31 MAR

Real Estate - Defensive in periods of heightened volatility

In this episode, MA Financial’s Group Vice Chairman Andrew Pridham AO is joined by Joint CEO Julian Biggins and Head of Core Real Estate Chris Lock to unpack what $1.2 billion in recent retail acquisitions reveals about the current market for retail shopping centres, and how real estate demonstrates its defensive characteristics in periods of heightened global volatility. Andrew, Julian and Chris share insights on: · Why shopping centres continue to demonstrate resilience and provide downside protection · How active management can enhance asset performance and drive investor returns · The outlook for office and industrial · Takeaways from MA’s 2026 Alternatives Summit, including why alternative real estate such as pubs and marinas provide defensive cash flow · How the current global crisis may present opportunities for astute investors Highlights 2:20 – What is ‘core real estate’? 6:20 – Inflation: Why retail assets can act as a natural hedge 7:30 – Barrier to entry: How the supply of new shopping centres could be decades away 9:30 – Why retailers are showing resilience in the current economic environment 10:30 – The impact of online shopping: How leading retailers are seeking additional retail space alongside online 15:50 – The resilience and downside protection offered by retail assets 25:50 – Chris and Julian on office and industrial 29:00 – MA Alternatives Summit 2026: Julian’s key takeaways 30:00 – Why active management is critical in delivering investor returns 31:00 – Andrew Pridham on seizing opportunity in global crisis and volatility 32:00 – Get to know Chris The information in this podcast series is being made available by MA Financial Group Limited (ACN 142 008 428) and its related bodies corporate (“MA Financial”) for informational purposes only and reflects the views of its participants as at the date indicated. Information may include general advice only and does not take into account your individual objectives, financial situation, needs or tax circumstances. The information contained does not constitute and should not be construed as an offering of advisory services, personal investment advice, or an offer to sell or solicitation to buy any securities or related financial instruments in any jurisdiction. MA Financial cannot guarantee the accuracy of the information in this podcast and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. The information in the podcast may contain forward-looking statements, forecasts, estimates and projections (“Forward Statements”). Neither any member of MA Financial nor any independent third party has reviewed the reasonableness of any Forward Statements or the assumptions that underlie them. No member of MA Financial represents or warrants that any Forward Statements will be achieved or will prove to be correct or that the assumptions on which the Forward Statements are based are reasonable. This podcast, including the information contained herein, is the sole property of MA Financial and may not be copied, reproduced, republished, or posted in whole or in part, in any form without the prior written consent of MA Financial. See omnystudio.com/listener for privacy information.

35 min

11 MAR

2026 Investment Outlook

MA Financial’s Group Vice Chairman, Andrew Pridham AO, is joined by a team of MA’s investment professionals as they discuss insights from the recently-released 2026 Investment Outlook, examining opportunities ahead across private credit, real estate and equities. The wide-ranging conversation explores: Why shopping centres continue to present compelling opportunities, supported by resilient consumer trends and structural tailwinds The critical role of active management in unlocking value across real estate The advantages of senior secured positions within the real estate capital structure How investor psychology is amplifying equity market volatility The key themes shaping today’s private credit landscape. The information in this podcast series is being made available by MA Financial Group Limited (ACN 142 008 428) and its related bodies corporate (“MA Financial”) for informational purposes only and reflects the views of its participants as at the date indicated. Information may include general advice only and does not take into account your individual objectives, financial situation, needs or tax circumstances. The information in the podcast does not constitute and should not be construed as an offering of advisory services, personal investment advice, or an offer to sell or solicitation to buy any securities or related financial instruments in any jurisdiction. Equity Trustees Limited (Equity Trustees) (ABN 46 004 031 298) (AFSL 240975) is the responsible entity for the MA Credit Income Trust ARSN 681 002 531 (MA1). MAAM RE Ltd (MAAM RE) (ACN 135 855 186) (AFSL 335783) is the responsible entity of the MA Priority Income Fund ARSN 648 809 849 (PIF). MA Credit Portfolio Holdings Limited ACN 691 943 638 is the issuer (Issuer) of the MA Credit Portfolio Notes (ASX: MA2HA) (the Notes). You should obtain a copy of the Product Disclosure Statement (PDS) or Prospectus and Target Market Determination (TMD) for MA1, PIF and the Notes available on mafinancial.com/invest and consider consulting with a financial adviser before making any investment decision. You should also read the PDS and TMD of PIF for further information on the capital buffer and the priority income features of PIF, and the PDS or Prospectus and TMD of MA1 and the Notes for further information on the credit exposure and product features of MA1 and the Notes. An investment in PIF, MA1 and the Notes involves risk. Past performance is not a reliable indicator of future performance. MA Financial cannot guarantee the accuracy of the information in this podcast and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. The information in the podcast may contain forward-looking statements, forecasts, estimates and projections (“Forward Statements”). Neither any member of MA Financial nor any independent third party has reviewed the reasonableness of any Forward Statements or the assumptions that underlie them. No member of MA Financial represents or warrants that any Forward Statements will be achieved or will prove to be correct or that the assumptions on which the Forward Statements are based are reasonable. This podcast, including the information contained herein, is the sole property of MA Financial and may not be copied, reproduced, republished, or posted in whole or in part, in any form without the prior written consent of MA Financial. See omnystudio.com/listener for privacy information.

