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Charities Dipping Into Their Reserves As Covid Hits Income

13 Dec 2020

Wealthy family charitable foundations have been dipping into their cash reserves to fund philanthropic causes as their income has been slashed by the COVID pandemic, providing a challenge to the traditional investment models used by the nation’s not-for-profit sector. Equity Trustees’ third annual Giving Review to be released this week reveals there were more than...

Seek Drama Highlights Investors’ China Dilemma

02 Nov 2020

China’s sharemarket is too big to ignore, but it’s not easy to access for local investors. One wealth firm has taken a boots-on-the-ground approach. Regardless of how Seek responds to a short seller’s attack focused on its investment in a Chinese classifieds giant on Monday, the episode is a reminder of an inherent challenge for...

Koda Capital Warns ASX Exposure In Super Amplifies Risk For Retirees

06 Sep 2020

Koda Capital Warns ASX Exposure In Super Amplifies Risk For Retirees Paul Heath, the chief executive of the $8bn boutique wealth manager Koda Capital, says the over-exposure of Australian investors to the local sharemarket through their superannuation funds is undermining the nation’s retirement system and unnecessarily amplifying risk for retirees. The former JBWere executive claimed...

9 Koda Advisers in Australia’s Top 100

26 Jun 2020

Today US financial investment publication Barron’s, in partnership with The Australian’s business magazine The Deal, released their rankings of Australia’s Top 100 Financial Advisers. The rankings are based on an exhaustive national survey. This list offers clients and advisers a unique guide to the leading practitioners in the sector. The formula used to calculate the ranking...

Bringing Objectivity To Financial Advice

26 Jun 2020

Koda Capital’s Frank Macindoe provides financial advice for some of the wealthier people in Australia as well as charities and not-for-profit organisations. Koda Capital’s Frank Macindoe provides financial advice for some of the wealthier people in Australia as well as charities and not-for-profit organisations. He and others in his firm make their money by charging...

Vertical Integration No Virus Cure: Ex-MLC Boss

07 Apr 2020

“The reality is that in a time of crisis, people need quality financial advice more than ever before. The idea that this is the time we should return to a subsidised and conflicted system would seem to be regressive.” Large vertically integrated wealth managers may be seeking to take advantage of the coronavirus crisis to...

AFR 2020 Fast 100

23 Mar 2020

The Australian Financial Review today released the 2020 Fast 100 and Fast Starters lists. To be eligible for entry into the Fast 100, a business must have started trading on or before July 1, 2015, and have had turnover greater than $500,000 in 2015–2016. Koda Capital debuted on the Fast 100 list in the #46...

How Top Advisers Are Dealing With The Market Panic

14 Mar 2020

Rather than worrying about how bad things will get, the country’s top financial advisers are focused on the opportunities being thrown up.   The day that financial adviser Charles Moore of Koda Capital had been expecting for 11 years finally arrived this week with a sharemarket drop steep enough to enter the history books. Investors...

Koda Capital Founders’ Brotherly Love

11 Mar 2020

It’s been a challenging road for finance industry veterans Paul Heath and Steve Tucker, but there’s always time for mischief. Paul Heath and Steve Tucker are co-founders of independent wealth management firm Koda Capital, where Heath is CEO and Tucker is chairman. They spoke to AFR BOSS magazine about their working relationship. Paul Heath Steve...

Conflicted Fees Hollow Out Trust In Wealth Advice

29 Jan 2020

The integrity of the financial advice system is compromised by the loophole that pays advisers lucrative commissions for selling listed fund investments. Note: an abridged version of this paper was published in the AFR on 29 January 2020. The furore that has erupted over the revelation of a loophole that allows the use of selling fees to...

Responsible Investment – Using Your Capital for Profit and Purpose

14 Dec 2020

The purpose of this paper is to introduce the concept of responsible investment and highlight how this style of investing can help you successfully align your capital and your values. It is a reference point for individuals, families, non-profit organisations and charitable foundations who are curious about responsible investment, its evolution and how it can...

Giving Well – By Avoiding Big Mistakes

13 Jun 2020

What do zombies, sunscreen and drones have to do with philanthropy? To find out, read our list of five mistakes to avoid if you want to give and give well. Giving Well – By Avoiding Big Mistakes reflects Koda’s deep experience of philanthropy and the broader charity sector in Australia. It is the latest in a...

Investing for NFPs: Risk Management for Investment and Finance Committees in the Time of COVID-19

20 Apr 2020

The idea of being able to time the market is emotionally appealing. After every significant market dislocation, the popular business press will carry the story of the market wizard who got it just right. The catch is that from one correction to the next, it is rarely the same wizard. The reality is that most...

Crisis Giving: Reflections & Observations for Fundraisers

13 Apr 2020

The paper includes a list (by no means exhaustive) of domestic and international resources focused on giving and income generation for the non-profit sector in times of crisis, highlights notable quotes from each of the sources listed and ends with a few of our own thoughts.

The Upside of Minimising Downside

09 Apr 2020

Minimising a portfolio’s losses in falling markets is far more important to long term investment success than maximising gains in rising markets. This paper examines the importance of upside/downside capture, and is part two of a trilogy series outlining the principles behind Koda’s investment philosophy: diversification, upside/downside capture and time in the market. Parts one...

Navigating Non-Profit Organisations Through the COVID-19 Crisis

02 Apr 2020

In the early stages of the COVID-19 crisis, this paper draws on the experience of charity leaders, who have taken the time to share the actions they have taken, their approach to leadership and thoughts for the future. The paper also includes practical questions non-profit leaders should consider asking themselves as they navigate the crisis.

The Upside of Maintaining Diversification

28 Mar 2020

The phrase “diversification is the only free lunch in investing” is attributed to the Nobel Prize laureate Harry Markowitz. Investors accept this principle with few exceptions, however when faced with market turbulence many will retreat to the set of risks that are most familiar to them. In the process they often reduce the diversification of...

Helping Your Kids Without Ruining Your Life (or Theirs)

13 Feb 2020

How wealthy families help their children financially is a complex topic, as well as a deeply personal one. More families than ever are working through it. There are more than three times as many households with a net worth in excess of $5m compared to 15 years ago (adjusted for inflation). Families are smaller, meaning...

Preparing for the Next Market Crisis: A Checklist for Non-Profit Investment Committees

13 Nov 2019

Note: this checklist was updated in April 2020. You can view the updated document (‘Investing for NFPs: Risk Management for Investment and Finance Committees in the Time of COVID-19’) above or by clicking here.  No-one in the investment community knows when the next big market correction is coming, but every investor needs to be ready for...

Executive Share Schemes – Maximising the Opportunity

13 Nov 2019

By Sabil Chowdhury – Adviser & Partner at Koda Capital An employee share scheme is often the single most important source of wealth generation for an executive over their working life, and such schemes come in different forms with different potential outcomes. For an executive to fully maximise the opportunity for this wealth creation tool, they...

Investing for Non-Profits: 10 Investment Lessons for NFPs 10 years on from the GFC

13 Nov 2018

The 15th of September 2018 marked the 10th anniversary of the collapse of US investment bank Lehman Brothers and the onset of the Global Financial Crisis (GFC). Many trustees, directors and investment committee members of charities, foundations and non-profits are still haunted by the episode. As advisers to these investment fiduciaries, we are often asked...

A Snapshot of Australian Giving

13 Oct 2018

A Snapshot of Australian Giving is written for the benefit of donors and fundraisers. It is based on Koda’s analysis of the latest giving data from a variety of sources. As well as presenting the data, the report features insights and observations based on Koda’s direct experience with clients and the broader giving community.

Koda Capital Impact Investing Advisory Service

13 Nov 2018

Koda is proud to offer clients the opportunity to build portfolios that reflect not just their financial objectives, but their values and their desire to invest in social and environmental change. We are excited to bring a pioneering impact investment advisory service to our clients. Impact investing for private, non-profit & philanthropic investors explains what...

Seizing The Opportunity – A Fresh Perspective

13 Jun 2018

By Sean Abbott – Adviser & Partner at Koda Capital Having recently completed interviews with a new set of business entrepreneurs, ‘Seizing the Opportunity – A Fresh Perspective’ is an extension of Koda’s original white paper on wealth management after liquidity events. Our new research both confirms our first set of findings and introduces new...

Top 10 Mistakes of the Australian Non-Profit Investor…And How To Avoid Them

13 Mar 2017

This paper is dedicated to helping non-profit trustees, directors and committee members spot and avoid potential mistakes and common pitfalls.

Investing for Non-Profits: An Effective Investment Policy Statement

13 Nov 2016

Investing reserves on behalf of a foundation, charity or non-profit organisation is a tremendous privilege, and one that comes with significant responsibility. It requires a fiduciary mindset, a willingness to thoroughly address all aspects of stewardship, and a robust investment governance framework. It also requires the organisation to understand how its reserve assets serve its...

The 2015 Koda Capital Australian Giving Review

13 Aug 2015

An exploration of Australian giving, designed to help those interested in philanthropy understand the giving landscape. The review sets out ideas to provoke discussion about how giving can be encouraged in Australia.

The 2016 Koda Capital Giving Snapshot

13 Nov 2016

The 2016 Koda Capital Australian Giving Snapshot is an analysis of the latest annual giving statistics released by the Australian Taxation Office (ATO). Highlights of the Snapshot include: Giving grew 11.7% (year over year) to $2.6 billion Increased donations into Public & Private Ancillary Funds contributed significantly to the growth in giving Australian women gave more...

Preparing for the Future – Do or die for non-profit boards

13 Mar 2016

Life for non-profits is changing rapidly, and in many ways dramatically. Non-profit boards face a future that looks nothing like the past – one in which they must deal with changes in government policy, increased regulation and accountability, rising costs, higher funder expectations, the need to prove impact, systemic change, tougher competition and the impact...

Strategic Philanthropy – The Chan Zuckerberg Initiative

13 Mar 2016

In December 2015, Facebook founder Mark Zuckerberg and his wife Dr Priscilla Chan announced their intention to pledge 99% of their Facebook shares – then valued at A$62 billion – to a new philanthropic vehicle known as The Chan Zuckerberg Initiative. Koda believes the Initiative is a game changer with the potential to completely revise...

Ensuring Your Plans For Your Super Become A Reality

13 Dec 2015

If you are one of the growing number of Australians with self-managed superannuation funds, it is important for you to have a sound understanding of the benefits associated with them. Who is entitled to what, both during your retirement and after your death, varies greatly from situations where assets are held directly. This critical part...

