Rising interest rates won’t derail momentum for record Australian merger and acquisition activity as pension funds continue to hunt for deals, according to Revolution Asset Management.
Despite market pricing for multiple rate hikes by the Reserve Bank of Australia this year, borrowing costs will remain historically very low in absolute terms, said Lucie Bielczykova, an associate portfolio manager at Revolution, a manager of private debt. And with Australia’s pension funds ramping up involvement in deal making, it only adds to the amount of cash hunting assets, she said.
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January 12, 2022 at 07:46AM
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Why Rate Hikes Won't Dent Deals Activity in Australia, According to This Asset Manager - Bloomberg
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