Willy Packer

Western Australian businesses contributed nearly $2 million to the two major political parties in the 2016 financial year, according to recently released disclosures, while trade unions gave about $1.1 million directly to the local branch of the Labor Party.

With uncertainty surrounding global share markets, Business News has taken a close look at the strategies of six Perth-based fund managers.

Perth equity fund managers are having to look harder for value after generating very strong returns during the past year.

Packer & Co’s $2 billion investment fund is down 12 per cent for the month of February after its large portfolio of Russian stocks collapsed in value.

One of Western Australia’s biggest fund managers, Packer & Co, has spelled out the impact of Russian sanctions as it revealed a negative 1.2 per cent annual performance which still beat its benchmark markets.

Cottesloe is home base for many in the investment world.

Mr Packer was fondly remembered for his contribution to the property industry and life as a keen sailor.

Perth businesses are backing Fremantle Theatre Company’s post-COVID mission to deliver jobs.

Energy Resources of Australia has begun proceedings in the Federal Court against in relation to the Northern Territory government’s decision not to renew the Jabiluka mineral lease.

The Takeovers Panel has opted to steer clear of intervening in Energy Resources of Australia's $880 million offer, which could give Rio Tinto full control of the uranium miner.

The Takeovers Panel has ruled that uranium player Energy Resources of Australia’s entitlement offer with Rio Tinto did not involve unacceptable circumstances.

Cottesloe fund manager Packer & Co has paid its biggest dividend since 2021, as the $2 billion trust it manages puts more distance from the challenges of the pandemic and Ukraine.

Rio Tinto will move to full control of Energy Resources of Australia, taking its full allocation of an entitlement offer which will bring its stake in the Ranger uranium project owner to 98 per cent.

Fund manager doubles down on strategy that has made him rich.

The WA Liberal Party has made more from donations this financial year than WA Labor, but levies and union fees have the latter’s coffers well ahead in the lead up to the state election.