Strategic Philanthropy – Leadership Insights

13 Oct 2015

In August 2015, Christopher G. Oechsli, President and CEO of The Atlantic Philanthropies visited Australia to discuss the foundation’s work. Atlantic, a limited-life foundation that will make its final grants by the end of 2016 and will close its doors by 2020, has so far distributed A$10 billion, including A$590 million in Australia. Atlantic’s visit also allowed...

Seizing the Opportunity: Wealth Management After Liquidity Events

13 Apr 2016

The purpose of this paper is to present Koda’s research and observations into the common concerns shared by business owners following the sale of their business, and the critical role of specialised advice in addressing these concerns and providing the peace of mind to enter their next phase of life. To get a copy of...

Investing for Non-Profits

22 Jun 2015

Essential questions for board and investment committee members.

The 2015 Koda Capital Non-Profit Review

21 May 2015

An exploration of the Australian non-profit sector. Designed as a tool to help non-profit leaders understand the landscape of the sector and compare and contrast their own organisation with industry trends.

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In Inside the Rope, Koda Adviser & Partner David Clark interviews some of the leading minds in wealth management.

How I Did It is a podcast produced by Koda Capital’s Philanthropy & Social Capital team.

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Latest Episodes

Ep 81:

Paul Bassat – Seeking new opportunities

10 Dec 2020 | 50 mins

David speaks with Paul Bassat of Square Peg Capital, a firm that invests in early-stage technology companies across Australia, Israel and South-East Asia, such as Canva, Fiverr & Athena Home Loans. Before starting Square Peg, Paul was a corporate lawyer who went on to achieve well-known success in founding Seek, the marketplace and HR company,...

David speaks with Paul Bassat of Square Peg Capital, a firm that invests in early-stage technology companies across Australia, Israel and South-East Asia, such as Canva, Fiverr & Athena Home Loans. Before starting Square Peg, Paul was a corporate lawyer who went on to achieve well-known success in founding Seek, the marketplace and HR company, a company that now employs more than 1,000 people in Australia and over 10,000 people around the world. Square Peg was launched in 2012 to fill the void in the Australian venture capital space. At the time of launch, there were minimal venture capital funds in Australia, however, there was a growing abundance of impressive entrepreneurs starting influential businesses that needed support. Since then, Square Peg has invested in around 40 companies and has between $1.4 and $1.5bn in funds under management. They are currently in the process of closing their 4th fund.

Ep 80:

Chris Andrews – Returns from disciplined lending

10 Dec 2020 | 33 mins

In this episode, David speaks with Chris Andrews, the Chief Investment Officer at La Trobe Financial. La Trobe Financial manages a book of mortgage-backed loans on behalf of investors aiming to receive returns over those provided by traditional cash alternatives in exchange for an acceptable level of risk. David and Chris discuss La Trobe’s flagship...

In this episode, David speaks with Chris Andrews, the Chief Investment Officer at La Trobe Financial. La Trobe Financial manages a book of mortgage-backed loans on behalf of investors aiming to receive returns over those provided by traditional cash alternatives in exchange for an acceptable level of risk. David and Chris discuss La Trobe’s flagship product the 12-month term account, which as at the 24th of November, offers investors a return of 4.35% p.a. net of all fees. This $3.5bn strategy is comprised of over 6,000 first ranking secured mortgages across Australia with a maximum LVR of 75% and as at the 24th November has an average LVR of 63%. Since its inception in 2002, the strategy has not lost any investor’s capital. As Chief Investment Officer at La Trobe, Chris oversees $12bn of investment opportunities each year, of which La Trobe settles approximately $5.5bn to 6bn whilst maintaining a strict level of discipline.

Ep 79:

John Hempton – Where to from here?

17 Nov 2020 | 62 mins

John comes back onto Inside The Rope to revisit COVID-19 and discuss the things that he believes Bronte Capital miscalculated at the beginning of the pandemic, along with what else they could have done better. He and David also discuss how society measures the risk vs reward benefit of returning to normal activities in light...

John comes back onto Inside The Rope to revisit COVID-19 and discuss the things that he believes Bronte Capital miscalculated at the beginning of the pandemic, along with what else they could have done better. He and David also discuss how society measures the risk vs reward benefit of returning to normal activities in light of COVID-19, along with how that is relevant from the perspective of investing in financial markets. John also highlights some of Bronte’s latest investments, which John places all in the “value bucket”. Over the last decade, John believes that most of the underperformance of value investing can be attributed to rapid changes such as the internet which have swept the world. Finally, John discusses Bronte’s latest position in Tobacco, and whilst not shying away from the potential risks, he highlights the opportunities he believes it presents.

Ep 78:

George Bishay – Bonding over impact investing

17 Nov 2020 | 40:43 mins

David and George discuss how investors can invest ethically in the fixed income space. Impact investing allows investors to not only generate a financial return but also contribute positively to society and/or the environment. In George’s words, impact investing is the way of the future. The Regnan Credit Impact Trust is a strategy which aims...

David and George discuss how investors can invest ethically in the fixed income space. Impact investing allows investors to not only generate a financial return but also contribute positively to society and/or the environment. In George’s words, impact investing is the way of the future. The Regnan Credit Impact Trust is a strategy which aims to deliver returns of 1-3% pa over a rolling 3 year period whilst investing in opportunities that are assessed on both Regnan’s ESG and MSCI sustainability analytics. The strategy has an active tilt towards green (ie climate), social and sustainability bonds — all of which support positive societal and/or environmental outcomes (including the advancement of UN’s Sustainable Development Goals).

Ep 77:

Dr Craig Collie – Diagnosing financial markets

17 Nov 2020 | 38:30 mins

Dr Craig Collie of Regal Funds Management joins David on this episode of Inside the Rope to discuss his career to date, starting as a medical doctor in Australia, New Zealand and the United Kingdom before transitioning into financial services and ultimately his role at Regal. Craig manages a sleeve of Regal’s Market Neutral strategy,...

Dr Craig Collie of Regal Funds Management joins David on this episode of Inside the Rope to discuss his career to date, starting as a medical doctor in Australia, New Zealand and the United Kingdom before transitioning into financial services and ultimately his role at Regal. Craig manages a sleeve of Regal’s Market Neutral strategy, being long-short global healthcare and more recently a sleeve of Regal’s listed investment trust. These sleeves have a diverse universe of global stocks, with holdings in pre-revenue biotech, medical device, hospital, lab provider and health insurance companies. David and Craig also touch on COVID-19 and in particular the process behind developing a vaccine as well as the associated economic outcomes of being successful in doing so.

Ep 76:

Rob Morrison – Investing in healthcare property

17 Nov 2020 | 27:14 mins

In this episode, David chats with Rob Morrison from Barwon Investment Partners to discuss the Barwon Healthcare Property Fund. In seeking to identify areas of the property market that Rob believes are under-researched, Barwon found that the healthcare sector had lower levels of institutional investment despite its fast growth and 10% allocation to Australian GDP....

In this episode, David chats with Rob Morrison from Barwon Investment Partners to discuss the Barwon Healthcare Property Fund. In seeking to identify areas of the property market that Rob believes are under-researched, Barwon found that the healthcare sector had lower levels of institutional investment despite its fast growth and 10% allocation to Australian GDP. As a result, establishing a Healthcare Property Fund has allowed Barwon to provide investors with income returns of over 7% p.a. combined with additional capital growth over 1% p.a since inception in October 2014 to March 2020. Founded in 2006, after Rob’s time at AMP, Barwon concentrates on both property & private equity. Barwon has strategies in Healthcare property, property finance with a focus on first mortgages & global strategies (Listed private equity & listed private debt).

Ep 75:

Paul Heath – Inside The Rope – Three years on

17 Nov 2020 | 35:03 mins

Since launching Inside The Rope three years ago, David has been able to chat with some of the industry leaders in financial services. In this special episode of Inside the Rope, CEO of Koda Capital Paul Heath interviews David to discuss his observations over these three years. David takes time to reflect on many of...

Since launching Inside The Rope three years ago, David has been able to chat with some of the industry leaders in financial services. In this special episode of Inside the Rope, CEO of Koda Capital Paul Heath interviews David to discuss his observations over these three years. David takes time to reflect on many of the episodes that he has conducted, including those with famed investors such as Hamish Douglass, Phil King & John Hempton. Covering their similarities and differences, Paul and David touch on the identifiable traits that appear to allow investors to be successful, along with some of the key takeaways for listeners of the podcast. David and Paul also discuss David’s career to date, beginning as an analyst before becoming a director of Clark Pacific Financial Services and ultimately a Partner at Koda Capital.

Ep 74:

Frank Macindoe – Experience matters

17 Nov 2020 | 40:09 mins

Fellow Koda Partner Frank Macindoe joins David in the latest episode of Inside the Rope to discuss his extensive career in both commercial law and financial advice, as well as the success he has achieved as an avid investor in Australian equities. Within their conversation, Frank gives an overview of the diversified portfolio of Australian...

Fellow Koda Partner Frank Macindoe joins David in the latest episode of Inside the Rope to discuss his extensive career in both commercial law and financial advice, as well as the success he has achieved as an avid investor in Australian equities. Within their conversation, Frank gives an overview of the diversified portfolio of Australian equities that he manages. This portfolio (the Koda Enduring Equities Portfolio, also known as ‘KEEP’) aims to invest in strong businesses with a focus on long term value creation and capital preservation, and has significantly outperformed the index since inception 12 years ago. Frank and David also cover the importance of the term “enduring” and why it is relevant for the holdings within the portfolio. Frank began his career in law and worked as a commercial lawyer for 20 years before eventually following his long-standing passion for investing and shifting to financial advice.

Ep 73:

Lindsay Partridge – Laying the foundations for a successful

17 Nov 2020 | 27:40 mins

In episode #73 of the Inside the Rope podcast Koda Adviser & Partner David Clark speaks with Lindsay Partridge AM, Managing Director at Brickworks Building Products. Brickworks is one of the world’s largest building supply manufacturers, and they have additionally grown to include a Land & Development division that maximises the value of surplus land...

In episode #73 of the Inside the Rope podcast Koda Adviser & Partner David Clark speaks with Lindsay Partridge AM, Managing Director at Brickworks Building Products. Brickworks is one of the world’s largest building supply manufacturers, and they have additionally grown to include a Land & Development division that maximises the value of surplus land created by their building products business. Lindsay outlines the firm’s origin and strategy, and also discusses its large investment in Washington H. Soul Pattinson that seeks to stabilise the returns from the more volatile parts of the Brickworks business. Brickworks is a diversified company that began in 1934 as a brick manufacturer. The firm listed on the ASX in 1961 and now has a market capitalisation of $2.2bn with over 1,400 employees.

