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Australia’s biggest pension funds are losing their appetite for bonds as interest rates peak and are instead ramping up bets on a potentially riskier avenue of higher returns: private credit. Cbus, which has A$90 billion ($59 billion) in total assets, is planning to triple its global allocation to private credit…
(Bloomberg) -- Australia’s biggest pension funds are losing their appetite for bonds as interest rates peak and are instead ramping up bets on a potentially riskier avenue of higher returns: private credit.Most Read from BloombergYour 401(k) Will Be Gone Within a DecadeLargest Covid Vaccine Study Yet Finds Links to Health ConditionsPlay VideoUS Tells Allies Russia May Launch Anti-Satellite Nuclear Weapon Into Space This YearBill Ackman Rockets Up Best-Paid Hedge Fund List by Doing Very LittleCbu
Wall St has set its sights on doing deals with Australia's superannuation funds with the ever-growing huge pile of money put aside by wage earners attracting plenty of US interest.
It’s too bad there is no tax on hot air, the supply of which is evidently infinite.
The private crypto investor lost $150,000 and a bet that requires him to run naked through Adelaide’s Rundle Mall. He says crypto will have to change just as fundamentally as the junk bond market after the 1990 collapse of Drexel Burnham Lambert.