Macquarie Asset Management has entered into a Process Deed with Qube ($QUB) following an indicative proposal to acquire the company. Qube has stated the offer is worth A$5.20 per share in cash, valuing the company at approximately A$9.2 billion. The proposal reflects a 28%

When cash levels fall this low, history suggests it is time for caution.

Silver update: the breakout we flagged earlier this year. New highs, strong momentum, and a positive note to close out the year. 📈

Copper update: breakout follow-through continues. Copper exposures $SFR and $WIRE continue to perform strongly.

Material outperformance, silver surges, and preparing for a late-cycle shift — here’s your 2025 Q4 review. In this latest discussion, Tim Moffatt and Akhil Patel break down the drivers behind a +46% return for 2025 and what they’re watching as we enter 2026. Key points from

Oakleigh’s 18.6 Strategic Investment Portfolio delivered +9.4% for the quarter and +46.2% over 12 months, more than tripling its MSCI World Index benchmark return. Performance was driven by precious metals, copper, banking, and emerging markets, with cash lifted to ~26% to

Physical assets are moving for a reason. Silver and copper surged in Q4 2025 as supply constraints, energy transition demand, and late-cycle dynamics converged. Watch the full Oakleigh market update to understand what is driving the move and why it matters for portfolios:

Melbourne’s relative affordability isn’t an accident. This is textbook second-half cycle behaviour: capital rotates away from expensive first-tier markets, while second-tier Australian cities outperform. Cycles drive outcomes, not sentiment.

When one index shows a bearish pattern while the rest are bullish, we can ignore the bearish one. But when four bearish patterns appear across diverse sectors, we worry. To add icing to the cake, gold and silver are going parabolic .... another alarming historical warning that

Rising bond yields remain the biggest long-term risk to markets. US Treasury yields, particularly the 10- and 30-year, are breaking higher as Treasury prices break down. This reflects sustained pressure on long-term interest rates. Recent analysis shows that heavy US debt

The average super fund returned 10-13% in 2025. Oakleigh's 18.6 Strategic Investment Portfolio returned 46%. That's not a small difference. That's a different investment philosophy. One that understands where we are in the Real Estate Banking Cycle - and positions accordingly.

Markets delivered in 2025: • MSCI World Index: +19.5% • Dow Jones Industrials Index: +13.0% • All Ordinaries Accumulation Index +10.6% Oakleigh 18.6 Strategic Investment Portfolio: +46.2% This was not accidental. It reflected where we are in the Real Estate & Banking Cycle.

Dubai about to get a new wave of real estate investment as CEOs of failed Private Capital funds compete with exiled crypto criminals for mansions on Palm Jumeirah

Ladies and gentlemens, brace yourselves history is repeating with a vengeance, and the sequel looks even more explosive. I present to you the new and improved synthetic mortgage-backed CDOs that detonated the 2008 financial crisis… rebranded for 2026 as private credit funds.

Oakleigh portfolios are now holding 29-51% cash. This is our most conservative positioning in 5+ years. Here's what we're seeing: 1. Geopolitical: Iran escalation = tail risk 2. Credit: Private credit stress building quickly 3. Leverage: System-wide debt at extremes 4. Cycle:

How do Oakleigh portfolios compare with major sharemarket indices and superannuation funds? The chart below shows 3-year annualised returns to 31 December 2025. Our approach is built around the 18-20 year Real Estate & Banking Cycle, tactically positioning portfolios ahead of

Several late-cycle pressures are building in markets: • Rapid growth in private credit • Heavy concentration in AI and the MAG7 • Huge AI investment spending • Long-term bond yields staying high • A steepening US yield curve These are the kinds of signals that often appear

Boom-bust revelations? thedepression.org.au/?p=44833

Guiding principle: When long-term yields rise, the cost of capital rises with them. That’s when valuations come under pressure. Understanding where we are in the cycle matters. Explore a managed investment portfolio aligned with the Real Estate & Banking Cycle:

Relearning Economics Yes, unfortunately big rentier interests have the would-be little guys believing they can do it, too. So, although it's a big task, we need to start taxing economic rents more than earned incomes & sales.