Why Peter Cooper can’t wait for the next 30 years on markets

The veteran fund manager says the most uncertain period of his career will deliver huge opportunities – providing his firm can stick to its system.

Why Peter Cooper can’t wait for the next 30 years on markets

October 31, 2022
The veteran fund manager says the most uncertain period of his career will deliver huge opportunities – providing his firm can stick to its system.
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Veteran fund manager Peter Cooper doesn’t want to hear the word retirement.

Many of his contemporaries might be selling up, stepping down and scaling back, but the 63-year-old says the second and best chapter of his investment career only started six months ago, when the era of cheap money and easy asset price rises came to a screaming halt.

“I can’t wait for the next 30 years, because it’s a serious movie here. We aren’t sure how this ends in terms of the change in so many areas,” he tells The Australian Financial Review.

“The opportunities are just amazing out there going forward, because of this rotation.”

Cooper’s enthusiasm is all the more striking because of his background and his approach to investment – 30 years of experience in financial markets and his deep study of human psychology have taught him anything that looks remotely like hubris is bad news.

But his confidence is borne of the idea that Cooper Investors, which manages $10.5 billion and was established in August 2001, has the tools to win in this new era.

Partly, that’s about the firm’s deep industry knowledge, its systemised approach and its owner-operator culture that in many ways borrows from the companies Cooper likes to invest in most.

But it’s also about Cooper Investors refusal to be one thing or another, and its preparedness to seek out the nuance: it’s neither a growth or a value investor, nor a quantitative or qualitative one. Markets and the macro environment will shift, Cooper says, and the firm has to be able to find what he calls “multiple sources of value”.

Ebb and flow

At different times, that will mean tilting towards growth companies that trade on old-fashioned multiples, low-risk turnarounds or real asset plays that will hold up well in certain economic conditions. The key is to observe how industries, economies and political philosophies are shifting, and be ready to shift too.

“I like to say the money has to go somewhere,” Cooper says. “There’s always positive trends, there’s always negative trends. I do think about life and investing through that lens of ebbing and flowing.”

Even the biggest companies on the exchange go through these cycles. While BHP and Macquarie Group are mainstays in many portfolios of Australian investors, and companies Cooper clearly admires, there have been moments in the last few decades when they stumbled; Macquarie tumbled more than 80 per cent in the GFC, and 50 per cent in the COVID panic of early 2020, while BHP shares halved in 2008 and again between 2014 and 2016 as the commodity cycle turned against them.

During these down periods, the tendency is to panic. But for Cooper, that’s counterproductive. Nothing is ever quite as good as it seems, or as bad.

“There’s multiple truths and there’s always opportunities and risks. What I’ve found in my career is that catastrophisation, with a bit of black or white thinking, can really get you off track. And it gets contagious with a group,” Cooper explains.

“One of the tenets of our investment philosophy is observation, not prediction – it’s a quantum physics concept. See truth for what it is, without all the incredible psychological pressure to kind of socially conform to the consensus worldview.”

This can be extremely difficult, of course, when the media, analysts and even your own clients are all heading in one direction. But this is where Cooper Investors needs to fall back on its systems, process and culture.

“It’s challenging to actually be still enough to see what is actually going on under the bonnet.”

A perfect example of this is one of the most controversial and beleaguered stocks on the ASX right now, which Cooper Investors has recently been buying across its Australian equities fund and its Brunswick fund: casino operator The Star Entertainment Group.

Cooper says his firm have become specialists at what he calls low-risk turnarounds – finding fallen companies where value can be created by the combination of a reversion to previous performance and execution on each growth wins that Cooper describes “the second and third wave of low-hanging fruit”.

Backing a fallen Star

The trick, of course, is to find the low-risk situations and avoid the turnarounds that never quite get back to their previous levels.

For Cooper, the numbers help explain why Star is a low-risk turnaround. “Star’s worth more than its share price, even without the licence, because of its property,” he says.

But stepping back from the current scandals engulfing the company and those other growth opportunities emerge.

One of Cooper’s favourite investment thematics is what he describes as the hubris-to-humility cycle. Hubris, he says, happens in many industries, including funds management, and it almost always ends badly. But the worse the problem, the quicker the shift to humility.

The scorching regulatory scrutiny that Star has been under in the last 12 months will likely see it emerge as one of the best-run casino companies in the world under new CEO Robbie Cooke, who Cooper says is “the perfect guy for that job”.

A clean-up Star could attract a bid from a cashed-up gambling giant or private equity group, as Crown Resorts did, is very real, Cooper argues.

But even if that doesn’t happen, Cooper believes the Star provides a smart way to play the post-pandemic tourism rebound that the NSW and Queensland governments will be desperate to see.

Cooper says the expertise his firm has built up in low-risk turnarounds, which is not a million miles away from private equity investing, is not well appreciated in the broader market. But in many ways it captures the multiple levels on which Cooper Investors hunts value under a formula Cooper and his long-time investment partner and friend Andrew Swan have been developing for most of their careers.

An hour with Cooper, a veteran of Merrill Lynch, BNP and the NSW State Superannuation Investment and Management Corporation, involves a fascinating and stimulating journey through everything from biology through to behavioural psychology and quantum physics.

Cooper will speak next month at the Sohn Hearts & Minds conference in Hobart, which raises money for medical research, and it’s a fair bet his presentation will go well beyond facts and figures on certain stocks.

This is not to say that Cooper comes across as some high-minded academic; Cooper Investors follows a universe of about 100 Australian stocks and 200 international ones, and you get the sense he knows the ins and outs of each one. But this column happily admits the widely read Cooper has taught him a new word.

The Cooper formula

Consilience is a term used in science and history to describe the principle that evidence from independent, unrelated sources can converge on strong conclusions. It’s also the name of a 1998 book by E.O Wilson, a biologist who studied ants – yes, the little black things – and discussed ways that the sciences could be united with the humanities.

Cooper happily admits to having lifted the idea of consilience from Wilson, before bastardising it ever so slightly for his own purposes. “Everything that comes out of my mouth has been borrowed from somebody else,” he happily admits.

In the investment vision of Cooper Investors, consilience occurs by building relationships with the leaders and experts that matter at the coal face of a given industry. But more broadly, it sums up what might be Cooper’s central belief in observing and measuring multiple data points to reach conclusions.

This feeds the firm’s investment process, which it calls VoF: value latency; operating industry and strategic trends; and focused industry and management behaviour.

The value question is largely quantitative and involves an examination of the company’s operating performance: what does cash flow, growth options, assets, risks and the cost of money say about the value opportunity?

Industry structure and trends are a mix of qualitative and quantitative: what are the themes, milestones, catalysts, events and corporate actions that will help deliver the value latency identified?

Focused industry and management behaviour is most subjective: what is the quality of the company’s management?

It is here where Cooper believes his firm has the biggest advantage: the shoe leather spent over decades to build up contacts and meet with management teams has even more value in a world where everyone in the market has so much qualitative data on every stock.

“In the world of digitisation there is no doubt the value of networks has not gone away – it’s actually gone up,” Cooper says.

The numbers suggest Cooper’s Melbourne-based firm Cooper Investors, which manages $10.5 billion, has had a good decade; it’s flagship Australian equities fund has produced an annualised rolling 10-year return of 11.85 per cent, 3.62 per cent ahead of its benchmark, while the Brunswick fund (75 per cent local equities, 25 per cent international) has delivered 14.06 per cent, 5.65 per cent ahead of its benchmark.

Cooper says the firm’s had its shares of winners in the past 10 years, but it’s clear he’s more excited about the coming decade, and the chance to apply the firm’s investment philosophy and system in a time of great uncertainty, where the temptation of those in the market to overreact will create opportunities.

