Has anyone noticed how MB is no longer the local “doomsayer”? Via AFR:
Australian asset manager Altair Asset Management has made the extraordinary decision to liquidate its Australian shares funds and return “hundreds of millions” of dollars back to its clients, citing an impending property market “calamity” and the “overvalued and dangerous time in this cycle”.
…”We think that there is too much risk in this market at the moment, we think it’s crazy,” Mr Parker said more candidly.
