Ares talks AMP Bank; Milestone Logistic s’ NDR; Busy Barrenjoey

Good evening,

Could this be the AMP Limited dream team? It’s been all quiet on the Ares front since we revealed that the private equity and credit investment giant was in talks to buy embattled wealth manager AMP in October ... Until now.

Tonight, we’ve got the scoop on which local financial services behemoth Ares has been talking to about a potential joint acquisition of AMP. The possible deal would see the local player snap up AMP Bank and Ares take the rest of the group.

Meanwhile, start-up Barrenjoey Capital has Australia’s fixed-income universe in a flutter this week and we unveil why.

And finally, Blackstone’s Milestone Logistics IPO has hit the road, and we take a look at which fund managers best weathered the pandemic.

Happy reading,

Sarah Thompson, Anthony Macdonald and Tim Boyd

Street Talk Editors