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Gold Coast-based boutique investment manager, Swell Asset Management, has appointed former general manager of NAB’s Meritum Financial Group as its head of distribution.
Lachlan Hughes, chief executive at Swell, said that Poole’s knowledge of the industry, that spanned 25 years, and understanding of financial advice and product solutions would help expand the business.
Hughes set up Swell in 2014 and the firm’s strategy focuses on globally listed companies at a discount to their conservatively estimated intrinsic value.
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2021 Victorian WASZP Championship at Royal Geelong Yacht Club by Marc Ablett 16 Mar 06:20 UTC 13-14 March 2021
The 2021 Victorian WASZP Championship was contested on the waters of Corio Bay in Geelong. A new venue on the WASZP circuit, there was great anticipation with the forecast of good wind and flat water.
Saturday dawned and 22 WASZPs were ready to contest the series, mixed in with the Royal Geelong OTB fleets meant the course was slightly longer than usually raced in WASZPs, but this wasn t to matter as the anticipated westerly front hit the fleet halfway through the race. There were plenty of thrills and spills but it turned out to be an epic race with Lachie Hughes leading around the first lap only to have some tuning issues with his boat once the breeze came up. This handed the lead to crowd favourite Jack Abbott who was relishing the boathandling challenge as the breeze clocked to 25 knots.
Testing times for tech stocks as cyclicals race ahead
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A savage appraisal of Appen s outlook following a nightmare on Wall Street for tech s megacaps dealt the local technology sector another blow on Thursday as investor interest drifted to cyclical and value stocks.
The technology sector was easily the worst performer on the Australian sharemarket after the Nasdaq 100 sank 2.2 per cent, recording its biggest drop in more than a month.
David Allingham of Eley Griffiths.
Ben Rushton
The S&P/All Technology Index fell 59.2 points, or 2.1 per cent, and the S&P/ASX 200 Index dropped 45.4 points, or 0.7 per cent, to 6683.1.