EW&L's November Edition

Welcome back to the EW&L monthly newsletter.?

As usual, we wrap up some of our most recent podcast guests for you to delve into: this month, we talk to higher-ups from some big-name firms. Plus, we analyse some market trends that may have some investors feeling confused – a bullish trend in gold, a correction in the bond market, and record highs in equity markets.

Lastly, an update on how things are progressing down south at our Melbourne office!?

Thanks for reading, we’ll be back next month.?

What do a bullish trend in gold, a correction in the bond market, and record highs in equity markets signify?

For many market commentators, the situation may seem confusing.

Historically, a rally in gold often indicates a flight to safety, suggesting potential trouble ahead. Conversely, a correction in bonds typically signals rising interest rates due to increasing inflation. Meanwhile, growth in equity markets usually reflects optimism about future earnings. Currently, we see gold and bonds hinting at significant challenges, while equity markets suggest a more favourable outlook.

However, this divergence can be explained in several ways. One perspective is that different macro trends are influencing various markets in distinct directions. Another is that the influx of investment capital is reshaping traditional relationships among these asset classes.

For investors, navigating volatility and divergence is essential. Understanding these dynamics is a critical aspect of a diversified investment strategy. A well-structured plan will account for these market conditions and associated risks, allowing for flexibility and responsiveness.

To learn more about how we support families and high-net-worth investors, visit our website.

The Exchange Podcast, Presented by Emanuel Whybourne and Loehr: November Catch-Up

Over the last month, we’ve had some critically important conversations with guests from some big-name firms.???

It’s Not the Horse that Wins the Race – it’s the Jockey on the Horse

In this episode, Managing Partner Craig Emanuel sits down with Adrian MacKenzie, Founder and Partner of Five V Capital.

Adrian is a highly experienced investor with over 25 years of private equity experience. He has successfully led and managed Five V’s investments, including Ascender, Madman Film & Entertainment, Canva, Plenti, Education Perfect, the Probe Group, Zenith Investment Partners, Openway Food Co, Penten and Automic.?

During this podcast, Craig holds an in-depth discussion with Adrian on the secrets to searching for, selecting and partnering with outstanding founder-led businesses.?

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Another Groundhog Day… Or Groundhog Year. When Can Private Markets Break Out of This Cycle?

During this discussion, Managing Partner Craig Emanuel sits down with Michael Lukin, Founder and Group Managing Partner of Roc Partners.

Roc Partners have established themselves over the past 25 years as one of Australia’s most successful and reputed investors in mid-sized private companies, having made more than 400 investments and now managing more than $8 billion in investor capital. Roc has delivered superior returns of more than 29% IRR pa within Roc’s secondaries funds.

Join us for an in-depth discussion with Mike on how the Roc business originated, secondaries markets, how investors can access secondaries, lessons learned in founding one of the country’s most respected investment firms, current private market industry dynamics, and global outlook.?

Pantheon Global Private Equity Fund (Victor Mayer and Charlotte Morris): What has 40 years in Private Markets Taught You??

Managing Partner, Tim Whybourne, speaks with two senior members of the Pantheon global private equity team Charlotte Morris and Victor Mayer about their new evergreen private equity fund coming to the Australian market.

Pantheon is a global private asset manager managing over 65bn in discretionary assets across a range of private equity investments. They have 11 offices and 125 investment professionals around the world. They have been at the forefront of private markets investing for more than four decades, driving long-term value creation for their clients through strategies covering the full investment lifecycle.

To discover more about each episode, head to ‘The Exchange by EWL Private Wealth’ on Apple Podcasts.

Our new Melbourne office is off to a great start!?

The team has had many memorable meetings with new and existing clients in the last month.?

Beyond client work, we have been focused on building connections across our business and the broader investing community. We are always happy to hear from accountants, commercial lawyers or M&A advisers who would be interested in joining our ecosystem.?

At EW&L, we routinely work alongside other professionals to help our clients achieve their goals and value new relationships with outstanding service providers who can help make that happen.

So, if you’re in Melbourne (or Sydney, or Brisbane) and are a fellow professional who assists high-net-worth clients? We are always happy to connect.

Thanks for reading! We’ll see you again next month.

www.ewlwealth.com.au

P.S. Referrals are the most flattering compliments we can receive. If you think we are doing a good job and you know somebody we could help, please don’t hesitate to direct them to us.