Praemium Investment Leaders

Damian Cilmi is joined by Dr. John Seo, a trailblazer in the Catastrophe Bond market and co-founder of Fermat, as they discuss the fundamentals of catastrophe bonds, their typical maturities, the types of natural disasters they cover, and the returns they offer. Dr. Seo provides insight into the roles insurance and reinsurance companies, as well as government agencies, play in issuing these bonds.They discuss the market's evolution into a $100 billion industry which is characterised by liquidity, transparency, and non-leveraged investments. Learn how these bonds are tracked and valued, and understand their primary and secondary liquidity dynamics.Damian and Dr. Seo delve into the growing appeal of catastrophe bonds, especially in the face of rising reinsurance costs and increasing natural disasters in urban areas. Dr. Seo discusses the critical intersection of population growth, urban density, and significant financial stakes for insurers. The conversation also addresses inflation and interest rates' impact, driving demand for catastrophe coverage and diversification opportunities in investment portfolios.Praemium Limited is the issuer of the Investment Leaders and Advice Leaders podcasts. These podcasts are for information purposes only and aren't tailored to individual financial situations and do not contain financial advice. Views expressed by presenters may not align with Praemium's and nothing in this podcast should be seen as an endorsement or recommendation of the product or strategy. For more information about Praemium, including our disclosure documents, please visit our website. We recommend that individuals seek professional financial advice before taking action.

Praemium's Damian Cilmi is joined by LaSalle Investment Management's Managing Director Matt Sgrizzi for a discussion on  the 'Great Tightening Cycle.' In this episode Matt sheds light on how the legacy of financial stress in real estate has historically unfolded into rewarding opportunities, particularly within the robust world of real estate investment. The conversations turns to the future of office leasing, the booming data centre sector, and the shift in retail real estate towards e-commerce. Matt's insights give a comprehensive picture of a sector undergoing fundamental change, where savvy investors can benefit from high yield income whilst protecting against inflation. TRANSCRIPTDamian Cilmi: Hi listeners, welcome to another installment of the Premium Investment Leaders Series podcast. I'm your host, Damian Cilmi, Head of Investment Managers at Premium. We try and move around all the major asset classes and bring you insights from the world's leading investors. And today we are back to discuss global property.We've done a few episodes in the past, looking at structural changes to retail and the impact of work from home on offices. And it's been quite a wild ride for real estate investors with the asset class dragged down by interest rate increases in 22, only to see a rally late in 23 when it appeared rates had peaked.We're now at an interesting inflection point, and we're really pleased to be joined today by Matt Sgrizzi, CIO and lead global portfolio manager of LaSalle Securities, who's joined us from their head office in Baltimore. Matt, welcome to the showMatt Sgrizzi: Great to be here, Damian. Thank you for having me. Damian Cilmi: Hopefully it's been very nice to you.Matt Sgrizzi: It has been, as usual. Damian Cilmi: Oh, very good. And the weather's been nice, which is good. I appreciate that. It's good. And so, before we get into the interview, we'll talk about LaSalle. There's a large manager of real estate portfolios, over 900 staff and manage over U. S. 90 billion.But just an introductory question, how does your team fit within the overall Jones Lang LaSalle business? Matt Sgrizzi: Yeah, so LaSalle Investment Management is the wholly owned investment management arm of JLL. So, all of the investment management services are within LaSalle. And that is the 900 staff globally.The majority of that business is investing in and managing real estate, private equity. And then there are other businesses within LaSalle that invest in debt origination and indirect investments in, in real estate. And indirect means that we're not only investing in a portfolio of real estate assets, but also a third-party manager of those assets.So co investments, private funds, and listed securities. And I work on the indirect, which is the unlisted funds and the public companies investing in those real estate assets. And then you've got the big group as well that, you know, does a lot of broken real estate services while they get a lot of insights out of that group.Absolutely. So JLL you know, absolutely enormous global real estate service provider. Anything that you could think about with real estate, JLL will be happy to help you with that that problem that you might have and indeed, we, we reaPraemium Limited is the issuer of the Investment Leaders and Advice Leaders podcasts. These podcasts are for information purposes only and aren't tailored to individual financial situations and do not contain financial advice. Views expressed by presenters may not align with Praemium's and nothing in this podcast should be seen as an endorsement or recommendation of the product or strategy. For more information about Praemium, including our disclosure documents, please visit our website. We recommend that individuals seek professional financial advice before taking action.

