Cash may be king but at what cost?

This year’s conference, on October 1-2, is for invitees only but UTS’s Professor Ron Bird says interested industry practitioners should contact the UTS School of Finance and Economics for details. One of the star presenters this year is the well-known behavioural finance expert Nicholas Barberis, of Yale University, who will speak on ‘Are Markets Efficient and Does it Matter?’

Professor Dimitri Vayonas and Dr Paul Woolley, both of the London School of Economics, will address: ‘An Institutional Theory of Momentum and Reversal’. Woolley, a former funds manager with GMO in London, has provided most of the funding for the Centre. Information, email: Yvonne.Gray@UTS.edu.au

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Realities behind the SaaS sell-off

The roughly US$2 trillion ($2.8 trillion) sell-off in the global software sector since September 2025 is, while a painful drawdown for growth investors, also a timely reminder that asset owners should be more alert to stock-specific dispersion and hidden concentration risk inside portfolios, writes JANA head of research execution, Matthew Gadsden.

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