Email
Get the latest from The Australian Business
To view this email as a web page, go here.

Good morning,

The sharemarket’s worst start to the year since the pandemic has ripped through equity fund returns , with the overwhelming majority – more than 85 per cent – in negative territory for the three months to the end of March. Find out which fund performed best.

Meanwhile, the departure of another Mineral Resources director has heightened concerns over boardroom divisions, as the company searches for a new chair and seeks to rebuild a thinning leadership team short on mining expertise.

And ASX-listed Lindian Resources has asked police to drop the charges against two Chinese nationals who were detained by security staff at the company’s high-grade rare earths project in Malawi.

Vesna Poljak
Business editor
The markets


Making news this morning
1
Catalano lists St Kilda penthouse with epic price tag
Businessman Antony Catalano is hoping for the second-highest price struck for an apartment when he sells his penthouse in Tim Gurner’s Saint Moritz development.
2
CBA shares hit record high as mystery short waves white flag
Who was responsible for a Commonwealth Bank short position on Tuesday which sparked a massive 4.2 per cent rise in its shares? If anyone knows, they’re not saying yet.
3
Super funds’ complacency allows cyber threat to fester, says Verizon
Cybersecurity provider Verizon has released its annual Data Breach Investigations Report showing more than 22,000 cyber attacks across 139 countries and says complacency is rife.
Editor's picks
MARGIN CALL
Sydney millionaire couple’s house raided by organised crime police
It has the hallmarks of a juicy A Current Affair story, but why the trophy home of the show’s ex bureau chief and her hubby was raided by Organised Crime Squad detectives, no one is saying.
By YONI BASHAN
MARGIN CALL
Business heavyweights show scant interest in Treasurer prize fight
One of these two will control the nation’s purse strings after May 3 but does Melbourne’s business community care enough to hear what they have to say? Apparently not.
By NICK EVANS
MARGIN CALL
ACU busted underpaying its staff yet again
Australian Catholic University has been caught out a second time for underpaying its staff. This time it’s nearly half a million dollars which is owed to its Indigenous study assistants.
By YONI BASHAN
Commentary
Stock pickers come out second best in Trump’s wild ride
By ERIC JOHNSTON
Associate Editor
Hedge funds were torched, and long fund managers underwhelmed, adding to the pressure stock pickers find themselves under.
DataRoom
Cettire and its supporters bat away fears of equity raising
Tariff impacts mean the luxury goods retailer may need more money from investors as fears mount it is burning through cash faster than it can make up through sales.
Bets are off over BHP returns for Anglo with Mike Henry exit
With chatter that a new chief could be taking the helm at the mining giant, sources say it is likely to spell the end of any mega deal plans.
Lack of trades as Healthscope debt value dives
Healthscope debt is believed to be tumbling in value, in what could point to the level of interest in Brookfield’s private hospital operator.

image