It’s all eyes on earnings numbers this week, with Aurizon and Suncorp among the big companies expected to get results season started on Monday morning.
Street Talk will be looking out for deals with results - there’s always at least a couple - although we’re still not convinced that deal makers are as busy as they’re letting on.
Following some lean years, Montgomery is shaking up his Australian large caps strategy, doing away with some in-house managers and in-sourcing expertise from cross-town rival Australian Eagle.
It’s sure to get tongues wagging in the industry. Montgomery has a big public presence, if not a huge pile of capital.
And speaking of private equity, we’ve got wind of a maiden fund out of Melbourne shop Seneca Capital, following a few successful investments that were done on a deal-by-deal basis.
Happy reading.
Anthony Macdonald, Sarah Thompson and Kanika Sood Street Talk editors
Three portfolio managers are headed for the door at Montgomery Investment Management, as owner Roger Montgomery brings in Sydney boutique Australian Eagle Asset Management to run its Australian equities large cap portfolios after poor returns.
Under the radar Seneca Capital is looking to cement its position in Australia’s private equity scene, launching a maiden fundraising to help bankroll up to six more lower mid-market buyouts.
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