Tim Crommelin

As part of the Global Listed Infrastructure Organisation (GLIO)’s CEO/Investor Q&A series, Fund manager Eric Bright, CFA Bright interviews Mark Aue, the CEO of Chorus. Chorus is an ASX/NZX-listed owner of New Zealand’s wholesale-only fibre network and held in our digital infrastructure theme.   Eric and Mark talk through both the background and investment case for the company and consider the outlook for fibre given new industries entering the market, AI, and the regulatory environment.   The podcast is available on major podcast platforms. You can also watch the interview here: https://lnkd.in/ekjYi3wa

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Former Cbus Super Fund chief executive Justin Arter says planned changes to superannuation tax laws could push more money from wealthy families into private credit funds, including the one he has just joined as chair. Mr Arter, who served as CEO of the $100bn industry fund from 2020 to 2023, now heads the board of Mosaic Private, a private credit fund backed by the family office of Flight Centre co-founder Geoff Harris. Glen Norris has more: https://bit.ly/4eWogyg

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Australian sustainable bonds market is booming, according to my friends at CommBank Business and Institutional. Last year total issuance was AUD41 billion; there’s already been AUD38 billion this year. Climate Bonds Initiative. (Pic courtesy of Environmental Finance)

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A vintage year for forward looking active equity investment managers, with the top managers generating returns well in excess of their passive benchmark tracking equivalents. Pinnacle Investment Management Group have 3 Affiliates in the top 10 active equity funds for FY25 according to The Australian Financial Review and Morningstar - Antipodes, Hyperion Asset Management Limited, and Plato Investment Management. https://lnkd.in/gkM8zUGJ

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As highlighted by the AFR, Regal’s CIO of Long/Short Equities, Philip King, is deliberately reducing exposure to ASX mega-caps, where passive inflows have propelled valuations to precarious heights. His approach underscores the discipline of caution over complacency, and the value of selective positioning in increasingly crowded market dynamics. Read more (paywall): https://lnkd.in/g5NbBUNA

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Toorak CEO John Beacham recently spoke with Private Debt Investor about the growing residential transition loan (RTL) market:   “RTLs are needed in the US because of the national housing shortage, as well as the ageing and obsolescence of existing housing stock. As a result, houses frequently need to be refurbished, or repurposed, so that, for example, a large house built for one family can become a multi-family residence.”   Read the full article here (paywall): https://lnkd.in/gCnM62mQ   #RTL #housing #privatefinancing

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