Michael Malseed News Today

The data is in and while a Regal fund eked out the top spot among Australian equity managers last year, its returns were dwarfed by those betting big on crypto and AI.

Nanuk money manager Tom King has slammed the ESG fund sector, saying labels and scores are “meaningless”.

A remarkable sharemarket rally defied the gravitational pull of rising interest rates aiding gutsy growth funds and quality focused stock pickers.

Natural resource fund managers were the biggest winners in the third-quarter, according to Morningstar.

Australia’s big four banks bounced in March and April as investors bet that higher interest rates would support margins. Lazard took this as a selling opportunity.

“I’m very firmly in the ‘we’re nowhere near the bottom’ camp,” said Bronte Capital’s John Hempton, whose hedge fund was one of the best performers of 2021-22.

These ETFs focus on global stocks and earn Morningstar Analyst Ratings of Silver and Bronze.

Ethical-minded young consumers are shocked to find they are invested in Russia’s economy, but geographic divestment isn’t simple.

Packer & Co has reduced its holdings in Russian equities by 60 per cent amid a global push for institutional investors to dump holdings in Russian assets.

Packer & Co’s Russian holdings fell by 60 per cent but the firm has defied the global push for institutional investors to divest.