Avsnitt
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In this episode, EWL Partner and Wealth Advisor Ryan Loehr, speaks with Gregg Taylor from Salter Brothers.
Gregg leads the equities investment team at Salter Brothers, a reputable Australian alternatives investment manager responsible for overseeing $3.5bn of assets for HNW investors and institutions.
We have known Gregg across various iterations of his career, which has seen him work across broking, investment banking and portfolio manager roles with leading institutions. Then building and successfully exiting a large media-tech business as well as a funds management business (Bombora) before joining Salter Brothers. In this episode, we dive into some of the key considerations for founders seeking the right investment partner; unpack some of the common challenges these high-growth businesses face; and discuss why the market for these companies has become attractively priced.
As active investors, finding value often requires a contrarian approach; and both small and pre-IPO businesses have recently lagged larger indices by a large margin. This episode is well suited to founders thinking about taking on a capital partner and key considerations; or investors wanting to understand some of the underappreciated opportunities in high-growth, emerging Australian companies.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
In today’s episode managing partner Tim Whybourne catches up with the entrepreneur, founder, and CEO of Audeara. In the episode, they cover everything from how James came from a career path as a doctor to the CEO of a listed business that creates and sells headphones for the hearing impaired. We talk about the highs and lows of being a founder and what it is like to run an ASX-listed business.
Dr James Fielding is the Founder and CEO of Audeara, the Founder and Director of Robotics Engineering Research Laboratories, Founder and Director of Yumm! Confectionary and Founder and former Director of Field Orthopaedics. He worked in a range of fields before pursuing medicine, including at New York-based hedge fund Bay Harbour Capital and a prominent Hollywood production company. Dr Fielding was based at the Royal Brisbane and Women's Hospital before leaving full-time clinical medicine to focus on the founding and development of his start-up, Audeara. Audeara headphones have the capability to test and re-test the hearing of the wearer over the span of a lifetime. They tailor the sound to the needs of the individual to ensure all people, regardless of their hearing health can enjoy a world-class sound experience. Through his lead, Audera has also taken an active role in promoting awareness of hearing loss and related issues in the community.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
Saknas det avsnitt?
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In today’s episode Managing partner Tim Whybourne caught up with the founder of Liquid Gold consultants, Susanne Bransgrove who specialises in assisting family enterprises in tackling the difficult issues of succession, next-generation education and integration, governance, and communication. Liquid Gold Consultants create unique solutions, using customised strategies and suitable structures to create better family cohesion, communication, governance, and focus.
Susanne is best known for providing strategic guidance to family businesses in the areas of ownership/family alignment, business governance improvements and smoother communication flow across organisations. Growing up in Germany as part of a third-generation family business has provided her with a sound foundation for understanding the range of issues that arise when needing to balance the performance of the family business with the differing needs of multiple generations.
In the episode, they cover how they deal with introducing children to wealth without removing their ambition, how to successfully transition a family business leadership from one generation to the next and how families can deal with intergenerational wealth transfer in a considered manner and the discussions we should be having now with our families not waiting for them to hear it for the first time in a will.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
In this episode, Ryan Loehr, our Brisbane-based Partner, and Private Wealth Advisor speaks with the founders of Agreus, Tayyab Mohamed and Paul Westall. Also joining them is Pierre Pineau, the head of Agreus in the APAC region. This marks part II of our podcasts with Agreus and is focused on identifying the key considerations for families, considering establishing and resourcing their own family office. We explore the different types of family office models; key planning issues to get right beforehand; minimum running costs; how thematics like Artificial Intelligence and cybersecurity are impacting hiring needs; and how to fairly remunerate or internalise family members in the business of the family group.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
In this episode, Brisbane Partner and Financial Advisor at EW&L, Ryan Loehr, speaks with one, but two specialists from Ares Management, a leading alternative asset manager responsible for over $600B across credit, private equity, real estate, and infrastructure asset classes.
Joining us is Samantha Milner. Sam joined Ares in 2004 and is a Partner, Portfolio Manager and Head of U.S. Liquid Credit Research. Sam is responsible for managing Ares’ US bank loan and liquid credit strategies and has an extensive background in financial restructuring, advising on distressed mergers, acquisitions, and private placements. Sam is based out of LA; United States and we are fortunate to get to spend time with her whilst in Australia.
