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Policy choices & Australia’s growth conundrum Featured, Market Insights

Policy choices & Australia’s growth conundrum

July 9, 2024

Economists build their forecasts via the inputs to demand. But when population and productivity are moving this fast, a different approach is needed. In this ...

Tim Toohey: Sept 2024 Quarter Update Featured, Market Insights

Tim Toohey: Sept 2024 Quarter Update

July 8, 2024

The 2023/24 financial year is now complete, concluding what can be broadly labelled the “hope” phase for financial markets. A 20% return for global equity ...

Michael Steele: Backing founder-led Small Caps Market Insights, Media Centre

Michael Steele: Backing founder-led Small Caps

June 28, 2024

Michael Steele, Co-Portfolio Manager of Small Cap Equities at Yarra Capital Management, sits down with Nadine Blayney at ausbiz to discuss trends in the small ...

Future Quality Insights: Healthcare: The hidden frontier of thriving innovation Featured, Market Insights

Future Quality Insights: Healthcare: The hidden frontier of thriving innovation

June 26, 2024

Key takeaways The healthcare sector is benefiting from rapid innovation, fuelled by a significant jump in COVID-led funding. The breakthroughs achieved during the pandemic are ...

Joel Fleming: Miss out on GYG? Try these stocks Media Centre

Joel Fleming: Miss out on GYG? Try these stocks

June 24, 2024

Joel Fleming, Microcaps Portfolio Manager, sits down with Andrew Geoghegan from ausbiz and expresses a positive outlook on the market following Guzman and Gomez’s (ASX:GYG) ...

Yarra Wins Fund Manager of the Year Award Corporate News, Featured

Yarra Wins Fund Manager of the Year Award

June 19, 2024

Yarra’s Enhanced Income Fund named Australian Fixed Income Fund of the Year Yarra Capital Management (Yarra), one of Australia’s largest independent active fund managers, is ...

The Rate Debate – Ep49 Featured, Market Insights, Podcast

The Rate Debate – Ep49

June 18, 2024

Episode 49: Tuesday 18th June 2024   A statement of ifs and buts   Pundits of Australia’s economy expect the central bank will maintain its ...

Small caps, big opportunities Featured, Market Insights

Small caps, big opportunities

June 6, 2024

There are compelling tailwinds driving global small cap stocks at the moment, which presents an opportunity for Australian investors according to Sadhvi Gupta, Executive Director ...

Michael Steele: Finding Small Cap ‘Compounders’ Market Insights, Media Centre

Michael Steele: Finding Small Cap ‘Compounders’

May 31, 2024

Michael Steele, Co-Portfolio Manager of Small Caps at Yarra Capital Management, sits down with Nadine Blayney at ausbiz to provide an outlook for the Australian ...

Ignore the noise, this Budget will lower inflation Featured, Market Insights

Ignore the noise, this Budget will lower inflation

May 31, 2024

In this note, Tim Toohey steps through the budget, its major policies and assesses the impact on demand and future inflation. He concludes that despite ...

Future Quality Insights: The outlook is sunny for global travel Featured, Market Insights

Future Quality Insights: The outlook is sunny for global travel

May 29, 2024

Key takeaways International tourism is on track to return to pre-pandemic levels in 2024, driven by the re-emergence of the Chinese traveler, a new travel ...

Smile: There’s a new Super scam in town Featured, Market Insights

Smile: There’s a new Super scam in town

May 20, 2024

Federal Treasury’s 2023 consultation paper on the superannuation industry argued that the objective of superannuation is to; “…preserve savings and deliver income for a dignified ...

Joel Fleming: Three smaller cap ‘buys’ Media Centre

Joel Fleming: Three smaller cap ‘buys’

May 17, 2024

Joel Fleming, Microcaps Portfolio Manager, sits down with Andrew Geoghan from ausbiz to share his observations of the current landscape in microcap investing, touching on ...

Equity Mates podcast: Avoiding the Mundane 7 Featured, Podcast

Equity Mates podcast: Avoiding the Mundane 7

May 16, 2024

Dion Hershan, Head of Australian Equities, joins Alec Renehan and Bryce Leske, hosts of the Equity Mates Investing podcast, to talk through The Mundane ...

Future Quality Insights: Separating dreams from reality Featured, Market Insights

Future Quality Insights: Separating dreams from reality

May 16, 2024

From our office windows we have a wonderful view of the Scottish Highlands, at least on clear days. However, lately, we have been surrounded by ...

Why the Ex-20 is a sweet spot for returns Featured, Market Insights

Why the Ex-20 is a sweet spot for returns

May 9, 2024

While the Magnificent Seven have been a runaway success – they drove almost two-thirds of the S&P 500’s 24% return in 2023 – our view ...

The Rate Debate – Ep48 Featured, Market Insights, Podcast

The Rate Debate – Ep48

May 7, 2024

Episode 48: Tuesday 7th May 2024   Central bank independence is still alive   The RBA is, and continues to remain an independent central bank, ...

Joel Fleming: M&A heating up in microcaps Media Centre

Joel Fleming: M&A heating up in microcaps

April 19, 2024

Joel Fleming, Microcaps Portfolio Manager, sits down with Juliette Saly from ausbiz to provide an update on the microcap resources sector, touching on M&A and ...

Future Generation podcast: Take Stock with Will Low Featured, Market Insights, Podcast

Future Generation podcast: Take Stock with Will Low

April 19, 2024

In the latest episode of the Future Generation’s Take Stock podcast, Caroline Gurney (CEO of Future Generation) sits down with Will Low, Portfolio Manager of ...

Healthcare offers diversification from market hot spots Featured, Market Insights

Healthcare offers diversification from market hot spots

April 16, 2024

Middle-aged Scottish men (of which there are a few in our office) tend to become subjects of good-natured ribbing. Some of it, admittedly, is deserved. ...

Dion Hershan on taking a different view Media Centre

Dion Hershan on taking a different view

April 11, 2024

Whilst the hunt for opportunities is enjoyable, there is nothing like the validation of getting it right – particularly when you’ve taken a different view ...

Tim Toohey: June 2024 Quarter Update Featured, Market Insights

Tim Toohey: June 2024 Quarter Update

April 11, 2024

In our last quarterly outlook, Tim Toohey (Head of Macro and Strategy) detailed why he remained upbeat that the exceptional rally in Q4 would be ...

How this income fund has delivered above target Media Centre

How this income fund has delivered above target

April 9, 2024

In an interview with Livewire Markets’ Funds in Focus series, Roy Keenan, Co-Head of Fixed Income, shares his insights on the current interest rate cycle ...

Hybrids: The how and why Market Insights

Hybrids: The how and why

March 22, 2024

Hybrid securities can offer investors equity-like returns, yet with a lower level of risk. In this piece developed in conjunction with Money Management, Co-Head of ...

The Rate Debate – Ep47 Featured, Market Insights, Podcast

The Rate Debate – Ep47

March 20, 2024

Episode 47: Tuesday 19th March 2024   RBA loosens its grip: the end of a tightening era? The RBA has scrapped any hints of potential ...

Why reframing fixed income is key to portfolio stability Market Insights

Why reframing fixed income is key to portfolio stability

March 15, 2024

Conventional portfolio construction theory positions equities as the primary driver of returns, while fixed income typically takes a back seat as a low-return and low-risk ...

Small cap underperformance bringing more opportunities  Media Centre

Small cap underperformance bringing more opportunities 

March 1, 2024

Portfolio Manager Michael Steele sat down with Andrew Geoghegan from ausbiz to unpick some of the key themes emerging from the Feb reporting period for ...

Feb 2024 Reporting Season Wrap Media Centre

Feb 2024 Reporting Season Wrap

March 1, 2024

Portfolio Managers Marcus Ryan (Large caps), Michael Steele (Small caps) and Joel Fleming (Microcaps) sit down with Chris Conway from Livewire Markets to take a ...

Future Quality Insights: Navigating the AI arms race Featured, Market Insights

Future Quality Insights: Navigating the AI arms race

February 28, 2024

As investment managers, one of the most important – but also one of the hardest – things to do is knowing when to admit you’ve ...

Tim Toohey: What’s driving the surge in emerging market demand? Featured, Market Insights

Tim Toohey: What’s driving the surge in emerging market demand?

February 28, 2024

Emerging market economies have accelerated strongly from their cyclical trough in mid-2023. Normally, such a rise would be greeted with enthusiasm and much discussion amongst ...

Joel Fleming: Three microcap stocks to watch this reporting season Media Centre

Joel Fleming: Three microcap stocks to watch this reporting season

February 16, 2024

Joel Fleming, Microcaps Portfolio Manager, sits down with Ausbiz’s Juliette Saly to talk through some of his early observations from reporting season thus far, and ...

Dion Hershan: Sidestepping the Supply Driven Carnage Featured, Market Insights

Dion Hershan: Sidestepping the Supply Driven Carnage

February 15, 2024

The carnage in lithium and nickel markets through 2023 should be a stark reminder for all investors: supply matters. In his latest Insight piece, Dion ...

The Rate Debate – Ep46 Featured, Market Insights, Podcast

The Rate Debate – Ep46

February 6, 2024

Episode 46: Tuesday 6th February 2024   New regime, same outcome The RBA may have started its new regime of two-day meetings and press conferences ...

Michael Steele: Small caps ready for 2024 boost Media Centre

Michael Steele: Small caps ready for 2024 boost

January 29, 2024

Small caps co-Portfolio Manager Michael Steele sits down with Nadine Blayney, Head of News at ausbiz, to discuss the outlook for small companies for 2024 ...

It’s quality time for Global Equities Featured, Market Insights

It’s quality time for Global Equities

January 17, 2024

In times of change, new market leaders will emerge Financial regulators like to say that past investment performance is not a clear indicator of future ...

Tim Toohey: March 2024 Quarter Update Featured, Market Insights

Tim Toohey: March 2024 Quarter Update

January 16, 2024

In our last quarterly outlook, Tim Toohey (Head of Macro and Strategy) called for a solid bounce in the final quarter of 2023 And what ...

There’s great interest in bonds Market Insights

There’s great interest in bonds

January 16, 2024

Irrespective of how 2024 plays out for the economy and markets, fixed income will continue to play an important role in investor portfolios. With risk-free ...

Joel Fleming: The #1 stock picks for 2024 Media Centre

Joel Fleming: The #1 stock picks for 2024

January 9, 2024

Joel Fleming, Microcaps Portfolio Manager sat down with James Marlay from Livewire Markets for the latest episode in their Outlook series. Joel discusses his top ...

Why there’s no stopping credit yield Featured, Market Insights

Why there’s no stopping credit yield

January 9, 2024

The year ahead promises to be one where active managers will be rewarded for superior security selection as they navigate rising impairments across Australia’s high ...

Small cap sector underperformance is creating an opportunity Featured, Market Insights

Small cap sector underperformance is creating an opportunity

December 21, 2023

As we look ahead to 2024 – a year which will likely remain a challenging investing environment – a number of themes are apparent. Here ...

Where credit investors should be positioned ahead of the next 12 months Featured, Market Insights

Where credit investors should be positioned ahead of the next 12 months

December 20, 2023

Equity-like returns are available in hybrids reflecting robust corporate balance sheets. However, the potential impact of APRA’s discussion paper on Australian Tier 1 (AT1) capital ...

Reflation, not recession Featured, Market Insights

Reflation, not recession

December 18, 2023

If 2023 was a year when the most overly anticipated global recession failed to arrive, then 2024 looks set to surprise as the year of ...

Microcaps set to make a big return Featured, Market Insights

Microcaps set to make a big return

December 15, 2023

Despite the challenges faced by consumers, microcap companies that can thrive amid broader economic conditions offer exciting potential for outsized returns in the period ahead.  ...

