Carnegie fights for structure change

Carnegie fights for structure change

June 2014: Investor Mark Carnegie has warned the boards of Washington H Soul Pattinson and Brickworks the push to dismantle the cross-shareholdings won't go away when his agreement with Perpetual expires at the year's end, in his first interview since lodging an explosive cross-claim in the Federal Court.

"Our involvement is a sideshow," Mr Carnegie told the Financial Review Sunday program. "Perpetual have been a shareholder in this company for nearly two decades. They are the most significant shareholder. They have had proposals which have been brought to them by other people. They have had arrangements with other people. They want this situation to stop. They will continue to pursue."

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Harvey's Entertainment Quarter hopes

Harvey's Entertainment Quarter hopes

June 2014: Billionaire retailer Gerry Harvey has "grand plans" for the struggling Sydney Entertainment Quarter, after acquiring the leasehold for $80 million from ­Colonial First State Retail Property Trust and one of its wholesale funds.

Mr Harvey acquired the leasehold as part of a consortium that included advertising mogul John Singleton and investment banker Mark Carnegie, who bought in through his private equity fund, ­Carnegie Private Opportunities Fund No.1.

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Support for new approach to raise capital

Support for new approach to raise capital

June 2014: Small companies should be allowed to raise capital in the same way websites such as Kickstarter encourage consumers to commit funding to new products, qualifying them to become share­holders in the company, according to a ­government review.

Investors and start-ups said the scheme would close a funding gap for start-ups seeking between $1 million and $3 million to launch their product or idea. But they warned the move would need caution, to avoid start-ups becoming inundated with thousands of new shareholders.

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Don’t starve tomorrow’s corporate champions

Don’t starve tomorrow’s corporate champions

May 2014: Mark Carnegie writes in The Australian that innovation and new business development are crucial for Australia’s economic health.

Government funding to put exciting new companies on their feet so they can compete in global markets is much the same as taxpayers funding the Australian Institute of Sport to train Olympic athletes. Just like with our investment in Olympic athletes, the community gets a huge return from government innovation programs.

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New laws won't help old media: Carnegie

New laws won't help old media: Carnegie

March 2014: Changes to Australia's media-ownership laws would just be rearranging deckchairs on the Titanic, says prominent investor Mark Carnegie.

Mr Carnegie said the prospect of changes to media ownership was to some extent driving share-price rises in ­traditional media companies, but ­loosened laws would not guarantee their survival. "The whole thing here is that the media that people talk about is becoming smaller and smaller and smaller, ­compared to the media that is SEEK, ­Carsales.com.au and REA,'' Mr Carnegie said. ''They get on with making money day after day."

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