Ep 72:

Kerry Series – Profit with purpose

17 Nov 2020 | 44:10 mins

Kerry joins David to discuss impact investing, and his career in financial markets. Throughout the episode, Kerry and David discuss and define what impact investing is, the framework used by the team at Inspire Impact and the key differences to ethical (ESG) investments. Kerry is a Partner at Inspire Impact, a profit for purpose organisation...

Kerry joins David to discuss impact investing, and his career in financial markets. Throughout the episode, Kerry and David discuss and define what impact investing is, the framework used by the team at Inspire Impact and the key differences to ethical (ESG) investments. Kerry is a Partner at Inspire Impact, a profit for purpose organisation that connects capital to social entrepreneurs. Inspire Impact invest in and advise purpose-driven businesses, assisting them to generate meaningful return to investors while preserving their socially and environmentally minded DNA. Kerry has advised or invested in equities since 1992 and his experience includes a number of senior roles. In 1999, he co-founded Perennial Investment Partners, which achieved strong investment performance and reached $20bn in asset under management within 8 years.

Ep 71:

Anthony Millet – Early-stage venture capital

17 Nov 2020 | 29:50 mins

Anthony Millet from Antler joins David to discuss early-stage venture capital. Antler receives 50,000 applications a year to their programs around the world and spends over 200 hours with each team ultimately resulting in Antler investing in over 160+ companies. Over the past year since launch, the fund has delivered investors returns of 34%. Anthony...

Anthony Millet from Antler joins David to discuss early-stage venture capital. Antler receives 50,000 applications a year to their programs around the world and spends over 200 hours with each team ultimately resulting in Antler investing in over 160+ companies. Over the past year since launch, the fund has delivered investors returns of 34%. Anthony and David discuss how Antler discover successful businesses, ideas and entrepreneurs. As well as how they cultivate the ideas and help the founders develop successful businesses from day one. Anthony also discusses his previous ventures such as BrickX, allowing investors to access residential property investments without the barriers which normally preclude them from doing so.

Ep 66:

James McNabb – The COVID effect on credit

17 Nov 2020 | 25:56 mins

Managing a credit portfolio across several asset-backed loans (and previously corporate loans), James and the team at Aquasia’s enhanced credit fund have returned 6.76% p.a. since inception (October 2011). However March saw the fund have its first negative month, as the fear of COVID-19 saw credit spreads widen and valuations shift. As James highlights, this...

Managing a credit portfolio across several asset-backed loans (and previously corporate loans), James and the team at Aquasia’s enhanced credit fund have returned 6.76% p.a. since inception (October 2011). However March saw the fund have its first negative month, as the fear of COVID-19 saw credit spreads widen and valuations shift. As James highlights, this isn’t necessarily a reflection on the assets themselves or an immediate decrease in quality, but more so the price that investors are willing to pay for assets. James and David discuss the differences between the COVID-19 pandemic and the Global Financial Crisis, with James highlighting the structural causes of the GFC against the temporary economic damages caused by COVID-19 and the global government interventions. James also explains the stimulus provided by governments to bridge the gap to an eventual COVID-19 solution, the impact of hardship on property prices and the flow-on effect to other asset prices.

Ep 67:

Cullen Gunn – Investing for impact

17 Nov 2020 | 46:48 mins

Delivering returns whilst providing impact, Cullen joins David to discuss the Kilter Rural impact investments. Since 1993 Cullen has been working in the farmland and water management sector. While holding a strong grounding in active, hands-on land management, at a strategic level Cullen holds experience in the development of priorities for investment at both catchment...

Delivering returns whilst providing impact, Cullen joins David to discuss the Kilter Rural impact investments. Since 1993 Cullen has been working in the farmland and water management sector. While holding a strong grounding in active, hands-on land management, at a strategic level Cullen holds experience in the development of priorities for investment at both catchment and state levels in Victoria. Cullen went on to establish Kilter Rural in 2004 as a vehicle for investment in sustainably managed farmland and water assets. Kilter Rural is a specialist manager, dedicated to investment in Australian real assets of farmland, water and ecosystem services. The economic fundamentals of investing in these assets are underpinned by demand and supply of food and fibre to a growing world population.

Ep 68:

Charlie Jamieson – How negative yields can still provide po

17 Nov 2020 | 39:58 mins

What makes for a quality government bond portfolio, and why should investors be attracted to them? In this episode, Charlie and David discuss the benefits of high-quality government bonds in what Jamieson Coote say can help defend and protect investors portfolios by providing income, liquidity and downside protection in a period of heightened volatility. Jamieson...

What makes for a quality government bond portfolio, and why should investors be attracted to them? In this episode, Charlie and David discuss the benefits of high-quality government bonds in what Jamieson Coote say can help defend and protect investors portfolios by providing income, liquidity and downside protection in a period of heightened volatility. Jamieson Coote Bonds managed approximately $5.25bn in assets before the COVID-19 Crisis whilst delivering returns of 7.64% over the last 12 months to April 2020 in its domestic fund. Referencing August of last year when Swiss government bonds were yielding minus 1.1%, yet the total return of the relevant index year to date at that time was 14.5%, Charlie highlights the potentially ‘eye-watering’ returns that can still present themselves while bond yields are negative.

Ep 69:

Daniel Chersky – Absolute returns from small to mid cap ASX

17 Nov 2020 | 23:20 mins

Delivering returns of 13.38% over the past 6 months (to May 2020), Daniel from Alceon chats with David. Daniel and David discuss the Alceon High Conviction Absolute Return Fund, and dig into how Daniel thinks about running the absolute return focused strategy. The fund, which takes a fundamental, research-driven, high conviction approach in a benchmark...

Delivering returns of 13.38% over the past 6 months (to May 2020), Daniel from Alceon chats with David. Daniel and David discuss the Alceon High Conviction Absolute Return Fund, and dig into how Daniel thinks about running the absolute return focused strategy. The fund, which takes a fundamental, research-driven, high conviction approach in a benchmark unaware fashion, has delivered returns of 13.38% over the past 6 months (to May 2020 and throughout the COVID-19 pandemic). Having run successful positions in NextDC (NXT), Wisr (WZR), Getswift (GSW) & Bingo Industries (BIN), Daniel outlines some of the approaches taken by the team at Alceon that have allowed them to capitalise on identified opportunities. Daniel also highlights the team’s agility and readiness to make tactical changes as necessary — and gives specific examples of each from recent years.

Ep 70:

Adam Murchie – Picking the winners from the losers in prope

17 Nov 2020 | 50:34 mins

Having an IRR of 26.4% across all transactions in property, Adam Murchie joins David on this episode of Inside the Rope. Adam is a specialist in funds management and investment and has worked in the property industry for 20 years. He and David discuss the strategies deployed by the team at Forza as they aim...

Having an IRR of 26.4% across all transactions in property, Adam Murchie joins David on this episode of Inside the Rope. Adam is a specialist in funds management and investment and has worked in the property industry for 20 years. He and David discuss the strategies deployed by the team at Forza as they aim to provide investors with the best property investments possible based on their risk and return appetite. In this episode, Adam and David discuss the impacts of COVID-19 on property as an asset class as well as the future of office dynamics and work from home arrangements. Additionally, with COVID in mind, Adam highlights some of the successes Forza have had in periods of difficulty and explains their preference for ‘messy’ markets where he believes they are able to find good assets that are heavily discounted relative to their risk. Since inception to June 2020, Forza Capital has achieved an IRR on completed transactions of 26.4% net of all costs.

Ep 65:

Phil King – Don’t get too bullish too early

17 Nov 2020 | 23:54 mins

Regal Small Companies fund has returned 18.4% p.a. (as at April 2020) since inception (Feb 2015). As part of the COVID-19 Special Episodes, David chats with Phil King of Regal Funds Management. Late last year when David last spoke with Phil, Phil believed that it was a great time to invest. However, throughout this episode,...

Regal Small Companies fund has returned 18.4% p.a. (as at April 2020) since inception (Feb 2015). As part of the COVID-19 Special Episodes, David chats with Phil King of Regal Funds Management. Late last year when David last spoke with Phil, Phil believed that it was a great time to invest. However, throughout this episode, Phil argues that it’s important investors change their portfolios as the facts change. Investors should constantly ask themselves, “Is my thesis still valid?”, and as we have seen, Covid-19 has largely disrupted everyone’s thesis. Despite the recent bounce in markets, Phil thinks that it will be a while before we see the true bull market return, however, he highlights the opportunities presenting themselves in the small to mid-cap space of Australian equities compared to the traditional high yielding value traps that many Australians have typically favoured. Since inception (Feb 2015) the Regal Small Companies fund has returned 18.4% p.a. (as at April 2020).

Ep 64:

Chris Bedingfield – Is property defensive in a COVID world?

17 Nov 2020 | 31:47 mins

How has COVID-19 affected property? In this episode, Chris and David discuss the impact of COVID-19 on property asset prices. Chris is a portfolio manager for the Quay Global Real Estate Fund. The fund itself has returned 11.7% p.a. since inception in July 2014 till March 2020. Post-March the global REIT market has not recovered...

How has COVID-19 affected property? In this episode, Chris and David discuss the impact of COVID-19 on property asset prices. Chris is a portfolio manager for the Quay Global Real Estate Fund. The fund itself has returned 11.7% p.a. since inception in July 2014 till March 2020. Post-March the global REIT market has not recovered to the same extent as global equities. Chris puts this down to the number of sectors within real estate that are socially driven. This includes Retail, Office/Commercial, Hotels and Hospitality. As these sectors see reduced activity from the impact of COVID-19, we are seeing overall REIT indices weighed down significantly when compared to equities. Chris and David also discuss the dislocation that has risen from the COVID crisis as a result of people working from home, leading businesses to renew their perceptions on such arrangements and the ongoing cost of office workspaces.

Ep 63:

Hamish Douglass – COVID-19, a Black Swan event

17 Nov 2020 | 46:44 mins

Magellan Global has returned 14.78% over 1 year to the 31st of March 2020. In what Hamish calls a classic Black Swan event, he and David discuss the recent impact of the COVID-19 pandemic across global financial markets. Initially presenting as a localized epidemic in China, COVID-19 has evolved into a global pandemic that has...