Michael Steele: What does 2024 hold for small caps? Media Centre

Michael Steele: What does 2024 hold for small caps?

December 15, 2023

Small caps co-Portfolio Manager Michael Steele sits down with Juliette Saly from ausbiz to detail his optimism for the smaller companies market moving into 2024 ...

Future Quality Insights: New learning, new regime Featured, Market Insights

Future Quality Insights: New learning, new regime

December 12, 2023

Over recent weeks, the UK has experienced a spell of turbulent weather conditions, characterised by persistent rain and gusty winds. Amidst this turbulence, taking a ...

The Rate Debate – Ep45 Featured, Market Insights, Podcast

The Rate Debate – Ep45

December 5, 2023

Episode 45: Tuesday 5th December 2023 Is Australia set for a soft or hard landing in 2024? The RBA has granted a festive reprieve for ...

Microcaps: Copper a key piece of the puzzle Media Centre

Microcaps: Copper a key piece of the puzzle

December 4, 2023

Joel Fleming, Microcaps Portfolio Manager, sits down with Ausbiz’s Andrew Geoghegan to talk through the current conditions facing the Australian small and microcap sector. Joel ...

Why now is not the time to be passive in fixed income Market Insights

Why now is not the time to be passive in fixed income

November 24, 2023

Investors are increasingly directing their fixed income portfolios towards passive Exchange-Traded-Funds (ETFs) and term deposits (TDs) for cost-efficiency. However, this move may undervalue the risks ...

Tim Toohey: Big Super’s Big Impacts Featured, Market Insights

Tim Toohey: Big Super’s Big Impacts

November 22, 2023

There is something strange in Australian policy debate. There is a lamentable consensus that the transmission mechanism of monetary policy works predominately via the 30% ...

Michael Steele: Small Caps Remain Compelling Media Centre

Michael Steele: Small Caps Remain Compelling

November 17, 2023

Michael Steele, Small Caps Co-Portfolio Manager, sits down with Ausbiz’s Nadine Blayney to discuss his observations from AGM season, touching on the outlook for small ...

The Rate Debate – Ep44 Featured, Market Insights, Podcast

The Rate Debate – Ep44

November 8, 2023

Episode 44: Tuesday 7th November 2023 Is “funflation” fuelling rising interest rates? The RBA delivers a Melbourne Cup rate hike to curb persistent inflation. Rising ...

Phil Strano: Can Corporate Hybrids Rescue the Office REITs? Featured, Market Insights

Phil Strano: Can Corporate Hybrids Rescue the Office REITs?

November 6, 2023

If current share prices accurately reflect the extent of the forthcoming property devaluation cycle, many Office A-REITs will be in breach of their gearing thresholds ...

Dion Hershan: Identifying Future Small Caps Featured, Market Insights

Dion Hershan: Identifying Future Small Caps

October 27, 2023

In a world where macro news is nothing short of chaotic and confusing, it’s worth focusing on the micro for a change. In his latest ...

Future Quality Insights: Focus on the knowns in an era of unknowns Featured, Market Insights

Future Quality Insights: Focus on the knowns in an era of unknowns

October 23, 2023

The Future Quality approach to navigating uncertainty Key takeaways: We are currently in the midst of a regime change to a world of slower growth, ...

Michael Steele: Two mining stock selections Media Centre

Michael Steele: Two mining stock selections

October 20, 2023

Michael Steele, Small Caps Co-Portfolio Manager, sits down with Ausbiz’s Andrew Geoghegan to discuss the potential outlook for small cap stocks particularly those in the ...

Joel Fleming: Microcap stock picks Media Centre

Joel Fleming: Microcap stock picks

October 9, 2023

Joel Fleming, Microcaps Portfolio Manager, sat down with ausbiz’s Andrew Geoghegan to discuss the microcaps market and why it presents good opportunities. Joel acknowledges the ...

Tim Toohey: December 2023 Quarter Update Featured, Market Insights

Tim Toohey: December 2023 Quarter Update

October 6, 2023

The September 2023 quarter saw the ASX 200 return -0.8% (q/q), with global equities declining a more weighty -3.5% (q/q) if you were hedged against ...

The Rate Debate – Ep43 Featured, Market Insights, Podcast

The Rate Debate – Ep43

October 4, 2023

Episode 43: Tuesday 3rd October 2023 What’s driving higher bond yields? September was a tough month for the fixed-rate bond market, but on the flip ...

Phil Strano: The looming default cycle threatens private credit Featured, Market Insights

Phil Strano: The looming default cycle threatens private credit

September 26, 2023

In recent months, much has been written about the looming default cycle. The tightening of lending standards in the US does not augur well for ...

Michael Steele: Why small caps are set for a bounce back Media Centre

Michael Steele: Why small caps are set for a bounce back

September 15, 2023

Michael Steele, Small Caps Co-Portfolio Manager, sits down with Ausbiz’s Nadine Blayney to discuss the sector and stock that stood out this reporting season and ...

Unpacking earnings season Featured, Market Insights

Unpacking earnings season

September 13, 2023

Marcus Ryan (Co-PM, Broadcap Equities), Ed Waller (Co-PM, Ex-20 Equities), Michael Steele (Co-PM, Smallcaps) and Joel Fleming (PM, Microcaps) look back at the August 2023 ...

The Rate Debate – Ep42 Featured, Market Insights, Podcast

The Rate Debate – Ep42

September 5, 2023

Episode 42: Tuesday 5th September 2023 Inflation has peaked Outgoing Reserve Bank governor Philip Lowe finished his tenure as he began by keeping rates on ...

Joel Fleming: The promising sectors out of this reporting season Media Centre

Joel Fleming: The promising sectors out of this reporting season

September 1, 2023

Joel Fleming, Microcaps Portfolio Manager, sat down with ausbiz’s Andrew Geoghegan to provide a wrap up of the August reporting period. Joel discussed the sectors ...

Phil Strano: Are you missing out on supercharged income? Featured, Market Insights

Phil Strano: Are you missing out on supercharged income?

August 29, 2023

After a market wobbles, sometimes comes the investment opportunity of a ...

Michael Steele: Are small caps going to exceed expectations? Media Centre

Michael Steele: Are small caps going to exceed expectations?

August 19, 2023

Michael Steele, Small Caps Co-Portfolio Manager, sees positive signs for small companies this reporting season, even in the face of negative market projections. Michael sits ...

Joel Fleming: Three microcaps with huge potential Media Centre

Joel Fleming: Three microcaps with huge potential

August 8, 2023

Joel Fleming, Microcaps Portfolio Manager, sits down with Nadine Blayney from ausbiz to provide an early preview of the August reporting period. Joel touches on ...

Tim Toohey: Signal or Noise? Media Centre

Tim Toohey: Signal or Noise?

August 7, 2023

Tim Toohey, Head of Macro and Strategy, sat down with Hans Lee from Livewire Markets last week for the latest episode in their ‘Signal or Noise’ series. Tim is joined ...

Marcus Ryan: Are Retail A-REITs finally on sale? Featured, Market Insights

Marcus Ryan: Are Retail A-REITs finally on sale?

August 7, 2023

In this latest insights piece, Marcus Ryan, Deputy Portfolio Manager, details why appealing A-REIT opportunities are now beginning to emerge in owners of resilient retail ...

Phil Strano: As Good as it Gets? Featured, Market Insights

Phil Strano: As Good as it Gets?

August 4, 2023

After a prolonged period of very low returns, Australian fixed income investors are now spoilt for choice, with investment grade portfolios generating high quality ~7% ...

The Rate Debate – Ep41 Featured, Market Insights, Podcast

The Rate Debate – Ep41

August 1, 2023

Episode 41: Tuesday 1st August 2023 Uncertainty abounds in the face of economic challenges Amidst ongoing economic uncertainties, the RBA has seen fit to keep ...

Michael Steele: Expectations run adrift Featured, Market Insights, Media Centre

Michael Steele: Expectations run adrift

July 21, 2023

Michael Steele, co-Portfolio Manager of the Yarra Australian Smaller Companies Strategy, sits down with ausbiz to preview the coming August reporting and details why we ...

Michael Steele: Meaningful earnings downgrades to come Featured, Market Insights

Michael Steele: Meaningful earnings downgrades to come

July 21, 2023

The upcoming reporting season is likely to be a challenging one for the smaller companies market, with meaningful earnings downgrades to come. Michael Steele, Co-Portfolio ...

The Rate Debate – Ep40 Featured, Market Insights, Podcast

The Rate Debate – Ep40

July 4, 2023

Episode 40: Tuesday 4th July 2023 The winners and losers The RBA has paused on hiking rates (for now) creating some big winners and losers. ...

Dion Hershan: Confirmation bias and pyrrhic victories Featured, Market Insights

Dion Hershan: Confirmation bias and pyrrhic victories

July 4, 2023

We may be entering a rewarding period for investors and commentators making doomsday predictions, there could well be pyrrhic victories though. In this latest insights ...

Tim Toohey: RBA’s Shifting of Goal Posts Risks a Hard Landing Featured, Market Insights

Tim Toohey: RBA’s Shifting of Goal Posts Risks a Hard Landing

June 22, 2023

Tim Toohey, Head of Macro and Strategy, unpicks the Reserve Bank of Australia’s recent approach to monetary policymaking and concludes the risks of an economic ...

Tim Toohey joins The Money Puzzle podcast Featured, Podcast

Tim Toohey joins The Money Puzzle podcast

June 20, 2023

Tim Toohey, Head of Macro and Strategy, joins The Australian’s The Money Puzzle podcast to provide his perspectives on the state of Australia’s residential housing ...

Tim Toohey: Sept 2023 Quarter Update Featured, Market Insights

Tim Toohey: Sept 2023 Quarter Update

June 19, 2023

Despite maintaining a view that the June quarter should have marked the top of the interest cycle for most of the developed world, global central ...

Michael Steele: Buying opportunities emerge Featured, Market Insights

Michael Steele: Buying opportunities emerge

June 16, 2023

Michael Steele, co-Portfolio Manager of the Yarra Australian Smaller Companies Strategy, sits down with ausbiz to talk small caps, giving his take on the financials ...

Yarra appoints new Investment Manager Corporate News, Media Centre

Yarra appoints new Investment Manager

June 7, 2023

Yarra Capital Management (Yarra) today announces the appointment of Jessica Ren to the role of Investment Manager within the Firm’s Fixed Income team. Jessica will ...

The Rate Debate – Ep39 Featured, Market Insights, Podcast

The Rate Debate – Ep39

June 6, 2023

Episode 39: Tuesday 6th June 2023 Monetary policy changing the goalposts Australia has been delivered another rate hike in an attempt to “quash” inflation. This ...

Joel Fleming: Navigating the small and mighty Media Centre

Joel Fleming: Navigating the small and mighty

June 6, 2023

Joel Fleming, Microcaps Portfolio Manager, catches up with Nadine Blayney from ausbiz to talk through the fear that often surrounds investing in Australian microcap companies, touching ...

Katie Hudson joins the AFR Chanticleer podcast Featured, Podcast

Katie Hudson joins the AFR Chanticleer podcast

June 2, 2023

Katie Hudson, Portfolio Manager and Head of Australian Equities Research, catches up with The Australian Financial Review’s James Thomson and Jemima Whyte for the AFR ...

Phil Strano: The Private Debt Reckoning Market Insights

Phil Strano: The Private Debt Reckoning

May 27, 2023

Investors in sub investment grade (sub-IG) private debt are facing the prospect of their first meaningful default cycle later this year and into 2024. In ...

