Aussies see evergreen funds as private market hot-spot
After 23 straight years of outperforming public markets, it’s time for investors to recalibrate their exposure to private credit based on short-term pockets of risk and the long-term runway for growth. At least that is the conclusion of Mario Giannini, executive co-chairman of US-based alternative investment manager, Hamilton Lane. While private equity buyouts and real estate saw the run end last year, Giannini argues that investors who view this as a window into future performance are ignoring the previous 30 years. Protection against downside risk Giannini points to the numbers, which reveal that over no five-year period did investors ever lose money in buyouts, private credit or private infrastructure. “This is one of the most unappreciated benefits of private market exposure in a portfolio: protection against downside risk,” said Giannini. “A reasonably diversified buyout or private credit or private infrastructure portfolio would be hard pressed to lose money… the risk in these markets does not typically stem from losing money.” With that in mind, Giannini believes the credit, infrastructure and secondary sectors are "primed for future success." AI applications While Giannini recommends investors have exp
COSBOA calls for Budget to prioritise small business
The Council of Small Businesses Organsitaitons Australia (COSBOA) is calling for tonight's Federal Budget to prioritise small businesses, warning that failure to do so would be unfavourable for the Australian economy. The COSBOA is asking for bold action in the form of tax reform, red tape reduction and greater support for employers strutting with the cost of living and regulatory pressures. COSBOA CEO Luke Achterstraat said that small businesses are currently running on empty and the reforms are needed to boost Australia’s economy. “A small business-led recovery is the only way to strengthen the economy, create jobs, and ensure Australia remains globally competitive,” he said. “If the Federal Budget fails to deliver real support, we risk seeing more closures, higher prices, and a weaker economy for everyone.” The two areas COSBOA is asking the government to focus on are tax reform and red tape reduction. The organisation believes that the current tax system is holding small businesses back and calls for reform through a permanent and expanded Instant Asset Write-Off, a review of payroll tax, Reintroducing the Small Business Technology Investment Boost, and Exploration of tax relief for new small businesses.
'It cannot go on': Greenland slams high-profile US visit
United States President Donald Trump has reiterated his want to annex Greenland and defended U.S. officials' visit to the country. “I think Greenland’s going to be something that maybe is in our future. I think it’s important. It’s important from the standpoint of international security,” Trump said at a cabinet meeting on Monday (Tuesday AEDT). “ It cannot go on the way it is. It’s not going to go on the way it is.” This comes after Greenland leaders criticised high-profile U.S. leaders for their visit to the country. The visit is being led by Usha Vance, the wife of U.S. Vice-President JD Vance, White House national security advisor, Mike Waltz and energy secretary Chris Wright. Greenland Prime Minister, Múte B. Egede told Greenland newspaper, the Sermitsiaq that the visit was a provocation, slamming Trump for sending Waltz. “The only purpose is to show a demonstration of power to us, and the signal is not to be misunderstood,” Egede said. “(Waltz) is Trump's confidential and closest advisor, and his presence in Greenland alone will certainly make the Americans believe in Trump's mission, and the pressure will increase after the visit.” Egede also called for more support from the country’s democratic alli
EV maker BYD hits record high as revenue exceeds Tesla
Shares in BYD (BYDDF) were up around 5% to 53.34 on Monday following revelations that the Chinese electric vehicle maker had for the first time since 2018 eclipsed rival Tesla (NASDAQ: TSLA) with US$100 billion ($170 billion) in revenue. Better-than-expected fourth-quarter full-year earnings saw BYD, the world's largest electric vehicle maker, report revenue of 777 billion yuan (US$107 billion or $170 billion) for the 12 months ended December 31, beating analyst estimates of 766 billion yuan. While Tesla still maintains a substantial lead in net profitability, today’s result is seen as a significant milestone in BYD’s rapid ascent in the global car market. Nowhere is this ascent more prevalent than within vehicle numbers: BYD and Tesla delivered comparable fully electric vehicle numbers last year of 1.76 million and 1.79 million respectively. Overall, BYD’s total vehicle deliveries, including hybrid models, hit 4.27 million units, which puts it closer to a league of entrenched global players like Ford Motors in the U.S. BYD’s management has told the market to expect sales of between 5 million and 6 million vehicles in 2025. While Tesla has struggled to maintain its position in China, BYD now commands around 15% of the mark
Hyundai eyes tariff pass with US$21bn for EV industry
Korean carmaker Hyundai says it will invest US$21 billion across the EV value chain within the United States in an effort to avoid looming tariffs on the automotive industry. A quarter (US$5.6 billion) of the capital will be directed towards the construction of a steel factory in Louisiana that will feed into its car production plants in neighbouring Georgia and Alabama. That will soften the blow on the carmaker having to import parts and vehicles from overseas and be subject to a further 25% levy on 2 April. US$9 billion will go towards expanding car production in the U.S. up to 1.2 million units per annum, expanding future industries, partnerships and infrastructure - including EV charging. A further US$6 billion will get spent on parts and supply chains, with the Korean auto giant - which owns the Kia brand too - saying the investment up until 2028 will create >100,000 direct and indirect job opportunities. The cash injection will also coincide nicely with the release of its long-anticipated Ionic 9, which aims to rival European and Chinese brands for market share. The White House says Hyundai is far from the only car producer that's announced significant investments in the American automotive supply chain, with tril
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