DERAILED: Federal Member for Mallee, Anne Webster, acknowledges that the lack of additional funding for the Murray Basin Rail Project in the 2020 Federal Budge [...] Read full article: FEDERAL MP: Derailed project needs trans...→ #Anne Webster; 2020-10-09. In both routs, Advent’s funds fell far less than market indices and recovered faster. Antony Green is the ABC's chief election analyst. “When you have a market like we’ve had since 2008, with stocks consistently going up, people don’t think about being defensive,” says Maitland, a veteran trader who speaks with the rapid matter-of-fact tempo of a native New Yorker. More new boundaries 1999 made Maitland more marginal, and forced a contest between Blackmore and the Labor MP for the neighbouring but abolished seat of Waratah, John Price. Is it safe to start booking overseas trips for next year? His strategies range from defensive convertibles to riskier high-yield bonds and hedge funds. Marshall has held the seat without serious difficulty since, and now sits on a majority of 32.8 percent, the safest in the state. It was held by the same three members throughout its first incarnation: inaugural Country Party leader Michael Bruxner, state Minister for Education David Drummond, and Labor MP Alfred McClelland, grandfather of former federal Attorney-General Robert McClelland. Like a bond, convertibles pay coupons and get repaid in full at maturity, typically in five to seven years. It was held by the same three members throughout its first incarnation: inaugural Country Party leader Michael Bruxner, state Minister for Education David Drummond, and Labor MP Alfred McClelland, grandfather of former federal Attorney-General Robert McClelland. This was not considered an upset; the Nationals would have won it with a majority of 26.1 percent in a "traditional" two-party matchup with Labor. This is not the first time Advent’s convertible strategy has been put to the test. He is a freelance journalist after previously working at the Maitland Mercury and the Newcastle Herald. My beat includes hedge funds, private equity, fintech, mutual funds, mergers, and banks. To make a comment or suggest a change to the election site, please contact us. 'Sitting on the beach, relaxing, enjoying the sun': Fauci would love the US to be where Australia is, France condemns attack on Remembrance Day ceremony in Saudi Arabia, Georgia election officials announce vote recount, Haas and Tino going toe-to-toe was about them, not some State of Origin mysticism, Hong Kong's pro-democracy MPs resign en masse in 'official death' of one country, two systems formula. “One day they’re green, the next day they’re blue.”. While they’re nothing to celebrate, the losses represent far less pain than the 30% drubbing of the S&P 500 Index, and some of Maitland’s convertible-oriented hedge funds were down between 8% to 10% net of fees. In normal times, Maitland leads the 8:30 a.m. research meeting of his firm, Advent Capital Management, from a Manhattan corner office on 57th Street with sweeping, unobstructed views of Central Park and the Essex House. Can a mulberry tree really help save a property from bushfire? She has a bachelors degree in Science from Newcastle university and is currently studying a Masters of Medical Science. Johnson has lived in the Hunter her whole life. Torbay was forced out of politics in 2013 amid a corruption investigation. Get updates UPDATE: MEDICARE BULK BILLING IS UNDER THREAT. Eventually, Maitland returned to Merrill’s New York offices in 1987 and became head of convertible sales, a backwater at the firm. This electorate is based on the mining and industrial city of Maitland and its surrounding suburbs and townships. Blackmore's popularity meant the swing to Labor was the smallest in the state, but Price still won the seat. McCarthy was a popular member, and held the seat for Labor as the region trended increasingly conservative. Jenny was elected to the New South Wales Legislative Assembly as State Member for Maitland in 2015 representing the Maitland and passionate in lobbying for services and infrastructure for her Community. AMZN When the outbreak spread, Maitland’s team of about 20 investors completed a “burn-down scenario analysis” of their portfolio in search of companies lacking the cash flow to survive a pandemic-driven 10% to 60% sales crunch. She has been involved in animal rescue, and rehabilitation for over 10 years including domesticated animals and wildlife, and has been involved in the fight for animal protection and stronger animal rights laws since 2003. In 2007, the low level of population growth in the electorate led to Northern Tablelands being expanded, both to the west to take in Warialda and Bingara and to the south to take in Walcha and Nowendoc, increasing its area to 44,674 km².