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16/02/21
17:41
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Originally posted by austted
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Who is Tim Murray
From Crikey at the time of the Wentworth By election
"He’s the low-key Labor candidate for the seat, and president of the Tamarama Surf Life Saving Club. He speaks fluent Mandarin and is a successful businessman in his own right. With Turnbull Jnr’s comments and the general embarrassing disarray that the federal Liberals find themselves in, Murray has been hit squarely on the arse by a rainbow.While Murray, 50, has not been permitted to speak to the media, he is well known to Crikey, having provided commentary on the Chinese economy to this publications in recent years. He studied the Chinese political economy at Macquarie University and won an Australia-China Council scholarship to the storied Johns Hopkins University in the US.
One the way he stopped into Beijing to practice his Mandarin in a summer job and wound up in the Australian embassy researching food imports into China and ended up working for Austrade for two years and opening its office in the north-east Chinese port city of Dalian. Following that he worked for Foster’s in China and started City Weekend magazine with his now business partner Anne Stevenson Yang. They sold the publication to Swiss media multinational Ringier where Murray sat on the new media board for a decade, taking him in and out of Europe and into a job minding former German chancellor Gerhard Schroeder on his regular China visits, giving him access to high-level government officials in China.
Murray was seen at a fundraiser for Neil Pharaoh, the openly gay Labor Party candidate, for the federal Melbourne seat of Prahran this week, burnishing his credentials with a community whose support may be crucial in Wentworth."
So his background is in Political Economics rather than Finance which might explain the lack of understanding of NEA in the JCap report. I understand Anne Stevenson Yang's background is as a journalist rather than Finance.
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If one reads https://www.copyright link/markets/...tre-of-the-wisetech-maelstrom-20191023-p533em , one learns that Jcap is a business that works for hedge funds. Initially the focus was on China, but as less money was being invested in China, Jcap had to broaden its market. It would be a no-brainer to have a small side bet if one knew a stock was going to be targeted by a deep-pocket hedge fund. Drawing a long bow, this in itself may be construed as insider trading if one extends that to include a person who becomes aware of non-public information, and trades on that basis.
On the last point, in Australia people have been convicted of a crime, and jailed, because they profited from information from the Bureau of Statistics before the information was published. See https://www.copyright link/companie...amay-sentenced-to-seven-years-20150316-1m0j9d . Even a man who accessed “buy” recommendations before they were published was jailed for insider trading – see https://www.heraldsun.com.au/truecr...g/news-story/9689ee5640f2a6b2f54b12c7ddbe6ad7