(Credit) advantage Australia

Phil Strano

Much has been written about the recent divergence of the Australian and US markets, with pro-cyclical fiscal policy (i.e. Trump’s tax cuts) the major driver behind both the booming US economy and the S&P’s recent outperformance (refer chart 1). Show More

Aussie banks driving lucrative void in private debt

Phil Strano

Australian private debt has been a relatively happy hunting ground for astute institutional investors over the last decade, with a shallower pool of buyers and illiquidity premiums helping to drive higher risk-adjusted returns. With stringent bank capital adequacy regimes in place, the opportunity for institutional investors to access enhanced returns... Show More

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