Jassmyn Goh

Shares in the alternative asset manager soared after its annual results, with its booming residential mortgage business the standout.

The executive at the centre of a takeover tussle involving one of Sydney's prominent family offices has made his most candid comments on the situation to date.

Longo says AI is a whole-of-society phenomenon, and that businesses can take many steps now without waiting for regulation or government policy.

One of the world's largest investors, Acadian Asset Management, is increasingly focused on hiring software engineers rather than talent with more traditional investing skills.

Perpetual's Kyle Libdury says NFP's "really need to get specialist advice when it comes to private assets...because it's wholesale, opaque and there's no lit market".

Fashion brands, religious groups, pie shops, charities and RSL clubs are parking millions of dollars in private credit vehicles run by the market's biggest managers.

With one day left in the financial year, CBA shares are up a staggering 50%, pushing its market cap above $300 billion. But fundies aren't so enthusiastic about it.

While all eyes are on Virgin, another new listing on the ASX this week will push the amount raised by private credit funds beyond $1 billion. And there's more to come.

Woodbridge co-founder Andrew Torrington says Metrics was "smashed" over Rockpool, despite providing the kind of transparency regulators want from private credit funds.

The private credit giant is embarking on an ambitious push into consumer lending in a bid to increase its scale and diversify its offering for investors.

The two investment giants have said that while valuation disclosure is needed, ASIC needs to define the purpose of why the valuation is needed.

Chair Joe Longo says private market operators will be forced to divulge more information about valuations and fees for private market deals by the end of the year.

Co Ventures and Side Stage Ventures say smaller VC funds have the maths on their side — it’s easier to deliver outsized multiples from smaller pools of capital.

Head of private markets Martin Randall says private credit loan fees lack transparency, creating conflicts of interest and leaving investors in the dark.