Dion Hershan: Time for the scalpel (not the sledgehammer) Market Insights

Dion Hershan: Time for the scalpel (not the sledgehammer)

May 13, 2023

In a period where dispersion in markets is set to rise from depressed levels and volatility will widen further, stock picking and making active and ...

Joel Fleming: Lessons in resilience Media Centre

Joel Fleming: Lessons in resilience

May 5, 2023

Joel Fleming, Microcaps Portfolio Manager, sits down with Nadine Blayney from ausbiz to share his insights from the Macquarie Conference, the unofficial start of confession ...

The Rate Debate – Ep38 Featured, Market Insights, Podcast

The Rate Debate – Ep38

May 3, 2023

Episode 38: Tuesday 2nd May 2023 Mixed Signals from RBA creating market confusion Hitting the economy with surprise after surprise, the RBA takes another fresh ...

Turmoil highlights virtues of Australian Bank T2s Featured, Market Insights

Turmoil highlights virtues of Australian Bank T2s

April 23, 2023

It has been a fascinating recent few weeks for hybrid market participants following the forced merger of Credit Suisse and ...

The Rate Debate – Ep37 Featured, Market Insights, Podcast

The Rate Debate – Ep37

April 5, 2023

Episode 37: Tuesday 4th April 2023 Did the RBA fuel the fire or douse the flames? Despite the RBA’s massive rate “U-turn” and their insistence ...

Feb 2023 Reporting Season Summary Featured, Market Insights

Feb 2023 Reporting Season Summary

March 30, 2023

Michael Steele and Joel Fleming look back at the Feb 2023 reporting period and detail why they're positive on the ...

Tim Toohey: Banking crisis far from over Featured, Market Insights

Tim Toohey: Banking crisis far from over

March 24, 2023

The failure of several regional US banks is not a harbinger of the next Global Financial Crisis (GFC). ...

Hybrids: Opportunities Abound Featured, Market Insights

Hybrids: Opportunities Abound

March 22, 2023

It has been a fascinating recent few weeks for hybrid market participants following the forced merger of Credit Suisse and ...

Tim Toohey: June 2023 Quarter Update Featured, Market Insights

Tim Toohey: June 2023 Quarter Update

March 14, 2023

Tim Toohey details the long history of banking crises in the US and explains why he still favours local bonds in the current ...

Katie Hudson: Never a better time to be a female investor Media Centre

Katie Hudson: Never a better time to be a female investor

March 10, 2023

Katie Hudson, Portfolio Manager and Head of Australian Equities Research, recently sat down with Glenn Freeman from Livewire Markets to discuss her career reflections as ...

The Rate Debate – Ep36 Featured, Market Insights, Podcast

The Rate Debate – Ep36

March 8, 2023

Episode 36: Tuesday 7th March 2023 How many times can the RBA say “just one more time”? After hiking for the tenth consecutive month, the ...

Tim Toohey: This is going to hurt Featured, Market Insights

Tim Toohey: This is going to hurt

March 6, 2023

In his latest whitepaper, Tim Toohey, Head of Macro and Strategy, looks at the most recent data set from the Australian Bureau of Statistics and ...

A Year for Higher Quality Income Market Insights

A Year for Higher Quality Income

March 2, 2023

Following a year of significant bond market volatility, Phil Strano has come into 2023 in a great position to generate strong defensive income from his ...

The Rate Debate – Ep35 Featured, Market Insights, Podcast

The Rate Debate – Ep35

February 8, 2023

Episode 35: Tuesday 7th February 2023 Is the RBA setting monetary policy in the rear-view mirror? At its first meeting for 2023, the RBA hiked ...

Katie Hudson’s 2023 Australian Equity Outlook Featured, Market Insights

Katie Hudson’s 2023 Australian Equity Outlook

February 6, 2023

In her first video update of the year, Katie Hudson, Head of Australian Equities Research, believes investors shouldn’t wait for the bottom of the earnings ...

Chris Rands: When inflation meets recession Market Insights

Chris Rands: When inflation meets recession

February 1, 2023

As 2022 took to its curtain call, we look back at a harsh year in stocks and bonds. While this new year has little new ...

Roy Keenan’s 2023 Fixed Income Outlook Featured, Market Insights

Roy Keenan’s 2023 Fixed Income Outlook

January 30, 2023

Roy Keenan, Co-Head of Australian Fixed Income, provides his assessment for the year just gone, details the three things that matter most right now, and ...

Battleground ESG issues for 2023 Featured, Market Insights

Battleground ESG issues for 2023

January 27, 2023

Dr Erin Kuo, Yarra’s Chief Sustainability Officer, details her views on the likely key sustainability for the year ahead. As we look forward to the ...

Dion Hershan’s stock for the year ahead Featured, Market Insights

Dion Hershan’s stock for the year ahead

January 24, 2023

Dion Hershan, Executive Chairman and Head of Australian Equities, recently sat down with Livewire Markets for their much anticipated #1 stock picks for 2023. Take ...

Katie Hudson joins AFR Chanticleer podcast Featured, Market Insights

Katie Hudson joins AFR Chanticleer podcast

December 16, 2022

Katie Hudson, Head of Australian Equities Research, sits down with the Australian Financial Review’s Tony Boyd and James Thomson as their inaugural guest on the ...

Bonds the natural place for 1Q23 Featured, Market Insights

Bonds the natural place for 1Q23

December 14, 2022

With a challenging year for the global economy now fast drawing to a close, investors are rightly focused on the outlook for markets as we ...

Cashflow pothole in energy transition journey Featured, Market Insights

Cashflow pothole in energy transition journey

December 12, 2022

By now, people whose eyes don’t immediately glaze over once discussions of personal or national budget are broached are well aware of an upcoming spike ...

The Rate Debate – Ep34 Featured, Market Insights, Podcast

The Rate Debate – Ep34

December 7, 2022

Episode 34: Tuesday 6th December 2022 2023 predictions on the economy, inflation and the fixed-rate mortgage cliff The RBA delivered an eighth-straight rate hike to ...

Joel Fleming: The 2023 outlook for microcaps Market Insights

Joel Fleming: The 2023 outlook for microcaps

November 29, 2022

Joel Fleming, Microcaps Portfolio Manager, catches up with Andrew Geoghegan to detail why he believes corporate earnings will be under pressure in the New Year, ...

Chris Rands: Investing when central bank policy splinters Market Insights

Chris Rands: Investing when central bank policy splinters

November 25, 2022

Chris Rands, Co-Portfolio Manager of the Yarra Australian Bond Fund, sits down with Andrew Geoghegan from ausbiz to discuss central bank policy dispersion and whether ...

APRA’s ‘Uneconomic’ Refinancings: Own Goal in the Making Market Insights

APRA’s ‘Uneconomic’ Refinancings: Own Goal in the Making

November 22, 2022

With the RBA continuing to stoke market volatility as it ratchets interest rates higher, it seems APRA, Australia’s other financial regulator, is eager to get ...

Economists are idiots! Featured, Market Insights

Economists are idiots!

November 16, 2022

As a long-time card-carrying member of the economics fraternity Tim Toohey doesn’t say this lightly: economists are idiots. Worse still, the forecasts made by the ...

The Rate Debate – Ep33 Featured, Market Insights, Podcast

The Rate Debate – Ep33

November 2, 2022

Episode 33: Tuesday 1st November 2022 Storm clouds continue to gather in global markets The RBA hiked rates for the seventh consecutive month as it ...

Yarra Appoints Inaugural Chief Sustainability Officer Corporate News

Yarra Appoints Inaugural Chief Sustainability Officer

October 27, 2022

Melbourne, 27 October 2022: Yarra Capital Management (Yarra) today announced the appointment of Dr Erin Kuo as the Firm’s Chief Sustainability Officer. Based in Melbourne, ...

Listening to the Wind of Change Market Insights

Listening to the Wind of Change

October 14, 2022

For fixed income investors running an active investment approach, the recent widening in credit margins is bringing a plethora of opportunities to simultaneously trade up ...

Four key reasons for adding risk into Q4 Featured, Market Insights

Four key reasons for adding risk into Q4

October 7, 2022

It’s probably one of the great understatements to describe markets in the third quarter as “challenging”, with July’s initial bounce in global equities giving way ...

Yarra Launches Private Market Equity Capability Corporate News

Yarra Launches Private Market Equity Capability

October 6, 2022

Melbourne, 6 October 2022: Yarra Capital Management (Yarra) today announced the launch of the Yarra Private Capital Discovery Fund, its first Private Market equity offering, ...

The Rate Debate – Ep32 Featured, Market Insights, Podcast

The Rate Debate – Ep32

October 5, 2022

Episode 32: Tuesday 4th October 2022 Are central banks at risk of blowing up markets? The RBA hiked rates for the sixth consecutive month. With ...

Unpicking the August reporting period Featured, Market Insights

Unpicking the August reporting period

September 12, 2022

Against a backdrop characterised by continued geopolitical instability, rising interest rates, skyrocketing cost inflation and the tightest labour market in living memory, how should Australian ...

The Rate Debate – Ep31 Featured, Market Insights, Podcast

The Rate Debate – Ep31

September 7, 2022

Episode 31: Tuesday 6th September 2022 No sign of pause from the RBA as the risk of mortgage stress intensifies Australia’s central bank has now ...

Is the best value for Australian credit not in Australia? Market Insights

Is the best value for Australian credit not in Australia?

August 29, 2022

While Australian Major Bank T1s are rightly held in high regard, their USD-issued equivalents now trade at a substantial premium and offer much higher risk-adjusted ...

The Rate Debate – Ep30 Featured, Market Insights, Podcast

The Rate Debate – Ep30

August 3, 2022

Episode 30: Tuesday 2nd August 2022 Can the RBA thread the needle? After hiking for the fourth consecutive month, the RBA’s tone has shifted to ...

Yarra announces new Distribution team leadership Corporate News

Yarra announces new Distribution team leadership

August 2, 2022

Yarra Capital Management (Yarra) today announced promotions within its growing distribution team, with Nick Green promoted to Head of Institutional and Rommel Hacopian promoted to ...

Why are we so afraid of normal? Featured, Market Insights

Why are we so afraid of normal?

July 25, 2022

Dion Hershan, Head of Australian Equities, details why he believes the panic in markets today appears excessive. There has been an extreme bout of panic ...

Tim Toohey: the three coming events that matter most Featured, Market Insights

Tim Toohey: the three coming events that matter most

July 11, 2022

There was no reprieve in financial markets in the closing months of the financial year, in fact the losses sustained in bonds and equities in ...

Inflation, volatility and unreliable central banks Media Centre

Inflation, volatility and unreliable central banks

July 7, 2022

It’s been a challenging year for fixed income investors as high inflation and hawkish central banks combined to spark one of the largest routs witnessed ...

The Rate Debate – Ep29 Featured, Market Insights, Podcast

The Rate Debate – Ep29

July 6, 2022

Episode 29: Tuesday 5th July 2022 Leaders indicators warn of global recession Central banks state they are not seeing signs of a recession as they ...

Wary on High-Yield and Private Debt Featured, Market Insights

Wary on High-Yield and Private Debt

June 28, 2022

Phil Strano, Portfolio Manager of the Yarra Higher Income Fund, details why investment grade credit appears well placed to outperform the high-yield and private debt ...

Tim Toohey: A real and rising probability of recession Featured, Media Centre

Tim Toohey: A real and rising probability of recession

June 15, 2022

In this interview with ausbiz held just prior to the US Federal Reserve hiking  rates by 75bps – the largest increase in 28 years – ...

RBA ignores weaker real economy and hikes Featured, Market Insights

RBA ignores weaker real economy and hikes

June 8, 2022

The RBA hikes interest rates by 50 bps and now appears to be playing catch-up after failing to detect the inflation threat early enough. A ...

