However she did have some critical brainpower behind her within the type of tv dream crew Andrew Denton and his spouse Jennifer Byrne, who assisted in between mouthfuls of meat pie and slugs of Alex Retief’s wines.
At the very least Belgiorno-Nettis (whose yoga instructing, movie-producing spouse Anita is on the board of the STC Basis), full in a Kanye 2020 cap, didn’t should rue alone.
He was joined by Kerry Stokes‘ right-hand man and one-time Dapto Public faculty captain Bruce McWilliam.
Additionally in attendance: former Murdoch man Kim Williams and former rooster man John Ingham.
An actual renovator’s delight
McWilliam’s Level Piper neighbour Will Vicars, of Caledonia Investments, has amassed a powerful property portfolio of houses in Woollahra, penthouses in Bondi and estates within the Southern Highlands.
Possibly he ought to have a crack at serving to Zillow’s struggling house reno enterprise.
It’s a shocker!
Zillow, an American actual property itemizing web site, is Caledonia’s single greatest funding, and one he’s taken childhood buddy Gretel and her brother into prior to now.
In April, Caledonia circulated an investor replace which stated the fund might “see us proudly owning Zillow shares for one more 5 years a minimum of”.
And even after spinning off their large holding in Zillow to a particular fund, Caledonia saved shopping for (and shopping for, and shopping for).
In April, one-third of the cash in its most important funding fund was within the enterprise!
“Such massive positions can develop into unwieldy and crow out the remainder of the portfolio making it more durable to hold on the seek for the following large thought,” Vicars informed traders.
An everyday day within the Caledonia workplace will need to have the boys crowded round a Bloomberg terminal, Zillow share worth on the display, furiously mashing the refresh key.
Bizarrely, Zillow has determined being a list service isn’t sufficient. Now it needs to purchase, renovate and promote its personal houses, like its first, a beige anathema to good structure positioned in a lonely a part of Arizona on the street from Phoenix to Tucson.
So it is no shock that Zillow has this 12 months managed to s— throughout Caledonia’s in any other case glowing efficiency – down 23.three per cent thus far.
Caledonia’s confidential September replace reveals the $eight.9 billion supervisor’s most important fund is wanting down 6.four per cent for the primary three months of the monetary 12 months.
Its Co-Make investments fund, the place it dumps extra Zillow shares, is down 14.5 per cent!
Move the Bolly
The theatre crowd weren’t the one ones at a Sydney pub for Wednesday night time trivia.
And whereas it wasn’t fairly a Stolly with Edina Monsoon and Claudia Bing (of Bing, Bing, Bing and Bing PR), spinners from throughout the town descended on Woolloomooloo’s Outdated Fitzroy Resort for an evening placed on by the Commonwealth Financial institution’s company affairs boss Andrew Corridor.
Nearly 100 comms varieties for the occasion, sponsored by Sydney PR headhunter Rebecca Tabakoff, turned out (elevating $1200 by the tip of the night time for pancreatic most cancers analysis).
Alongside for the trivia: Qantas, Caltex, IAG, Optus and the Australian Banking Affiliation.
The winners? Commonwealth Financial institution, in fact.
Final? A joint effort from Qantas and Optus.
In the meantime, in different pub-related actions, a really fascinating gathering on the Resort Palisades yesterday: outgoing Virgin Australia govt Roger Lindeman having a critical lunch with former Labor senator Sam Dastyari, TWU Tremendous staffer Matt Rocks and former Hungarian prime minister Gordon Bajnai.
Kylar is The Sydney Morning Herald and The Age’s CBD columnist. He not too long ago lined federal politics, enterprise and NSW politics for Information Corp.