[4]. It centred on the university city of Armidale; other towns included in the electorate are Inverell, Glen Innes, Tenterfield and Uralla. Hunter has been Labor held since 1910 and its past members include two former Labor Party leaders, Matthew Charlton 1910-1928 (Leader 1922-1928 ) and H.V. Raised in the Bronx, Maitland is the son of one of the surgeons at Harlem Hospital who operated on Dr. Martin Luther King Jr. when he was stabbed at a book signing celebrating his narrative of the Montgomery bus boycott. Speaker of the New South Wales Legislative Assembly, Electoral results for the district of Northern Tablelands, Results of the 2019 New South Wales state election (Legislative Assembly) § Northern Tablelands, "2013 Northern Tablelands By-election Results", Election Funding Authority of New South Wales, "Sir Michael Frederick Bruxner (1882–1970)", "The Hon. She has a long history working in the Labor Party and in working for the local community in Maitland. He calls Queens Congresswoman Alexandria Ocasio-Cortez “financially illiterate” for her attacks on Amazon Coloured tab indicates seat won by a party forming government. This is the third time Brown has contested Maitland, having also contested the local seat of Paterson at the last two federal elections. Advent’s conviction buys include Massachusetts-based Akamai Technologies, which sells cloud infrastructure to web and streaming businesses; Workday, a Pleasanton, California–based payroll provider She has raised two children as a single parent, is a foster carer and primary school teacher. LYONs were a big hit for Merrill, and Maitland became a top producer, selling them to major clients like billionaire investor Howard Marks, then at Trust Company of the West. Added to the district was the entirety of Moree Plains Shire along with the remainder of the former Armidale Dumaresq Shire, whilst Tenterfield Shire was removed from the district. While Labor frequently runs dead in northern NSW, Northern Tablelands has become particularly unfriendly territory for Labor even by northern NSW standards. His task this morning is to navigate a trading day in which the Dow Jones Industrial Average will open 5% lower, then plunge more, tripping a trading halt, eventually closing below 20,000 for the first time in over two years. “You could make money and you couldn’t lose, as far as I could tell,” says Marks of LYONs. Follow me on Twitter at @antoinegara, © 2020 Forbes Media LLC. It was held by the Liberal Party from 1932 to 1981, former members including Askin government transport minister Milton Morris 1956-80. Chappell was re-elected with little difficulty three times, but in the 1999 election faced a challenge from the popular ex-mayor of Armidale, Richard Torbay, standing as an independent. Currently Maitland is loading up on the convertibles of unleveraged technology and health-care companies. The Liberal Party’s candidates for the seats of Newcastle, Charlestown and Maitland admit they face an uphill battle in the 2019 state election. Terenzini was easily defeated by the Liberal Party's Robyn Parker. In 1995, he spun out his operation, dubbed it Advent, and began to forge a reputation for weathering turbulent markets. His big break came in 1985, when Merrill invented a hybrid zero coupon bond that could be converted to cash or stock called “liquid yield option notes,” or LYONs. (Richard) George Richard Torbay (1961- )", "Northern Tablelands: First Preference Votes", "Northern Tablelands: Distribution of Preferences", Former electoral districts of New South Wales, Moreton, Wide Bay, Burnett, Maranoa, Leichhardt and Port Curtis, Australian Equine and Livestock Events Centre, https://en.wikipedia.org/w/index.php?title=Electoral_district_of_Northern_Tablelands&oldid=984400461, All Wikipedia articles written in Australian English, Creative Commons Attribution-ShareAlike License, This page was last edited on 19 October 2020, at 22:26. (Map). Labor endorsed McCarthy's widow, Thelma, at the subsequent by-election, but she was narrowly defeated by National candidate Ray Chappell after a heavily-publicised campaign. Given the recent market slide, all of Maitland’s holdings have significant conversion premiums—meaning their underlying equity sells for a price well below the notes’ designated conversion price. Akamai’s cloud-networking infrastructure will benefit from rising web traffic by stay-at-home workers, and it carries minimal debt. What's in it for you? Twitter’s stock needs to rise above $57 from its current $25 for its convertible to be worth exercising. . I’m a staff writer and associate editor at Forbes, where I cover finance and investing. His task this morning is to navigate a trading day in which the Dow Jones Industrial Average will open 5% lower, then plunge more, tripping a trading halt, eventually closing below 20,000 for the first time in over two years. The software firm has $1 billion in net cash and reported 30% revenue growth last year, a good cushion for potential financial problems among its small-business users. some of Maitland’s convertible-oriented hedge funds were down between 8% to 10% net of fees. Counts, recounts and legal challenges: here's where the US election result is at, Canberra's revolving door of political leaders is creaking again, Sixteen children allegedly sexually abused at NSW Mid-North Coast childcare centre. You may opt-out by. This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. Since the mid-1990s, his two largest strategies ($4 billion in assets), Advent Balanced Convertible and Advent Phoenix Convertible Income, have returned after fees, about as much as an S&P 500 Index fund, with less risk. It is currently held by Adam Marshall representing the National Party, following a by-election triggered by the resignation of independent member Richard Torbay. As a measure of his popularity, he suffered a swing of nearly 11 percent in 2011 amid the massive Coalition wave that swept through NSW, but still retained his seat with a comfortable majority of 19.2 percent.
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