The Joye of knowing that when you’re right, you’re right
Outsider loves a fund manager prepared to back themselves and, frankly, such people are never in particularly short supply.
But he particularly admires Coolabah Capital’s Christopher Joye, and not just because Joye was one of the first “Alpha Managers” identified by Money Management’s owners, FE fundinfo.
When you’re right, you’re right and Joye last week lost no time in asserting his perspicacity when Westpac printed what he described as “the first monster senior bond deal from a major bank since the before the pandemic”.
The always-modest Joye stated: “We had repeatedly predicted that a major bank would come to market with a senior deal before 30 June, a view that was rejected by the majors themselves and the market. The consensus amongst analysts was that issuance would not begin until the third or fourth quarter. And the consensus held that the issuance would be small in size. The reality proved very different”.
And Joye had no reluctance in lauding the author of his predictive triumph – “Westpac’s outstanding treasurer, aka the Queen of Credit, Jo Dawson”.
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