A new era

“There’s so much we don’t know, and so it does feel different in terms of my career because so many of these risks are very macro. How do you analyse the mind of Putin and Xi, who have changed the shape of the world? And what next?”

Even leaving aside the war in Ukraine, Cooper says the question of how the world’s energy mix will change – or not change – is a big one for investors to digest.

Regulation is another source of opportunity ... “The regulatory and governmental claws into society and business have just never been bigger and more influential,” he says, and that will create winners and losers.

For example, he believes he’s found a winner in the ASX-listed property group Lifestyle Communities, which Cooper says will benefit from governments focused on affordable housing.

Cooper has been a long-term and perpetually frustrated investor in Lendlease, but believes it can be a winner from rising regulation, too. “The IP [intellectual property] it has in environmental issues, infrastructure issues, town planning, urban renewal is world-class stuff.”

Of course, a new environment like the one Cooper describes is dangerous too – investment mistakes will be costly.

Cooper says he has known big periods of underperformance in the past and says it’s rarely big macroeconomic changes that trip fund managers up, but rather good old-fashioned human error. His focus is on sticking to what makes Copper Investors work: system, values and culture.

“When people talk about attribution, they’re talking about their stocks. They never talk about these other things, which are really important.

“Application of the system is something that we just talked about endlessly in here. You get better at it, but it’s very difficult, because what you’re talking about is behavioural change, dealing with the neurological hard wiring of the human being – wanting to be loved, wanting to get in the pub and spruik the winners, and not wanting to talk about your losers. It’s just human nature. We’ve spent a lot of time on this and frankly became a bit obsessed by it.”

This is partly why Cooper says the sale of the firm is not on the cards. The fact the firm is owned by its employees – “the farmers doing the farming, and eating the produce,” as he says – is integral to its culture.

That’s not to say Cooper is blind to issues of succession. He’s spent the last five years thinking hard about the topic and developing the next generation of fund managers in the business – these include Chris Dixon, Justin O’Brien, Allan Goldstein, Amos Hill and Frank Podrugat, and Natalie Elliott, who runs the firm’s private capital division – and is in the process of hiring a chief executive to run Cooper Investors.

Cooper will remain chief investment officer, but says it will become a more focused role with the appointment of a CEO. “Where I see myself adding value is with culture, developing, mentoring, accelerating and igniting stuff around that investment philosophy.”

Cooper published a 180-page book on the firm’s philosophy and culture some years ago for internal use, but he wants to refine this into a 30- or 40-page book that he’s considering publishing more widely.

In a world where private capital is ascendent, Cooper is also thinking how the firm’s long-only equity investments could be applied to a private capital model. There are companies in the group’s Australian equities portfolio that he believes could be well served by being privatised, and he’s keen to explore models whereby Cooper Investors could remain a shareholder.

“The work we do is private equity-like in some areas,” Copper says, pointing to the three capital pools in the Brunswick fund – compounding growth companies, quality turnaround and bond-like equities and asset plays – as illustrative of the sorts of areas where Cooper Investors could add value in private markets.

“There’s lots of exciting things in the adjacency department.”

 

 

This article was originally posted by The Australian Financial Review here.

Licensed by Copyright Agency. You must not copy this work without permission.

Disclaimer: This material has been prepared by AFR, published on 31 October 2022. HM1 is not responsible for the content of linked websites or content prepared by third party. The inclusion of these links and third-party content does not in any way imply any form of endorsement by HM1 of the products or services provided by persons or organisations who are responsible for the linked websites and third-party content. This information is for general information only and does not consider the objectives, financial situation or needs of any person. Before making an investment decision, you should read the relevant disclosure document (if appropriate) and seek professional advice to determine whether the investment and information is suitable for you.

Veteran fund manager Peter Cooper doesn’t want to hear the word retirement.

Many of his contemporaries might be selling up, stepping down and scaling back, but the 63-year-old says the second and best chapter of his investment career only started six months ago, when the era of cheap money and easy asset price rises came to a screaming halt.

“I can’t wait for the next 30 years, because it’s a serious movie here. We aren’t sure how this ends in terms of the change in so many areas,” he tells The Australian Financial Review.

“The opportunities are just amazing out there going forward, because of this rotation.”

Cooper’s enthusiasm is all the more striking because of his background and his approach to investment – 30 years of experience in financial markets and his deep study of human psychology have taught him anything that looks remotely like hubris is bad news.

But his confidence is borne of the idea that Cooper Investors, which manages $10.5 billion and was established in August 2001, has the tools to win in this new era.

Partly, that’s about the firm’s deep industry knowledge, its systemised approach and its owner-operator culture that in many ways borrows from the companies Cooper likes to invest in most.

But it’s also about Cooper Investors refusal to be one thing or another, and its preparedness to seek out the nuance: it’s neither a growth or a value investor, nor a quantitative or qualitative one. Markets and the macro environment will shift, Cooper says, and the firm has to be able to find what he calls “multiple sources of value”.

Ebb and flow

At different times, that will mean tilting towards growth companies that trade on old-fashioned multiples, low-risk turnarounds or real asset plays that will hold up well in certain economic conditions. The key is to observe how industries, economies and political philosophies are shifting, and be ready to shift too.

“I like to say the money has to go somewhere,” Cooper says. “There’s always positive trends, there’s always negative trends. I do think about life and investing through that lens of ebbing and flowing.”

Even the biggest companies on the exchange go through these cycles. While BHP and Macquarie Group are mainstays in many portfolios of Australian investors, and companies Cooper clearly admires, there have been moments in the last few decades when they stumbled; Macquarie tumbled more than 80 per cent in the GFC, and 50 per cent in the COVID panic of early 2020, while BHP shares halved in 2008 and again between 2014 and 2016 as the commodity cycle turned against them.

During these down periods, the tendency is to panic. But for Cooper, that’s counterproductive. Nothing is ever quite as good as it seems, or as bad.

“There’s multiple truths and there’s always opportunities and risks. What I’ve found in my career is that catastrophisation, with a bit of black or white thinking, can really get you off track. And it gets contagious with a group,” Cooper explains.

“One of the tenets of our investment philosophy is observation, not prediction – it’s a quantum physics concept. See truth for what it is, without all the incredible psychological pressure to kind of socially conform to the consensus worldview.”

This can be extremely difficult, of course, when the media, analysts and even your own clients are all heading in one direction. But this is where Cooper Investors needs to fall back on its systems, process and culture.

“It’s challenging to actually be still enough to see what is actually going on under the bonnet.”

A perfect example of this is one of the most controversial and beleaguered stocks on the ASX right now, which Cooper Investors has recently been buying across its Australian equities fund and its Brunswick fund: casino operator The Star Entertainment Group.

Cooper says his firm have become specialists at what he calls low-risk turnarounds – finding fallen companies where value can be created by the combination of a reversion to previous performance and execution on each growth wins that Cooper describes “the second and third wave of low-hanging fruit”.

Backing a fallen Star

The trick, of course, is to find the low-risk situations and avoid the turnarounds that never quite get back to their previous levels.

For Cooper, the numbers help explain why Star is a low-risk turnaround. “Star’s worth more than its share price, even without the licence, because of its property,” he says.

But stepping back from the current scandals engulfing the company and those other growth opportunities emerge.

One of Cooper’s favourite investment thematics is what he describes as the hubris-to-humility cycle. Hubris, he says, happens in many industries, including funds management, and it almost always ends badly. But the worse the problem, the quicker the shift to humility.

The scorching regulatory scrutiny that Star has been under in the last 12 months will likely see it emerge as one of the best-run casino companies in the world under new CEO Robbie Cooke, who Cooper says is “the perfect guy for that job”.

A clean-up Star could attract a bid from a cashed-up gambling giant or private equity group, as Crown Resorts did, is very real, Cooper argues.