The Rate Debate – Ep28 Featured, Market Insights, Podcast

The Rate Debate – Ep28

June 8, 2022

Episode 28: Tuesday 7th June 2022 Has the RBA hit panic mode? With rates on the rise, higher inflation and wages below expectation, has Australia’s ...

Good luck finding an underground engineer Featured, Market Insights

Good luck finding an underground engineer

May 30, 2022

Dion Hershan, Head of Australian Equities, provides his reflections on a recent trip to Western Australia and details three key challenges facing Australia’s resources sector.  ...

Why “making dirty cleaner” is key to 2030 Featured, Market Insights

Why “making dirty cleaner” is key to 2030

May 25, 2022

As Australia resets to a more ambitious 2030 emissions target under a new Labor government, it’s time we address the largest opportunity on our pathway ...

T2 the Best Bang for Buck Featured, Market Insights

T2 the Best Bang for Buck

May 19, 2022

Phil Strano, Portfolio Manager of the Yarra Higher Income Fund, looks at why he’s favouring T2 securities in the current market environment.  We are certainly ...

Ian Macfarlane AC joins The Yarra Exchange Corporate News, Featured, Media Centre

Ian Macfarlane AC joins The Yarra Exchange

May 6, 2022

The latest instalment of The Yarra Exchange podcast, hosted by award winning journalist Mal Maiden, is now available! In episode 7, recorded in the hours ...

The forgotten asset class set to outperform in 2022 Featured, Market Insights

The forgotten asset class set to outperform in 2022

May 5, 2022

Against a backdrop of economic and geopolitical uncertainty, rising inflation and rate hikes, Australian investors are searching for investments that can benefit from these evolving ...

The Rate Debate – Ep27 Featured, Market Insights, Podcast

The Rate Debate – Ep27

May 4, 2022

What do you get when you throw a 32-year-fixed-income veteran into the room with a 32-year-old fixed income millennial? The Rate Debate. Darren Langer and ...

RBA turns hawkish Featured, Market Insights

RBA turns hawkish

May 3, 2022

The RBA has announced a 25bps rate hike and, in a hawkish turn, has flagged an intention to hike significantly further over the next 12 ...

Ukraine invasion dominates Q1 Featured, Market Insights

Ukraine invasion dominates Q1

April 12, 2022

Australian equities were a near-total anomaly in global markets last month, thanks to ongoing demand for our commodities as the Russia-Ukraine conflict intenstified. Global equities ...

Six rules for investing in hybrids Featured, Market Insights

Six rules for investing in hybrids

April 8, 2022

On the surface, hybrids can seem like a no-brainer. They pay a regular income, offer downside protection, are less volatile than equities, and can provide ...

Receding tide reveals the best opportunities Featured, Market Insights

Receding tide reveals the best opportunities

April 7, 2022

Phil Strano, Portfolio Manager of the Yarra Higher Income Fund, looks at the benefits of active management in what remains a volatile market environment.  Following ...

The Rate Debate – Ep26 Featured, Market Insights

The Rate Debate – Ep26

April 6, 2022

What do you get when you throw a 32-year-fixed-income veteran into the room with a 32-year-old fixed income millennial? The Rate Debate. Darren Langer and ...

Why your hybrid fund should be actively managed Featured, Market Insights

Why your hybrid fund should be actively managed

March 31, 2022

Hybrid securities are investments that combine elements of debt and equity. They provide a regular income, diversification benefits, and the potential for capital growth and ...

History rhymes: What to avoid in a market bubble Market Insights

History rhymes: What to avoid in a market bubble

March 30, 2022

By Iain Fulton (Portfolio Manager) and Will Low (Head of Global Equities), Nikko AM, Yarra Capital Management’s global partner For qualified institutional investors only Have ...

Three microcap budget winners Media Centre

Three microcap budget winners

March 29, 2022

Following a large sell off in higher risk parts of the market and the more illiquid part of the small and microcap universe, Joel Fleming, ...

Banks not the old oligopoly Featured, Market Insights

Banks not the old oligopoly

March 28, 2022

Dion Hershan, Head of Australian Equities, explains why Yarra’s equity funds have now moved significantly underweight Australian banks. Australia’s Big 4 banks are no longer ...

Tim Mugglestone joins Yarra Capital Corporate News, Featured

Tim Mugglestone joins Yarra Capital

March 9, 2022

Yarra Capital Management today announced that Tim Mugglestone has joined the firm as a Research Relationship Manager in its sales and distribution team. With over ...

Making sense of the February reporting period Corporate News, Featured

Making sense of the February reporting period

March 8, 2022

With geopolitical instability at the forefront and an abundance of cost pressures emerging, what should investors take from the February reporting season? ...

The Rate Debate – Ep25 Featured, Market Insights

The Rate Debate – Ep25

March 2, 2022

What do you get when you throw a 32-year-fixed-income veteran into the room with a 32-year-old fixed income millennial? The Rate Debate. Darren Langer and ...

Tim Toohey: What war in Ukraine means for investors Featured, Market Insights

Tim Toohey: What war in Ukraine means for investors

February 24, 2022

Following weeks of speculation, Russian President Vladimir Putin this week announced a “special military operation” in Ukraine, truly shocking news no matter where you are ...

History never repeats… or does it? Featured, Market Insights

History never repeats… or does it?

February 23, 2022

Phil Strano, Portfolio Manager of the Yarra Absolute Credit Fund, looks at what rising rates might mean for Australian credit investors. The current state of ...

Boring Is Beautiful Featured, Market Insights

Boring Is Beautiful

February 4, 2022

Ed Waller, Deputy Portfolio Manager of Yarra’s Ex-20 Australian Equities Strategy, details why he’s optimistic on the outlook for the listed Australian insurance sector. Insurance ...

Seeking an antidote for higher inflation Featured, Market Insights

Seeking an antidote for higher inflation

February 3, 2022

Roy Keenan, Portfolio Manager of the Yarra Enhanced Income Fund, details what higher inflation and rising interest rates mean for his floating rate portfolio.  Looking ...

The Rate Debate – Ep24 Featured, Market Insights

The Rate Debate – Ep24

February 2, 2022

What do you get when you throw a 32-year-fixed-income veteran into the room with a 32-year-old fixed income millennial? The Rate Debate. Darren Langer and ...

Tim Toohey’s Quarterly Economic Update Featured, Market Insights

Tim Toohey’s Quarterly Economic Update

January 28, 2022

When we recorded our December quarter outlook, Tim Toohey’s concluding comment was “to remain cautious on risk assets for a bit longer and await a ...

Three Themes for Small Caps in 2022 Featured, Market Insights

Three Themes for Small Caps in 2022

December 12, 2021

Michael Steele, Co-Portfolio of Yarra’s Australian Smaller Companies Equities Strategy, looks at three themes for Australian small caps moving into 2022. The significant rebound in ...

The Rate Debate – Ep23 Featured, Market Insights

The Rate Debate – Ep23

December 8, 2021

What do you get when you throw a 32-year-fixed-income veteran into the room with a 32-year-old fixed income millennial? The Rate Debate. Darren Langer and ...

Yarra announces investment team hires and promotions Corporate News, Featured

Yarra announces investment team hires and promotions

December 8, 2021

Yarra Capital Management (Yarra) is delighted to announce two new hires and two promotions within its investment teams. Rhys Corry will join Yarra as an Investment ...

Both Sides of the Credit Story Featured, Market Insights

Both Sides of the Credit Story

November 26, 2021

For Phil Strano, Portfolio Manager of the Yarra Absolute Credit Fund, having the ability to access fixed rate securities for a floating rate portfolio remains ...

Tim Toohey joins The Yarra Exchange Corporate News, Featured, Media Centre

Tim Toohey joins The Yarra Exchange

November 23, 2021

The latest instalment of The Yarra Exchange podcast, hosted by award winning journalist Mal Maiden, is now available! Mal sits down with Tim Toohey, Head ...

The Rate Debate – Ep22 Featured, Market Insights

The Rate Debate – Ep22

November 3, 2021

What do you get when you throw a 32-year-fixed-income veteran into the room with a 32-year-old fixed income millennial? The Rate Debate. Darren Langer and ...

Tim Toohey: Big trouble in shrinking China Featured, Market Insights

Tim Toohey: Big trouble in shrinking China

October 21, 2021

Few would dispute that one of the clear surprises of the September quarter was China’s heavy-handed approach to listed education, childcare and property developers. The ...

Let’s Talk About the Other 66% Featured, Market Insights

Let’s Talk About the Other 66%

October 14, 2021

David Gilmour, Portfolio Analyst & ESG Specialist, looks at the challenges for Australia to reach net zero emissions by 2050. When we think about decarbonising ...

Tim Toohey’s Quarterly Economic Update Featured, Market Insights

Tim Toohey’s Quarterly Economic Update

October 12, 2021

The third quarter of 2021 has now passed, with weaker economic data, persistent cost pressures and softer earnings growth combining with tapering threats to drive ...

The Rate Debate – Ep21 Corporate News, Featured, Market Insights

The Rate Debate – Ep21

October 6, 2021

What do you get when you throw a 32-year-fixed-income veteran into the room with a 32-year-old fixed income millennial? The Rate Debate. Darren Langer and ...

Webinar: Evolving Companies Benefiting from ESG Disruption Featured, Market Insights

Webinar: Evolving Companies Benefiting from ESG Disruption

October 5, 2021

Environmental, Social and Governance (ESG) focused investing isn’t a transitionary fad. It is here to stay for the long term as more investors switch to ...

3 key drills to investing in Future Quality companies Featured, Market Insights

3 key drills to investing in Future Quality companies

September 28, 2021

Investing drills for Paris By Will Low, Head of Global Equities, Nikko AM, Yarra Capital Management’s global partner. The Tokyo 2020 Olympics showcased athletes at ...

Four key themes in small caps Featured, Media Centre

Four key themes in small caps

September 22, 2021

Katie Hudson, Head of Australian Equities Research and Small Caps Portfolio Manager, sits down with ausbiz’s Nadine Blayney to detail some of the key themes ...

Ignore the ‘hype’ Media Centre

Ignore the ‘hype’

September 17, 2021

Dion Hershan isn’t buying all the “hype” of a bull market driven by a narrow group of factors. The executive chair and head of Australian ...

The Rate Debate – Ep20 Featured, Market Insights

The Rate Debate – Ep20

September 8, 2021

What do you get when you throw a 32-year-fixed-income veteran into the room with a 32-year-old fixed income millennial? The Rate Debate. Darren Langer and ...

The Looming Housing Excess Featured, Market Insights

The Looming Housing Excess

August 24, 2021

Analysis of Australia’s housing sector from Tim Toohey, Head of Macro and Strategy, suggests excess supply is coming on the back of historic government stimulus ...

Inflation: still sceptical? Featured, Market Insights

Inflation: still sceptical?

August 23, 2021

In this latest Australian Equities Insight, Dion Hershan, Head of Australian Equities, looks at some examples of inflation observed through the early part of the ...

7 Easy Ways to Get Hurt Featured, Market Insights

7 Easy Ways to Get Hurt

August 12, 2021

In this latest Australian Equities Insight, Dion Hershan, Head of Australian Equities, looks at some of the easy ways for investors to get hurt in ...

How to avoid portfolio bombs Featured, Media Centre

How to avoid portfolio bombs

August 6, 2021

Katie Hudson, Portfolio Manager and Head of Australian Equities Research, sits down with Patrick Poke for Livewire’s The Rules of Investing podcast. During the discussion, ...

The Rate Debate – Ep19 Featured, Market Insights

The Rate Debate – Ep19

August 4, 2021

What do you get when you throw a 32-year-fixed-income veteran into the room with a 32-year-old fixed income millennial? The Rate Debate. Darren Langer and ...