Magellan Global has returned 14.78% over 1 year to the 31st of March 2020. In what Hamish calls a classic Black Swan event, he and David discuss the recent impact of the COVID-19 pandemic across global financial markets. Initially presenting as a localized epidemic in China, COVID-19 has evolved into a global pandemic that has wreaked havoc on financial markets around the world. Despite there being no modern rule book on how to navigate investments during the pandemic, Magellan’s Global Fund has held relatively strong. Hamish attributes this to a lower-risk portfolio that was built to withstand such unforeseen ‘Black Swan’ events and elaborates on the additional measures that the Magellan team have taken to further protect downside risks. By example, the Magellan Global Fund has increased cash levels from 6% to over 15% during March till now. Hamish remains cautious of events that may unfold over the coming months and discusses the key indicators that he believes are necessary to reduce financial market risks and allow investors to determine the shape of recovery that they can expect.

Ep 60:

Ben McGarry – Going Long In Capital Preservation

17 Nov 2020 | 26:45 mins

The Totus Capital Alpha Fund is up 9% CYTD for 2020, during a period when global equity markets have rerated significantly. Throughout the episode, Ben discusses the opportunities he believes are being created in markets, and the short term trends that have been created by the virus. Similar to our previous guest John Hempton, Ben...

The Totus Capital Alpha Fund is up 9% CYTD for 2020, during a period when global equity markets have rerated significantly. Throughout the episode, Ben discusses the opportunities he believes are being created in markets, and the short term trends that have been created by the virus. Similar to our previous guest John Hempton, Ben argues that this is a virus issue at its core which cannot be solved through central bank intervention. Ben also discusses the ongoing management of Totus’ book, which may contain circa 80 shorts and 40 longs on any given day. As well as his outlook on BNPL (Buy Now Pay Later) platforms, proposed rental concessions and other impacts across the different age demographics. The Totus Alpha fund has been running since 2012, and up to the end of Feb 2020 has returned 17.4% p.a. (net of all fees).

Ep 62:

Martin Rosser – Positive returns through the COVID crisis

17 Nov 2020

Alium Market Neutral returned 7.2% in March. Martin Rosser joins the podcast again to discuss how the Alium Market Neutral Fund has been able to generate positive returns during the COVID-19 pandemic. By identifying early market trends such as growth in the share price of “In-Home” businesses as events transpired in places such as Hong...

Alium Market Neutral returned 7.2% in March. Martin Rosser joins the podcast again to discuss how the Alium Market Neutral Fund has been able to generate positive returns during the COVID-19 pandemic. By identifying early market trends such as growth in the share price of “In-Home” businesses as events transpired in places such as Hong Kong, Martin and the team were able to make sensible investments before COVID-19’s growth accelerated throughout Australia and the rest of the world. The team also shorted areas such as discretionary spending and travel which have provided additional levels of alpha and positive returns. During March 2020, the Alium Market Neutral fund was able to generate estimated returns of 7.2%, and targets returns of 10-15% p.a. throughout the cycle.

Ep 55:

Andrew Mitchell – Keeping a finger on the pulse of small ca

17 Nov 2020 | 34:24 mins

The Ophir Opportunities Fund has returned 26.1% p.a. since inception in August 2012 (net of fees) and their latest Global Opportunities Fund has returned 33.8% p.a. since inception in October 2018 (net of fees). Andrew attributes the success of Ophir’s funds to their commitment of keeping their finger on the pulse, travelling a lot, meeting...

The Ophir Opportunities Fund has returned 26.1% p.a. since inception in August 2012 (net of fees) and their latest Global Opportunities Fund has returned 33.8% p.a. since inception in October 2018 (net of fees). Andrew attributes the success of Ophir’s funds to their commitment of keeping their finger on the pulse, travelling a lot, meeting companies, learning from their mistakes and creating a strong alignment of interests between the team and their funds. In Andrew’s words “I do not own a couch, I don’t own cushions on a couch, I don’t even own a bed. I own sheets, I own pillows, I own cutlery, I own clothes and I own a lot of units in the Ophir funds.”

Ep 56:

Kim Morison – Turning water into gold

17 Nov 2020 | 30:19 mins

Deriving uncorrelated returns to traditional asset classes, as at January 2020 the Argyle Water Fund has returned 19.1% p.a. since inception (2012) by investing in water rights across Australia. Returning to the podcast for a second time, Kim joins David to discuss the fund’s change in banner from Bluesky to Argyle along with other topics...

Deriving uncorrelated returns to traditional asset classes, as at January 2020 the Argyle Water Fund has returned 19.1% p.a. since inception (2012) by investing in water rights across Australia. Returning to the podcast for a second time, Kim joins David to discuss the fund’s change in banner from Bluesky to Argyle along with other topics such as the recent bushfire crisis that has been ongoing across Australia, as well as the impact of different climate conditions on Australia’s water supply. A vast majority of the Fund’s capital is exposed to the river systems of the southern Murray-Darling Basin including the Murray, Goulburn, Murrumbidgee and Lachlan.

Ep 57:

Jeff Emmanuel – Identifying growth opportunities & pick

17 Nov 2020 | 35:45 mins

Investing in growth opportunities that present themselves as emerging winners, Jeff backs the individuals behind what he identifies as a successful business. He is well known as an early backer of both Magellan Financial Group (MFG) and Goodman Group (GMG) and his fund is currently the largest shareholder of Pointsbet (PBH). With the firm belief...

Investing in growth opportunities that present themselves as emerging winners, Jeff backs the individuals behind what he identifies as a successful business. He is well known as an early backer of both Magellan Financial Group (MFG) and Goodman Group (GMG) and his fund is currently the largest shareholder of Pointsbet (PBH). With the firm belief that everything you do in life makes you a better investor, Jeff highlights how the experiences he has gained throughout his career as an accountant and as a top-rated equities analyst who became the Head of Equities at UBS in Sydney has provided him with the foundation upon which he invests. EFM Asset Management is a growth oriented global equities asset manager that specialises in managing listed global equities and has a particular focus on quality growth investments.

Ep 58:

Chris Joye – Coronavirus, property & debt

17 Nov 2020 | 37:18 mins

Chris joins David in this special episode to discuss the Coronavirus, housing markets, private debt and LIC stamping fees. Chris is of the view that the increased market volatility presents opportunities for investors, however they must be cautious. He highlights the implications on financial markets posed by Coronavirus and speculates that whilst the Chinese may...

Chris joins David in this special episode to discuss the Coronavirus, housing markets, private debt and LIC stamping fees. Chris is of the view that the increased market volatility presents opportunities for investors, however they must be cautious. He highlights the implications on financial markets posed by Coronavirus and speculates that whilst the Chinese may surprise with an early vaccine we should conservatively assume that it will be 12+ months away. Given this and current market expectations, Chris believes that the RBA will likely cut the cash rate by 25bp in April and will begin QE in a matter of time… and as it’s almost Un-Australian to discuss cash rates without a mention of property, Chris is expecting Australian property prices to rise anywhere from 20% to 30% throughout the cycle (trough to peak, including the 10%+ we have already seen) but believes that an inflationary cycle could see them rapidly rerate down by up to 40%.

Ep 59:

John Hempton – Central Banks aren’t the answer to Coronavir

17 Nov 2020 | 46:24 mins

In John Hempton’s eyes, what is occurring in financial markets is not an economic problem that can be solved through central bank stimulus. It’s a virus problem, and as a virus problem, it can only be solved through scientific intervention such as vaccines. John believes that the measures taken by central banks may cause more...

In John Hempton’s eyes, what is occurring in financial markets is not an economic problem that can be solved through central bank stimulus. It’s a virus problem, and as a virus problem, it can only be solved through scientific intervention such as vaccines. John believes that the measures taken by central banks may cause more harm than good and that over the next 4 weeks we will see COVID-19 tip its hand to show us the full extent of its impact. In this special episode of Inside the Rope, David joins John Hempton of Bronte Capital to discuss both the health and economic implications that Coronavirus may have on the world and financial markets. Bronte was one of a few global equity managers to profit in February through the addition of downside market protection, in a time when volatility was priced at less than a quarter of what it is now trading at. However, aside from the health implications and recent volatility in financial markets, John doesn’t think it changes much for investors that are sensibly invested. His recommendation to such investors, sit it out.

Ep 61:

Adrian Redlich – Double digit returns from asset backed deb

17 Nov 2020 | 39:11 mins

Adrian runs the Merricks Capital Partners Fund, a fund that provides senior asset secured debt to real estate, agriculture & occasionally infrastructure. The fund has provided investors with consistent returns of 12% p.a. net of fees (as at Feb 2020) with relatively low levels of volatility and an overall loan to value ratio of less...

Adrian runs the Merricks Capital Partners Fund, a fund that provides senior asset secured debt to real estate, agriculture & occasionally infrastructure. The fund has provided investors with consistent returns of 12% p.a. net of fees (as at Feb 2020) with relatively low levels of volatility and an overall loan to value ratio of less than 60%. Throughout the episode, Adrian discusses the impact of COVID-19 including the fund’s recent performance and uplift throughout March, which was amplified by the fund’s hedge in credit default swaps. These swaps which were incorporated at a relatively low cost, have provided investors with downside protection against both economic meltdowns & liquidity crises. Adrian believes that these swaps will continue to provide protection should financial markets further deteriorate.

Ep 54:

Roger Lloyd – Identifying opportunities in infrastructure

17 Nov 2020 | 29:59 mins

Targeting what Roger refers to as 7/11 (7% income and 4% growth), Palisade’s Diversified Infrastructure Fund has returned 10.2% p.a. over the last 10 years (as at 30 June 2019). Roger defines infrastructure as a defensive asset that is essential for the community, and in this episode, Roger and I discuss how Palisade are finding...

Targeting what Roger refers to as 7/11 (7% income and 4% growth), Palisade’s Diversified Infrastructure Fund has returned 10.2% p.a. over the last 10 years (as at 30 June 2019). Roger defines infrastructure as a defensive asset that is essential for the community, and in this episode, Roger and I discuss how Palisade are finding such assets across Australia. Roger also takes the time to highlight the importance of such assets to Australia and consequently why he believes infrastructure is a defensive asset class. Palisade which began under the Perpetual banner is the owner of assets such as the Sunshine Coast Airport, the fastest growing airport in Australia and specializes in defensive infrastructure assets.

Ep 53:

Tim Carleton – Finding value in large-cap global equities

17 Nov 2020 | 37:50 mins

Tim Carleton from Auscap joins the podcast for a second time to discuss his new Global Equities Fund as well as the recent performance of the Long Short Australian Equities Fund. Currently invested in names such as Capri, Google (Alphabet), Microsoft and Visa, the new Auscap Global Equities Fund is an absolute return focused fund...