But even if that doesn’t happen, Cooper believes the Star provides a smart way to play the post-pandemic tourism rebound that the NSW and Queensland governments will be desperate to see.

Cooper says the expertise his firm has built up in low-risk turnarounds, which is not a million miles away from private equity investing, is not well appreciated in the broader market. But in many ways it captures the multiple levels on which Cooper Investors hunts value under a formula Cooper and his long-time investment partner and friend Andrew Swan have been developing for most of their careers.

An hour with Cooper, a veteran of Merrill Lynch, BNP and the NSW State Superannuation Investment and Management Corporation, involves a fascinating and stimulating journey through everything from biology through to behavioural psychology and quantum physics.

Cooper will speak next month at the Sohn Hearts & Minds conference in Hobart, which raises money for medical research, and it’s a fair bet his presentation will go well beyond facts and figures on certain stocks.

This is not to say that Cooper comes across as some high-minded academic; Cooper Investors follows a universe of about 100 Australian stocks and 200 international ones, and you get the sense he knows the ins and outs of each one. But this column happily admits the widely read Cooper has taught him a new word.

The Cooper formula

Consilience is a term used in science and history to describe the principle that evidence from independent, unrelated sources can converge on strong conclusions. It’s also the name of a 1998 book by E.O Wilson, a biologist who studied ants – yes, the little black things – and discussed ways that the sciences could be united with the humanities.

Cooper happily admits to having lifted the idea of consilience from Wilson, before bastardising it ever so slightly for his own purposes. “Everything that comes out of my mouth has been borrowed from somebody else,” he happily admits.

In the investment vision of Cooper Investors, consilience occurs by building relationships with the leaders and experts that matter at the coal face of a given industry. But more broadly, it sums up what might be Cooper’s central belief in observing and measuring multiple data points to reach conclusions.

This feeds the firm’s investment process, which it calls VoF: value latency; operating industry and strategic trends; and focused industry and management behaviour.

The value question is largely quantitative and involves an examination of the company’s operating performance: what does cash flow, growth options, assets, risks and the cost of money say about the value opportunity?

Industry structure and trends are a mix of qualitative and quantitative: what are the themes, milestones, catalysts, events and corporate actions that will help deliver the value latency identified?

Focused industry and management behaviour is most subjective: what is the quality of the company’s management?

It is here where Cooper believes his firm has the biggest advantage: the shoe leather spent over decades to build up contacts and meet with management teams has even more value in a world where everyone in the market has so much qualitative data on every stock.

“In the world of digitisation there is no doubt the value of networks has not gone away – it’s actually gone up,” Cooper says.

The numbers suggest Cooper’s Melbourne-based firm Cooper Investors, which manages $10.5 billion, has had a good decade; it’s flagship Australian equities fund has produced an annualised rolling 10-year return of 11.85 per cent, 3.62 per cent ahead of its benchmark, while the Brunswick fund (75 per cent local equities, 25 per cent international) has delivered 14.06 per cent, 5.65 per cent ahead of its benchmark.

Cooper says the firm’s had its shares of winners in the past 10 years, but it’s clear he’s more excited about the coming decade, and the chance to apply the firm’s investment philosophy and system in a time of great uncertainty, where the temptation of those in the market to overreact will create opportunities.

A new era

“There’s so much we don’t know, and so it does feel different in terms of my career because so many of these risks are very macro. How do you analyse the mind of Putin and Xi, who have changed the shape of the world? And what next?”

Even leaving aside the war in Ukraine, Cooper says the question of how the world’s energy mix will change – or not change – is a big one for investors to digest.

Regulation is another source of opportunity ... “The regulatory and governmental claws into society and business have just never been bigger and more influential,” he says, and that will create winners and losers.

For example, he believes he’s found a winner in the ASX-listed property group Lifestyle Communities, which Cooper says will benefit from governments focused on affordable housing.

Cooper has been a long-term and perpetually frustrated investor in Lendlease, but believes it can be a winner from rising regulation, too. “The IP [intellectual property] it has in environmental issues, infrastructure issues, town planning, urban renewal is world-class stuff.”

Of course, a new environment like the one Cooper describes is dangerous too – investment mistakes will be costly.

Cooper says he has known big periods of underperformance in the past and says it’s rarely big macroeconomic changes that trip fund managers up, but rather good old-fashioned human error. His focus is on sticking to what makes Copper Investors work: system, values and culture.

“When people talk about attribution, they’re talking about their stocks. They never talk about these other things, which are really important.

“Application of the system is something that we just talked about endlessly in here. You get better at it, but it’s very difficult, because what you’re talking about is behavioural change, dealing with the neurological hard wiring of the human being – wanting to be loved, wanting to get in the pub and spruik the winners, and not wanting to talk about your losers. It’s just human nature. We’ve spent a lot of time on this and frankly became a bit obsessed by it.”

This is partly why Cooper says the sale of the firm is not on the cards. The fact the firm is owned by its employees – “the farmers doing the farming, and eating the produce,” as he says – is integral to its culture.

That’s not to say Cooper is blind to issues of succession. He’s spent the last five years thinking hard about the topic and developing the next generation of fund managers in the business – these include Chris Dixon, Justin O’Brien, Allan Goldstein, Amos Hill and Frank Podrugat, and Natalie Elliott, who runs the firm’s private capital division – and is in the process of hiring a chief executive to run Cooper Investors.

Cooper will remain chief investment officer, but says it will become a more focused role with the appointment of a CEO. “Where I see myself adding value is with culture, developing, mentoring, accelerating and igniting stuff around that investment philosophy.”

Cooper published a 180-page book on the firm’s philosophy and culture some years ago for internal use, but he wants to refine this into a 30- or 40-page book that he’s considering publishing more widely.

In a world where private capital is ascendent, Cooper is also thinking how the firm’s long-only equity investments could be applied to a private capital model. There are companies in the group’s Australian equities portfolio that he believes could be well served by being privatised, and he’s keen to explore models whereby Cooper Investors could remain a shareholder.

“The work we do is private equity-like in some areas,” Copper says, pointing to the three capital pools in the Brunswick fund – compounding growth companies, quality turnaround and bond-like equities and asset plays – as illustrative of the sorts of areas where Cooper Investors could add value in private markets.

“There’s lots of exciting things in the adjacency department.”

 

 

This article was originally posted by The Australian Financial Review here.

Licensed by Copyright Agency. You must not copy this work without permission.

Disclaimer: This material has been prepared by AFR, published on 31 October 2022. HM1 is not responsible for the content of linked websites or content prepared by third party. The inclusion of these links and third-party content does not in any way imply any form of endorsement by HM1 of the products or services provided by persons or organisations who are responsible for the linked websites and third-party content. This information is for general information only and does not consider the objectives, financial situation or needs of any person. Before making an investment decision, you should read the relevant disclosure document (if appropriate) and seek professional advice to determine whether the investment and information is suitable for you.

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Northcape Capital’s Fleur Wright this gives a rare opportunity to buy a high quality company at an attractive price.

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Mike Novogratz, CEO of Galaxy Digital. Photo: Jutharat Pinyodoonyachet/BloombergMike Novogratz, CEO of Galaxy Digital. Photo: Jutharat Pinyodoonyachet/BloombergMike Novogratz, CEO of Galaxy Digital. Photo: Jutharat Pinyodoonyachet/BloombergMike Novogratz, CEO of Galaxy Digital. Photo: Jutharat Pinyodoonyachet/Bloomberg
November 9, 2024

Galaxy Digital CEO Mike Novogratz believes bitcoin will hit $US100k

Bitcoin’s bounce to record highs in recent days is only the beginning of a fresh surge higher for cryptocurrency, says US billionaire Mike Novogratz.