Edward Eason appointed Managing Director Corporate News, Featured

Edward Eason appointed Managing Director

July 22, 2021

Yarra Capital Management (Yarra) is delighted to announce the appointment of Edward (Ed) Eason as Managing Director, commencing mid-August 2021. Mr Eason will have oversight ...

Fixated podcast with Darren Langer Featured, Market Insights

Fixated podcast with Darren Langer

July 14, 2021

In the latest Fixed Income News Australia podcast, host Elizabeth Moran sits down with Darren Langer, Yarra’s co-Head of Australian Fixed Income, to discuss: The Nikko Asset Management deal Darren’s ...

Tim Toohey’s Quarterly Economic Update Featured, Market Insights

Tim Toohey’s Quarterly Economic Update

July 7, 2021

The second quarter of 2021 is now complete, and it was another strong period for risk markets as markets took their cue from booming global ...

Don’t Count on a Consumer Crash Market Insights

Don’t Count on a Consumer Crash

June 24, 2021

How the Australian consumer spends will invariably change as previously closed channels re-open in the post-COVID environment. But for Dion Hershan, Head of Australian Equities, ...

Savings, Wealth and Booming Consumption Featured, Market Insights

Savings, Wealth and Booming Consumption

June 21, 2021

Tim Toohey, Head of Macro and Strategy, believes that economic fundamentals and survey data are providing very strong evidence that the current resurgence in consumption ...

Value in the eye of the (credit) beholder Featured, Market Insights

Value in the eye of the (credit) beholder

June 17, 2021

For Phil Strano, Portfolio Manager of the Yarra Absolute Credit Fund, understanding a security’s structure is paramount to value assessment and a robust investment process. In ...

Why are Australia’s credit zombies MIA? Featured, Market Insights

Why are Australia’s credit zombies MIA?

May 26, 2021

Phil Strano, Portfolio Manager of the Yarra Absolute Credit Fund, takes a look at the respective risk and return profiles of Yarra’s Australian credit portfolios ...

Are we now at the top of the V-shaped recovery? Featured, Market Insights

Are we now at the top of the V-shaped recovery?

May 6, 2021

Analysis of the recovery from Tim Toohey, Head of Macro and Strategy, suggests there is scope for further upgrades to economic growth consensus forecasts in ...

Yields march on, but what about credit margins? Featured, Market Insights

Yields march on, but what about credit margins?

April 20, 2021

With reflation trade sentiment now mainstream, attention has turned to the impact that higher bond yields will have on risk assets and, more specifically, credit ...

Tim Toohey: The 5 key factors to watch for Q2 Featured, Market Insights

Tim Toohey: The 5 key factors to watch for Q2

April 19, 2021

The first quarter of 2021 is now complete and it turned out to be a bumpy quarter for many investors, despite the reflation narrative remaining ...

Yarra completes acquisition of Nikko AM’s Australian business Corporate News, Featured

Yarra completes acquisition of Nikko AM’s Australian business

April 12, 2021

Yarra Capital Management (Yarra) confirms that it has now completed the acquisition of Nikko Asset Management’s Australian ...

Dion Hershan joins The Yarra Exchange Corporate News, Featured, Media Centre

Dion Hershan joins The Yarra Exchange

April 1, 2021

The latest instalment of The Yarra Exchange podcast, hosted by award winning journalist Mal Maiden, is now available! Mal sits down with Dion Hershan, Yarra ...

Deeper dive: SEEK Featured, Market Insights

Deeper dive: SEEK

March 29, 2021

Roy Keenan, Head of Australian Fixed Income and Portfolio Manager of the Yarra Enhanced Income Fund, details the backdrop to one of the Fund’s key ...

Fond memories Featured, Market Insights

Fond memories

March 24, 2021

With the post-COVID economic recovery exceeding expectations, Dion Hershan, Head of Australian Equities, looks at the potential return of cyclical companies.   As the market grapples ...

Rates to rise with long-term inflation expectations Featured, Media Centre

Rates to rise with long-term inflation expectations

March 23, 2021

Being the first to know when interest rates will start rising again can be worth a lot of money, and investors at Yarra Capital Management ...

Fixed Income Update: What do we own (and why)? Featured, Market Insights

Fixed Income Update: What do we own (and why)?

March 23, 2021

Roy Keenan (Head of Fixed Income) provides an interactive update on the outlook for Australian credit and where his team sees opportunities in the current ...

Rising inflation expectations key for asset markets Featured, Market Insights

Rising inflation expectations key for asset markets

March 22, 2021

Tim Toohey, Head of Macro and Strategy, sees potential for the US Federal Reserve’s inflation thresholds to be met ahead of expectations, and believes the ...

Industrials prove their worth Featured, Market Insights

Industrials prove their worth

March 15, 2021

Phil Strano, Portfolio Manager of the Yarra Absolute Credit Fund, explains the recent significant outperformance of Industrials, looks at current valuations and details why he’s ...

Subdued supply to drive further outperformance Featured, Market Insights

Subdued supply to drive further outperformance

March 4, 2021

Phil Strano, Portfolio Manager of the Yarra Absolute Credit Fund, explains why he expects the supply of new income securities will be limited in 2021.  ...

Yarra enters into partnership with Nikko Asset Management Corporate News, Featured

Yarra enters into partnership with Nikko Asset Management

March 2, 2021

Yarra enters into partnership with Nikko Asset ...

Does the TFF’s demise spell an end for smooth sailing? Featured, Market Insights

Does the TFF’s demise spell an end for smooth sailing?

February 19, 2021

Phil Strano, Portfolio Manager of the Yarra Absolute Credit Fund, looks at Australia’s Term Funding Facility and what its demise means for debt investors.  At ...

Deeper dive: David Jones Featured, Market Insights

Deeper dive: David Jones

February 15, 2021

Roy Keenan, Head of Australian Fixed Income and Portfolio Manager of the Yarra Enhanced Income Fund, details the backdrop to one of the Fund’s key ...

How is 2021 shaping up for Australian credit? Featured, Market Insights

How is 2021 shaping up for Australian credit?

February 4, 2021

Roy Keenan (Head of Fixed Income) provides an interactive update on the outlook for Australian credit and where his team sees opportunities in the current ...

Deeper dive: APPF Featured, Market Insights

Deeper dive: APPF

February 1, 2021

Roy Keenan, Head of Australian Fixed Income and Portfolio Manager of the Yarra Enhanced Income Fund, details the backdrop to one of the Fund’s key ...

Microcaps: Opportunities abound Featured, Market Insights

Microcaps: Opportunities abound

January 29, 2021

Joel Fleming, Microcaps Portfolio Manager at Yarra Capital Management, sits down with Warrick Lace at Reach Markets to talk about the Australian economy, some of the emerging ...

Searching for income? Help is on its way! Featured, Market Insights

Searching for income? Help is on its way!

January 22, 2021

Phil Strano, Portfolio Manager of the Yarra Absolute Credit Fund, believes Australian credit offers an array of interesting income opportunities.  Happy New Year to all ...

Healthcare outlook rests on vaccine rollout Featured, Media Centre

Healthcare outlook rests on vaccine rollout

January 14, 2021

In a year that has been so heavily dominated by healthcare due to the COVID-19 outbreak, there are many more health company losers than winners, ...

RBA’s biggest COVID challenge lies ahead Featured, Media Centre

RBA’s biggest COVID challenge lies ahead

January 5, 2021

After almost a year of fighting the heavy damage inflicted by the worst economic crisis since the Great Depression, the RBA now has to grapple ...

Is the Australian economy set to run in 2021? Featured, Market Insights

Is the Australian economy set to run in 2021?

December 23, 2020

With a challenging year for the global economy now fast drawing to a close, Australian investors are rightly focused on the domestic market’s settings moving into 2021. ...

2021 Global Macroeconomic Outlook Featured, Market Insights

2021 Global Macroeconomic Outlook

December 18, 2020

While there’s no question that 2020 has been an incredibly challenging year for the global economy, how is activity shaping up for the year ahead? ...

Roy Keenan tackles The Yarra Exchange Corporate News, Featured, Media Centre

Roy Keenan tackles The Yarra Exchange

December 16, 2020

In the final instalment of The Yarra Exchange podcast for 2020, host Malcom Maiden sits down with Roy Keenan, Head of Australian Fixed Income and ...

Vacations might not be the only thing ‘staying local’ Featured, Market Insights

Vacations might not be the only thing ‘staying local’

December 14, 2020

Dion Hershan, Head of Australian Equities, looks at why local investors might be inclined to ‘stay local’ in the year ahead.   Australian investors are known ...

Australian economy leads the US for relative growth Featured, Media Centre

Australian economy leads the US for relative growth

December 4, 2020

Records were shattered by iron ore producer Fortescue Metals Group and Rio Tinto as shares traded at a 12-year high on an incredible rally in ...

ASX heads for a post-recession profit surge Featured, Media Centre

ASX heads for a post-recession profit surge

November 26, 2020

For Yarra Capital Management portfolio manager Katie Hudson, the market’s surge back into the black for 2020 makes perfect sense considering the enormous and unprecedented ...

Katie Hudson joins The Yarra Exchange Corporate News, Featured, Media Centre

Katie Hudson joins The Yarra Exchange

November 26, 2020

The next instalment of The Yarra Exchange podcast, hosted by award winning journalist Mal Maiden, is now available! In this wide ranging and engaging episode, Mal ...

Word of the Year – 2021? Featured, Market Insights

Word of the Year – 2021?

November 23, 2020

Dion Hershan, Head of Australian Equities, looks at the opportunities that are emerging from a bleak 2020.   It should come as no surprise that 2020’s ...

Time Called on NAB’s Perpetual Golden Egg Featured, Market Insights

Time Called on NAB’s Perpetual Golden Egg

November 20, 2020

Roy Keenan, Head of Australian Fixed Income, looks at Yarra Capital Management’s experience investing in the National Income Securities.  News from the National Australia Bank ...

Can credit replace lost dividends in a zero-rate world? Featured, Media Centre

Can credit replace lost dividends in a zero-rate world?

November 16, 2020

For Credit Portfolio Manager Phil Strano, as we near the end of 2020 it’s become clear that not all debt or equity is created equally. ...

Set Sail for Home Featured, Market Insights

Set Sail for Home

November 9, 2020

Phil Strano, Portfolio Manager of the Yarra Absolute Credit Strategy, details why he believes the post-pandemic recovery shaping up well for Australian credit investors.  The ...

The dilemma facing Australian savers Featured, Media Centre

The dilemma facing Australian savers

November 4, 2020

The RBA specifically says it wants asset prices to rise as it joins the world’s central banks in quantitative easing. Shares and property will be ...

Why WAAAX stocks have a revenue durability problem Featured, Media Centre

Why WAAAX stocks have a revenue durability problem

October 23, 2020

The WAAAX basket of stocks has increased 53% during CY20, outperforming the ASX 200 by 66%. But Katie Hudson, Yarra Capital Management’s Head of Australian ...

Tech earnings not immune to COVID-19 Featured, Market Insights

Tech earnings not immune to COVID-19

October 22, 2020

Katie Hudson, Head of Australian Equities Research and Michael Steele, Small Cap Co-Portfolio Manager, take a look at the outlook for Australia’s famed technology sector.   ...

Are BBBs the Key in a Low Yielding World? Featured, Market Insights

Are BBBs the Key in a Low Yielding World?

October 22, 2020

Phil Strano, Portfolio Manager of the Yarra Absolute Credit Strategy, looks at the opportunites for income in the BBB corporate space, where he sees compelling ...