Tim Carleton from Auscap joins the podcast for a second time to discuss his new Global Equities Fund as well as the recent performance of the Long Short Australian Equities Fund. Currently invested in names such as Capri, Google (Alphabet), Microsoft and Visa, the new Auscap Global Equities Fund is an absolute return focused fund that targets high-quality value stocks. Tim highlights that the fund has a bias towards both developed markets and well known large-cap stocks with firm levels of governance. The fund which also has the ability to short similar to the Australian Equities Fund targets 10-15% annualised return opportunities for each company that it invests in. Tim also touches on both the recent performance and opportunities in the Long Short Australian Equities Fund. Following a difficult year in 2018 and a recovery for the fund in 2019, Tim is bullish on the outlook of the Australian economy, with indicators such as unemployment rates, terms of trade surplusses and high commodity prices supporting his view.

Ep 52:

Gerald Stack – A train set for Christmas

17 Nov 2020 | 45:22 mins

Sometimes presents that may be perceived as “boring” can eventuate into the most exciting gifts that you have received. The Magellan Infrastructure Fund invests in listed assets with exposure to sectors such as toll roads, airports, rail and utilities. Gerald describes these assets as highly reliable, predictable and boring. However, Gerald and I discuss how...

Sometimes presents that may be perceived as “boring” can eventuate into the most exciting gifts that you have received. The Magellan Infrastructure Fund invests in listed assets with exposure to sectors such as toll roads, airports, rail and utilities. Gerald describes these assets as highly reliable, predictable and boring. However, Gerald and I discuss how investing in such assets has allowed the fund to return 20% during the last 12 months and generate returns of over 14% p.a. during the last 10 years (as of November 2019). Gerald mentions that the fund is not designed for individuals to get rich quick, but rather to generate wealth with a high degree of confidence. The fund targets long term returns of inflation + 5%, with low downside capture. The Magellan Infrastructure Fund manages around $8.5bn and is invested in listed infrastructure assets around the world.

Ep 51:

Kee Gan – Brexit creates opportunities in UK property

17 Nov 2020 | 26:39 mins

Kee explains how property assets with yields of 7-9% are being found across the UK as Brexit fears have reduced competition for certain assets. Kee also covers the UK election and what it means for their property market. L1 UK Residential Property Funds focus on assets with purchase prices of £3-10m a bracket that is...

Kee explains how property assets with yields of 7-9% are being found across the UK as Brexit fears have reduced competition for certain assets. Kee also covers the UK election and what it means for their property market. L1 UK Residential Property Funds focus on assets with purchase prices of £3-10m a bracket that is separate to that of large institutions who typically target assets of greater value. The fund invests in tier one cities outside of London and South-East England where valuations are only now reaching the same levels as ’07. Competition in the UK is further reduced as banks are limited in their ability to invest in similar assets, in part due to the EU Mortgage Market Review. Kee mentions that tighter lending controls have meant that 68% of individuals in the UK that are renting don’t own a home because they can’t afford the deposit.

Ep 50:

Rhett Kessler – The emperor has no clothes

17 Nov 2020 | 29:58 mins

Are the big Australian banks value traps? As the disparity in valuations between value and growth stocks widen, Rhett and I discuss why. The impact of technological disruption has seen several growth stock multiples stretch well beyond traditional valuation methods, and Rhett believes that there are more rational returns to be found in less favoured...

Are the big Australian banks value traps? As the disparity in valuations between value and growth stocks widen, Rhett and I discuss why. The impact of technological disruption has seen several growth stock multiples stretch well beyond traditional valuation methods, and Rhett believes that there are more rational returns to be found in less favoured companies such as Telstra and Viva Energy. The Pengana Australian Equities Fund is an absolute return focused fund that aims to deliver returns of 6% greater than the risk-free rate throughout the cycle. Since inception in June 2008, the fund has returned 10.23% p.a. as at October 2019.

Ep 49:

Andrew Lockhart – Credit opportunity

17 Nov 2020 | 35:47 mins

Equity like returns with debt like risk; Metrics Managing Partner Andrew Lockhart discusses the opportunity created by traditional lenders leaving the Australian market due to increasing levels of regulation. The Metrics Credit Partners Fund offers investors direct exposure to Australia’s bank-dominated mid-market corporate loan market by investing in loans to private corporates, private-equity sponsored, real...

Equity like returns with debt like risk; Metrics Managing Partner Andrew Lockhart discusses the opportunity created by traditional lenders leaving the Australian market due to increasing levels of regulation. The Metrics Credit Partners Fund offers investors direct exposure to Australia’s bank-dominated mid-market corporate loan market by investing in loans to private corporates, private-equity sponsored, real estate and structured finance borrowers.

Ep 48:

Phil King – A great time to invest

17 Nov 2020 | 30:41 mins

With the Regal small-cap fund up over 70% CYTD (as at 30 Sept 2019), Phil and I talk the good, the bad & the ugly of financial markets. Phil remains optimistic that there is plenty of growth left in the market, and in this episode he steps through his rationale underpinning this view.

With the Regal small-cap fund up over 70% CYTD (as at 30 Sept 2019), Phil and I talk the good, the bad & the ugly of financial markets. Phil remains optimistic that there is plenty of growth left in the market, and in this episode he steps through his rationale underpinning this view.

Ep 47:

Martin Rosser – Investing through the cycle

17 Nov 2020 | 32:46 mins

Investing through the cycle and targeting 10-15% returns net of fees is Alium’s focus, and in this episode Martin explains how Alium is able to accomplish this. The Alium Market Neutral strategy is an alternate strategy that utilizes both long and short positions globally with a thematic based approach. Martin describes how his strategy operates...

Investing through the cycle and targeting 10-15% returns net of fees is Alium’s focus, and in this episode Martin explains how Alium is able to accomplish this. The Alium Market Neutral strategy is an alternate strategy that utilizes both long and short positions globally with a thematic based approach. Martin describes how his strategy operates differently to traditional market-neutral strategies that utilise a sector-based approach. From inception in May 2017 through August 2019, the fund has not produced a negative year.

Ep 45:

Ben Cleary – Tribecca Global Natural Resources

17 Nov 2020 | 41:11 mins

In what has proven to be a difficult period for Tribeca, Ben and I discuss the reasons for the fund’s underperformance and how Tribeca is positioned to perform going forward. Ben has worked in the natural resource sector for over 15 years and founded Tribeca Global Natural Resources in 2015.

In what has proven to be a difficult period for Tribeca, Ben and I discuss the reasons for the fund’s underperformance and how Tribeca is positioned to perform going forward. Ben has worked in the natural resource sector for over 15 years and founded Tribeca Global Natural Resources in 2015.

Ep 46:

Will Douglas – Koda Israel Tour

17 Nov 2020 | 31:09 mins

Recently I toured Israel with Koda Partner Will Douglas and Ibex Investors to gain insights into the Ibex Israel investment fund. On the four day tour we visited a range of investee companies and spent time with economists, industry representatives, start-up incubators, academics and other investors in the fund. In this episode, we discuss the...

Recently I toured Israel with Koda Partner Will Douglas and Ibex Investors to gain insights into the Ibex Israel investment fund. On the four day tour we visited a range of investee companies and spent time with economists, industry representatives, start-up incubators, academics and other investors in the fund. In this episode, we discuss the Israel tour and the opportunities that Israel presents for investors. Will is an Adviser & Partner based in the Koda Brisbane office.

Ep 44:

David Kirk – The Polymath

17 Nov 2020 | 43:16 mins

Rugby World Cup winning captain and captain of industry David Kirk discusses Bailador, his ASX listed technology investment company.

Rugby World Cup winning captain and captain of industry David Kirk discusses Bailador, his ASX listed technology investment company.

Ep 43:

Stephen Bailey-Smith – Frontier Debt

17 Nov 2020 | 31:36 mins

Lending money to countries such as Zimbabwe requires skill, knowledge, and experience. Stephen discusses how Global Evolution has become a global leader in managing frontier debt with over $9 billion of investors’ money. The frontier market strategy has produced an annualised return of 8.6% since its inception in 2010. The fund identifies opportunistic early-stage macroeconomic...

Lending money to countries such as Zimbabwe requires skill, knowledge, and experience. Stephen discusses how Global Evolution has become a global leader in managing frontier debt with over $9 billion of investors’ money. The frontier market strategy has produced an annualised return of 8.6% since its inception in 2010. The fund identifies opportunistic early-stage macroeconomic and political developments.

Ep 42:

Nelson Yuan – Opportunistic Credit

17 Nov 2020 | 26:18 mins

Equity-like returns with debt like risk. Nelson Yuan of PIMCO discusses how they use their global footprint to find attractive opportunities in credit.

Equity-like returns with debt like risk. Nelson Yuan of PIMCO discusses how they use their global footprint to find attractive opportunities in credit.

Ep 2:

Hamish Douglass

17 Nov 2020 | 33:57 mins

International and Technology investment with Hamish Douglass Hamish Douglass is Co-Founder, Chief Executive Officer and Chief Investment Officer of Magellan Financial Group, and Lead Portfolio Manager of Magellan’s Global Equity strategies. Hamish is a former member of the Australian Government’s Financial Literacy Board, the Australian Government’s Takeovers Panel, the Australian Government’s Foreign Investment Review Board...

International and Technology investment with Hamish Douglass Hamish Douglass is Co-Founder, Chief Executive Officer and Chief Investment Officer of Magellan Financial Group, and Lead Portfolio Manager of Magellan’s Global Equity strategies. Hamish is a former member of the Australian Government’s Financial Literacy Board, the Australian Government’s Takeovers Panel, the Australian Government’s Foreign Investment Review Board and the Forum of Young Global Leaders – World Economic Forum.

Ep 3:

Justin Borus- Investing in Israel

17 Nov 2020 | 28:14 mins

We discuss the opportunity to invest in high growth companies in Isreal with the Founder and Chief Investment Officer of Ibex Investors.

We discuss the opportunity to invest in high growth companies in Isreal with the Founder and Chief Investment Officer of Ibex Investors.

Ep 1:

Rhett Kessler

17 Nov 2020 | 27:58 mins

Investment Fundamentals with Rhett Kessler Rhett Kessler manages the Pengana Australian Equities Fund of $1.2 billion that has returned to clients greater than 11% p.a. net since inception. In this episode, Rhett takes us through the process and the way he thinks when he approaches investment.

Investment Fundamentals with Rhett Kessler Rhett Kessler manages the Pengana Australian Equities Fund of $1.2 billion that has returned to clients greater than 11% p.a. net since inception. In this episode, Rhett takes us through the process and the way he thinks when he approaches investment.