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Eminence Capital founder Ricky Sandler in Sydney. Picture: John Feder‍Eminence Capital founder Ricky Sandler in Sydney. Picture: John Feder‍Eminence Capital founder Ricky Sandler in Sydney. Picture: John Feder‍Eminence Capital founder Ricky Sandler in Sydney. Picture: John Feder‍
November 6, 2024

Why this New York hedge fund manager sees opportunity in European stocks

Influential New York-hedge fund manager Ricky Sandler will turn to Europe for his next stock pick.

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Vihari Ross of Antipodes. Picture: Louie DouvisVihari Ross of Antipodes. Picture: Louie DouvisVihari Ross of Antipodes. Picture: Louie DouvisVihari Ross of Antipodes. Picture: Louie Douvis
November 5, 2024

Antipodes’ Ross says short-term wealth hinges on US election

The portfolio manager says defensive stocks pose a bigger risk than the magnificent seven for investors that are overexposed to the American sharemarket.

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Antipodes Partners portfolio manager Vihari Ross: ‘We ask where the overvaluation is and where the opportunity is.’ Picture: John FederAntipodes Partners portfolio manager Vihari Ross: ‘We ask where the overvaluation is and where the opportunity is.’ Picture: John FederAntipodes Partners portfolio manager Vihari Ross: ‘We ask where the overvaluation is and where the opportunity is.’ Picture: John FederAntipodes Partners portfolio manager Vihari Ross: ‘We ask where the overvaluation is and where the opportunity is.’ Picture: John Feder
November 5, 2024

Concentration risk key for investors: Antipodes Partners’ Vihari Ross

The concentration risk in global stock indexes that has built up during the strong rise over the past year must now be a key consideration for global investors, according to Vihari Ross.

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JO Hambro Asset Management senior portfolio manager Samir Mehta.JO Hambro Asset Management senior portfolio manager Samir Mehta.JO Hambro Asset Management senior portfolio manager Samir Mehta.JO Hambro Asset Management senior portfolio manager Samir Mehta.
November 5, 2024

The fundie betting big on China – with help from AI

Mr Mehta is sticking to his well-worn strategy: he’s hunting for companies across Asia that aren’t battling intense competition and have management teams focused on costs, cash generation and high payouts to shareholders.

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Beeneet Kothari is ready to shock the Sohn Hearts & Minds event.Beeneet Kothari is ready to shock the Sohn Hearts & Minds event.Beeneet Kothari is ready to shock the Sohn Hearts & Minds event.Beeneet Kothari is ready to shock the Sohn Hearts & Minds event.
October 29, 2024

Why this fundie wants you to ‘wince’ at his stock picks

When fund managers come to pitch their favourite stock at the annual Sohn Hearts & Minds conference, there are two ways they can go: they can play it safe, or they can take a risk and shock the room.

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October 27, 2024

IFM Investors’ Rikki Bannan backs small cap investments to rebound after mixed performance

IFM Investors executive director Rikki Bannan believes this year could be a good one to invest in some select small cap stocks.

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October 22, 2024

Meet the 2024 Conference Managers

Following a global search, the Conference Fund Manager Selection Committee is pleased to share eleven new managers for 2024.

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October 21, 2024

Chris Kourtis is on a winning streak. Here’s his next ASX pick

Chris Kourtis of Ellerston Capital thinks he’s found another winner and thinks it’s the last chance to have a bite at the cherry before the strategy plays out.

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Ellerston Capital portfolio manager Chris Kourtis. Picture: Britta CampionEllerston Capital portfolio manager Chris Kourtis. Picture: Britta CampionEllerston Capital portfolio manager Chris Kourtis. Picture: Britta CampionEllerston Capital portfolio manager Chris Kourtis. Picture: Britta Campion
October 21, 2024

Why Ellerston Capital’s Chris Kourtis plans to back a ‘hated’ stock

Chris Kourtis of Ellerston Capital plans to tip one of the “most hated” stocks in Australia when he presents at the 2024 Sohn Hearts & Minds Conference.

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 ‘We’re riding a wave which started (with) the first silicon chips,’ Alex Pollak says. Picture: Britta Campion ‘We’re riding a wave which started (with) the first silicon chips,’ Alex Pollak says. Picture: Britta Campion ‘We’re riding a wave which started (with) the first silicon chips,’ Alex Pollak says. Picture: Britta Campion ‘We’re riding a wave which started (with) the first silicon chips,’ Alex Pollak says. Picture: Britta Campion
October 14, 2024

Alex Pollak champions rewards of disruptive investment

Alex Pollak’s funds management company Loftus Peak rode the Nvidia wave and he is now looking at more opportunities in disruptive industry stocks.

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October 8, 2024

Sumit Gautam - Why AI won't deliver in 2025 | Scalar Gauge

Sumit Gautam is the Founder of Scalar Gauge and speaks with Equity Mates ahead of his appearance at the Sohn Hearts & Minds conference.

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September 30, 2024

Missed out on Nvidia and Ozempic? This fundie says it’s never too late

Northcape Capital’s Fleur Wright is still kicking herself for not owning market darlings Nvidia and Novo Nordisk, the maker of the weight loss wonder drug Ozempic, before shares of those companies rocketed in 2023.

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September 23, 2024

Scalar Gauge Fund founder Sumit Gautam cautious about over-hyped AI

Tech investor Sumit Gautam carefully avoids the word bubble when describing the investor frenzy surrounding the rise of artificial intelligence, but warns there are dangers of getting caught up in the hype.

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September 9, 2024

The Wellcome Trust’s Nick Moakes made a 100-year bet. It’s paying off

Chief Investment Officer, Nick Moakes raised almost $3 billion at ultra-low rates. Sometimes the long view can be the most profitable.

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Wellcome Trust chief investment officer Nicholas Moakes. Picture: Steven PocockWellcome Trust chief investment officer Nicholas Moakes. Picture: Steven PocockWellcome Trust chief investment officer Nicholas Moakes. Picture: Steven PocockWellcome Trust chief investment officer Nicholas Moakes. Picture: Steven Pocock
September 5, 2024

Honesty the only policy that matters, says Wellcome Trust’s Nicholas Moakes

The chief investment officer of the London-based $71bn Wellcome Trust, Nick Moakes, has a simple rule for the trust’s investment team: “Never invest with anyone who is or has been or should have been in prison.”

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September 5, 2024

Why Howard Marks says you’re making a big mistake

Howard Marks says investors must ignore manic depressive markets and focus on the bigger picture. Rates will be higher for longer and that will bring pain – and opportunity.

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July 21, 2024

Investors ‘comfortable’ about a Trump presidency, despite volatility

Economists and market experts say the outcome of the US presidential election has been largely priced in by investors as softening inflation helps to buoy sharemarkets both globally and locally.

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Qiao Ma, portfolio manager at Munro Partners, says the Nvidia rally is nowhere close to being over. Picture: Oscar ColmanQiao Ma, portfolio manager at Munro Partners, says the Nvidia rally is nowhere close to being over. Picture: Oscar ColmanQiao Ma, portfolio manager at Munro Partners, says the Nvidia rally is nowhere close to being over. Picture: Oscar ColmanQiao Ma, portfolio manager at Munro Partners, says the Nvidia rally is nowhere close to being over. Picture: Oscar Colman
May 28, 2024

The AI bulls are sticking to Nvidia despite 600pc share price rally

Nvidia’s quarterly earnings once again exceeded analysts’ expectations and Portfolio Manager, Qiao Ma of Munro Partners says the rise is “nowhere close to being over”.

