164 episodes

In this show, David interviews the leading minds in Wealth Management. David Clark is an experienced and respected Financial Services Professional. As a Partner and Advisor at Koda Capital, David advises some of Australia most successful families on Wealth Management.

David is also a successful entrepreneur that has exited two financial services businesses. He is a director of the St Josephs College Foundation and sits on the investment committee, as well as being a founder of ZamBzee a software application development company.

Inside the Rope with David Clark David Clark

    • Business
    • 4.8 • 58 Ratings

In this show, David interviews the leading minds in Wealth Management. David Clark is an experienced and respected Financial Services Professional. As a Partner and Advisor at Koda Capital, David advises some of Australia most successful families on Wealth Management.

David is also a successful entrepreneur that has exited two financial services businesses. He is a director of the St Josephs College Foundation and sits on the investment committee, as well as being a founder of ZamBzee a software application development company.

    Ep 164: Phil King - Listening for opportunities

    Ep 164: Phil King - Listening for opportunities

    In this episode, host David Clark interviews Phil King, the Chief Investment Officer and co-founder of Regal Funds Management. King discusses his passion for investing and the enjoyment he finds in working with top companies worldwide and building a successful team at Regal. Despite his significant achievements, Phil is noted for his humility and simple lifestyle, emphasising substance over appearances in both his personal life and investment strategy.

    Phil shares insights into his approach to investment, highlighting the importance of curiosity, good listening skills, and an ability to remain unaffected by market fluctuations. He talks about Regal's strategic focus, including their trading approach, long-term investments, and the rationale behind their portfolio turnover rate. The discussion also touches on the success and volatility of Regal's small companies fund, underscoring the balance between risk and reward in investing in small-cap companies.

    The conversation also touches on Phil's vision for Regal, aiming to attract top industry talent by creating a prestigious and successful firm, similar to Barcelona FC in the sports world. Phil also provides his perspective on the macroeconomic environment, the impact of the Chinese economy, and Regal's position on various sectors, including resources and battery metals.

    • 41 min
    Ep 163: Frank Macindoe: The art of long term investing

    Ep 163: Frank Macindoe: The art of long term investing

    In this episode of "Inside the Rope", David interviews Frank Macindoe, advisor and partner at Koda Capital, who manages the Koda Enduring Equities portfolio. This portfolio, focusing on ASX-listed shares, has achieved an impressive compound annual growth rate of over 14.8% over 15 years to November 2023. The discussion revisits the fund's performance, noting a 10% increase in the final quarter of 2023, despite the challenging period discussed in a previous episode six months prior.

    The conversation also honours the late Charlie Munger, highlighting his profound impact on investment strategies alongside Warren Buffett. Frank shares insights on navigating the current volatile geopolitical landscape, including the uncertain outcomes of the upcoming US and India elections, and how global tensions affect the markets.

    Frank emphasises the importance of maintaining a long-term investment perspective in the face of short-term market fluctuations. He details the rationale behind portfolio management decisions, focusing on understanding future cash flows and the implications of changing discount rates due to fluctuating interest rates. The discussion highlights the resilience required to adhere to long-term investment philosophies amidst market volatility.

    Frank also explores potential market influences in 2024, including geopolitical events and economic policies, with Frank and David distinguishing the differences between fundamental changes and temporary market trends in investment decision-making.

    • 34 min
    Ep 162: Cal O'brien - Mid-market turnarounds

    Ep 162: Cal O'brien - Mid-market turnarounds

    In the podcast episode of "Inside the Rope," host David Clark interviews Cal O'Brien, a managing partner at Anchorage Capital Partners. Anchorage is noted for its expertise in mid-market turnaround investments in Australia, with an impressive average internal rate return of return of over 40%.

    Cal shares his background, detailing his upbringing on a farm and how it shaped his career in law and later, in private equity. He recounts his transition from a successful legal career, where he specialised in mergers and acquisitions, to a focus on private equity. This shift led him to Anchorage, where he played an important role in establishing their first fund and later joined the firm full-time.