RBA pivot raises more questions than answers Featured, Market Insights

RBA pivot raises more questions than answers

October 16, 2020

The Reserve Bank of Australia (RBA) has announced the biggest change to the monetary regime since 1993. A change announced without notice, without debate, and without ...

Return of the A$ corporate hybrid market Featured, Market Insights

Return of the A$ corporate hybrid market

October 9, 2020

Phil Strano, Portfolio Manager of the Yarra Absolute Credit Strategy, looks at the current state of the Australian corporate hybrid market.  Many of us old ...

REIT credit underpinned by bricks and clicks Featured, Market Insights

REIT credit underpinned by bricks and clicks

September 17, 2020

COVID-19 and the ensuing economic damage has called into question the safety of Australia’s REITs and their safe haven status. In this note, Phil Strano, ...

Scouring for Microcap COVID winners Featured, Market Insights

Scouring for Microcap COVID winners

September 14, 2020

Joel Fleming, Microcap Portfolio Manager, looks the August reporting season in the micro cap equities space, where COVID-19 is bringing opportunities for many companies given ...

Finding Value in the COVID-4 Featured, Market Insights

Finding Value in the COVID-4

September 14, 2020

Dion Hershan, Head of Australian Equities, looks at the August reporting season in the large cap equities space, where he assessed company results based on ...

“Buy July” Caution as Retail Takes Off Featured, Market Insights

“Buy July” Caution as Retail Takes Off

September 14, 2020

Katie Hudson, Head of Australian Equities Research and Small Cap Portfolio Manager, looks the August reporting season in the small cap equities space, where the ...

The Consumer Paradox Featured, Market Insights

The Consumer Paradox

August 26, 2020

The Australian consumer was dormant for years heading into 2020, with muted growth blamed on low confidence and a lack of wage growth. Many posed ...

Australian Equities team promotes four Corporate News, Featured

Australian Equities team promotes four

August 19, 2020

In recognition of the continued development of its staff, Yarra Capital Management is excited to announce a range of promotions within its Australian equities investment ...

Office values face COVID-19 heat Featured, Media Centre

Office values face COVID-19 heat

August 5, 2020

Commercial office property was on a roll before COVID-19 hit, with record growth in rental income and the lowest cap rates in 30 years. But ...

Office REITs: Focussing on what we know Featured, Market Insights

Office REITs: Focussing on what we know

July 31, 2020

COVID-19 has brought with it widespread shutdowns that have required many Australians to work from home. Is a perfect storm brewing in Australia’s Office REIT sector? ...

Mark Lazberger joins Yarra Capital Corporate News, Featured

Mark Lazberger joins Yarra Capital

July 20, 2020

Yarra Capital Management today announced that former CEO of Colonial First State Global Asset Management Mark Lazberger has joined its Board as a Non-Executive Director. ...

Seven questions with Joel Fleming Featured, Media Centre

Seven questions with Joel Fleming

July 7, 2020

Joel Fleming speaks with The Australian Financial Review on stocks, COVID-19, assessing management teams and the holy grail for microcap investing. What’s your pick for ...

Australian housing: it pays to be conservative Featured, Market Insights

Australian housing: it pays to be conservative

July 3, 2020

The COVID-19 pandemic and subsequent economic downturn has provided resets to valuations across most asset classes. In this note, Phil Strano, Portfolio Manager of the ...

Dispersion, dislocation and opportunity Featured, Media Centre

Dispersion, dislocation and opportunity

July 1, 2020

Dion Hershan speaks with The Australian Financial Review on dispersion, dislocation and opportunity. While June 30 might mark the official end of the financial year, ...

The economy is not the stock market! Featured, Market Insights

The economy is not the stock market!

June 24, 2020

Following the ASX 200’s sharp rebound (+31% from the trough, now -16% from the Feb peak), the market is now fixated on stretched valuations. The ...

Nanosonics: a global leader in infection prevention Featured, Market Insights

Nanosonics: a global leader in infection prevention

June 3, 2020

Katie Hudson, Portfolio Manager of the Yarra Australian Smaller Companies Equity Strategy, looks at the impact of the COVID-19 on portfolio company Nanosonics.  Nanosonics is the ...

Finding Value in ‘Through The Cycle’ Balance Sheets Featured, Market Insights

Finding Value in ‘Through The Cycle’ Balance Sheets

June 1, 2020

COVID-19 has caused a large and unexpected shock (I am avoiding using the buzzwords of ‘unprecedented’ and ‘black swan’) that, among other things, has called ...

Catching the Credit Reset Featured, Market Insights

Catching the Credit Reset

May 22, 2020

Phil Strano, Portfolio Manager of the Yarra Absolute Credit Strategy, looks at the impact of the COVID-19 pandemic on Australian credit.  While the ongoing COVID-19 ...

Consumer Stimulus vs. Income Shock: Who wins? Featured, Market Insights

Consumer Stimulus vs. Income Shock: Who wins?

May 6, 2020

Record declines in employment from COVID-19 restrictions have been met with record policy stimulus. In this note, Tim Toohey, Head of Macro and Strategy at Yarra ...

Australia to emerge with V-shaped recovery Featured, Media Centre

Australia to emerge with V-shaped recovery

April 15, 2020

Tim Toohey, Head of Macro and Strategy, talks on the likely path for the Australian economy moving into the post COVID-19 recovery. Growth in the ...

Tim Toohey speaks with The Business Featured, Media Centre

Tim Toohey speaks with The Business

April 9, 2020

Tim Toohey, Head and Macro and Strategy at Yarra Capital Management, speaks with Rachel Pupazzoni from ABC’s The Business, Australia’s leading daily business and finance show, ...

How GFC winners are playing it now Featured, Media Centre

How GFC winners are playing it now

April 9, 2020

Dion Hershan, Anton Tagliaferro, David Pace and Nick Pashias outline how they’re viewing COVID-19 compared to the Global Financial Crisis (GFC) in terms of traps ...

The V-shape recession and recovery Featured, Media Centre

The V-shape recession and recovery

April 9, 2020

Tim Toohey, Head and Macro and Strategy at Yarra Capital Management, speaks with Alan Kohler about the COVID-19 pandemic, including the depth of the looming ...

COVID-19: The top 5 questions for Australia right now Featured, Market Insights

COVID-19: The top 5 questions for Australia right now

April 7, 2020

Tim Toohey, Head of Macro and Strategy at Yarra Capital Management, provides his responses to the top 5 questions he’s getting from clients during the ...

How this fundie is stress-testing stocks Featured, Media Centre

How this fundie is stress-testing stocks

April 6, 2020

Dion Hershan’s focus is on stress-testing the medium-term profits of companies. But first they need the liquidity to get there. Just six weeks ago, Dion ...

Maintaining conviction in Major Bank Hybrids Featured, Media Centre

Maintaining conviction in Major Bank Hybrids

April 3, 2020

Roy Keenan, Head of Australian Fixed Income at Yarra Capital Management, details why COVID-19…. Pandemic related volatility in ASX-listed major bank hybrids over the past ...

Hacopian lands at Yarra Media Centre

Hacopian lands at Yarra

March 26, 2020

It’s reunion time at Yarra Capital Management, as Challenger’s general manager of national accounts, research and platforms joins the team to work with an old ...

Yarra appoints new Distribution Manager Corporate News, Media Centre

Yarra appoints new Distribution Manager

March 26, 2020

Yarra Capital Management today announced the appointment of Rommel Hacopian to its Distribution team. Rommel has more than 25 years’ industry experience. He previously spent ...

COVID-19 cuts through economy Media Centre

COVID-19 cuts through economy

March 26, 2020

Up to 50,000 jobs have been axed or earmarked for cuts across corporate Australia in just days as the coronavirus hits the economy. The $325bn ...

Rollercoaster ride as volatility continues Media Centre

Rollercoaster ride as volatility continues

March 16, 2020

Investors are steeling for another fraught rollercoaster week on financial markets as Europe goes into lockdown and the US Federal Reserve prepares to slash rates, ...

The Yarra Exchange featuring Ahmed Fahour Corporate News, Featured, Media Centre

The Yarra Exchange featuring Ahmed Fahour

March 16, 2020

We are excited to announce that the second episode of our podcast, The Yarra Exchange, featuring Ahmed Fahour is now live. You can listen and subscribe ...

7 questions with Katie Hudson Featured, Media Centre

7 questions with Katie Hudson

March 11, 2020

We’ve just emerged from the weakest reporting season since the GFC. Did any company produce a result in February ahead of your expectations? It was ...

Global equity markets resuscitated by global stimulus promise Featured, Media Centre

Global equity markets resuscitated by global stimulus promise

March 4, 2020

Global equity markets snapped a week of losses on Monday as investors bet on a co-ordinated worldwide central bank action plan to inject billions of ...

The World’s Most China-Reliant Economy Reels Media Centre

The World’s Most China-Reliant Economy Reels

February 27, 2020

The coronavirus hit has exposed the extraordinary depth of Australia’s economic dependence on China and fueled questions over whether the nation is too reliant on ...

A$ catches a virus on the path to ‘fair-value’ Featured, Market Insights

A$ catches a virus on the path to ‘fair-value’

February 17, 2020

Tim Toohey, Head of Macro and Strategy at Yarra Capital Management, provides his view on modelling the Australian dollar (A$) and details his initial thoughts ...

Bracing for profit season Media Centre

Bracing for profit season

February 10, 2020

Strap yourselves in. Earnings season, which gets properly under way today, is likely to be a rocky ride, with stretched valuations in the industrials sector set to ...

How the J Curve saved a rate cut Media Centre

How the J Curve saved a rate cut

February 4, 2020

Economists wrongfooted on their February interest rate cut calls may have missed just how worthwhile the Reserve Bank of Australia’s efforts on exchange rate management ...

Introducing The Yarra Exchange Corporate News, Featured, Media Centre

Introducing The Yarra Exchange

February 3, 2020

We are excited to announce the launch of our new podcast, The Yarra Exchange. Hosted by award winning journalist Malcolm Maiden, The Yarra Exchange is ...

Value in Contrarian Credit Featured, Market Insights

Value in Contrarian Credit

January 29, 2020

Phil Strano, Portfolio Manager of the Yarra Absolute Credit Strategy, provides an update on why he’s comfortable with his fund’s exposure to Australia’s Major Banks.  ...

Three asset classes to avoid Featured, Media Centre

Three asset classes to avoid

January 20, 2020

Getting the proportions right when preparing a recipe is more important than the precise provenance of the ingredients. And it’s just the same with portfolio ...

RBA’s inflation target invites rethink Featured, Media Centre

RBA’s inflation target invites rethink

January 8, 2020

A growing number of economists believe the Reserve Bank of Australia should reduce its 2 to 3 per cent medium-term inflation target to bring it ...

Energy infrastructure should get greater share Featured, Media Centre

Energy infrastructure should get greater share

January 7, 2020

Australia’s leading economists say energy and infrastructure spending should be a higher priority if the federal government loosens its fiscal agenda, and not just roads ...

Economists warn tech is disrupting economic data Featured, Media Centre

Economists warn tech is disrupting economic data

January 6, 2020

Australia’s leading economists are desperate for further tax reform this decade, arguing cuts to corporate and personal income taxes will energise the economy by boosting ...

Tax reforms needed to energise investment Featured, Media Centre

Tax reforms needed to energise investment

January 4, 2020

Australia’s leading economists are desperate for further tax reform this decade, arguing cuts to corporate and personal income taxes will energise the economy by boosting ...

Australian companies not taking enough risk Featured, Media Centre

Australian companies not taking enough risk

January 3, 2020

Australian economists believe that tumbling benchmark interest and bond yields mean businesses should lower their required rates of return on investment projects. Companies’ reluctance to ...