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Munro Partners' Kieran Moore likes US Tex-Mex fast food operator Chipotle, and Meta. Picture: Elke MeitzelMunro Partners' Kieran Moore likes US Tex-Mex fast food operator Chipotle, and Meta. Picture: Elke MeitzelMunro Partners' Kieran Moore likes US Tex-Mex fast food operator Chipotle, and Meta. Picture: Elke MeitzelMunro Partners' Kieran Moore likes US Tex-Mex fast food operator Chipotle, and Meta. Picture: Elke Meitzel
February 15, 2024

Hedge fund Munro says Nvidia, Microsoft have more to run

Kieran Moore is portfolio manager of Munro Partners Global Growth Fund. The Melbourne-based hedge fund oversees $4.3 billion in assets.

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January 24, 2024

How To Master The Art Of Winning The Room

Jonathan Pease, the creative director behind the Sohn Hearts & Minds Conference and author of the book, Winning the Room, recently sat down for a chat with Mark Bouris on Straight Talk.

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2023’s winners: DigitalX’s Lisa Wade, Jason Orthman from Hyperion, Regal Partner’s Todd Guyot, and Cathie Wood of ARK Investment. 2023’s winners: DigitalX’s Lisa Wade, Jason Orthman from Hyperion, Regal Partner’s Todd Guyot, and Cathie Wood of ARK Investment. 2023’s winners: DigitalX’s Lisa Wade, Jason Orthman from Hyperion, Regal Partner’s Todd Guyot, and Cathie Wood of ARK Investment. 2023’s winners: DigitalX’s Lisa Wade, Jason Orthman from Hyperion, Regal Partner’s Todd Guyot, and Cathie Wood of ARK Investment. 
January 19, 2024

Best funds of 2023 stick with bitcoin, big tech bets

Some of the best performing funds of 2023 are holding firm on bitcoin and mega-cap tech stock picks that made them big money last year.

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November 19, 2023

Equity Mates review the stocks pitched at the Sohn Hearts & Minds Conference

Bryce and Ren of Equity Mates attended the Sohn Hearts & Minds Conference and reviewed the stocks pitched by our new 2023 Conference Fund Managers.

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Ark Invest CEO Cathie Wood remains as big-picture as ever. Picture: David RoweArk Invest CEO Cathie Wood remains as big-picture as ever. Picture: David RoweArk Invest CEO Cathie Wood remains as big-picture as ever. Picture: David RoweArk Invest CEO Cathie Wood remains as big-picture as ever. Picture: David Rowe
November 17, 2023

‘I Know It Sounds Crazy’: Cathie Wood’s Next Big Idea

Speaking from Ark’s headquarters in Florida ahead of her appearance at the Sohn Hearts & Minds Conference on Friday, Wood says she believes disinflation is now just around the corner in the US.

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ARK Invest founder Cathie Wood: It does appear that the SEC here in the United States is likely to approve a spot bitcoin ETF within the next few months.ARK Invest founder Cathie Wood: It does appear that the SEC here in the United States is likely to approve a spot bitcoin ETF within the next few months.ARK Invest founder Cathie Wood: It does appear that the SEC here in the United States is likely to approve a spot bitcoin ETF within the next few months.ARK Invest founder Cathie Wood: It does appear that the SEC here in the United States is likely to approve a spot bitcoin ETF within the next few months.
November 17, 2023

ARK Founder Wood Backs Bitcoin, Banking On Spot ETF Approval

Tech investment guru Cathie Wood is still a big believer in bitcoin, so it was fitting that she chose Grayscale Bitcoin Trust as her stock pick for the 2023 Sohn Hearts & Minds Investment Leaders Conference.

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IFM Investors small cap specialist Rikki Bannan addresses the Sohn Hearts & Minds Investment Leaders Conference at Sydney Opera House. Picture: Renee NowytargerIFM Investors small cap specialist Rikki Bannan addresses the Sohn Hearts & Minds Investment Leaders Conference at Sydney Opera House. Picture: Renee NowytargerIFM Investors small cap specialist Rikki Bannan addresses the Sohn Hearts & Minds Investment Leaders Conference at Sydney Opera House. Picture: Renee NowytargerIFM Investors small cap specialist Rikki Bannan addresses the Sohn Hearts & Minds Investment Leaders Conference at Sydney Opera House. Picture: Renee Nowytarger
November 17, 2023

Hot Stocks To Ride The Next Healthcare Trends

Healthcare stocks – from sleep apnoea giant ResMed, to cancer diagnostic biotech Telix Pharmaceuticals – were recommended at the Sohn Hearts & Minds Investment Leaders Conference on Friday.

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November 17, 2023

How Daniel Loeb, The Real Bobby Axelrod, Made His Wall Street Billions

When Damian Lewis, the actor who plays the ruthless hedge fund boss in the drama series Billions was looking for inspiration, he sat down with Daniel Loeb.

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November 17, 2023

The 12 Hottest Stock Tips From This Year’s Sohn Experts

It might be time to look beyond big names. That was the message from top fund managers, company founders and super funds at the Sohn Hearts & Minds.

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Azora Capital founder Ravi Chopra. Picture: Renee NowytargerAzora Capital founder Ravi Chopra. Picture: Renee NowytargerAzora Capital founder Ravi Chopra. Picture: Renee NowytargerAzora Capital founder Ravi Chopra. Picture: Renee Nowytarger
November 17, 2023

Webster Financial ‘Avoided The Mistakes Of US Bank Failures’

The US financial sector is not without its problems but Ravi Chopra backs Webster Financial Corporation as his stock pick for the 2023 Sohn Hearts & Minds Investment Leaders Conference.

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November 17, 2023

Why Stock Picker Cathie Wood Of ARK Can’t Stand Google

The world’s highest-profile tech investor, Cathie Wood, might be bruised but she is certainly bullish. Nor is she holding back.

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Munro Partners partner and portfolio manager Kieran Moore at the Sohn Hearts & Minds conference in Sydney. Picture: Renee NowytargerMunro Partners partner and portfolio manager Kieran Moore at the Sohn Hearts & Minds conference in Sydney. Picture: Renee NowytargerMunro Partners partner and portfolio manager Kieran Moore at the Sohn Hearts & Minds conference in Sydney. Picture: Renee NowytargerMunro Partners partner and portfolio manager Kieran Moore at the Sohn Hearts & Minds conference in Sydney. Picture: Renee Nowytarger
November 17, 2023

Wise Share Price Could Rise 50pc By 2025, Says Munro Partners

Global growth fund manager Munro has about $4.3bn in funds under management across four global funds, and usually invests in companies that are poised to win from massive structural change.

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Martin Hughes founder of UK-based Toscafund. Picture: Elke MeitzelMartin Hughes founder of UK-based Toscafund. Picture: Elke MeitzelMartin Hughes founder of UK-based Toscafund. Picture: Elke MeitzelMartin Hughes founder of UK-based Toscafund. Picture: Elke Meitzel
November 16, 2023

Hedge Fund Veteran Talks Lowest Moment In Toscafund’s 23-Year Run

Most hedge fund managers brag about their wins and shy away from their losses – Martin Hughes is not most hedge fund managers.

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November 16, 2023

The ‘Armageddon Scenario’ Worrying The Future Fund CIO

Mr Samild shared his thoughts on the bond market – which underpins the returns of other assets – ahead of his appearance at Friday’s Sohn Hearts & Minds charity conference at the Sydney Opera House.

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Daniel MacArthur with Melbourne scientist and assistant professor Misty Jenkins. Both will be speaking at the Sohn Hearts & Minds conference in Sydney.Daniel MacArthur with Melbourne scientist and assistant professor Misty Jenkins. Both will be speaking at the Sohn Hearts & Minds conference in Sydney.Daniel MacArthur with Melbourne scientist and assistant professor Misty Jenkins. Both will be speaking at the Sohn Hearts & Minds conference in Sydney.Daniel MacArthur with Melbourne scientist and assistant professor Misty Jenkins. Both will be speaking at the Sohn Hearts & Minds conference in Sydney.
November 15, 2023

Advancing Medicine Is In Daniel MacArthur’s DNA

When genomic scientist Daniel MacArthur had the opportunity to set up a new Centre for Population Genomics in Australia in 2019, he jumped at the chance to return home after 12 years living overseas.