Ep 4:

Tiffany Jones

17 Nov 2020 | 30:47 mins

Managing significant wealth over multiple generations raises many significant challenges. These issues are discussed with Tiffiany who is a thought leader in the Family Leadership space. Tiffany brings a great skill set and expiernce to help families get ‘back around the kitchen table”.

Managing significant wealth over multiple generations raises many significant challenges. These issues are discussed with Tiffiany who is a thought leader in the Family Leadership space. Tiffany brings a great skill set and expiernce to help families get ‘back around the kitchen table”.

Ep 5:

Cathie Wood-Investing in Disruption

17 Nov 2020 | 33:57 mins

Catherine D Wood is the CEO and CIO of Ark invest a New York-based investment manager focussed on disruptive innovation. In this episode, we cover Bitcoin, Driverless cars and other disruptive technologies that may shape our investment future. https://ark-invest.com/ark-team

Catherine D Wood is the CEO and CIO of Ark invest a New York-based investment manager focussed on disruptive innovation. In this episode, we cover Bitcoin, Driverless cars and other disruptive technologies that may shape our investment future. https://ark-invest.com/ark-team

Ep 6:

James McNab – Fixed Interest and Credit

17 Nov 2020 | 26:52 mins

James McNab is the Manager of Acquasia fixed interest funds. Aquasia manages wholesale funds and syndicates, investing in a range of credit and fixed-income assets. http://www.aquasia.com.au/james-mcnabb

James McNab is the Manager of Acquasia fixed interest funds. Aquasia manages wholesale funds and syndicates, investing in a range of credit and fixed-income assets. http://www.aquasia.com.au/james-mcnabb

Ep 7:

How to get to 100 in great shape.

17 Nov 2020 | 26:00 mins

Dr John Cummins (https://goo.gl/u8ikNw) is a specialist physician who started a practice devoted to preventative medicine. In this episode, Dr John talks about how you can manage your health and lifestyle to live to 100.

Dr John Cummins (https://goo.gl/u8ikNw) is a specialist physician who started a practice devoted to preventative medicine. In this episode, Dr John talks about how you can manage your health and lifestyle to live to 100.

Ep 8:

House Prices and Interest Rates with Brett Gillespie

17 Nov 2020 | 29:42 mins

Episode 8: House Prices and Interest rates with Brett Gillespie Brett talks about his view on the outlook for house prices and interest rates and what will drive them. I reached out to Brett to arrange the interview after reading his article Burning down the House (https://ellerstoncapital.com/burning-house-latest-thought-piece-brett-gillespie)

Episode 8: House Prices and Interest rates with Brett Gillespie Brett talks about his view on the outlook for house prices and interest rates and what will drive them. I reached out to Brett to arrange the interview after reading his article Burning down the House (https://ellerstoncapital.com/burning-house-latest-thought-piece-brett-gillespie)

Ep 9:

Tim Carleton Auscap Asset Management

17 Nov 2020 | 29:01 mins

Tim is a founder and Portfolio Manager with Auscap Asset Management an asset manager with an annualised return of more than 20%. We discuss a wide range of topics including investment fundamentals, Bitcoin, China and how shorting companies can enhance returns with Tim.

Tim is a founder and Portfolio Manager with Auscap Asset Management an asset manager with an annualised return of more than 20%. We discuss a wide range of topics including investment fundamentals, Bitcoin, China and how shorting companies can enhance returns with Tim.

Ep 10:

Ben McGarry- Totus Capital Absolute Return Investing

17 Nov 2020 | 30:35 mins

We explore the way Ben invests, along with a number of themes that have led Totus to return greater than 21% p.a. since setting up the fund in 2012

We explore the way Ben invests, along with a number of themes that have led Totus to return greater than 21% p.a. since setting up the fund in 2012

Ep 11:

Alan Sheen- Algorithmic Investing

17 Nov 2020 | 34.25 mins

As the co-founder of Dalton Street Capital Alan invests clients money using algorithm that exploits behaviours in the market to generate returns for investors. Since inception Dalton Street Capital has returned 19.9% p.a.

As the co-founder of Dalton Street Capital Alan invests clients money using algorithm that exploits behaviours in the market to generate returns for investors. Since inception Dalton Street Capital has returned 19.9% p.a.

Ep 12:

Andrew Clifford Platinum Asset Managment

17 Nov 2020 | 42:28 mins

The recently announced CEO and CIO of the $27 billion manager talks about managing money for the past 23 years and how peoples behaviour creates opportunities to profit. Andrew also gives his views on the international investment landscape including China, the USA and Europe.

The recently announced CEO and CIO of the $27 billion manager talks about managing money for the past 23 years and how peoples behaviour creates opportunities to profit. Andrew also gives his views on the international investment landscape including China, the USA and Europe.

Ep 13:

Ben Hirsch-McShane – Driverless Cars

17 Nov 2020 | 27:41 mins

We talk with Ibex analyst Ben Hirsch-McShane about the future of transportation and the economic opportunities presented by the adoption of driverless vehicles

We talk with Ibex analyst Ben Hirsch-McShane about the future of transportation and the economic opportunities presented by the adoption of driverless vehicles

Ep 14:

Chris Cuesta – US Micro Caps

17 Nov 2020 | 21:27 mins

Chris discusses the opportunities that are presented by investing in US microcaps a strategy that has produced 15.3% p.a return since inception in 2014. We touch on the benefit being provided to US smaller companies by the Trump administration’s lower taxes and deregulation.

Chris discusses the opportunities that are presented by investing in US microcaps a strategy that has produced 15.3% p.a return since inception in 2014. We touch on the benefit being provided to US smaller companies by the Trump administration’s lower taxes and deregulation.

Ep 15:

Mitch Taylor – Private Debt

17 Nov 2020 | 32:40 mins

We discuss investing in the private debt provided to medium sized business and how the big banks exiting this market has created an opportunity for investors provided they get their credit analysis right and of course have a good loan agreement. The strategy is expected to produce more than 12% income p.a.

We discuss investing in the private debt provided to medium sized business and how the big banks exiting this market has created an opportunity for investors provided they get their credit analysis right and of course have a good loan agreement. The strategy is expected to produce more than 12% income p.a.

Ep 16:

Robert Bartlett – UK Residential Property

17 Nov 2020 | 30:15 mins

We talk to Robert about the current opportunity to earn double digit returns by investing in UK residential Property.

We talk to Robert about the current opportunity to earn double digit returns by investing in UK residential Property.

Ep 17:

Michael Traill – Impact Investing

17 Nov 2020 | 28:08 mins

As a world leader in Impact Investing, Michael talks to us about the growing trend of investing for the dual purpose of profit and social benefit.

As a world leader in Impact Investing, Michael talks to us about the growing trend of investing for the dual purpose of profit and social benefit.

Ep 18:

Dan Greenhaus – Opportunities in Distressed Companies

17 Nov 2020 | 24:41 mins

We discuss with Dan How Solus invests in event driven, and special situations to create a strategy that has provided an annual return of 12.71% over the last 5 years with low volatility and low correlation to traditional asset classes such as shares.

We discuss with Dan How Solus invests in event driven, and special situations to create a strategy that has provided an annual return of 12.71% over the last 5 years with low volatility and low correlation to traditional asset classes such as shares.

Ep 19:

Cathie Wood – Disruptive Technologies

17 Nov 2020 | 27:46 mins

Following our previous Podcast with the very impressive leader of Ark Invest, we discuss the opportunities being presented by 3D printing and the genomic revolution amongst other disruptive technologies changing the world.

Following our previous Podcast with the very impressive leader of Ark Invest, we discuss the opportunities being presented by 3D printing and the genomic revolution amongst other disruptive technologies changing the world.

Ep 20:

Nelson Seo – Insurance Linked Bonds

17 Nov 2020 | 26:51 mins

As a founder of the impressive Fermat Capital Management, Nelson discusses how they invest in non traditional fixed income such as Insurance Linked Bonds to create a risk premium greater than similar non-correlated assets.

As a founder of the impressive Fermat Capital Management, Nelson discusses how they invest in non traditional fixed income such as Insurance Linked Bonds to create a risk premium greater than similar non-correlated assets.

Ep 21:

Paul Heath – Liquidity Events

17 Nov 2020 | 29:21 mins

Liquidity events are a major fork in the road. Paul Heath draws on his experience as CEO of Koda and previously JB Were to discuss the do’s and don’ts of managing liquidity events.

Liquidity events are a major fork in the road. Paul Heath draws on his experience as CEO of Koda and previously JB Were to discuss the do’s and don’ts of managing liquidity events.

Ep 22:

David Witkin – Merger Abitrage

17 Nov 2020 | 28:02 mins

We talk to David about investing in companies where Mergers and Acquisitions are announced and how the strategy can produce good returns that are uncorrelated to traditional assets.

We talk to David about investing in companies where Mergers and Acquisitions are announced and how the strategy can produce good returns that are uncorrelated to traditional assets.

Ep 23:

Ilan Israelstam – ETF’s

17 Nov 2020 | 26:49 mins

The growth of Exchange Traded Funds over the last 10 years post the GFC has been phenomenal. Ilan takes us through a crash course in ETF’s and explains why they have become so popular.

The growth of Exchange Traded Funds over the last 10 years post the GFC has been phenomenal. Ilan takes us through a crash course in ETF’s and explains why they have become so popular.

Ep 24:

Craig Evans

17 Nov 2020 | 42:36 mins

Investing in commodities can often be a roller coaster for investors and subject to extreme volatility. In this episode I speak with Craig Evans a Portfolio Manager at the Tribeca Global Natural Resources fund that seeks to return 15-20%p.a to investors through investing in natural resources.

Investing in commodities can often be a roller coaster for investors and subject to extreme volatility. In this episode I speak with Craig Evans a Portfolio Manager at the Tribeca Global Natural Resources fund that seeks to return 15-20%p.a to investors through investing in natural resources.

Ep 25:

John Hempton – Hunting Fraud

17 Nov 2020 | 34:08 mins

Legendary Short Seller John Hemtpon talks about how to find great long term investments and how he profits from fraudsters.

Legendary Short Seller John Hemtpon talks about how to find great long term investments and how he profits from fraudsters.

Ep 27:

Phil King – Absolute Return Investing

17 Nov 2020 | 24:43 mins

Phil King has been described by the AFR as “one of Australia’s most Astute Investors”. We talk to Phil about his absolute return process and how he has been able to provide great returns to investors through investing in Australian and Asian Companies.

