Perspectives: Episode 104 – Can I get a refund?
'Perspectives' by Escala Partners
Release Date: 09/05/2024
Perspectives: Episode 113 – "Liberation Day"
'Perspectives' by Escala Partners
In this episode of Perspectives, Escala Chief Investment Officer, Tracey McNaughton, discusses the seismic shift in German defence spending, why Greek banks are looking attractive and why the team are no longer happy to be overweight US equities. (1:10) Tracey for decades, Germany has been the poster child of fiscal conservatism in Europe. The country’s approach was shaped by its post-WWII economic memory, where inflation and debt were deeply stigmatized. The past few weeks has seen a seismic shift in that view. (1:55) It was a historic shift in Germany's fiscal policy. (2:49) Still, it...
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Perspectives: Episode 113 – "Liberation Day"
'Perspectives' by Escala Partners
In this episode of Perspectives, Escala Chief Investment Officer, Tracey McNaughton, discusses the seismic shift in German defence spending, why Greek banks are looking attractive and why the team are no longer happy to be overweight US equities. (1:10) Tracey for decades, Germany has been the poster child of fiscal conservatism in Europe. The country’s approach was shaped by its post-WWII economic memory, where inflation and debt were deeply stigmatized. The past few weeks has seen a seismic shift in that view. (1:55) It was a historic shift in Germany's fiscal policy. (2:49) Still, it...
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Perspectives: In Conversation with Alternatives and Private Markets specialist Sam Edwards from Longreach Alternatives
'Perspectives' by Escala Partners
In this episode, Escala Partners Investment Analyst Stephen Dickinson talks to Sam Edwards, Partner from Longreach Alternatives. Sam discusses the royalties landscape, why a diversified approach to royalty investing is important and the benefits of PG3s multi-sector approach to royalties.
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Perspectives: Episode 112 – The Times They Are A-Changin'
'Perspectives' by Escala Partners
In this episode of Perspectives, Escala Chief Investment Officer, Tracey McNaughton, discusses what a multi-polar world might look like, NATO’s fragile state and how the world trade map is being re-drawn. (1:30) It has been easy to get stuck in the weeds over the past 57 days, since President Trumps inauguration, so lets take a helicopter view and talk about US exceptionalism. For decades, the US has been the dominant force in global politics, economics, and military power. But today, we’re seeing cracks in that dominance. How do you see this playing out? (3:08) Interesting. And...
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Perspectives: Fund Manager Interview with Justin O'Brien from Cooper Investors
'Perspectives' by Escala Partners
In this episode, Escala Partners Investment Analyst David Bruty talks to Justin O’Brien, Portfolio Manager of the Cooper Investors Brunswick Fund, an all-cap Australian equities fund. Justin discusses the investment philosophy that underpins Cooper Investors’ approach to managing capital, the differentiated and unconstrained structure of the Brunswick Fund, along with a number of stock examples and the role they play within the portfolio.
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Perspectives: Episode 111 – A founder’s story: Interview with Mark Middleton from Icon Group
'Perspectives' by Escala Partners
In this episode of Perspectives, Escala Chief Investment Officer, Tracey McNaughton, interviews Mark Middleton, CEO of Icon Group. Mark discusses his journey as a founder of one of Australia’s largest health organisations, his partnership with private equity and the importance of authenticity as a leadership quality. Mark is the author of 'Good Morning', with all proceeds going to the Icon Cancer Foundation, a registered charity dedicated to providing hope, access and opportunity to people with cancer through supporting research and clinical trials. Find out more:
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Perspectives: Episode 110 – Agenda 2025 LIVE
'Perspectives' by Escala Partners
Live on stage at our Agenda 2025 client event, Escala Partners CIO, Tracey McNaughton, is in discussion with Gerard Minack from Minack Advisers. Tracey and Gerard discuss prospects for Europe following the German election, implications of a peace deal between Ukraine and Russia, what the trade war means for growth and inflation and why Australia is so hard to love right now.
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Perspectives: Episode 109 - May your algorithms be true and your AI agent benevolent
'Perspectives' by Escala Partners
This week Escala Partners CIO, Tracey McNaughton, reflects on what has been a blistering start to the year. President Trump is setting records with the number of executive orders he creates; tariffs are creating uncertainty and DeepSeek is disrupting. It’s enough to make your AI Agent’s head spin. (1:03) Tracey, we're 18 days into the new US administration and no fewer than 48 executive orders have been issued. That has to be a record, doesn't it? (1:46) Tracey, occupying a lot of the market's attention at the moment is tariffs, and so far few of the threats have actually been implemented...
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Perspectives: In Conversation with Alternatives and Private Markets specialist Craig Balenzuela from Goldman Sachs Asset Management
'Perspectives' by Escala Partners
In this episode, Escala Partners Investment Analyst Stephen Dickinson talks to Craig Balenzuela, Managing Director within Goldman Sachs Asset Management Alternatives and Private Markets Client Solution Group. Craig discusses the growth in the private credit landscape, the implications of the changing macro environment for private credit and why not all private credit is made equally.
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Perspectives on Zero: Episode 12 The Role of Nuclear in the Energy Transition
'Perspectives' by Escala Partners
In this episode, Investment Analyst Darragh Kennelly talks to James Tsinidis of Munro Partners to discuss the role of nuclear power in the energy transition and the growing demand for reliable baseload power especially from some of the worlds largest tech companies. They also discussed the benefits of nuclear power and the key components of the nuclear sector to consider. Important Information The information contained in this podcast reflects, as of the date of publication, the views of Munro Partners and sources believed by Munro Partners to be reliable. There can be no guarantee that any...
info_outlineThis week Escala Partners CIO, Tracey McNaughton, discusses the high price Australians are paying to the government for managing our economy and why we should probably be asking for a refund.
(0:52) August has been a very volatile month. The start of September looks like it will be more of the same. How are you and the CIO team navigating these markets?
(4:22) Do you expect this volatility to continue?
(6:04) Another question that came up recently at a client lunch, Tracey, was around population growth. If declining population in places like China and Japan is bad, why isn’t growing population in Australia good?
(9:39) The other factor weighing on Australia is China. Did you see any evidence of this impact in the last GDP report released on Wednesday?
(11:17) Earnings reporting season has just finished in Australia. Is this softer picture for Australia being reflected in company bottom lines?
(12:59) How weak is China?
(15:24) You saw Howard Marks in person last week – did you get any investment tips?