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November 15, 2023

Ashish Swarup - Invest In Snacks, Let's Get That Bread | Aikya Investment Management

Ashish Swarup, Portfolio Manager and Investment Analyst of Aikya Investment Management joins Bryce and Ren to discuss emerging markets, and two stock deep dives.

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Surging interest rates have delivered new investment opportunities for Wall Street hedge fund Third Point. Picture: Getty Images/AFPSurging interest rates have delivered new investment opportunities for Wall Street hedge fund Third Point. Picture: Getty Images/AFPSurging interest rates have delivered new investment opportunities for Wall Street hedge fund Third Point. Picture: Getty Images/AFPSurging interest rates have delivered new investment opportunities for Wall Street hedge fund Third Point. Picture: Getty Images/AFP
November 15, 2023

Daniel Loeb’s Wall St Hedge Fund Third Point Raises Bets On Corporate Credit Crunch

An “obsession” around balance sheet strength and debt is creating a new wave of investment bets for the influential Wall Street hedge fund run by Daniel Loeb.

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November 13, 2023

Bond Bullish On Commodity Stocks, Uranium

Mining stocks are poised to rise amid tight supply for key commodities such as copper, nickel and uranium, says Terra Capital founder Jeremy Bond.

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November 13, 2023

This Hedge Fund Manager Is Making A 100-Year Bet On Luxury

European leisure and luxury – a designer handbag, a last-minute flight to Monte Carlo, a stay in a five-star hotel – is where many choose to spend their hard-earned cash. For Sharif el Khazen, it’s where he makes it.

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Munro partner and portfolio manager Kieran Moore says Nvidia will be critical in the expansion of accelerated computing. Picture: NCANewswire / Nicki ConnollyMunro partner and portfolio manager Kieran Moore says Nvidia will be critical in the expansion of accelerated computing. Picture: NCANewswire / Nicki ConnollyMunro partner and portfolio manager Kieran Moore says Nvidia will be critical in the expansion of accelerated computing. Picture: NCANewswire / Nicki ConnollyMunro partner and portfolio manager Kieran Moore says Nvidia will be critical in the expansion of accelerated computing. Picture: NCANewswire / Nicki Connolly
November 12, 2023

How Munro Will Pick Its Next Stock Winner

Munro partner and portfolio manager Kieran Moore must select a single company to pitch to an audience of industry heavyweights at the prestigious Sohn Hearts & Minds conference in Sydney.

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Ray Dalio last month. His hedge fund has been under heightened scrutiny with the release of a tell-all book. Picture: BloombergRay Dalio last month. His hedge fund has been under heightened scrutiny with the release of a tell-all book. Picture: BloombergRay Dalio last month. His hedge fund has been under heightened scrutiny with the release of a tell-all book. Picture: BloombergRay Dalio last month. His hedge fund has been under heightened scrutiny with the release of a tell-all book. Picture: Bloomberg
November 12, 2023

The Australian At The Centre Of Dalio’s Bridgewater – Who Loves It

The culture at Ray Dalio’s massive hedge fund has been a source of intrigue, and with a new book, controversy. Atul Lele says it’s made him a better investor.

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Sheila Patel has had an extraordinary career across Goldman Sachs and now the VC sector. Picture: Dominic LorrimerSheila Patel has had an extraordinary career across Goldman Sachs and now the VC sector. Picture: Dominic LorrimerSheila Patel has had an extraordinary career across Goldman Sachs and now the VC sector. Picture: Dominic LorrimerSheila Patel has had an extraordinary career across Goldman Sachs and now the VC sector. Picture: Dominic Lorrimer
November 10, 2023

Meet The Goldman Sachs Legend Shaking Up Venture Capital

Sheila Patel says it was time for the venture capital sector to “grow up” and higher rates will help do that job. VC firms need to think differently about how they invest.

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November 8, 2023

Tom Naughton - There's Money In Mi Goreng | Prusik Investment

Tom Naughton is Managing Partner and CIO at Prusik Investment. In this episode, he chats to Equity Mates ahead of his appearance at the 2023 Sohn Hearts and Minds Conference.

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November 6, 2023

Why Chris Kourtis just bought CSL and ResMed

A true contrarian investor, Chris Kourtis can find himself sounding a lot like a bull when in the company of bears, and there’s a lot to be bearish about at the moment.

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Jun Bei Liu being coached by Jonathan Pease. Picture: Renee Nowytarger.Jun Bei Liu being coached by Jonathan Pease. Picture: Renee Nowytarger.Jun Bei Liu being coached by Jonathan Pease. Picture: Renee Nowytarger.Jun Bei Liu being coached by Jonathan Pease. Picture: Renee Nowytarger.
November 5, 2023

Five Secrets To Delivering The Perfect Pitch

Australia’s best stock pickers have just eight minutes to convince the country’s top money managers they have found an investment gem that the market has overlooked.

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Picture: Solomon Lew & David ParadicePicture: Solomon Lew & David ParadicePicture: Solomon Lew & David ParadicePicture: Solomon Lew & David Paradice
November 3, 2023

Paradice and Lew on their love of medical research – and Greece

Solomon Lew, the billionaire retailer, has known David Paradice, the high-profile fund managers, for years. Beyond investing, they share a common interest in medical research – and holidaying in Greece.

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November 2, 2023

Meet the 2023 Conference Managers

Following a rigorous global search, the Conference Fund Manager Selection Committee is pleased to share ten new managers for 2023.

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Daniel Loeb oversees $US11.7 billion ($18.5 billion) at New York-based Third Point. Picture: BloombergDaniel Loeb oversees $US11.7 billion ($18.5 billion) at New York-based Third Point. Picture: BloombergDaniel Loeb oversees $US11.7 billion ($18.5 billion) at New York-based Third Point. Picture: BloombergDaniel Loeb oversees $US11.7 billion ($18.5 billion) at New York-based Third Point. Picture: Bloomberg
October 23, 2023

Dan Loeb to headline Sohn Hearts & Minds

Famed hedge fund manager Dan Loeb has been named as one of the headline acts for next month’s Sohn Hearts & Minds philanthropic investment conference to be held in Sydney.

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Ravi Chopra's Azora Capital had its best month in March when it shorted the US banks that failed. Picture: Jaclyn LichtRavi Chopra's Azora Capital had its best month in March when it shorted the US banks that failed. Picture: Jaclyn LichtRavi Chopra's Azora Capital had its best month in March when it shorted the US banks that failed. Picture: Jaclyn LichtRavi Chopra's Azora Capital had its best month in March when it shorted the US banks that failed. Picture: Jaclyn Licht
October 23, 2023

US Bank Run Has Slowed To A Walk, But Instability Remains

When Ravi Chopra reveals his stock pick at the prestigious Sohn Hearts & Minds conference at the Opera House in Sydney next month, it could well be a short bet on a US bank.

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October 18, 2023

Two small caps: Propel Funeral Services (ASX: PFP) and Clarity Pharmaceuticals (ASX: CU6)

Get to know our 2023 Conference Fund Manager Rikki Bannan of IFM Investors who recently featured on the Equity Mates Media podcast.

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October 16, 2023

How this hedge fund pulled off 2023’s ‘big short’

Last year, Ravi Chopra was travelling through Europe to shop his latest short idea to potential investors. “Financials are really all in the weeds,” he told The Australian Financial Review in an interview from New York.