Unlock the potential of corporate credit investments as we join forces with Samantha from Ares Credit Group in a fascinating conversation that promises to shift your perspective on personal finance. We're not just talking government bonds here – imagine a portfolio enhanced with liquid credit instruments like leveraged loans, high yield bonds, and CLOs. These aren't your average investment vehicles; they're the financial world's high-performance sports cars, offering the thrill of significant yields and the stability of shorter durations to help you navigate market volatility with ease. Samantha brings her heavyweight expertise to the table, demonstrating the power of scale in credit investments and how Ares' sophisticated platform can lead to superior market intelligence and recovery optimization when defaults occur.Praemium Limited is the issuer of the Investment Leaders and Advice Leaders podcasts. These podcasts are for information purposes only and aren't tailored to individual financial situations and do not contain financial advice. Views expressed by presenters may not align with Praemium's and nothing in this podcast should be seen as an endorsement or recommendation of the product or strategy. For more information about Praemium, including our disclosure documents, please visit our website. We recommend that individuals seek professional financial advice before taking action.

Discover how to navigate the dynamic private equity landscape and unlock the secrets of sophisticated investment strategies with our guest, Jose Luis Gonzalez Pastor, Managing Director at Neuburger Berman. In an era where market uncertainties loom large, we dissect private equity's resilience and its growing allure to investors, from high-net-worth individuals to retail investors seeking portfolio diversification. Venture further into the world of private equity with us as we break down the evolving practices of co-underwriting and co-investing—a game-changing shift for capital investment. With Jose Luis at the helm, we examine the burgeoning 'midlife' investment category, its potential for turbocharging company growth, and the innovative solutions for overcoming liquidity hurdles. As private equity valuations and market conditions fluctuate, we provide a candid look at the valuation process, fair value assessments, and strategies for navigating the choppier waters of distributions and exits that lie ahead. Tune in for a masterclass in the art of private equity from one of the industry's esteemed leaders.Praemium Limited is the issuer of the Investment Leaders and Advice Leaders podcasts. These podcasts are for information purposes only and aren't tailored to individual financial situations and do not contain financial advice. Views expressed by presenters may not align with Praemium's and nothing in this podcast should be seen as an endorsement or recommendation of the product or strategy. For more information about Praemium, including our disclosure documents, please visit our website. We recommend that individuals seek professional financial advice before taking action.

Bond-market veteran Charlie Jamieson returns to share his insights on today's radically transformed fixed income sphere. We first had Charlie on the show in 2020, but since there have been seismic economic shifts, from inflation's ascent to the impact of swift rate hikes, Charlie dissects the complex factors influencing markets. Despite volatily, higher yields signaling fresh opportunities, his forward-focused analysis equips advisers to navigate uncertainty. Gain an expert perspective on surging volatility, understand the yield/rate interplay, and explore developments dramatically reshaping the investment landscape. 

In this episode, we delve into the ever-changing landscape of Managed Accounts.  Our guest, Mike Martel from State Street Global Advisors, brings over three decades of experience in the investment management field to provide expert insights. This episode is a window into the past and future of investment, offering valuable perspectives for both the U.S. and Australian markets.Join us as we explore the trend of blending active and passive strategies within SMAs, how it originated, and the valuable insights Australian advisers can gain from this approach. We also examine the shift towards personalized investment strategies, driven by technology, and the challenges and opportunities Australian advisers may encounter. Stay informed with the highlights from State Street's latest research and gain a glimpse into the future as we consider the unique Australian market dynamics and emerging trends. 

What does it take to invest in the stocks that no one else wants? For Suhas Nayak, separating fact from opinion is key to finding value where the market sees none. Suhas Nayak is a portfolio manager at Allan Gray, an entirely contrarian fund manager that seeks to find diamonds in the rough in places other buyers aren't willing to go.  Join host Damian Cilmi as he and Suhas discuss how Allan Gray's team of STEM qualified stock pickers stay focussed on long term objectives, the diversification benefits of defying the herd, and where opportunities exist in the Australian market today. 

In this re-release of our most downloaded episode, Praemium's Damian Cilmi speaks with Steve Jarrott, portfolio manager with Warakirri Asset Management, about agriculture as an asset class and the unique position of Australian agriculture against the backdrop of rising inflation, shifting global economies, and climate change. Steve speaks about the development of an agriculture REIT and agriculture investment as a key component of a diversified portfolio.

In this episode of Praemium's Investment Leaders Podcast Series, Damian Cilmi and Samuel Mann of Longreach Alternatives spotlight the investment potential of royalties across sectors like music, pharma, fishing, and resources. Mann leverages his expertise with the Longreach's PG3 Royalties Opportunities Fund to show how these assets can diversify portfolios and stabilise returns. It's a must-listen for financial advisers ready to broaden their investment knowledge.