Phil King has been described by the AFR as “one of Australia’s most Astute Investors”. We talk to Phil about his absolute return process and how he has been able to provide great returns to investors through investing in Australian and Asian Companies.

Ep 28:

Justin Borus – Investing in Israel (Part 2)

17 Nov 2020 | 16:22 mins

We follow up our conversation with Justin from September 2017 and get an update on the outlook for investing in listed and unlisted companies in Israel.

We follow up our conversation with Justin from September 2017 and get an update on the outlook for investing in listed and unlisted companies in Israel.

Ep 30:

Christopher Joye – The Investment Outlook

17 Nov 2020 | 25:20 mins

Christopher has advised key policy makers in Australia and the US on economic management. In this episode we discuss investing in enhanced cash along with his views on the investment outlook. Christopher is the founder of Coolabah Capital and is also a Contributing Editor to the Australian Financial Review.

Christopher has advised key policy makers in Australia and the US on economic management. In this episode we discuss investing in enhanced cash along with his views on the investment outlook. Christopher is the founder of Coolabah Capital and is also a Contributing Editor to the Australian Financial Review.

Ep 29:

Trevor Folsom – Technology Start Ups

17 Nov 2020 | 34:17 mins

Trevor Folsom retired at age 39 after he and his partner sold their business for more than $100m. Retirement lasted 3 months as Trevor headed back to what he loves doing: helping startups grow.

Trevor Folsom retired at age 39 after he and his partner sold their business for more than $100m. Retirement lasted 3 months as Trevor headed back to what he loves doing: helping startups grow.

Ep 31:

Kim Morrison – Investing in Water Rights

17 Nov 2020 | 37:27 mins

Kim Morrison joins us to discuss investing in agriculture and specifically water rights, a strategy that has been very successful for Kim over the last 10 years.

Kim Morrison joins us to discuss investing in agriculture and specifically water rights, a strategy that has been very successful for Kim over the last 10 years.

Ep 32:

Rhett Kessler – Australian Equities One Year Later

17 Nov 2020 | 27:04 mins

Rhett Kessler is one of my favourite investors. We speak with Rhett about his views on the current equity market and outlook, along with his recent investment in CSL and the recycling company BIngo.

Rhett Kessler is one of my favourite investors. We speak with Rhett about his views on the current equity market and outlook, along with his recent investment in CSL and the recycling company BIngo.

Ep 33:

Adrian Redlich – Private Debt

17 Nov 2020 | 33:08 mins

Adrian joins us to discuss the opportunity to make double digit returns by lending to property developers.

Adrian joins us to discuss the opportunity to make double digit returns by lending to property developers.

Ep 34:

Michael Heine – Family Entrepreneurship

17 Nov 2020 | 41:53 mins

I speak with Michael Heine about his family’s long entrepreneurial track record from escaping Nazi Germany to successfully listing Netwealth in 2017. We cover topics such as selecting an adviser, intergenerational wealth and being an entrepreneur.

I speak with Michael Heine about his family’s long entrepreneurial track record from escaping Nazi Germany to successfully listing Netwealth in 2017. We cover topics such as selecting an adviser, intergenerational wealth and being an entrepreneur.

Ep 35:

Chelsea Pottenger – Mindfulness

17 Nov 2020 | 38:57 mins

With a PHD in Neuroscience & Psychology, Chelsea is a well known keynote speaker on Mindfulness. We discuss Mindfulness and the complexities that increasing wealth brings to happiness.

With a PHD in Neuroscience & Psychology, Chelsea is a well known keynote speaker on Mindfulness. We discuss Mindfulness and the complexities that increasing wealth brings to happiness.

Ep 36:

Robert Cagnati – Private Equity

17 Nov 2020 | 32:15 mins

Robert is the Global Co-Head of Portfolio Management for Partners Group, one of the largest investors in Private Equity with more than $80bn under management and over 1,000 employees in 19 countries around the world. We discuss the Global Value Fund they management, the Private Equity Market along with their process for evaluating investments.

Robert is the Global Co-Head of Portfolio Management for Partners Group, one of the largest investors in Private Equity with more than $80bn under management and over 1,000 employees in 19 countries around the world. We discuss the Global Value Fund they management, the Private Equity Market along with their process for evaluating investments.

Ep 37:

Chris Bedingfield – Global Real Estate

17 Nov 2020 | 28:42 mins

Chris is a Principal and Portfolio Manager for Quay Global Investors, a fund that invests in real estate. We discuss the characteristics of the asset class along with his outlook.

Chris is a Principal and Portfolio Manager for Quay Global Investors, a fund that invests in real estate. We discuss the characteristics of the asset class along with his outlook.

Ep 38:

Haydn Smith – Natural Resources Debt

17 Nov 2020 | 36:01 mins

Haydn Smith is a Portfolio Manager at Tribeca Investment Partners and runs Tribeca’s Global Natural Resources Credit Fund. Haydn joins us to talk about the double-digit returns the fund is earning by lending to mining companies. Prior to Tribeca, Haydn was formerly the Global Head of Macquarie Bank’s Mining Finance Group.

Haydn Smith is a Portfolio Manager at Tribeca Investment Partners and runs Tribeca’s Global Natural Resources Credit Fund. Haydn joins us to talk about the double-digit returns the fund is earning by lending to mining companies. Prior to Tribeca, Haydn was formerly the Global Head of Macquarie Bank’s Mining Finance Group.

Ep 39:

Mattias Westman – Russian Equities

17 Nov 2020 | 37:00 mins

In this episode we speak with Mattias Westman, Founding Partner at Prosperity Capital Management. In particular we discuss Prosperity’s investment strategy, which focuses on public companies in Russia and the former USSR and which has led the fund to produce a compound annual growth rate of 25% p.a. since its launch in 1999. The firm...

In this episode we speak with Mattias Westman, Founding Partner at Prosperity Capital Management. In particular we discuss Prosperity’s investment strategy, which focuses on public companies in Russia and the former USSR and which has led the fund to produce a compound annual growth rate of 25% p.a. since its launch in 1999. The firm manages US $3 billion on behalf of institutional grade investors such as sovereign wealth funds, pension funds and family offices.

Ep 40:

Tony Waters – Australian Equities

17 Nov 2020 | 37:09 mins

In this episode we chat to Tony Waters of QVG and discuss fast-growing small Australian companies such as AfterPay. As a founder and Portfolio Manager of the QVG Opportunities Fund, Tony manages money for sophisticated clients and institutions. The fund returned 9.3% in FY19 and has grown by 55% since its inception in June 2017.

In this episode we chat to Tony Waters of QVG and discuss fast-growing small Australian companies such as AfterPay. As a founder and Portfolio Manager of the QVG Opportunities Fund, Tony manages money for sophisticated clients and institutions. The fund returned 9.3% in FY19 and has grown by 55% since its inception in June 2017.

Ep 41:

Hamish Douglass – Global Equities

17 Nov 2020 | 47:27 mins

Magellan has produced a return of 20% for FY19 and 16% p.a. for the last 10 years. We discuss a wide range of subjects including why the interest rate outlook is important for investors, the US/China trade tensions, Facebook’s new cryptocurrency “Libra” and what investors should be focusing on.

Magellan has produced a return of 20% for FY19 and 16% p.a. for the last 10 years. We discuss a wide range of subjects including why the interest rate outlook is important for investors, the US/China trade tensions, Facebook’s new cryptocurrency “Libra” and what investors should be focusing on.

Ep 79:

John Hempton – Where to from here?

17 Nov 2020 | 1:02:24 mins

John comes back onto Inside The Rope to revisit COVID-19 and discuss the things that he believes Bronte Capital miscalculated at the beginning of the pandemic, along with what else they could have done better. He and David also discuss how society measures the risk vs reward benefit of returning to normal activities in light...

John comes back onto Inside The Rope to revisit COVID-19 and discuss the things that he believes Bronte Capital miscalculated at the beginning of the pandemic, along with what else they could have done better. He and David also discuss how society measures the risk vs reward benefit of returning to normal activities in light of COVID-19, along with how that is relevant from the perspective of investing in financial markets. John also highlights some of Bronte’s latest investments, which John places all in the “value bucket”. Over the last decade, John believes that most of the underperformance of value investing can be attributed to rapid changes such as the internet which have swept the world. Finally, John discusses Bronte’s latest position in Tobacco, and whilst not shying away from the potential risks, he highlights the opportunities he believes it presents.

Latest Episodes

Ep 17:

Paul Heath

17 Nov 2020 | 38:52 mins

Paul is Koda’s founding CEO and an experienced charity investment committee member. He talks about how to invest successfully, with long-term, non-profit investors in mind. Drawing on first-hand experience, Paul offers advice on operating a non-profit investment committee and how individual committee members can make sure their contributions count. Paul also talks about how he...

Paul is Koda’s founding CEO and an experienced charity investment committee member. He talks about how to invest successfully, with long-term, non-profit investors in mind. Drawing on first-hand experience, Paul offers advice on operating a non-profit investment committee and how individual committee members can make sure their contributions count. Paul also talks about how he founded Koda as an independent portfolio management business and the importance of culture within the firm. This episode was recorded on 28 February, 2020, less than two weeks before COVID-19 was officially declared a global pandemic.

Ep 16:

Lindsay Cane

17 Nov 2020 | 43:54 mins

Lindsay is a dynamic CEO running a dynamic organisation called Royal Far West, from its base just a surfboard-length away from Sydney’s famous Manly Beach. The 2019 Australian Third Sector CEO of the Year talks about her leadership style and lessons she has learnt in a career that also saw her lead Australia back to...

Lindsay is a dynamic CEO running a dynamic organisation called Royal Far West, from its base just a surfboard-length away from Sydney’s famous Manly Beach. The 2019 Australian Third Sector CEO of the Year talks about her leadership style and lessons she has learnt in a career that also saw her lead Australia back to world champion status while CEO of Netball Australia.

Ep 15:

Violet Roumeliotis

17 Nov 2020 | 39:55 mins

For her work as the CEO of refugee-focused Settlement Services International, Violet was named 2017 Telstra Businesswoman of the Year. In this episode she touches on themes like compassion, understanding, community and resilience, as well as the value of adopting a positive mindset.

For her work as the CEO of refugee-focused Settlement Services International, Violet was named 2017 Telstra Businesswoman of the Year. In this episode she touches on themes like compassion, understanding, community and resilience, as well as the value of adopting a positive mindset.

Ep 14:

Cara Peek

17 Nov 2020 | 30:42 mins

Cara is a Yawuru/Bunuba woman and Chair of Broome-based Nyambu Baru Yawuru. In this episode she talks about her work as a Native Title lawyer, social innovator and entrepreneur, and many things in-between, including her cultural experiences and what she learnt during her time with the Apache people of North America.