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IFM Investors executive director Rikki Bannan is a keen follower of stocks in the healthcare sector, but she knows it can be a risky place to invest.IFM Investors executive director Rikki Bannan is a keen follower of stocks in the healthcare sector, but she knows it can be a risky place to invest.IFM Investors executive director Rikki Bannan is a keen follower of stocks in the healthcare sector, but she knows it can be a risky place to invest.IFM Investors executive director Rikki Bannan is a keen follower of stocks in the healthcare sector, but she knows it can be a risky place to invest.
October 10, 2023

Beware the pitfalls of investing in healthcare, says IFM boss

“Healthcare is often viewed as a stable, defensive sector to invest in, but in small caps that hasn’t necessarily proven to be the case,” she says in an interview ahead of her appearance at the Sohn Hearts & Minds Conference 2023.

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October 6, 2023

Secret to a long life cheaper than you think celebrity physician Peter Attia reveals

Don't miss Dr Peter Attia who will speak at the Sohn Hearts & Minds Conference at the Sydney Opera House next month.

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Angela Aldrich of Bayberry Capital Partners in New York. Picture: Jaclyn Licht.Angela Aldrich of Bayberry Capital Partners in New York. Picture: Jaclyn Licht.Angela Aldrich of Bayberry Capital Partners in New York. Picture: Jaclyn Licht.Angela Aldrich of Bayberry Capital Partners in New York. Picture: Jaclyn Licht.
September 18, 2023

‘Volatility is opportunity’: why this manager loves shorting stocks

Angela Aldrich of Bayberry Capital Partners LP bet against Treasury Wine Estates at the top of the market and now she's preparing to make her next big call at this year's Sohn Hearts & Minds Conference.

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September 15, 2023

Top fund managers share 11 stock picks for the long term

After a dramatic earnings season, fund managers, including Jessica Farr-Jones of Regal Funds and Kieran Moore of Munro Partners (HM1 Core Fund Managers), have shared some of their top picks for long-term growth.

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September 11, 2023

Investors Sweeten On Hedge Funds As Rates Climb

After a decade of easy money pushing equity markets in one direction, Wall Street hedge fund manager Ricky Sandler says the return of volatility and higher interest rates is seeing money return to long-short strategies.

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Eminence Capital CEO Ricky Sandler, left, with Sohn Australia co-founder Matthew Grounds. Picture: John FederEminence Capital CEO Ricky Sandler, left, with Sohn Australia co-founder Matthew Grounds. Picture: John FederEminence Capital CEO Ricky Sandler, left, with Sohn Australia co-founder Matthew Grounds. Picture: John FederEminence Capital CEO Ricky Sandler, left, with Sohn Australia co-founder Matthew Grounds. Picture: John Feder
September 11, 2023

Stock Stars Look Under The Surface

Influential New York-hedge fund manager Ricky Sandler returns to Australia to make a new pick at this year’s Sohn Hearts & Minds conference that will be held at the Sydney Opera House on November 17.

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Barrenjoey co-executive chairman Matthew Grounds and New York-based Eminence Capital fund manager Ricky Sandler will be at the eighth Sohn Hearts & Minds conference. Picture: Peter RaeBarrenjoey co-executive chairman Matthew Grounds and New York-based Eminence Capital fund manager Ricky Sandler will be at the eighth Sohn Hearts & Minds conference. Picture: Peter RaeBarrenjoey co-executive chairman Matthew Grounds and New York-based Eminence Capital fund manager Ricky Sandler will be at the eighth Sohn Hearts & Minds conference. Picture: Peter RaeBarrenjoey co-executive chairman Matthew Grounds and New York-based Eminence Capital fund manager Ricky Sandler will be at the eighth Sohn Hearts & Minds conference. Picture: Peter Rae
September 11, 2023

Top Ny Stock Picker Warns Inflation To Remain Above Pre-Covid Levels

Influential New York hedge fund manager Ricky Sandler of Eminence Capital returns for the 2023 Sohn Hearts & Minds Conference in Sydney and says no one is focused on picking interesting, idiosyncratic stocks.

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August 4, 2023

New Relic

New Relic was pitched by Ricky Sandler of Eminence Capital at the 2022 Sohn Hearts & Minds Conference.

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June 18, 2023

Investors can’t agree how to value the world’s hottest stock

Despite mixed investor opinions, Munro Partners (Core Fund Manager) remains a strong believer in Nvidia. They are standing firm in their investment and still consider it a solid buy.

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June 8, 2023

Stock pickers bet the field in slowing domestic market

Fund managers have batted away fears of an inflation-led recession, with Qantas, Seven Group and Treasury Wines named among the best investments by Australia’s top stock pickers.

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March 27, 2023

The imaginary nepotism that drives Carsales global growth

The long-term approach of Carsales (2022 Conference stock pick) and its CEO Cameron McIntyre has delivered big gains for investors. He reveals his secret to staying strategic.

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March 12, 2023

Jun Bei Liu is not giving up on the China reopening theme

Tribeca’s Jun Bei Liu says China’s reopening is only getting started, and names five ASX stocks set to benefit.

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January 18, 2023

Claremont Global: Investment Case for Nike

Equity Mates are joined by Head of Claremont Global Bob Desmond to discuss his 2022 conference pick, Nike. In the episode Bob unpacks the key metrics, the bull case and the bear case for Nike.

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January 5, 2023

Why Transurban will always be one step ahead of inflation

Loathed by motorists, but loved by investors. Transurban came under focus when Catherine Allfrey nominated the roads operator as her top pick at the recent Sohn Hearts & Minds Conference.

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November 18, 2022

Behind the mega-themes shaping top stockpickers

These are the mega-themes the smartest minds in the market are now firmly getting behind which they believe can help them deliver outsized profits.

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November 18, 2022

Don’t rush to invest yet, fund manager tells Sohn event

Fund manager turned anti-corruption campaigner Bill Browder is advising investors to hang on to their cash until central banks stop raising interest rates and the cost of living starts to come down.

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November 18, 2022

Fund managers go global for top Sohn conference stock picks over Aussie companies

SH&M had before Friday’s event made more than $40m in collective donations to medical research.

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November 18, 2022

Fundies and billionaires party in Hobart

Two hundred of Australia’s best and brightest money managers, bankers and entrepreneurs toasted the seventh Sohn Hearts and Minds conference at David Walsh’s MONA.

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November 18, 2022

Hearts racing: Rich listers rendezvous for speed-dating style stock picking

A room filled with 700 of the country’s financial luminaries and billionaires is a difficult place to pitch an investment idea but it’s a great place to raise money for charity.

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November 18, 2022

How MONA’s David Walsh shocked our top stock pickers

Professional gambler and arts impresario David Walsh had a brutal message for successful top money managers – you may just be lucky.

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November 18, 2022

Why Sohn’s top stock pickers want investors to play it safe

Top global money managers are telling investors to steer clear of companies that don’t make money and invest instead in unloved but profitable businesses.

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November 17, 2022

Five years on, what are the best Sohn stock picks to date?

Some of the top fund managers in the country will on Friday pitch their best investment ideas to the Sohn Hearts & Minds conference.

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November 17, 2022

Low debt counts for everything, says Perpetual’s Aboud

Perpetual’s top stock picker Anthony Aboud makes his money running against the crowd and this is why property trusts like Charter Hall are sitting right the top his list right now.

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November 17, 2022

Perpetual’s Aboud says bet on balance sheets in turbulent markets

Perpetual’s Anthony Aboud says companies with strong balance sheets will finally be rewarded for their discipline in a time of global market upheaval.

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November 16, 2022

How Gerry Cardinale of RedBird Capital tries to double his money investing in sport

The owner of AC Milan and a host of other soccer, cricket, baseball and ice hockey assets is trying to double his money in the ‘resilient’ asset class.