In this episode, originally featured on the ifa show podcast, Praemium's Chief Strategy Officer, Denis Orrock, dives into the evolution of wealth management and administration platforms. Denis discusses the Quality of Advice Review (QAR) and its potential impact on superfunds transitioning to advice-style models. He explores the balance between AI-generated advice and personal consultation and emphasises the importance of effective data integration within platforms. Tune in to learn how platforms like Praemium can adapt to changing advice landscapes and use technology to enhance the delivery of advice.

In the latest episode of our podcast, we assemble an exceptional panel of fund managers: Tim Toohey from Yarra Capital Management, Blake Henricks from Firetrail, and John Mulquiney from Lazard. They offer their expert insights into the key market drivers for the upcoming financial year – demographics, energy transition, and macroeconomic trends. Designed to deliver insights financial advisers can use in their end of year client meetings, this episode is a compact guide to the factors steering tomorrow's markets. 

Delving into the compelling domain of sustainable investing, Praemium's insightful podcast episode presents a vibrant dialogue on ESG investing, extracted from our recent in-depth webinar. The conversation is steered by Damian Cilmi, Praemium's Head of Investment Managers and Governance, and he's joined by a distinguished panel: Xuan Sheng Ou Yong from BNP Paribas Asset Management, Xinting Jia from State Street Global Advisors, and Will Baylis from Martin Currie.Our panelists demystify ESG investing, sharing unique insights on portfolio diversification, avoiding greenwashing, tackling performance hurdles, and deciphering impact measurement. With practical tips and real-world examples from industry leaders, you'll walk away with a deeper understanding of how to build a resilient ESG portfolio that meets your clients' investment goals and values. 

In this insightful podcast episode, guest host Matt Van Dijk, Head of Sales for Premium's northern regions, and Francis Rigby, Director and Head of Advice at Financial Advice Matters, delve into the complexities of intergenerational wealth transfer. They discuss strategies for approaching sensitive inheritance discussions, the importance of early financial education, and understanding clients' life goals for tailored financial advice. Additionally, they tackle the challenge of the technology gap in financial services to meet diverse generational expectations. Listen in for expert insights on one of the most pressing issues in Australian financial advice today.

Join us for an insightful discussion with Andy Raikes, Co-portfolio Manager for TT International's Environmental Solutions Strategy. Discover how their solution strategy invests in companies solving environmental problems, the seven key environmental themes they focus on, and the importance of emerging markets. Learn how their advisory board of experts influences the strategy, and their unique approach to impact measurement. Finally, find out how they're making a real difference by donating one-third of investment management fees to environmental causes. Don't miss out on this fascinating conversation!

Prepare to navigate your way through today's unpredictable economic terrain with Katie Hudson of Yarra Capital as your guide. She shares her key findings from personal meetings with over 200 CEOs and pinpoints the challenges they face with cost inflation and reduced earnings predictions. Uncover the prominent themes of Australia's latest reporting season and gain a clearer understanding of how price-driven revenue growth and margin headwinds have led to significant downgrades in earnings forecasts.Katie also shines a light on the shift in investment climate as we transition from a strong beta performance environment to a more alpha-centric one. Gain insight into how this shift is impacting the performance of active managers and the opportunities that come with increased volatility during the reporting season. We also explore the crucial roles of beta and alpha, and the potential pitfalls of value traps as part of a wide-ranging conversation on Australian equities, economic conditions, and investment strategies. Be part of our journey as we decode these challenging market conditions together.

Celebrating International Women's Day 2023, we bring to you an enlightening conversation with industry veterans. Samantha Hawkins, Praemium's Head of Sales for Southern Regions, engages in a rich dialogue with Katerina Nicolakopoulos, the driving force behind Eikon Financial, and Widiana Setiawan, a seasoned Senior Private Wealth Advisor at Shaw & Partners.They delve into their unique journeys navigating the financial services industry, highlighting the significant benefits of maintaining a harmonious balance between male and female advisors. Together, they reflect on inspiring strategies to encourage a new generation of women to explore this promising career avenue, emphasizing the critical role of robust internship initiatives, effective coaching schemes, and defined career roadmaps tailored specifically for female graduates.Furthermore, the trio underscores the necessity of promoting financial literacy among women, along with the active involvement of families in financial decisions. This episode transcends their individual narratives; it aims to foster diversity and propagate success within the financial services realm. Listen now and let Katarina and Wydiana share with you their success stories and valuable insights.