Additionally, we are joined by Teiki Benveniste, Head of Ares Wealth Management Solutions in Australia. Teiki is the client portfolio manager for Australian investors, and is well-tenured, previously coming from Macquarie group as a senior investment specialist and before Macquarie worked for Société Générale in London as a credit analyst and syndicated loan trader.
For regular listeners, Ryan has increasingly spent time covering private and liquid credit from various, leading fund managers. In this episode, Ryan does something a little different, by comparing the different characteristics, the pros, and cons of both private and traded loans, and the role that each can play in client portfolios. Teiki and Sam provide some invaluable insights, and we hope you enjoy this episode.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
In today’s episode, Managing Partner Craig Emanuel sits down with Craig Blair, Co-Founder and Partner of AirTree Ventures.
AirTee are the pinnacle of the Australian venture capital ecosystem. Craig has been a trailblazer in Australian VC, having been investing in startups with a list of successful exits from the 1990’s, prior to founding AirTree in 2014. With $1.3bn funds under management, AirTree’s portfolio includes many of Australia and New Zealand’s iconic technology companies. Craig has led investments in Canva, Pet Circle, Go1 and Employment Hero, which have delivered hundreds of millions of dollars in investor returns at greater than 100x initial investment. Prior to AirTree, Craig was a Partner at Netus, a venture fund that delivered top decile returns to investors for years in succession. Prior to his VC career, Craig was a founder of several startups including Travelselect, Beamly Australia, and the founding chairman of Pet Circle. Craig spent his early career in strategy consulting and investment banking. Outside of AirTree, Craig is an active philanthropist through the Blair Caffrey Foundation which supports indigenous, women’s and humanitarian causes and the arts. Craig holds a Bachelor of Engineering from the University of Sydney, and an MBA from INSEAD, France.During this podcast, Craig holds an in-depth discussion with Craig on how he sees the Australian VC industry, how AirTree select and manage their portfolio companies, through to the secrets of maintaining the right work/life balance.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
In today’s episode, Managing Partner Craig Emanuel sits down with Mario Giannini, Co-Chairman of Hamilton Lane. Established in 1991, Hamilton Lane is one of the World’s largest and most respected Private Markets managers, directly managing more than $ 1.3 trillion AUD in assets globally.
During this podcast, Craig holds an in-depth discussion with Mario about what attracted Mario to private markets from an early age, revisiting the bad old chainsaw and leverage days, the firm’s Investment committee process, the pressures in the current environment to deploy capital, through to some crystal ball gazing by Mario. 2024 may in fact prove to be one of the best vintages to invest in.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
The environment for global liquid or traded credit has changed dramatically over the past 10-15 years. Sub-investment grade debt has increased its quality – leverage is significantly lower than historical levels, and the volume of BB quality credits (one rank below IG) in the sub-IG universe is very high. Roughly 50% in the US and 60% in Europe. While some argue that spreads are not wide enough, in this episode we unpack the often-overlooked opportunities available across a range of different security types; where and how KKR can access favourable terms and why investors should be considering this asset class as part of their more aggressive fixed-income portfolios, or as a substitute to some of their equity allocation.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
In today’s episode, Managing Partner, Tim Whybourne catches up with Jonathan Armitage, Chief Investment Officer of CFS in their Sydney studio. They discuss everything from the current state of markets to how CFS goes about constructing portfolios for clients. They touch on the difference between listed and unlisted assets and the opportunity that is emerging for unlisted investments (Private Equity and Credit).
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
In today’s episode Partner’s Craig Emanuel, Tim Whybourne & Ryan Loehr discuss all things markets from what happened in markets in 2023 through to their bold predictions for what 2024 will bring as well as touch on the investment case for private equity and credit.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
In today’s episode, we speak with Brett Winton, the chief futurist for Ark Invest. Brett joined ARK in February 2014 and has worked alongside Cathie for almost 15 years since their time at Alliance Bernstein. As Chief Futurist, Brett drives ARK’s long-term forecasts across convergent technologies, economies, and asset classes, helping ARK dimension the impact of disruptive innovation as it transforms public equities, private equities, crypto assets, fixed income, and the global economy. Brett also serves on the ARK Venture Investment Committee. Brett joined ARK as Director of Research, guiding and managing the proprietary research of ARK’s investment team. Prior to ARK, Brett served as a Vice President and Senior Analyst on the Research on Strategic Change team at Alliance Bernstein. Brett earned his Bachelor of Science in Mechanical Engineering at the Massachusetts Institute of Technology (MIT).