Cara is a Yawuru/Bunuba woman and Chair of Broome-based Nyambu Baru Yawuru. In this episode she talks about her work as a Native Title lawyer, social innovator and entrepreneur, and many things in-between, including her cultural experiences and what she learnt during her time with the Apache people of North America.

Ep 1:

Christopher G Oechsli

17 Nov 2020 | 32:14 mins

Episode 1: Christopher G Oechsli What does it take to lead one of the world’s foremost philanthropic foundations? Humility, clarity and a commitment to justice and equity. These are some of the ideas discussed with Chris Oechsli, President & CEO of The Atlantic Philanthropies, the limited-life foundation set up and funded by Chuck Feeney.

Episode 1: Christopher G Oechsli What does it take to lead one of the world’s foremost philanthropic foundations? Humility, clarity and a commitment to justice and equity. These are some of the ideas discussed with Chris Oechsli, President & CEO of The Atlantic Philanthropies, the limited-life foundation set up and funded by Chuck Feeney.

Ep 2:

David Gonski

17 Nov 2020 | 22:56 mins

Listen to David talk about diversity, making a contribution, a chair’s role, innovation in the non-profit sector, asking for money and being a hopeless artist.

Listen to David talk about diversity, making a contribution, a chair’s role, innovation in the non-profit sector, asking for money and being a hopeless artist.

Ep 3:

David Gonski Part 2

17 Nov 2020 | 22:50 mins

This episode is the second half of our conversation with David Gonski. Listen to David talk about impact, preparing well, the value of listening and his passion for education

This episode is the second half of our conversation with David Gonski. Listen to David talk about impact, preparing well, the value of listening and his passion for education

Ep 4:

Ronni Kahn

17 Nov 2020 | 40:44 mins

How do you set up and grow Australia’s leading food rescue charity? According to Ronni Kahn, inspirational founder of OzHarvest, the answer involves love, belief, clarity of purpose and being clear that you are running a business.

How do you set up and grow Australia’s leading food rescue charity? According to Ronni Kahn, inspirational founder of OzHarvest, the answer involves love, belief, clarity of purpose and being clear that you are running a business.

Ep 5:

Rebecca Scott

17 Nov 2020 | 37:24 mins

What does it take to be a successful social entrepreneur and a pioneer in the field of impact investing? As the co-founder of STREAT, Bec has learnt by doing. In this episode she talks about her work, what she’s learnt and how STREAT gives young people a sense of belonging.

What does it take to be a successful social entrepreneur and a pioneer in the field of impact investing? As the co-founder of STREAT, Bec has learnt by doing. In this episode she talks about her work, what she’s learnt and how STREAT gives young people a sense of belonging.

Ep 6:

David Panzirer

17 Nov 2020 | 22:14 mins

What happens when, overnight, you inherit responsibility for establishing a multi-billion dollar charitable foundation dedicated to saving and improving lives? David knows because he has lived this through the Helmsley Charitable Trust. In this episode he talks about running a philanthropic foundation like a successful business and the need for philanthropy to embrace risk.

What happens when, overnight, you inherit responsibility for establishing a multi-billion dollar charitable foundation dedicated to saving and improving lives? David knows because he has lived this through the Helmsley Charitable Trust. In this episode he talks about running a philanthropic foundation like a successful business and the need for philanthropy to embrace risk.

Ep 7:

Michelle Stewart

17 Nov 2020 | 36:57 mins

In this episode Michelle Stewart, CEO of Cure Brain Cancer Foundation, talks about her career and her bold mission to improve survival rates. She also talks about Professor Charlie Teo’s decision to end his association with the Foundation. Professor Teo recently started his own brain cancer charity and he has been a vocal critic of...

In this episode Michelle Stewart, CEO of Cure Brain Cancer Foundation, talks about her career and her bold mission to improve survival rates. She also talks about Professor Charlie Teo’s decision to end his association with the Foundation. Professor Teo recently started his own brain cancer charity and he has been a vocal critic of high administration and fundraising costs – a sensitive topic Michelle tackles head-on.

Ep 8:

Kylie Charlton

17 Nov 2020 | 31:52 mins

As Koda launches its impact investment advisory service, Kylie defines impact investing and looks at its potential for mainstream and non-profit investors alike. Reflecting on her own career, Kylie also talks about working and investing ‘with heart’.

As Koda launches its impact investment advisory service, Kylie defines impact investing and looks at its potential for mainstream and non-profit investors alike. Reflecting on her own career, Kylie also talks about working and investing ‘with heart’.

Ep 9:

Audette Exel

17 Nov 2020 | 55:44 mins

Audette Exel AO is a former Australian Philanthropist of the Year and a Forbes magazine Hero of Philanthropy. A social activist who became a lawyer and investment banker, she later founded the Adara Group, a social enterprise that proves the power of business can be used to improve the lives of people in poverty. In...

Audette Exel AO is a former Australian Philanthropist of the Year and a Forbes magazine Hero of Philanthropy. A social activist who became a lawyer and investment banker, she later founded the Adara Group, a social enterprise that proves the power of business can be used to improve the lives of people in poverty. In this episode Audette talks about her remarkable life and her belief that business can and must be used as a force for good

Ep 10:

Stephen Fitzgerald

17 Nov 2020 | 34:42 mins

Stephen is a former Chairman of Goldman Sachs Australia and New Zealand. He also served a five year term as a Guardian of Australia’s Future Fund. As well as sharing secrets of his own success, Stephen talks about investing successfully, common investing mistakes and how to run an effective investment committee. He also explains his...

Stephen is a former Chairman of Goldman Sachs Australia and New Zealand. He also served a five year term as a Guardian of Australia’s Future Fund. As well as sharing secrets of his own success, Stephen talks about investing successfully, common investing mistakes and how to run an effective investment committee. He also explains his commitment to impact investing and his belief that all capital will eventually be invested with impact in mind.

Ep 11:

Rich Gilmore

17 Nov 2020 | 43:56 mins

Rich Gilmore is Country Director for The Nature Conservancy in Australia. In this episode, he provides valuable insight into how the Conservancy raised $55 million in twelve weeks to purchase environmentally significant land in the Murray Darling basin. This ambitious act of private conservation harnessed philanthropy and investment to secure the future of over 200,000...

Rich Gilmore is Country Director for The Nature Conservancy in Australia. In this episode, he provides valuable insight into how the Conservancy raised $55 million in twelve weeks to purchase environmentally significant land in the Murray Darling basin. This ambitious act of private conservation harnessed philanthropy and investment to secure the future of over 200,000 hectares of prime Australian land.

Ep 12:

Dave Smith

17 Nov 2020 | 23:47 mins

Dave Smith is President and CEO of Heaton Smith Group, an Atlanta-based consulting firm specializing in major gifts and legacy planning. Dave explains why it’s critical for fundraisers to listen to donors, to build relationships with them over many years and to avoid treating them like ATMs. He also sets out his belief that if...

Dave Smith is President and CEO of Heaton Smith Group, an Atlanta-based consulting firm specializing in major gifts and legacy planning. Dave explains why it’s critical for fundraisers to listen to donors, to build relationships with them over many years and to avoid treating them like ATMs. He also sets out his belief that if you change the conversation, you change the result. Ultimately, Dave suggests, when it comes to raising money, it’s about the donor.

Ep 13:

Andrew Kuper

17 Nov 2020 | 45:28 mins

Dr Andrew Kuper is an investor and social entrepreneur. He is Founder and CEO of LeapFrog Investments, ranked by Fortune as one of the top five Companies to Change the World. Sydney-based Andy is a world-leader in the field of ‘profit with purpose’. What is profit with purpose and how did Andy build LeapFrog into...

Dr Andrew Kuper is an investor and social entrepreneur. He is Founder and CEO of LeapFrog Investments, ranked by Fortune as one of the top five Companies to Change the World. Sydney-based Andy is a world-leader in the field of ‘profit with purpose’. What is profit with purpose and how did Andy build LeapFrog into a business that can claim to have improved the lives of millions of people? Andy explains in this revealing episode of How I Did it.

Latest Episodes

Ep 3:

Natalie Egleton

17 Dec 2020 | 40:52 mins

Few people know the communities of our wide brown land as well as Natalie Egleton, CEO of the Foundation for Rural and Regional Renewal. In this episode, Natalie shares her experience of inequality, resilience, disaster recovery and the vital role philanthropy plays in uniting people across Australia. This episode was recorded using Zoom on 7...

Few people know the communities of our wide brown land as well as Natalie Egleton, CEO of the Foundation for Rural and Regional Renewal. In this episode, Natalie shares her experience of inequality, resilience, disaster recovery and the vital role philanthropy plays in uniting people across Australia. This episode was recorded using Zoom on 7 December 2020.

Ep 2:

Simon Mordant

17 Nov 2020 | 46:10 mins

You find time for the things you love, says Cav. Simon Mordant AO, in a conversation that shines light on a life of purpose and achievement. Starting with little more than a pair of cuff-links, Simon has fashioned a rich philanthropic and cultural life from a career as one of Australia’s top corporate financiers. As...

You find time for the things you love, says Cav. Simon Mordant AO, in a conversation that shines light on a life of purpose and achievement. Starting with little more than a pair of cuff-links, Simon has fashioned a rich philanthropic and cultural life from a career as one of Australia’s top corporate financiers. As Simon prepares to step down as Chairman of the Museum of Contemporary Art, he reflects on the amazing contribution he has made to Australian cultural life and the philanthropic journey he has been on with his wife, Catriona.

Ep 1:

Malcolm Turnbull

17 Nov 2020 | 46:54 mins

In this episode we speak to Malcolm Turnbull, the 29th Prime Minister of Australia. Malcolm talks about philanthropy, impact investing and the merits of choosing a purposeful life. Along the way, we discuss the importance of the non-profit sector and Malcolm offers tips to charities seeking government support. There is even a guest appearance from...

In this episode we speak to Malcolm Turnbull, the 29th Prime Minister of Australia. Malcolm talks about philanthropy, impact investing and the merits of choosing a purposeful life. Along the way, we discuss the importance of the non-profit sector and Malcolm offers tips to charities seeking government support. There is even a guest appearance from Malcolm’s wife, Lucy. This podcast was recorded on 7 May 2020. Consequently, it includes Malcolm’s assessment of Australia’s COVID-19 response and the outlook for Australia, as its people grapple with the effects of a global pandemic.

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