In this episode of the Praemium Investment Leaders podcast, host Damian Cilmi talks with Peter Bates, Portfolio Manager of the Global Select Equity Strategy at T. Rowe Price. They delve into the importance of humility in investing and how Peter's early career experiences shaped his investment philosophy. They discuss the role of conviction and acknowledging mistakes, balancing stock picking with macro bets, the case for mid-caps, and the significance of compant management in successful investments. Join them as they explore the lessons Peter has learned from his journey in the world of investing and how humility plays a crucial role in navigating the unpredictable market.

The demand for experience and quality is shaping the commercial real estate offering in our post-COVID world in ways we would not have anticipated only a few years ago. Miriam Patterson, Head of Office Partnerships at Charter Hall, joins Damian Cilmi this month to talk about how new tenant expectations are rebuilding the office environment in everything from amenities to ESG compliance as employers enhance their offerings to employees who are now very comfortable working from home. Listen now to learn more about the shifting investment landscape within commercial real estate and the factors driving the change.

Praemium's Damian Cilmi is joined by Mark Landau, Joint Managing Director & Co-CIO of L1 Capital, to discuss what investors should expect from shifting market conditions, the role of shorting in dealing with increasing volatility, and why things won't be returning to "normal" any time soon. Conversation highlights include why central banks are hamstrung by high inflation, investment opportunities that the market is missing, and how to implement an adaptable investment strategy that can allow for adjustments to market exposure.

Resources are the foundation of economies, being the natural capital out of which other forms of capital are made. Damian Cilmi sits down with Co-Portfolio Manager of the Ausbil Global Resources Fund, James Stewart, to discuss what investors might expect to see in the months and years ahead in resource investment. James lays out current trends in supply and demand considering increasing activity in China, global action on decarbonisation, and increasing geopolitical tensions.

Praemium's Chief Distribution Officer Martin Morris talks to Paul Forbes, CEO of the Australian Advice Network and Robina Financial Solutions about the journey to becoming a Managed Accounts focused advice firm. Martin and Paul talk about building a client value proposition, introducing clients to managed accounts, selecting models, business efficiencies and choosing the right technology partner. It's a fascinating insight into a successful advice practice.

The latest market insights for your upcoming end of year client meetings. Damian Cilmi hosted this live webinar panel with Nikki Thomas, CFA of Magellan Financial Group, Paul Parsons of Northcape Capital and Charles Jamieson of Jamieson Coote Bonds to discuss the key market drivers for bonds, domestic and global equities over the remainder of this year and into 2023. Looking at inflation, interest rates and how to position a portfolio in these market conditions.Please note that this podcast was originally hosted in live webinar format, and makes reference to slides and charts. If you'd like to watch the video from the webinar, including the slide deck, you can stream it here on vimeo: https://vimeo.com/718187330

Praemium's Damian Cilmi speaks with Steve Jarrott, portfolio manager with Warakirri Asset Management, about agriculture as an asset class and the unique position of Australian agriculture against the backdrop of rising inflation, shifting global economies, and climate change. Steve speaks about the development of an agriculture REIT and agriculture investment as a key component of a diversified portfolio.

Damian Cilmi, Head of Investment Managers & Governance at Praemium and Anthony Kirkham, Head of Investment Management at Western Asset Management Australia discuss the implications of current inflation rates and their impact on the labour market, where interest rates might be headed, and why fixed income still matters in this shifting environment. Anthony shares how he is positioning his portfolios to deal with the outlook for the year ahead.

Initially delivered as a webinar designed for the next generation of advisers, this presentation by Praemium's Martin Morris discusses how advisers can determine what clients truly value, taking into account some lessons from the past. Topics include looking at your value proposition, how to build a framework around advice costs and pricing methodologies and finally at emerging themes for advisers to consider. During this presentation we also address in part the key considerations when selecting technology partners to help you deliver your client engagement promise.

This year the emerging HNW investor segment – those with investable assets of $1m-$2m+ excluding super, home net of debt – has grown rapidly. Over 100,000 Australians became newly minted millionaires in 2021. We take a look at who they are, how they invest and their views on advice. Praemium's Chief Distribution Officer Martin Morris discusses the latest insights from the Investment Trends 2021 HNW research report and the opportunity for advisers to cater to this unique investor segment's unmet advice needs, including intergenerational wealth transfer, ESG and total wealth reporting.

Praemium's Matt van Dijk is joined by Blackrock's Steve Monnier and Nathan Hughes from Perpetual to unpack the different ways ESG is incorporated into portfolio management, and how advisers can use sound financial theory to engage current and future generations of clients.

