John Kavanagh
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Hybrid market springs to life

Hot on the heels of Macquarie Bank’s hybrid issue, National Australia Bank has launched an issue of capital notes, aiming to raise $750 million of capital with an offer of securities paying a margin of 2.95 to 3.15 per cent…

Dementia’s growing impact on estate disputes

Warwick Croft died in January 2016, aged 85. He had six daughters. His wife June died three years before him. They had separate wills and there was a dispute over Warwick Croft’s will, which focused on his mental capacity at…

It all starts at the top

Selector Funds Management is a high conviction Australian equity manager with a strong track record in picking stocks over more than a decade. In its latest quarterly report, Selector says that what ultimately gives it the conviction to invest in…

Power of attorney clean-up launched

The Government has set out to address widespread concern that there is no robust or consistent data on the number of powers of attorney in existence or the number being created, amended or revoked at any given time. Attorney-General Christian…

The rise of renters by choice

The number of Australians choosing to rent rather than buy is rising, as more people focus on issues of affordability, flexibility and lifestyle, new research reveals. Academic from the University of Technology Sydney, University of New South Wales and Swinburne…

Luxury is the new black

When investors turn their minds to global equities they usually think about big tech stocks. Tim Samway says there is another compelling global growth theme – luxury goods. Samway is the executive chair of Hyperion Asset Management, whose Global Growth…

Macquarie hybrid rated ‘subscribe’

Fixed income researcher BondAdviser has rated Macquarie Bank’s new hybrid issue “subscribe”, citing Macquarie’s financial strength and operational outlook and forecasting that there would not be a lot of “supply-side” pressure on trading margins this year. Macquarie Bank will pay…

Mortgage borrowing capacity is up

In its half-year financial report last week, Commonwealth Bank provided an update on its home loan assessment process. Overall, borrowing capacity is up. Since 2014 there have been a series of rule change that have required lenders to tighten serviceability…

AMP: no light at the end of the tunnel

AMP’s 2019 financial report, released last week, points to “ongoing weakness” in the business, according to a Macquarie Securities review of the results. Macquarie says the company’s results presentation suggests a further 20 per cent contraction in its Australian wealth…

Love and Money

A lot of couples are not very honest with each other about financial matters, lying about the cost of things they buy or keeping secrets about money, new research shows. MyState Bank’s Love and Money report reveals that almost one…