In the episode, we covered everything from why disruptive technology now through the size of the opportunity for some of the portfolio companies like Tesla, Coinbase and DraftKings.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
In today’s episode, we sit down with Benjamin Dunphy from January Capital to talk all things Venture Debt. The asset class is not well understood in Australia so it was fascinating to unpack the opportunity the space may offer to Australian Investors.
Benjamin is the founder and managing partner at January Capital. January Capital is a Venture Capital firm based out of Singapore investing in the Asia Pacific region. Asia-Pacific's first dedicated, diversified fund providing senior, secured loans to leading, growth-stage technology companies, managed by the region's most experienced venture credit team.
Benjamin is responsible for overall portfolio construction and firm strategy at January Capital. Benjamin’s track record of investments includes Akulaku, Shopback, Go1 and Skedulo. Benjamin was the only Australian in 2019 to be named as a member of the Forbes 30 under 30 Venture Capital and Private Equity list.
Prior to joining January Capital, Benjamin worked for Seabury Group, a leading advisory firm in New York, consulting on engagements across three continents. Benjamin was previously based in Southeast Asia as Vice President of Operations for Lazada, a billion-dollar e-commerce company now owned by Alibaba. Benjamin holds a Bachelor of Business (First Class Hons) from the Queensland University of Technology.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
In this episode, we introduce Tayyab Mohamed and Paul Westall co-founders of Agreus group. Agreus is a leading full-service recruitment firm that works exclusively to solve for the hiring needs of family offices – some of the largest, most successful and high-profile families throughout the world. Unlike traditional business, family offices are unique. Maintaining wealth across generations is notoriously difficult, reflected by the well-known saying “shirtsleeves to shirtsleeves in three generations.” This occurs most often because of failed culture, alignment and dynamic – rather than a lack of skill. Hires need to be a cultural fit; personalities in a small team need to gel; values and vision need to align.
In this episode, Part I (another to follow), we introduce the founders, how and why Paul and Tayyab created Agreus. Their professional life before family office recruitment. The extensive work they do in Family Office Salary benchmarking alongside KPMG. And more critically, discuss the key drivers of establishing a family office. The do’s and don’t and common failures in the recruitment process. On the call we are also joined by Pierre Pineau who leads Agreus’ Asia Pacific division and talk through the needs of families in the region, providing useful context for Australian families to consider how, when and why they should establish a family office – and the alternative ‘hybrid’ models in between.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
In this episode, our Partner Ryan Loehr speaks to Harry Sugiarto, portfolio manager of Intermediate Capital Group's (ICG) multi-sector liquid credit portfolios. Harry and his team are not constrained to the returns of any one type of asset within credit and can pivot to where the best relative value is. As the risk-free rate of return resets valuations and investor return expectations across all asset classes, credit markets have become increasingly attractive. In some cases, offering investors equity-like or above potential returns with significantly more protection. ICG is a global alternatives asset manager with origins in Europe. Today it manages over USD $80B in AUM and is a truly global business with approximately 600 employees across 16 countries. It is listed on the LSE and is a member of the FTSE250. This is an interesting listen for anyone with a more income-focused investment strategy, or those interested in taking advantage of more attractive opportunities in global traded credit.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
In today’s episode Managing Partner, Tim Whybourne, sits down with David Bassanese, the Chief Economist for Betashares. In their discussion they cover everything from the current economic outlook and view of interest rates to the sustainability of the US debt position and why there is cause for optimism in markets over the coming 5-10 years.
