
Caledonia
New Caledonia?
Caledonia takes concentrated bets with the fortunes of Sydney's richest, oldest families. For the first time in years, it's added two new stocks to its portfolio.
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Caledonia takes concentrated bets with the fortunes of Sydney's richest, oldest families. For the first time in years, it's added two new stocks to its portfolio.
There's only one reason for an ascendant private fund manager to buy a distressed listed one: liquidity.
Fund managers are now trying to price the unpriceable risks of berserk founder-CEOs and of being transacted out of high-performing companies with zero recourse.