House prices set to reclaim 2017 peak Featured, Media Centre

House prices set to reclaim 2017 peak

January 2, 2020

Economists expect house prices will reclaim their record highs in 2020, as further interest rate cuts by the Reserve Bank of Australia fuel a surge ...

Healthcare outlook good for service providers Featured, Media Centre

Healthcare outlook good for service providers

January 1, 2020

Overall, Australia remains an attractive healthcare market. An ageing population that will continue to need more tests and treatments will underpin demand for healthcare services ...

SEEK and you shall yield Featured, Market Insights

SEEK and you shall yield

December 16, 2019

Phil Strano, Portfolio Manager of the Yarra Absolute Credit Strategy, details why SEEK’s recent debt issuance offered investors a compelling risk-reward opportunity.  Debt issuance from ...

Retail property: find the quality skew Media Centre

Retail property: find the quality skew

December 16, 2019

But the struggles of even the biggest retailers – perhaps best demonstrated by the fact David Jones, Myer, Big W and Kmart have handed back ...

Why the right CEO matters more than ever Featured, Media Centre

Why the right CEO matters more than ever

December 10, 2019

Backing companies led by a quality CEO has always been important in the eyes of professional investors. But big investors argue that in a low ...

Momentum works well (until it doesn’t) Featured, Market Insights

Momentum works well (until it doesn’t)

December 6, 2019

As markets squeeze up to ever-more stratospheric heights, benchmark-aware investors are often confronted with two choices: follow momentum and chase performance/control risk or persevere and ...

GDP data delivers profit warning Media Centre

GDP data delivers profit warning

December 5, 2019

While the last few sessions on the ASX have seen the market tumble about 4 per cent amid fears that US President Donald Trump could ...

Why we invested in David Jones debt deal Featured, Market Insights

Why we invested in David Jones debt deal

November 25, 2019

Phil Strano, Portfolio Manager of the Yarra Absolute Credit Strategy, details why David Jones’ recent debt deal offers compelling value for credit investors in what ...

Why central bank liquidity will pump shares higher Featured, Media Centre

Why central bank liquidity will pump shares higher

November 22, 2019

The latest bout of market volatility masks a recovery in economic growth that will be driven by increased money supply, according to Yarra Capital Management ...

Yarra adds Chief Commercial Officer Media Centre

Yarra adds Chief Commercial Officer

November 14, 2019

Yarra Capital Management has appointed Vito D’Introno to its newly created role of chief commercial officer. The company noted Mr D’Introno has 22 years’ industry ...

Toohey: Reflation, a liquidity driven turning point Featured, Market Insights

Toohey: Reflation, a liquidity driven turning point

November 11, 2019

Entering the final months of 2019 a renewed sense of optimism has crept into global markets. From Tim Toohey’s perspective, excessive pessimism has dominated markets ...

Yarra appoints Chief Commercial Officer Corporate News, Media Centre

Yarra appoints Chief Commercial Officer

November 8, 2019

Yarra Capital Management today announced the appointment of Vito D’Introno to the newly created position of Chief Commercial Officer. Vito has 22 years’ industry experience. ...

Markets on the cusp of historic backflip Featured, Media Centre

Markets on the cusp of historic backflip

September 23, 2019

One of the most remarkable things in the macro world is how financial markets and the US Federal Reserve have drifted this year in their ...

Tim Toohey commences with Yarra Capital Corporate News, Media Centre

Tim Toohey commences with Yarra Capital

September 17, 2019

Yarra Capital Management announced today that Tim Toohey has now commenced as the firm’s Head of Macro and Strategy. Tim joins from Ellerston Capital, where ...

The best and worst of reporting season Media Centre

The best and worst of reporting season

August 31, 2019

Thank God that’s over. The August reporting season is always exhausting for executives and investors, but there has been an extra layer of tension rippling through the ...

Everybody loves fairy tales Market Insights

Everybody loves fairy tales

July 31, 2019

While maintaining blind optimism as an investor often seems a lot easier and is probably more fun, it’s worth keeping in mind that rewards instead ...

Yarra Capital appoints Tim Toohey Corporate News, Media Centre

Yarra Capital appoints Tim Toohey

June 20, 2019

Yarra Capital Management today announced the appointment of Tim Toohey as Head of Macro and Strategy. Tim joins from Ellerston Capital, where he was Chief ...

RMBS Diamonds in the Rough Featured, Market Insights

RMBS Diamonds in the Rough

May 31, 2019

We have been cautious on Residential Mortgage-Backed Securities (RMBS) for some time due to weakening fundamentals, including tightening spreads and falling property prices. Recently, though, ...

Don’t Look Down! Featured, Market Insights

Don’t Look Down!

May 29, 2019

As financial markets grind up (or on some exchanges ‘melt up’), it’s worth pausing to dispassionately re-evaluate fundamentals. While the surprise Australian federal election outcome ...

Retail REITs deals a concern for debt investors? Featured, Market Insights

Retail REITs deals a concern for debt investors?

March 26, 2019

Phil Strano, Portfolio Manager at Yarra Capital Management, looks at two recent REIT deals and explains why he expects to see a broader repricing of ...

Anyone for a REITs ‘bargain’? Featured, Market Insights

Anyone for a REITs ‘bargain’?

March 20, 2019

One of the more interesting themes from February reporting season was the rising prevalence of REITs (8% of the ASX 200) looking to offload ‘non-core’ ...

Is the future closer than you think? Featured, Market Insights

Is the future closer than you think?

March 7, 2019

One major structural issue facing Australia’s future is how the labour force will adapt to the rise of Artificial Intelligence and Robotics. Automation, of course, ...

Seek claims victory over short-terminism Media Centre

Seek claims victory over short-terminism

February 27, 2019

Seek chief executive Andrew Bassat looks to have succeeded in repelling investors clamouring for short-term returns after his warning that full-year profit would fall, because ...

Resilient shares for all seasons Featured, Media Centre

Resilient shares for all seasons

January 26, 2019

In theory, defining resilience in the context of a listed company should be relatively straightforward: a high level of recurring revenues, a strong balance sheet ...

New Year’s resolutions or old habits? Featured, Market Insights

New Year’s resolutions or old habits?

January 21, 2019

We recently returned from a week in China and, once again, arrived back in Australia more confused than before. There were, however, three clear themes ...

Strong social outcomes matter Featured, Media Centre

Strong social outcomes matter

January 18, 2019

Incorporation of environmental, social and governance (ESG) analysis into investment processes represents arguably the largest advance in investor thinking of the past 20 years. And ...

Stamp duty flood slows to a trickle Market Insights

Stamp duty flood slows to a trickle

December 6, 2018

Phil Strano, Senior Investment Manager at Yarra Capital Management, examines the fiscal position of the State and Federal governments, and what falling stamp duty revenue ...

No permanent blue chips Featured, Market Insights

No permanent blue chips

November 27, 2018

“I have always described my vision of hell as having to value GE over and over again, for eternity” – Aswath Damodaran, NY University Finance ...

Australia grabs clear credit advantage Featured, Market Insights

Australia grabs clear credit advantage

November 9, 2018

Phil Strano, Senior Investment Manager at Yarra Capital Management, looks to the US market and explains why current credit market data paints a more favourable ...

Yarra targets wholesale market Media Centre

Yarra targets wholesale market

November 7, 2018

Melbourne-based boutique manager Yarra Capital Management recently opened its absolute credit strategy to wholesale and high-net-worth investors. Fund portfolio manager Phil Strano, who joined Yarra Capital ...

Yarra launches Absolute Credit Fund Media Centre

Yarra launches Absolute Credit Fund

October 31, 2018

Yarra Capital Management has launched its Yarra Absolute Credit Fund for institutional, wholesale and high net worth investors, extending the reach of the strategy which ...

Yarra launches Absolute Credit Fund Corporate News, Featured

Yarra launches Absolute Credit Fund

October 31, 2018

Yarra Capital Management today announced the launch of its Yarra Absolute Credit Fund for institutional, wholesale and high net worth investors, extending the reach of ...

Short Memories, Anyone For Oil? Featured, Market Insights

Short Memories, Anyone For Oil?

October 12, 2018

We firmly believe that ‘patience’ and ‘temperament’ are competitive advantages for investing. In a world where sound bites, tweets, and a 24-hour news cycle dominate ...

Banks drive lucrative void in Australian private debt Featured, Market Insights

Banks drive lucrative void in Australian private debt

September 24, 2018

Phil Strano, Senior Investment Manager at Yarra Capital Management, explains why regulatory change is bringing significant opportunities in the Australian private debt market.  Australian private ...

Private Hospital Groups face painful rehabilitation Featured, Market Insights

Private Hospital Groups face painful rehabilitation

September 11, 2018

Phil Strano, Senior Investment Manager at Yarra Capital Management, explains why the credit profiles of Australia’s major private operators could weaken materially over the near ...

Earnings season hits and misses Media Centre

Earnings season hits and misses

September 1, 2018

As part of a special AFR Chanticleer survey, fund managers named the stocks that impressed them most, the disappointments, and the big trend they will ...

Back long-term behaviours Featured, Market Insights

Back long-term behaviours

August 10, 2018

Phil Strano, Senior Investment Manager at Yarra Capital Management, explains how the balanced scorecard approach can be used to assess investment risk and generate higher ...

Watching for red flags Media Centre

Watching for red flags

August 1, 2018

Professional investors are clearing their desks and sharpening their pencils ahead of the onslaught of the 2018 reporting season. Over a period of about six weeks ...

Beware the Big Industrials Squeeze Featured, Market Insights

Beware the Big Industrials Squeeze

July 16, 2018

We are seemingly in an environment of heightened anxiety, with many investors jumping at every Presidential tweet or Royal Commission headline. A consequence of this ...

A time for optimism Media Centre

A time for optimism

June 9, 2018

The biggest jump in GDP in seven quarters. The 16th trade surplus in 18 months. Data showing a surge in corporate bond issuance. The good news just kept coming. ...

Backing a long-term mindset Media Centre

Backing a long-term mindset

May 5, 2018

Dion Hershan, head of Australian equities at Yarra Capital Management, sums up the mood of many investors at the Macquarie Australia conference when he says ...

What Do Tesla and Argentina Have in Common? Featured, Market Insights

What Do Tesla and Argentina Have in Common?

May 1, 2018

The mispricing of risk in the pursuit of yield is often a classic early warning sign of late-cycle investor complacency during periods of abundant liquidity ...

China – Want Clean Air? Try More LNG Featured, Market Insights

China – Want Clean Air? Try More LNG

April 27, 2018

A recent trip to China provided us with a stark reminder that very little progress had been made in confronting what appears to be an ...

Now Let’s Talk Housing… Featured, Market Insights

Now Let’s Talk Housing…

April 11, 2018

Hysterical commentators continue to crow about the pending crash in Australian housing and plummeting new housing starts. This is despite resilience in the existing housing ...

The Boat Owner’s Impasse Featured, Market Insights

The Boat Owner’s Impasse

March 5, 2018

Dion Hershan, Managing Director and Head of Australian Equities, provides his observations from an eventful February 2018 reporting season. I am not a boat owner ...

End of Beta in Corporate Credit? Featured, Market Insights

End of Beta in Corporate Credit?

February 19, 2018

By and large, the decade post-crisis (2008-18) was characterised by central bank liquidity, low volatility and beta rather than alpha being the dominant source of ...

A Clear and Present Dilemma Featured, Market Insights

A Clear and Present Dilemma

January 30, 2018

“Success breeds complacency. Complacency breeds failure. Only the paranoid survive.” Andy Grove, Former Chairman and CEO of Intel. There is a long list of reasons ...