David is responsible for developing economic insights and portfolio construction strategies for adviser and retail clients. Prior to Betashares, David was an economic columnist for The Australian Financial Review (AFR) for over a decade. Prior to the AFR, David spent several years in the financial markets as a senior economist and interest rate strategist at Bankers Trust and Macquarie Bank. He started his career as a Commonwealth Treasury official, after which he spent three years as a research economist at the Organisation for Economic Cooperation and Development (OECD) in Paris, France. He graduated with first-class honours from the University of Adelaide, and a master’s in public policy from the J.F. Kennedy School of Government at Harvard University.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
In this podcast, EW&L Partner Ryan Loehr speaks with Matthew O’Mara from Apollo Global. Matt is a Partner of Apollo’s Insurance Solutions Group and has responsibility for leading its democratised private market capability globally. For those unfamiliar with Apollo, it is regarded as one of the most reputable private equity and private credit managers in the world. A key differentiator for Apollo is its alignment with investors, with approximately half of its $600B in AUM invested from its own balance sheet, alongside investors. Private Markets are an area that has traditionally been restricted to the largest professional and institutional investors, but managers (including Apollo) are increasingly innovating via new structures to provide private investors with new access points. ‘Alternatives’ or private market opportunities are increasingly playing a more important role in investor portfolios and for anyone looking to understand more about this asset class, this episode provides valuable insights.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
In this episode managing partner, Tim Whybourne catches up with Dominic Woolrych the Co-Founder and CEO of Law Path. They sit down to discuss everything from what it was like in the early days, stepping out of a secure career at a large law firm to a start-up all while running another side hustle, which has gone on to achieve more than 1m in revenue per annum. Law Path now services 400,000 small to medium-sized businesses in Australia by providing accessible legal solutions in a scalable format. They have been recognised among the top 10 legal start-ups in Australia and the top 50 globally.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
In this episode, Ryan Loehr speaks with Nick Cregan, Founder and Portfolio Manager at Fairlight Asset Management.
Fairlight Asset Management is a preeminent global small-mid cap manager responsible for managing A$1B. Despite the youth of the firm, the group has quickly established a formidable reputation locally with a tight-knit investment team that each brings a long and successful track record in the segment. Nick has previously held senior positions with Evans and Partners, managing a global equity strategy awarded “best global fund” in 2016 and top decile performance since inception. He also worked in New York and London with Schroders, as a Senior Analyst of the US $7bn small mid cap fund, responsible for a fourth of its assets. Closer to home, Nick ran an Australian Microcap equities strategy, with 11% per annum outperformance over five years. As Bloomberg published in June 2023, the Fairlight strategy was up 24% for the year, outperforming 97% of global equity peers.
I wanted to speak to Nick because as often occurs in environments like we witnessed in 2022, there is a widening gap between large and mega cap valuations relative to small-mid cap constituents. This can create outsized opportunities. Investors incorrectly assume that smaller means riskier, which isn’t always the case. In 2023, we have witnessed US markets rally, with the S&P500 up circa 20% year to date. However, of this, the 5-largest technology names have driven most of this return, largely on the back of AI-related optimism. Valuations do matter, and ultimately drive long-term value. Many large and mega cap names now look expensive, well above their long-term average. while small-mids look increasingly attractive, well below these multiples. For meaningful diversification, Small-Mids can play a critical role in portfolios. Nick and I talk about the importance of having a clear investment philosophy, strict valuation discipline, and how investors can get exposure to exciting thematics without the excessive price tag.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
In today’s episode, Managing Partner, Tim Whybourne caught up with Jack Neureuter from the Fidelity Digital asset team based out of Boston. They discussed everything from how he got started in the space, the level of institutional demand for Crypto, the investment case for Bitcoin and Ethereum and why they shouldn’t be ignored to debunking some of the most common myths we hear about crypto assets.
Jack Neureuter is a Senior Research Analyst for the Fidelity Digital Assets team. He spends his day-to-day researching, writing, and speaking with institutional clients about macroeconomics and the digital asset ecosystem that is emerging, hoping to help increase comfort levels and bridge the knowledge gaps that exist between traditional asset managers and the digital asset space.
Prior to his current role, he spent time working on the curriculum team for the Chartered Alternative Investment Analyst Association (CAIA) and with Fidelity’s Prime Brokerage team creating portfolio analytics tools for hedge fund investors. Jack graduated from the Honours College at the University of Massachusetts Amherst with a degree in finance and economics.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. -
Our longer lives and increased wealth have taken the traditional area of estate planning to a whole new dimension. When you add other layers of life, including superannuation, blended families, family trusts and businesses, downsizing, aged care, later life singlehood and disinheriting, just to mention a few, what used to be a neat and tidy landscape is now far more abstract. Confronting our future and planning for, and documenting, it has never been more important. Doing nothing about it is an option. If you choose this option, at least understand what it means for your family after you’ve departed. It’s not just what it means for the passing of your wealth but, far more significantly, the effect on relationships within your family. That can be the real legacy of avoidance.
In this Webinar, Brian Herd from Hopgood Ganim will bring his over 40 years of experience in the field addressing the downsides of doing nothing and the upsides of doing something and how to do that something well. He will explore what makes a good will as opposed to a bad one, how to deal with related entities like trusts and the importance of other documents, such as the Enduring Power of Attorney. It will be riveting and motivating.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision. - Visa fler
