Idiosyncratic Cottesloe fund manager Packer & Co has reduced its exposure to the US stock market and pivoted funds to Asia to offset the impacts of global trade tensions.
Cottesloe fund manager Packer & Co has paid its biggest dividend since 2021, as the $2 billion trust it manages puts more distance from the challenges of the pandemic and Ukraine.
The Takeovers Panel has opted to steer clear of intervening in Energy Resources of Australia's $880 million offer, which could give Rio Tinto full control of the uranium miner.
Rio Tinto has announced it will manage rehabilitation of the Ranger uranium mine in the Northern Territory on behalf of subsidiary Energy Resources Australia, which counts Perth-based company Packer & Co as a 9.32 per cent minority shareholder.
One of Western Australia's biggest fund managers, Packer & Co, has spelled out the impact of Russian sanctions as it revealed a negative 1.2 per cent annual performance which still beat its benchmark markets.
SPECIAL REPORT: A new, more aggressive fund and the international expansion of its existing conservative strategy will be key to the growth of boutique investment manager NWQ.
Three leading professionals have joined forces to take control of the Peppermint Grove branch of the Liberal Party, which is influential in the preselection process for Colin Barnett's state seat of Cottesloe.
The appointment of investment banker Michael Ashforth as manager of the Bennett family's $1.5 billion fortune highlights the maturing of Western Australia's private wealth market.