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November 14, 2022

Think outside the box for green investment opportunities

James Miller, Portfolio Manager at Firetrail Investments, believes investors need to stop seeing the global decarbonisation push as a risk – and start seeing it as an opportunity.

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November 14, 2022

Tim Carleton is backing the Aussie dream all the way

Carleton’s conviction will be on full display on Friday when he makes his third appearance at the Sohn Hearts & Minds Conference, where stock-pickers share their best ideas in the name of medical research.

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November 10, 2022

Why this fundie is betting on luxury as recession fears mount

Bob Desmond is Head of Claremont Global and Co-Portfolio Manager. He will present at the Sohn Hearts & Minds Investment Leaders Conference in Tasmania on November 18.

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November 7, 2022

This fundie couldn’t be happier with her portfolio

Joyce Meng is a presenter at this year’s Sohn Hearts & Minds Investment Leaders Conference on November 18, which takes place in Hobart and aims to raise money for medical research.

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November 2, 2022

Equity Mates: Ricky Sandler, Eminence Capital

Founder, CIO and CEO of Eminence Capital Ricky Sandler talks about launching the $5.7bn asset manager, changing market structures and why he's participating in the SH&M conference.

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November 1, 2022

Auscap Asset Management founder sticks to a winning formula

When Auscap Asset Management founder Tim Carleton tips a stock at the Sohn Hearts & Minds conference in Hobart, he doubts it will be a name that shocks investors.

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October 31, 2022

Markets to enter ‘new phase’ with hidden risks lurking, says top stock picker Peter Cooper

One of Australia's most influential fund managers warns that investment markets have entered a “new phase” that is set to test the ­financial system.

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October 30, 2022

Why this fundie is betting big on two losing companies

Speaking to the AFR before the SH&M conference, Sandler named global on-demand ride-sharing and food delivery service Uber Technologies among his top picks, alongside real estate marketplace Zillow.

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October 27, 2022

Why this fundie is calling the peak for CBA shares

Jun Bei Liu is the lead Portfolio Manager at Tribeca Alpha Plus Fund and is set to present an investment idea at the Sohn Hearts & Minds Conference in Hobart on November 18.

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October 24, 2022

‘Forget forecasts – focus on quality’, says Claremont Global chief Bob Desmond

Bob Desmond is making his first appearance at the 2022 Sohn Hearts & Minds Conference.

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December 10, 2024

Professor Jane Butler: Sparking Hope for Spinal Cord Injuries

In this episode of the Hearts & Minds Podcast, we sit down with Professor Jane Butler to discuss her groundbreaking research into spinal cord injuries.

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impact-podcasts
September 24, 2024

Asian Market Potential with Tom Naughton of Prusik

CIO Charlie Lanchester sits down with Tom Naughton, CIO of Prusik Investment Mgmt. Tom shares his investment philosophy, the opportunities and challenges in Asian markets, and how his 2023 conference stock pick, Swire Pacific (0019.HK), delivered an impressive 30% return.

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investing
September 4, 2024

Building Hearts and Minds with Co-Founders Matthew Grounds and Guy Fowler

In this episode, co-founders Matthew Grounds AM and Guy Fowler OAM discuss their journey in building Hearts & Minds and its philanthropic model that has donated over $70 million to medical research.

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investing
June 25, 2024

Navigating the Resource Sector with Jeremy Bond of Terra Capital

In this episode, we chat with Jeremy Bond, Founder of Terra Capital and HM1 Conference Fund Manager. Tune in for insights into the world of resource investments and the exciting opportunities that lie ahead.

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investing
June 11, 2024

Prof. Nadia Badawi on Cerebral Palsy Breakthroughs and Neonatal Care

Dive deep into the groundbreaking work of Professor Nadia Badawi, an internationally recognised neonatologist and expert in Cerebral Palsy.

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impact-podcasts
May 28, 2024

Investment Insights: Rikki Bannan on Top Picks and Trends

Join us for an engaging episode featuring Rikki Bannan, Portfolio Manager of IFM Investors and HM1 Conference Fund Manager. This episode explores Rikki's career journey, investment strategies, and her 2023 conference stock pick, Telix Pharmaceuticals (ASX.TLX).

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investing
December 6, 2023

Peter Cooper talks building and instilling a culture of humility and excellence

In this episode, our guest is the renowned investor, Peter Cooper, founder and Chief Investment Officer of Cooper Investors (Core Fund Manager). A founding supporter of Hearts and Minds, Peter is a staunch advocate of our model and its philanthropic purpose, actively engaging in every facet of Hearts and Minds.

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investing
November 28, 2023

Jun Bei Liu on her high conviction investment strategy

In this episode, HM1 Chief Investment Officer Charlie Lanchester is joined by Jun Bei Liu. Jun Bei is the Portfolio Manager of Tribeca’s Alpha Plus Fund and since taking over managing the Fund, she has quadrupled AUM.

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investing
November 21, 2023

The world of rare genetic disease research

In this episode, we speak to Associate Professor Gina Ravenscroft. Gina is an Associate Professor in Neurogenetics at the Harry Perkins Institute of Medical Research in Perth. Her research interests are in rare genetic diseases, with a particular focus on neurogenetic diseases in babies and children.

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impact-podcasts
November 14, 2023

Learn what makes a high conviction investment and how to avoid short-term noise

In this episode, our Core Fund Manager Magellan shares how they select top stocks for the HM1 portfolio.

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investing
November 7, 2023

Delve into the world of kids critical care and trauma research

In thie episode, we are joined by Dr. Marino Festa, or Rino for short. He is the Medical Director of NSW Kids ECMO Referral Service and a senior specialist in Paediatric Intensive Care at Children’s Hospital at Westmead.

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impact-podcasts
October 31, 2023

Where Regal's Phil King is searching for opportunities

HM1's CIO, Charlie Lanchester, talks to Phil King of Regal Funds about his passion for stocks, his ongoing search for opportunities, and some of the sectors he’s excited by right now. Phil King of Regal Funds, has been a tremendous supporter of Hearts & Minds since the beginning.

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investing
October 24, 2023

Preventing recurrent miscarriages and birth defects

In this episode, CEO Paul Rayson is joined by renowned biomedical researcher Professor Sally Dunwoodie. Prof. Dunwoodie's groundbreaking work has revolutionised clinical practices and enabled genetic diagnostic tests worldwide. In 2017, her team achieved a double breakthrough with the potential to prevent recurrent miscarriages and various birth defects.

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impact-podcasts
October 17, 2023

Nick Griffin on how he finds global winners

In this episode, CIO Charlie Lanchester chats with Nick Griffin, the founding partner and CIO of Munro Partners, one of HM1's Core Fund Managers. They go over his career to date, reflect on the lessons he’s learned, and trace the decisions that led to him starting Munro.

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investing
October 10, 2023

How A/Prof Matt Call is teaching our body to kill cancer

In this episode, CEO Paul Rayson is joined by WEHI’s Associate Professor Matt Call to talk about his incredible research. Matt’s team teaches and trains the body's own immune cells to target and kill cancer cells.

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impact-podcasts
October 3, 2023

Understanding the 4 pillar framework underpinning a high conviction strategy

Listen to episode one with Chief Investment Officer Charlie Lanchester and TDM Growth Partners Investment Team Members Ed Cowan and Fraser Christie. They share their unique investment philosophies and delve into two high conviction stocks recommended for the HM1 portfolio.

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investing
October 3, 2023

Understanding the 4 pillar framework underpinning a high conviction strategy

Listen to episode one with Chief Investment Officer Charlie Lanchester and TDM Growth Partners Investment Team Members Ed Cowan and Fraser Christie. They share their unique investment philosophies and delve into two high conviction stocks recommended for the HM1 portfolio.

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investing