Hi ongweehiang,
What you have described here seems to be ad hoc opportunistic investments done by them previously, rather than having a dedicated team doing investments all the time, with full-time staff looking after them.
Challenger core business is not in investments. Certainly not from their reportable business segments in the accounts. Which is why I am puzzled that they are doing investment in financial instruments. Ultimately, if they have spare cash in excess of their business requirements, then the logical thing to do is to return them to shareholders and let them make their own capital allocation and investment decisions.
(09-08-2021, 09:42 PM)ongweehiang Wrote: This is not the first time Challenger is doing this. They have been doing it for a while.
What you have described here seems to be ad hoc opportunistic investments done by them previously, rather than having a dedicated team doing investments all the time, with full-time staff looking after them.
(09-08-2021, 09:42 PM)ongweehiang Wrote: Challenger would have garnered some experience from their forays of the past. Maybe we should give them some benefit of the doubt in their investing capabilities.
Challenger core business is not in investments. Certainly not from their reportable business segments in the accounts. Which is why I am puzzled that they are doing investment in financial instruments. Ultimately, if they have spare cash in excess of their business requirements, then the logical thing to do is to return them to shareholders and let them make their own capital allocation and investment decisions.