Damian Cilmi, Head of Investment Managers & Governance at Praemium and CEO of Elston Asset Management, Nick Revis had a discussion on how the advancement of governance methodologies are enhancing the professionalism and quality of SMA models available to advisers in Australia. They also explored how governance principles at a platform and model manager level have developed, and are used, to ensure the best possible outcomes are achieved by investors.

Praemium's Chief Distribution Officer Martin Morris talks through the key findings of several industry research papers to present practical strategies for leveraging technology to improve business efficiency, client engagement, client referrals and practice profitability.

Praemium's Martin Morris and Managing Director of Centaur Financial Services, Hugh Robertson discuss the key learnings Hugh and his team have gained through their implementation of Managed Accounts. As a Director of the Australian Advice Network, who manage $1bn in SMA assets, this session will give you a unique perspective behind their decision as a group to establish their own SMA models and also, as principle practitioner, how SMAs have offered benefits not only to his business but importantly to clients and staff alike.

Praemium's Martin Morris talks to Terry Bell of advice consultancy firm Business Health about their latest research Practice Management by the Numbers and some of the key findings of how advice practices across Australia are performing against 7 key metrics and some valuable insights for future success.

Praemium's Damian Cilmi hosts a session with leading investment specialists from Alphinity, Pendal and Fidelity discussing the key market drivers for the remainder of 2021, the outlook for inflation and interest rates and which asset classes are likely to perform well under current market conditions.

Praemium's Martin Morris is joined by Steve Prendeville of Forte Asset Solutions who has extensive experience in helping advice practices prepare their businesses for sale. This session discusses some of the key considerations for building an advice practice with a strong business valuation, including client segments, business models, and more. The engaging session covers advisers' own questions, including the profitability figure you need to achieve a good sale price and what is required for succession planning.

Antare's John Guadagnuolo discusses the changes that the Australian economy has gone through and the expected changes in a post-COVID world with Praemium's Damian Cilmi.

Praemium's Damian Cilmi and SG Hiscock's Grant Berry discuss the property sector in a post-COVID world and what impact it had on retail, commercial and residential areas.

Are you spending more time in your business rather than on your business? In this podcast Praemium's Martin Morris discusses ways to identify and evaluate those activities that are not delivering value for your clients or your business. The presentation will cover how to calculate your manufacturing costs, how to identify strategic versus tactical activities and ways to redeploy time spent on tactical activities to more valuable strategic activities.

Praemium's Damian Cilmi and Martin Morris talk to Robert Talevski, Founder of Activus Investment Advisors about practical strategies for evaluating and implementing an effective investment philosophy to help support advisers in risk management, business efficiency and client engagement.

Praemium's CCO Mat Walker talks through the findings of the latest research on how advisers are managing client assets on and off-platform, why they are using an increasing number of platforms and how to achieve their goal of a single platform solution for all client segments.

Praemium's Martin Morris discusses managing change and outlines 6 considerations for a successful change management plan including identifying key stakeholders. The podcast outlines practical strategies in the context of a managed account transition for financial advice firms, yet the strategies can be valuable to any change process within a business.

Praemium's Damian Cilmi talks to Australian Ethical's Head of Research Dr Stuart Palmer about the ethical investing landscape, what varying ethical investment terminology means and the screening processes involved as well as the potential impact on performance. The podcast also covers the rising focus on responsible business practices, the emphasis on governance and managing climate risk.

Praemium's Damian Cilmi talks to Marco Sepulveda of leading ESG research house Sustainalytics about their research process, trends in ethical research and a new screening criteria Praemium is implementing on their platform.

Praemium's Damian Cilmi talks to Nick Griffin of Munro Partners about identifying the corporate winners on a global scale and some of the key themes in global investing; digital payments, food revolution, high performance computing and digital enterprise. It's a fascinating listen with some great insights on the direction of global industries and opportunities for investors.

Damian Cilmi talks to Charles Jamieson, CIO of Jamieson Coote Bonds about the bond markets and whether negative yields can be a positive for investors in episode 3 of the Investment Leaders series.

Damian Cilmi talks to Will Riggall of Ralton Asset Management about the benefits of SMAs for advisers and clients and the advantages of swift trading. Will and Damian also discuss growth vs value investment styles and whether the growth cycle is nearing an end.

Damian Cilmi talks to Mike Martel, Head of Portfolio Management and Raf Choudry on the evolution of SMAs in the US and how global trends may translate in the Australian market. The interview also covers innovation in ETFs and incorporating thematic investing in ETFs.