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Luxury Escapes co-founder Adam Schwab. Source: supplied. There was a saying in the 1990s: it was along the lines of never buy anything that Kerry Packer was selling. Packer has largely been replaced in the last decade by private equity firms as vendors you shouldn’t buy a business from. There are two obvious reasons for this advice. First, PE firms consist of incredibly smart operators whose job is to deliver a strong alpha (above market return) to LPs (limited partners, which are generally superannuation funds, sovereign funds or endowments). Second, private equity operators are not only w...

The latest Nuix investigation news, articles, data, and analysis from The Age

Topic | Nuix investigation | Brisbane Times We’re sorry, this service is currently unavailable. Please try again later. Dismiss

Advertisement Millions of dollars of mining royalty payments are feared to have been squandered and special administrators are scrambling to unravel a maze of entities associated with one of the country’s most prominent native title organisations. The Adnyamathanha Traditional Lands Association (ATLA), was set up in 2001 to look after the interests of some 3000 Adnyamathanha people over 41,000 square kilometres in the Flinders Ranges in South Australia. Today on Please Explain, Tory Maguire speaks with investigative journalist Adele Ferguson, who travelled to South Australia to look into...

How a cast of business moguls shaped Sydney We’re sorry, this service is currently unavailable. Please try again later. Dismiss How a cast of business moguls shaped Sydney Stories of businesspeople bold, colourful, generous and ruthless have appeared in the Herald for 190 years. They’re moguls who would shape the city’s history and, indeed, the history of the paper itself. Normal text size Very large text size W​hen businessman Samuel Terry died in 1838, a military regiment marched through the streets of central Sydney, playing Handel’s Dead March in Saul. The proces...