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 ...
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 ...
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, Microcaps Portfolio Manager, sat down with ausbiz’s Andrew Geoghegan to provide a wrap up of the August reporting period. Joel discussed the sectors ...
After a market wobbles, sometimes comes the investment opportunity of a ...
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, 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, 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 ...
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 ...
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% ...
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, co-Portfolio Manager of the Yarra Australian Smaller Companies Strategy, sits down with ausbiz to preview the coming August reporting and details why we ...
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 ...
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. ...
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, 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, 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 ...
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, 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 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 ...
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, 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, Portfolio Manager and Head of Australian Equities Research, catches up with The Australian Financial Review’s James Thomson and Jemima Whyte for the AFR ...
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 ...
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, Microcaps Portfolio Manager, sits down with Nadine Blayney from ausbiz to share his insights from the Macquarie Conference, the unofficial start of confession ...
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 ...
It has been a fascinating recent few weeks for hybrid market participants following the forced merger of Credit Suisse and ...
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 ...
Michael Steele and Joel Fleming look back at the Feb 2023 reporting period and detail why they're positive on the ...
The failure of several regional US banks is not a harbinger of the next Global Financial Crisis (GFC). ...
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, Portfolio Manager and Head of Australian Equities Research, recently sat down with Glenn Freeman from Livewire Markets to discuss her career reflections as ...
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 ...
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 ...
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 ...
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 ...
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 ...
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, Co-Head of Australian Fixed Income, provides his assessment for the year just gone, details the three things that matter most right now, and ...
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, 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, Head of Australian Equities Research, sits down with the Australian Financial Review’s Tony Boyd and James Thomson as their inaugural guest on the ...
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 ...
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 ...
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, 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, Co-Portfolio Manager of the Yarra Australian Bond Fund, sits down with Andrew Geoghegan from ausbiz to discuss central bank policy dispersion and whether ...
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 ...
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 ...
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 ...
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, ...
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 ...
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 ...
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, ...
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 ...
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 ...
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 ...
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 ...
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 Capital Management (Yarra) today announced promotions within its growing distribution team, with Nick Green promoted to Head of Institutional and Rommel Hacopian promoted to ...
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 ...
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 ...
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 ...
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 ...
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 ...
In this interview with ausbiz held just prior to the US Federal Reserve hiking rates by 75bps – the largest increase in 28 years – ...
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 ...
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 ...
Leading Independent Australian fund manager Yarra Capital Management (Yarra) has today announced the launch of a new Market Neutral Australian Equities capability after agreeing terms ...
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. ...
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 ...
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 ...
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 ...
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 ...
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 RBA has announced a 25bps rate hike and, in a hawkish turn, has flagged an intention to hike significantly further over the next 12 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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, ...
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 ...
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 ...
With geopolitical instability at the forefront and an abundance of cost pressures emerging, what should investors take from the February reporting season? ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
David Gilmour, Portfolio Analyst & ESG Specialist, looks at the challenges for Australia to reach net zero emissions by 2050. When we think about decarbonising ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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, ...
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 ...
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 ...
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 ...
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, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 Capital Management (Yarra) confirms that it has now completed the acquisition of Nikko Asset Management’s Australian ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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, ...
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 ...
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. ...
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? ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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. ...
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 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 ...
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 ...
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. ...
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 ...
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 ...
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 ...
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, ...
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 ...
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 ...
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 Australian consumer was dormant for years heading into 2020, with muted growth blamed on low confidence and a lack of wage growth. Many posed ...
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 ...
Yarra Capital Management today announced that Tracy Brown has joined the Firm as a Research and Investment Consultant Manager in its Distribution Team. Tracy brings ...
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 ...
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? ...
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. ...
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 ...
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 ...
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, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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, 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, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 Capital Management today announced the appointment of Rommel Hacopian to its Distribution team. Rommel has more than 25 years’ industry experience. He previously spent ...
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 $325bn ...
Investors are steeling for another fraught rollercoaster week on financial markets as Europe goes into lockdown and the US Federal Reserve prepares to slash rates, ...
We are excited to announce that the second episode of our podcast, The Yarra Exchange, featuring Ahmed Fahour is now live. You can listen and subscribe ...
We’ve just emerged from the weakest reporting season since the GFC. Did any company produce a result in February ahead of your expectations? It was ...
Global equity markets snapped a week of losses on Monday as investors bet on a co-ordinated worldwide central bank action plan to inject billions of ...
The coronavirus hit has exposed the extraordinary depth of Australia’s economic dependence on China and fueled questions over whether the nation is too reliant on ...
Tim Toohey, Head of Macro and Strategy at Yarra Capital Management, provides his view on modelling the Australian dollar (A$) and details his initial thoughts ...
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 ...
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 ...
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 ...
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. ...
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 ...
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 ...
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 ...
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 economists believe that tumbling benchmark interest and bond yields mean businesses should lower their required rates of return on investment projects. Companies’ reluctance to ...
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 ...
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 ...
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 ...
But the struggles of even the biggest retailers – perhaps best demonstrated by the fact David Jones, Myer, Big W and Kmart have handed back ...
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 ...
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 ...
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 ...
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 ...
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 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 ...
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 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. ...
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 ...
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 ...
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 ...
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 Management today announced the appointment of Tim Toohey as Head of Macro and Strategy. Tim joins from Ellerston Capital, where he was Chief ...
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, ...
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 ...
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 ...
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’ ...
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 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 ...
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 ...
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 ...
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 ...
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 ...
“I have always described my vision of hell as having to value GE over and over again, for eternity” – Aswath Damodaran, NY University Finance ...
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 ...
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 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 Capital Management today announced the launch of its Yarra Absolute Credit Fund for institutional, wholesale and high net worth investors, extending the reach of ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
“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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 Management has appointed a former head of BlackRock Japan as a senior adviser to its business. Masato Degawa has joined the board of ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
“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 ...
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 ...
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. ...
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. ...
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 ...
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. ...
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 ...
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 ...
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’ ...
“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 ...
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 ...
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, ...
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 for several listed companies are stretched and ahead of the fundamentals, while the resources and housing sectors are set to slow significantly, according to ...
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 ...
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 ...
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 Management has announced the appointment of Phil Strano as a senior investment manager in the fixed income team, effective May 2017. Read ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 Management, which last week announced the recruitment of Mark Burgess as its independent chair, is on track for a January 2017 launch, following ...
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 ...
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 ...
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 ...
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 ...
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 ...
