Sam Sicilia, the man holding the purse strings at the top-ranked superannuation fund, says he is “buying big” on depressed technology sector stocks.
Sam Sicilia, the man holding the purse strings at top-ranked superannuation fund Hostplus, says its relatively young member base allows him to go all in on depressed tech stocks and be “greedy when others are fearful”.the value of Canva – one of about 4000 private equity investments believed to be held by the fund.regulations prevented him from revealing any changes
But he has been more up front about his bullishness on listed tech stock valuations, saying he will use the current market rout to “buy up big”.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Not much merit in Pendal acquisition: Perpetual investorVan Eck chief executive Arian Neiron says buying Pendal Group will not address Perpetual’s growth challenges.
Read more »
Concerns raised about new tech that uses AI, cameras to monitor workplace safetyAI that uses CCTV to identify health and safety hazards can be trained to identify breaches such as when a worker is not wearing gloves or a hard hat, or to identify hazards like spills. But privacy laws are lagging.
Read more »
‘Terminated without notice’: Amazon’s gig platform challenged over driver ‘sacking’Tech giant Amazon is facing legal action from an Australian delivery driver, in a fresh challenge to the gig economy model the government has vowed to overhaul.
Read more »
‘Terminated without notice’: Amazon’s gig platform challenged over driver ‘sacking’Amazon is facing legal action from an Australian delivery driver who claims he was sacked from his job by being locked out of the platform, in a fresh challenge to the gig economy model the government has vowed to overhaul. | AngusGthompson
Read more »
'A big relief': Tonga gets its mojo back after qualifying for Rugby World CupAmid emotional scenes at Sunshine Coast Stadium, Tonga secures its place in next year's Rugby World Cup with a convincing victory over Hong Kong.
Read more »