albeit with a 10% baseline in place. We've seen the administration have a surprisingly high tolerance for market pain, now the big question is how much tolerance it has for true economic pain as negotiations unfold," Hetts said. The Commonwealth ...

Investors called on to help end modern slavery

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
... Australia's Modern Slavery Act has some "weaknesses", company directors have started having open discussions about the issue. "I now have very engaged and informed conversations with directors as they've been forced to get on top of slavery issues ...

Russell Investments, Reach Alts team up to expand private market access

ANDREW MCKEAN  |  WEDNESDAY, 2 APR 2025
... utilities, and digital infrastructure, which it said offers inflation-linked returns and stable long-term cash flows. It's now available on the Reach Alts platform. The fund has a minimum investment of $25,000 and offers quarterly redemptions, in line ...

ASIC tiptoes around private markets intervention

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
... going on in the private markets in Australia with that growing investment," he said. The question he has been "grappling" with now is: do private markets need regulatory intervention? Pressing concerns for Longo are the need for transparency and the ...

EQT closes flagship infra fund at $37bn

MATTHEW WAI  |  WEDNESDAY, 2 APR 2025
... clients." Meanwhile, head of real assets Lennart Blecher said the infrastructure division has grown at a steady pace and is now maturing. "Since its inception in 2008, EQT Infrastructure has grown at pace and today, we have a 130-strong team and three ...

RainmakerLive rebrands to Rainmaker MarketPro

STAFF WRITER  |  TUESDAY, 1 APR 2025
... the US and EMEA markets." ISS Market Intelligence acquired Rainmaker Information in 2021. The new-look Rainmaker MarketPro now provides access to managed accounts and model portfolios investment product searches, new continuing professional development ...