News

In something that sounds like an Aaron Spelling soap opera, there has been a Bush or Clinton in the Whitehouse since 1980. It would seem the average voter in the USA is changing channels, and no longer believes this Dynasty should continue.

October saw bond yields rise and stock markets weaken. Australian bonds had a bad month, losing around 2.2%, as did stocks.

Melbourne Cup Form Guide As you place your bet today, you do so alongside hundreds of thousands of fellow Australians, risking around $1.5b on the Spring Racing Carnival. Betting agencies see a 50% spike in activity on Cup day, and stand to turnover around $400m. 25 million swimming pools of alcohol will be consumed, and around $50m spent on fascinators, ties, suits, and frocks. That’s not to mention grooming; where ladies see their beautician or hair stylist for an up-market look, or hipster gentlemen see their barber for a beard trim - $200 on average spent.

Congratulations to Peta Tilse, awarded finalist in the IT Innovation category of the Women in Financial Services Awards. 

Never one to shy away from being an early adopter and investor in start-ups… it has emerged this week that Lachlan Murdoch has turned a humble $100,000 investment into $30m, in around 7 years. Not a bad result.