Expert Insights

Lazard's Warryn Robertson shares his checklist for uncovering true value

It doesn't take a genius to see that a market darling's valuations are stretching to the skies; resisting FOMO is another matter. In this wire we find  out the six...
Mia Kwok
Mia Kwok
Livewire Markets
Expert Insights

Where to look for income when bonds are expensive

There are decades of Australian banking failures from which investment managers can learn strict prudential discipline. And yet, many only draw from their own...
Livewire Exclusive
Livewire Markets
Expert Insights

What is the "special sauce" in a founder-led business?

Founder-led businesses have received a lot of attention lately, with research from Credit Suisse revealing they have generated an alpha of around 3.7% compared to...
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Livewire Markets
Expert Insights

Breaking ground: Joseph Lai's first portfolio additions

Setting up a new fund is a time of joy and nervous anticipation. There's deciding on a new name, hiring talented investors and putting your own capital into the fund,...
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Livewire Markets
Expert Insights

Want to buy an airport? Here’s how…

Hard-bitten infrastructure investor Jonathan van Rooyen, co-founder of unlisted infrastructure fund manager Invest Unlisted, kicked off a recent interview with a...
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Livewire Markets
Expert Insights

Investors are missing a trick in equity markets

Global equities are being tested on both sides of the equation. On one side, you have low-interest rates while on the other side, you have the risk of inflation. But...
Mia Kwok
Mia Kwok
Livewire Markets
Expert Insights

Finding X-factor stocks that trade cheaply

In a recent investor presentation, Michael Goldberg quoted Howard Marks that the main risks one has to balance in investing are losing money and missing opportunity....
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Livewire Markets
Expert Insights

An eye for intrinsic value lends itself to finding takeover targets

You wouldn't be blamed for thinking the team at the Collins Street Value Fund were takeover punters - some of their largest performance contributors have come as a...
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Livewire Markets
Expert Insights

Surfing the wave of fintech innovation

Unless you're bartering furs to sustain yourself in some wild corner of the world, you are afloat in the massive technological disruption sweeping the financial...
APT
XRO
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Livewire Markets
Expert Insights

Jonathan Van Rooyen: We price on fundamentals, not emotion

Think about some of Australia’s most prominent buildings, bridges, tunnels and railways. Now tell me how many of them have an ASX ticker. Not many, as Invest...
SYD
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Livewire Markets
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Rich pickings for L1 as M&A supercycle fires up

L1 Capital’s new Catalyst Fund is unique in several ways, not least that the concentrated portfolio holds just 10 stocks. To find out the three key "gates" each stock...
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Livewire Markets
Expert Insights

How to find global small-cap winners

There are few absolutes for investors. A company can possess bucketloads of customer goodwill, dominate in a high-entry barrier industry, have top-notch management and...
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Livewire Markets
Expert Insights

The thesis behind L1's new 10-stock portfolio

When it comes to equity market investing, L1 Capital Founders Mark Landau and Raphael Lamm have many bases covered. L1's suite of strategies ranges from their flagship...
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Livewire Markets
Expert Insights

4 places to shop in a pricey market

In a previous wire, Lucerne’s Anthony Murphy and Michael Houghton warned that rising inflation and a reversal of excessive valuations could take the steam out of risk...
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Livewire Markets
Expert Insights

Investable assets with long duration and stable yields (and they're not even listed)

As the (very big) "furniture" off which telecom companies hang their technology, so-called macro towers are core to our mobile and data networks. The 4,000 towers...
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Livewire Markets
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Abnormal profits: Why they're coming and where to find them

A bunch of global companies should get a handy bump from the trade-off between commodity prices and their own price increases, says Ellerston Capital's head of small...
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Livewire Markets
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Untangling the complex world of ESG investing

From the hundreds of different ESG frameworks that have sprung up in the last decade, Alphinity Investment Management chose one on which to hang its sustainable...
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Livewire Markets
Expert Insights

Lucerne look past equities bubble to stabilise returns

Record low interest rates are doing strange things to markets. They’ve driven 12 consecutive monthly gains in Australian shares as investors buy YAAP (Yield At Any...
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Livewire Markets
Expert Insights

Concentration drives conviction in global mid small caps

Ellerston Capital's Bill Pridham sees plenty more upside ahead for stocks – particularly small and mid-caps, contrary to widely held concerns that surging share prices...
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Livewire Markets
Expert Insights

Where income-hungry investors can access quality cash flows

In an environment where interest rates remain at record-lows and term deposits can no longer deliver the yield they once did for income-hungry investors, there are...
AMC
CHC
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Livewire Markets
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3 sacrifices to consider if you want higher yield

Investors have been demanding more liquidity from their investments ... even in the realm of fixed income. Perhaps still jaded from last year's drawdowns (and tapping...
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Livewire Markets
Expert Insights

The extraordinary positive power of saying no 99% of the time

We don’t know if CIO Matt McNamara actually Iikes saying ‘no’ quite as much as he has to, but the success of Horizon 3 Biotech depends on it. Of the three to five...
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Livewire Markets
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3 risks and 3 opportunities that MLC has identified within the market

Nosebleed market valuations are starting to price in a choppier recovery than was initially expected – courtesy of COVID’s Delta wave – but stock prices remain a key...
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Livewire Markets
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Riding the returns escalator explained

Ask anyone in markets what the biggest driver of returns over the last decade has been, and they’ll probably tell you it was falling interest rates. As interest rates...
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Livewire Markets
Expert Insights

The biggest company you've never heard of

If you want to know just how integral semiconductors are to our day-to-day lives simply ask Kanish Chugh's four-year-old son. He now knows all about it, thanks to...
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Livewire Markets
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