"If it becomes necessary" time?BY BENJAMIN ONG | MONDAY, 4 JUN 2012 2:24PM The more equities drop, the more we get closer to "if it becomes necessary" time for our friend Ben to provide some stimulation. Stop looking. There are no ifs, no ands, no ors ... Upgrade your subscription to access this article
Join the growing community of private wealth specialists and family offices
with unlimited access to our latest news, research and analysis of the industry.
Become a premium subscriber today. |
Latest News
Wholesale investor tests up for parliamentary review
The federal government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space.
ACNC tightens screws on NFPs with complex corporate structures
The Australian Charities and Not-for-profits Commission (ACNC) announced it will focus on the misuse of complex corporate structures this year.
Luxury fashion house sued over Birkin bag sales
Hermes is facing an antitrust class action which alleges it only allows customers with "sufficient purchase history" to buy the infamous Birkin handbags.
Family offices still love hedge funds: Preqin
The number of family office investors allocating to hedge funds increased by 10% from 2022 to 2023, and has doubled since 2015, according to new research by Preqin.
Cover Story
Wealth with purpose
PHIL HARKNESS
CHIEF EXECUTIVE OFFICER
MUTUAL TRUST PTY LTD
CHIEF EXECUTIVE OFFICER
MUTUAL TRUST PTY LTD
In the realm of Australian family offices, a stark reality emerges: 70% risk dropping the ball on wealth transfer. To curb this trend, Mutual Trust chief executive Phil Harkness and head of strategy Tracy Conlan are dedicated to helping clients create and preserve purposeful multi-generational wealth. Chloe Walker writes.
Expert Feed
Investing for impact loses some appeal, more education needed
While the appeal of impact investing declined in 2023, with investors generally less willing to give up returns in order to make an impact through investing ...
Family office use of wealth manager predictions
As part of my role on the investment committee for various family offices, I regularly interact with wealth managers.
Succession planning for family businesses
The greatest wealth transfer in history-from Baby Boomers to younger generations-is underway.
Why affluent families are flocking down under
Australia has regained the top spot in New World Wealth's 2023 list of destinations forecast to enjoy the highest net inflows of high-net-worth individuals ...
A good reminder as why it's more useful as an investor to concentrate on what is, rather than what ought to be. I have always maintained that a 'focus on the long term' is unlikely to be a sufficient strategy for profit without some very careful asset selection in this market. Why? because many asset prices continue to reflect the expectation for intervention that Ben refers to, preventing the otherwise compelling valuation levels that ordinarily present themselves during times of market stress. It's the effective removal of this valuation risk (and the subsequent ramping up of multiples latter in the cycle) that is a key dynamic for the "profits over the long term" mantra. Without that there is little to drive those so called 'long term returns'. review you history people.