    The episode touches on Anchorage's investment strategy, which primarily involves taking control positions in companies with over $100 million in revenue. These are typically businesses that can benefit significantly from operational improvements, often being non-core units of larger entities. Cal emphasises Anchorage's hands-on approach, including regular operational meetings and a strong emphasis on effective management teams.

    Cal cites examples of investments, such as the successful turnaround of Affinity Education and the challenges faced with Scotts, a refrigerated logistics company. He also discusses current investments, including a New Zealand in-home care business, a childcare enterprise, and the renowned retailer David Jones, outlining strategies and progress in these cases.

    Cal concludes by highlighting Anchorage's support for Ability First Australia, a non-profit aiding disability organisations.

    • 37 min
    Ep 161: David Sekel - Keeping it in the family

    Ep 161: David Sekel - Keeping it in the family

    This podcast episode from "Inside the Rope" features David Sekel, a lawyer specialising in asset protection and estate planning.

    The discussion revolves around the importance of safeguarding wealth for future generations. David shares insights from his experience working with substantial families, focusing on creating strategies for wealth preservation and succession.

    Key topics include the complexity of family dynamics in wealth management, the significance of documenting family loans, and the necessity of an effective estate plan. The conversation delves into the challenges families face, such as ensuring wealth remains within the family, avoiding legal disputes, and dealing with different family members' objectives.

    The episode emphasises the critical role of powers of attorney, especially in managing investments and other assets, as well as the impact of family law on wealth management.

    • 39 min
    Ep 160: Andrew Rado - Casting a wide net: Investing in Australia’s fishing quotas

    Ep 160: Andrew Rado - Casting a wide net: Investing in Australia’s fishing quotas

    This episode of "Inside the Rope" features David Clark interviewing Andrew Rado, the portfolio manager of the Longreach Maris Sustainable Seafood Fund.

    Rado explains how the fund invests in Individual Transferable Quotas (ITQs) for wild-caught seafood, a system introduced in the early 1980s in Australia. This innovative approach combines ecological sustainability with economic efficiency. The ITQs regulate the total allowable commercial catch, balancing demand growth with a fixed supply, thereby increasing the value of seafood and the underlying assets.

    The conversation covers the evolution of fishing industry regulations, from uncontrolled fishing to effective management systems. These regulations have shifted from input controls, like limiting fishing days or equipment, to output controls, setting caps on the quantity of fish caught, such as the current quota system.

    Rado highlights the fund's significant social impact, particularly its initiatives supporting young, regional, and indigenous fishers. These initiatives include helping them acquire or lease quotas, thus ensuring the continued vitality and sustainability of local fishing communities.

    The fund's investment strategy is backed by the demand for seafood, driven by factors like immigration and changing dietary patterns. Despite challenges like international trade disputes, the fund has demonstrated resilience and adaptability, finding new markets and maintaining returns for investors.

    • 45 min
    Ep 159: Urs Wietlisbach - Private equity the new traditional asset class?

    Ep 159: Urs Wietlisbach - Private equity the new traditional asset class?

    In the podcast episode "Inside the Rope" hosted by David Clark with Urs Wietlisbach, a co-founder of Partners Group a leading global private markets firm that since 1996, has invested over USD 200 billion in private equity, private debt, private real estate, and private infrastructure on behalf of their clients globally.

    The episode delves into the global impact and investment strategies of Partners Group, emphasising the importance of diversification and effective management in the realm of private investments. Urs shares his views on private equity, liquidity, and current market trends, offering a fresh perspective of the current financial landscape.

    A significant portion of the conversation is dedicated to Urs's family's dedication to philanthropy, particularly their active participation in the Giving Pledge. This aspect highlights the family's commitment to social responsibility and their approach to leveraging their wealth for broader societal benefit.

    The episode also explores the concept of impact investments, which Urs believes can achieve social good while ensuring strong financial returns. This discussion reflects Urs's holistic approach to business, where financial success and social responsibility are not mutually exclusive but rather complementary objectives.

    • 1 hr

Customer Reviews

4.8 out of 5
58 Ratings

58 Ratings

RodentReviewer ,

Insightful

Good quality interviews. Asks all the questions you’d ask yourself. Nice work.

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