Moving into 2018 with resilience Media Centre

Moving into 2018 with resilience

December 27, 2017

Heading into 2018, the S&P/ASX 200 Index is trading at almost a decade-high level and forecasters are reasonably bullish on the outlook for the benchmark. ...

See through the noise for value Media Centre

See through the noise for value

December 27, 2017

The impressive profitability of Australia’s banks was drowned out in 2017 by political and legal melodrama involving accusations of customer mistreatment and defective cultures. It’s ...

China Trip: Policy Matters Featured, Market Insights

China Trip: Policy Matters

December 14, 2017

We recently returned from an investment trip to China and, as is usually the case, arrived home more confused than when we left. It’s easy to marvel ...

Active manager launches credit strategy Media Centre

Active manager launches credit strategy

December 5, 2017

Yarra Capital Management has announced the launch of its Yarra Absolute Credit Strategy, a new diversified Australian credit portfolio. The strategy aims to provide investors with ...

Yarra launches Absolute Credit Strategy Corporate News, Featured

Yarra launches Absolute Credit Strategy

December 5, 2017

Independent Australian funds management group Yarra Capital Management today announced the launch of the Yarra Absolute Credit Strategy, a new diversified Australian credit portfolio available initially to ...

The perils of ‘range-bound’ thinking Featured, Market Insights

The perils of ‘range-bound’ thinking

December 1, 2017

Volatility in the oil market in recent years provides another salient reminder of the perils of ‘this time it’s different’ thinking. Some experts have variously ...

How paranoia saved Seek’s skin Media Centre

How paranoia saved Seek’s skin

November 11, 2017

Yarra Capital Management’s Dion Hershan commenting on the DNA of Seek as it celebrates its 20-year anniversary: “It is very strategic, innovative, very willing to take ...

What will the banks deliver? Media Centre

What will the banks deliver?

November 8, 2017

Yarra Capital Management’s Dion Hershan commenting on the outlook for Australian banks, including reference to capital adequacy, the relative attractiveness of the sector, its resilience and capacity ...

Bitcoin: Like being sober at Woodstock Featured, Market Insights

Bitcoin: Like being sober at Woodstock

October 16, 2017

In the spirit of getting a better understanding of disruptive technologies, we recently attended a Bitcoin and Blockchain conference in New York. The conference started ...

What if the data is right? Featured, Market Insights

What if the data is right?

September 25, 2017

A broad-based and pessimistic view currently pervades the Australian economy and, in particular, the labour market. Issues being raised range from the impact of the ...

Time to revisit small caps Media Centre

Time to revisit small caps

September 16, 2017

Katie Hudson is head of Australian equities research at fund manager Yarra Capital. Starting her career as an accountant, she was a portfolio manager at ...

Former BlackRock head joins Yarra Media Centre

Former BlackRock head joins Yarra

September 15, 2017

The former head of Blackrock Japan Masato Degawa will join the board of Yarra Capital Management as a non-executive director and senior adviser for Japan. Prior ...

Yarra Capital appoints Japan adviser Media Centre

Yarra Capital appoints Japan adviser

September 15, 2017

Yarra Capital Management has appointed a former head of BlackRock Japan as a senior adviser to its business. Masato Degawa has joined the board of ...

Masato Degawa joins Yarra Capital Corporate News, Featured

Masato Degawa joins Yarra Capital

September 15, 2017

Independent Australian funds management group Yarra Capital Management today announced that former President and Head of BlackRock Japan Masato Degawa will join the Firm’s parent ...

Yarra sticking with banks Media Centre

Yarra sticking with banks

September 15, 2017

Leading Australian fund manager Yarra Capital Management is favouring banks and certain retailers and steering clear of commercial property and Telstra. In a post-reporting season update ...

Fundies split on Amazon threat Media Centre

Fundies split on Amazon threat

August 28, 2017

Leading fund managers are divided as to whether the nation’s top companies are doing enough to combat the threat of disruption to their business models ...

Amazon not about winner takes all Media Centre

Amazon not about winner takes all

August 2, 2017

Yarra Capital Management’s Katie Hudson on the sectors and companies likely to deliver top line growth as opposed to lifting profits through cost cutting this ...

Forecasting is Difficult, Particularly About the Future Featured, Market Insights

Forecasting is Difficult, Particularly About the Future

July 27, 2017

Disruption is clearly the current buzzword of choice. Commentators, analysts and investors appear mesmerised by the seismic changes which are presently being forecast and the ...

Battle-scarred miners Media Centre

Battle-scarred miners

July 22, 2017

Yarra Capital Management believes that margins of bulk commodity miners are extraordinarily high, to the point where you can question their sustainability. Read more from AFR ...

Banks dodge capital bullet Media Centre

Banks dodge capital bullet

July 20, 2017

“This was probably the number one issue for the banks so the fact that it has been concluded and that there is 2½ years to ...

APRA plans deliver clarity Media Centre

APRA plans deliver clarity

July 19, 2017

Yarra Capital Management said there had been lots of alarmist commentary ahead of the announcement which was overdone. “This is a significant milestone for the ...

The Big Picture Media Centre

The Big Picture

July 1, 2017

Dion Hershan from Yarra Capital Management does not agree with Scott Morrison’s $6 billion bank tax, which has elicited a similar $370 million grab from South Australia. ...

New board member for Yarra Capital Media Centre

New board member for Yarra Capital

June 28, 2017

Yarra Capital Management has appointed Michael Gordon to the firm’s parent company board as a non-executive director and a chairman of its multi-asset allocation committee. ...

Former Perpetual executive joins Yarra Capital Media Centre

Former Perpetual executive joins Yarra Capital

June 27, 2017

Yarra Capital Management has appointed former Perpetual group executive Michael Gordon to its board as a non-executive director. Mr Gordon will also join Yarra Capital ...

Former Fidelity CIO joins Yarra Board Media Centre

Former Fidelity CIO joins Yarra Board

June 27, 2017

A former chief investment officer of Fidelity International will join Yarra Capital Management’s board as a non-executive director and chair of the multi-asset allocation committee. ...

Michael Gordon to Join Yarra Capital Management Corporate News, Featured

Michael Gordon to Join Yarra Capital Management

June 27, 2017

Yarra Capital Management today announced that it is appointing Michael Gordon to the firm’s parent company Board as Non-Executive Director and Chairman of its Multi-Asset ...

Bring back the IPO discount… Featured, Market Insights

Bring back the IPO discount…

June 26, 2017

The performance of Australian initial public offerings (IPOs) over recent years has been telling. On average there has been money to be made in the ...

Balancing the rhetoric Featured, Market Insights

Balancing the rhetoric

June 19, 2017

The deafening chorus of market commentators declaring an Australian housing bubble, an over-leveraged and troubled consumer and broad-based systemic risk have now become the ‘consensus’ ...

Amazon effect puts IPOs under a cloud Media Centre

Amazon effect puts IPOs under a cloud

May 16, 2017

“Retail IPOs have been caught in the crosshairs of medium-term concerns about Amazon but also soft short-term consumer data, which has led to a broad-based ...

Step away from the marshmallow! Featured, Market Insights

Step away from the marshmallow!

May 11, 2017

The 1960s Stanford University ‘Marshmallow Test’ gave 600 children a straightforward choice: eat one treat now or wait 15 minutes and have two. The study ...

Subdued growth horizon for major banks Media Centre

Subdued growth horizon for major banks

May 10, 2017

Australia’s major banks face a series of headwinds in the form of low interest rates, further regulatory reform and greater competition as their business models converge, ...

Resources likely range-bound ahead Media Centre

Resources likely range-bound ahead

April 20, 2017

The resources markets may have seen some recovery in the last year after an extended slump since the summer of 2014, but further gains may ...

Valuations ahead of fundamentals Media Centre

Valuations ahead of fundamentals

April 19, 2017

Valuations for several listed companies are stretched and ahead of the fundamentals, while the resources and housing sectors are set to slow significantly, according to ...

Is China Steel & Coal Consumption Peking? Featured, Market Insights

Is China Steel & Coal Consumption Peking?

April 11, 2017

We’ve just returned from a week-long trip to China, and as with most trips to this amazing country in recent years we probably left feeling more ...

Yarra Capital adds to Fixed Income team Media Centre

Yarra Capital adds to Fixed Income team

April 5, 2017

Victorian Funds Management Corporation (VFMC) senior credit portfolio manager Phil Strano will join Yarra Capital Management as a senior investment manager in the fixed income ...

Yarra Capital recruits senior PM Media Centre

Yarra Capital recruits senior PM

April 4, 2017

A Victorian Funds Management Corporation senior credit portfolio manager will join Yarra Capital Management’s investment team. Read more…. (subscription to Financial Standard ...

Yarra Capital appoints Phil Strano Media Centre

Yarra Capital appoints Phil Strano

April 4, 2017

Yarra Capital Management has announced the appointment of Phil Strano as a senior investment manager in the fixed income team, effective May 2017. Read ...

New fixed income hire announced Corporate News

New fixed income hire announced

April 4, 2017

Yarra Capital Management today announced that it has appointed Phil Strano to join the firm’s investment team in early May as a Senior Investment Manager ...

Postcards from China Corporate News, Market Insights

Postcards from China

April 3, 2017

We always learn a lot from research trips, sometimes in the most unexpected places. We were in Beijing last week and an off-the-cuff remark from ...

Haven’t we seen this movie before? Corporate News, Market Insights

Haven’t we seen this movie before?

March 20, 2017

You have to admire the optimism and resilience that’s so abundant in Western Australia. Having spent most of last week in Perth meeting with mining ...

Cutting into the bone Corporate News, Market Insights

Cutting into the bone

March 9, 2017

Companies frequently talk about taking out costs, boosting productivity and just simply removing ‘fat’ and avoiding ‘cutting into the bone’. Dion Hershan, Head of Australian ...

Deja vu all over again Corporate News, Market Insights

Deja vu all over again

February 14, 2017

Behavioural finance tells us that, remarkably, most calendar years start with high expectations, a simple hope that the year ahead will be better. While we ...

Ex-GSAM Aussie arm rebrands Media Centre

Ex-GSAM Aussie arm rebrands

December 11, 2016

Goldman Sachs Asset Management’s (GSAM’s) Australian equity and fixed income business will rebrand as Yarra Capital Management following the management buyout, which is on track ...

Yarra Capital to launch Jan 2017 Media Centre

Yarra Capital to launch Jan 2017

December 11, 2016

Yarra Capital Management, which last week announced the recruitment of Mark Burgess as its independent chair, is on track for a January 2017 launch, following ...

Burgess to chair Yarra Capital Media Centre

Burgess to chair Yarra Capital

December 9, 2016

Former managing director and president of the Future Fund, Mark Burgess, will become independent chair of a GSAM spinoff following the completion of a management ...

Burgess returns to chair Yarra Capital Media Centre

Burgess returns to chair Yarra Capital

December 9, 2016

Former Future Fund chief executive Mark Burgess has re-emerged in the funds management sector as chairman of Yarra Capital Management, which will become the new ...

Yarra Capital to focus on growth Media Centre

Yarra Capital to focus on growth

December 9, 2016

Mark Burgess, the chairman of independent fund manager Yarra Capital Management, argues that companies need to be more growth-oriented as the Australian economy recovers from ...

Warning on capital investment drought Media Centre

Warning on capital investment drought

November 14, 2016

One of the nation’s top fund managers has warned that a crisis of confidence among top sharemarket-listed company boards stopping them from investing in their ...

Hershan: still ‘absolute value’ in banks Media Centre

Hershan: still ‘absolute value’ in banks

October 25, 2016

Dion Hershan is upbeat about Australia’s growth prospects outside the resources sector but warns some high-yield stocks appear over-valued and boards were being restrained by conservative growth ...