Australian Financial Review – 9 March 2026 – Australian Financial Review

The financier is challenging a fine and a ban in a high-stakes legal battle with the FCA. PHOTO: BLOOMBERG ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● Can hedge fund titan Odey beat the regulator?

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● Court case The gambit by the disgraced financier to rebuild his reputation will provide a crucial test, writes Martin Arnold.

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● If you operate in a regulated sector, you have to follow the regulator’s rules, but there are ways of playing the game.

Claire Cross, former FCA lawyer Jes Staley, the former Barclays chief executive. There are parallels between his case and that of Crispin Odey.

summit this week to urge Trump administration officials and governors to follow the lead of NSW and Victoria by selling ageing ports, toll roads and energy assets to pension funds to take pressure off state debt and fund new public infrastructure. Australian superannuation funds already own $US29 billion ($41 billion) worth of US infrastructure and want to boost their holdings of public assets. However, a historic preference in the US for funding infrastructure through the sale of municipal bonds, along with some scepticism about privatisation, have constrained their build-up.

IFM, which manages $266 billion, believes it is an opportune time to push for new thinking. The US has an infra- structure funding gap of $US3.7 trillion over the next seven years, which the American Society of Civil Engineers blames on stretched public budgets, population growth and ageing assets. IFM says asset sales to pension funds, encouraged via federal grants, could solve the funding crisis. It will make the pitch directly to state gov- ernors and the White House.

 Worldp11 $5b Defence lands offer dismissed ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● Michael Read Defence correspondent Satterley, Gurner among interested developers Continued p6 The Albanese government has rejected a $5 billion approach to buy 67 military sites, some in Sydney and Melbourne’s most prestigious suburbs, as commer- cial interest in the sprawling property portfolio intensifies among major Aus- tralian developers.

The Australian Financial Review can reveal a private equity company approached the government last month to purchase the entire portfolio, which ranges fromprime development land and disused barracks to golf courses and even a vacant island in Sydney Harbour. Developers including Nigel Satterley and Tim Gurner have both expressed interest in the sites following the announcement in February by Defence Minister Richard Marles that the gov- ernment would sell the sites after an independent audit found they had little strategic value.

The portfolio was ori- ginally expected to raise $3 billion, or $1.8 billion after costs such as site remediation were factored in. Since the announcement last month, the Department of Finance has taken control of most of the properties from Defence and is overseeing the sale pro- cess, including due diligence, valu- ations and negotiations with potential buyers.

The private equity company approached Finance last month to pur- chase the entire portfolio for $5 billion, according to two sources familiar with the matter.

This is a short excerpt from the opening of “” by Unknown, quoted for review and introduction purposes. All rights belong to the copyright holders.

Book Information

• Unique ID: 36499e042da01311
• File Extension: .pdf
• File Size: 10,655,741 bytes (10.162 MB)
• Title: –
• Author: Unknown
• Pages: 33
• Language: English (en)

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