Business
Inside Yarra Capital Management’s $20b deal to buy Nikko – The Australian Financial Review
Fund managers know how crucial scale is, but they’ve been slow to do much about it. Yarra’s Dion Hershan won’t be left behind.
Nikkos 11-person Australian equities team, which is tightly focused on value investing, will be rebadged under the revived Tyndall Asset Management moniker, and kept separate from Yarras style-neutral, quality-focused stock-picking team. Nikkos local fixed income franchise will be combined with that of Yarra.
This is a non-cash deal. Nikko essentially swaps 100 per cent ownership of its lower margin Australian equities and fixed income team for a 20 per cent stake in Yarra.
Yarras higher margins…
-
General13 hours agoMultiple people missing after house fire in Toolooa, Gladstone
-
Noosa News13 hours agoGrave fears for three people as Gladstone home is engulfed in flames
-
General14 hours agoCopper Coast Council threatens ratepayer with legal action over ‘offensive’ comment
-
Noosa News8 hours agoFatal traffic incident, Glasshouse Mountains