GSFM appoints Michael Angwin to Sydney-based distribution team

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Fund manager GSFM has appointed Michael Angwin to the newly created role of consultant and wholesale distribution, effective 31 October. He will report to head of retail distribution Stephen Fletcher.

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09 Nov 2022

Long/short investing – a strategy for all seasons

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Investors and advisers alike are most familiar with ‘long-only’ investing. Short selling is often perceived negatively and attributed to day traders. However, as outlined in this article from GSFM, a

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08 Nov 2022

Outsize September quarter CPI poses some ‘awkward optics’ for the RBA

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As has occurred throughout the developed country complex, Australia’s September quarter consumer price index (CPI) surprised on the upside. The Reserve Bank of Australia (RBA) minutes from the October meeting note that

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31 Oct 2022

RBA judgement that policy rate increments are “finely balanced” and UK records a double digit 40 year-high in inflation

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Tuesday’s release of Reserve Bank of Australia (RBA) meeting minutes from the October meeting note that the decision between moving the policy rate by 25 basis points versus 50 basis

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21 Oct 2022

There’s a bear (market) in there

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Bear markets are an unfortunate reality of investing and a necessary part of the market cycle. In this article, GSFM shares the views of its investment partner Munro Partners on

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19 Oct 2022

US bond yields still pondering the three-pronged fork and NAB Monthly Business Survey points to upside risk in RBA inflation forecast

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Not unexpectedly, and resilience in the labour market notwithstanding, US activity data appears to be responding to Fed policy rate hikes and the recent hawkish tack from Fed officials. Market

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14 Oct 2022

RBA increases 25 basis points: certainly defensible but risks “awkward optics”

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A little surprisingly in my view the Reserve Bank of Australia (RBA) Board meeting today decided on a downshift in the size of the policy increment from 50 basis points

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07 Oct 2022

The Fed has the “cleanest dirty shirt” approach to monetary policy

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BoE intervention is not sustainable In Kris Kristofferson’s famous ballad Sunday Morning Coming Down (of course, popularised by the late Johnny Cash) the protagonist speaks of one Sunday morning, after a particularly

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30 Sep 2022

US August inflation surprises on the upside and the RBA’s policy rate increment unlikely as domestic inflation remains sticky

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US August inflation surprised on the upside. ‘Headline’ inflation came in at 8.3 per cent (versus 8.1 per cent expected) while ‘core’ inflation registered 6.3 per cent (versus 6.1 per

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16 Sep 2022

The disconnect between GDP growth and Asian equities

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Economic dynamics in Asia provide enormous opportunities to create alpha from stock picking. But it is rarely a function of the level, or even change, of nominal GDP. This article

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13 Sep 2022