Tumultuous month in Australian market: China, Fed
Andrew Stanley
Ralton Asset Management Limited
August was one of the most tumultuous periods we have seen in the Australian market for many years. The market had fallen back to the level it last saw in December 2014. We had been concerned about the level the market was trading at for some time and had cash / cash equivalents (i.e. takeovers pending) equivalent to levels comfortably greater than 10% in each of our portfolios. The sell-off in the Australian market was triggered by a combination of factors including: the depreciation of the renminbi by the Chinese authorities, concerns about the implications of the US Federal Reserve starting to raise interest rates (for the first time in many years) later this year, and soft outlook statements by many Australian companies during the recent reporting period. Is the volatility now over? (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Andrew has been with Ralton since its inception in 2006 and leads the investment management of Ralton’s managed accounts. He brings over 25 years of funds management and investment banking experience having held senior positions with major investment banks in Melbourne, Hong Kong, Tokyo and New York.
In Andrew’s last international role as Executive Director of UBS’s Financial Structuring Group in Hong Kong, he developed a range of complex structured finance solutions for clients across the bank's investment banking, fixed income and equities divisions to address issues faced by corporate clients.
Andrew started his career at Arthur Andersen where he qualified as a Chartered Accountant, before which he tutored macro-economics at Monash University while completing his law degree.
Andrew has a Master of Applied Finance, a Bachelor of Laws and a Bachelor of Economics.
1 topic
Andrew Stanley
Head of Australian Equities
Ralton Asset Management Limited
Andrew has been with Ralton since its inception in 2006 and leads the investment management of Ralton’s managed accounts. He brings over 25 years of funds management and investment banking experience having held senior positions with major...
Expertise
No areas of expertise
Andrew Stanley
Head of Australian Equities
Ralton Asset Management Limited
Andrew has been with Ralton since its inception in 2006 and leads the investment management of Ralton’s managed accounts. He brings over 25 years of funds management and investment banking experience having held senior positions with major...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
This recently triggered market signal has never failed to predict gains
Ophir Asset Management
Equities
I sold my CBA to buy these two financials
Seneca Financial Solutions