52 min

5 FEB

What Matters mini: 'The return on my money'

What Matters returns in 2026 with a mini edition, featuring Andrew Pridham AO in conversation with Frank Danieli, MA Financial’s Head of Global Credit Solutions. Frank unpacks the key themes from his latest quarterly investor letter, “The return on my money,” where Frank explains that when investing in private credit, capital preservation – the return on your money – matters most, however the return on your money also needs to be attractive for the risks taken. Andrew and Frank also unpack: • Portfolio performance for the 2025 December quarter • Insight into what Frank is seeing in global credit markets • A snapshot on the Australian economy, from real time insights in MA Financial’s data • Frank’s outlook for 2026 • The evolving regulatory landscape and why the focus on improved disclosure reinforces one of the core themes in Frank’s letter: how it’s important for investors to understand what really sits under the hood in their credit portfolio. Frank’s quarterly letter and podcast are your go-to for updates on our Global Credit Solutions fund suite, along with expert insights into trends shaping the private credit landscape. For more information, visit www.mafinancial.com The information in this podcast series is being made available by MA Financial Group Limited (ACN 142 008 428) and its related bodies corporate (“MA Financial”) for informational purposes only and reflects the views of its participants as at the date indicated. Information may include general advice only and does not take into account your individual objectives, financial situation, needs or tax circumstances. The information in the podcast does not constitute and should not be construed as an offering of advisory services, personal investment advice, or an offer to sell or solicitation to buy any securities or related financial instruments in any jurisdiction. Equity Trustees Limited (Equity Trustees) (ABN 46 004 031 298) (AFSL 240975) is the responsible entity for the MA Credit Income Trust ARSN 681 002 531 (MA1). MAAM RE Ltd (MAAM RE) (ACN 135 855 186) (AFSL 335783) is the responsible entity of the MA Priority Income Fund ARSN 648 809 849 (PIF). MA Credit Portfolio Holdings Limited ACN 691 943 638 is the issuer (Issuer) of the MA Credit Portfolio Notes (ASX: MA2HA) (the Notes). You should obtain a copy of the Product Disclosure Statement (PDS) or Prospectus and Target Market Determination (TMD) for MA1, PIF and the Notes available on mafinancial.com/invest and consider consulting with a financial adviser before making any investment decision. You should also read the PDS and TMD of PIF for further information on the capital buffer and the priority income features of PIF, and the PDS or Prospectus and TMD of MA1 and the Notes for further information on the credit exposure and product features of MA1 and the Notes. An investment in PIF, MA1 and the Notes involves risk. Past performance is not a reliable indicator of future performance. MA Financial cannot guarantee the accuracy of the information in this podcast and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. The information in the podcast may contain forward-looking statements, forecasts, estimates and projections (“Forward Statements”). Neither any member of MA Financial nor any independent third party has reviewed the reasonableness of any Forward Statements or the assumptions that underlie them. No member of MA Financial represents or warrants that any Forward Statements will be achieved or will prove to be correct or that the assumptions on which the Forward Statements are based are reasonable. This podcast, including the information contained herein, is the sole property of MA Financial and may not be copied, reproduced, republished, or posted in whole or in part, in any form without the prior written consent of MA Financial. See omnystudio.com/listener for privacy information.

22 min

16/11/2025

What Matters mini: ‘The greatest teacher, failure is’

In this special mini edition of What Matters, Frank Danieli, Head of Global Credit Solutions at MA Financial, unpacks the key themes from his September quarter private credit investor letter exploring the theme “the greatest teacher, failure is.” Frank explains why at MA Financial we believe private credit investing is all about ‘avoiding losers, not picking winners.’ He reflects on recent high-profile borrower failures in the US such as First Brands and Tricolor, to illustrate the importance of managing credit risk and controlling structural risk, and the valuable lessons to be learned from studying situations that have gone wrong. Frank’s quarterly letter and podcast are essential resources for updates on MA Financial’s Global Credit Solutions fund suite, and expert insights into the trends shaping private credit markets. DISCLAIMER The information in this podcast series is being made available by MA Financial Group Limited (ACN 142 008 428) and its related bodies corporate (“MA Financial”) for informational purposes only and reflects the views of its participants as at the date indicated. Information may include general advice only and does not take into account your individual objectives, financial situation, needs or tax circumstances. The information in the podcast does not constitute and should not be construed as an offering of advisory services, personal investment advice, or an offer to sell or solicitation to buy any securities or related financial instruments in any jurisdiction. Equity Trustees Limited (Equity Trustees) (ABN 46 004 031 298) (AFSL 240975) is the responsible entity for the MA Credit Income Trust ARSN 681 002 531 (MA1). MAAM RE Ltd (MAAM RE) (ACN 135 855 186) (AFSL 335783) is the responsible entity of the MA Priority Income Fund ARSN 648 809 849 (PIF). You should obtain a copy of the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for MA1 and PIF available on mafinancial.com/invest and consider consulting with a financial adviser before making any investment decision. You should read the PDS and TMD of PIF for further information on the capital buffer and the priority income features of PIF, and the PDS and TMD of MA1 for further information on the credit exposure and product features of MA1. An investment in PIF and MA1 involves risk. Past performance is not a reliable indicator of future performance. MA Financial cannot guarantee the accuracy of the information in this podcast and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. The information in the podcast may contain forward-looking statements, forecasts, estimates and projections (“Forward Statements”). Neither any member of MA Financial nor any independent third party has reviewed the reasonableness of any Forward Statements or the assumptions that underlie them. No member of MA Financial represents or warrants that any Forward Statements will be achieved or will prove to be correct or that the assumptions on which the Forward Statements are based are reasonable. This podcast, including the information contained herein, is the sole property of MA Financial and may not be copied, reproduced, republished, or posted in whole or in part, in any form without the prior written consent of MA Financial. See omnystudio.com/listener for privacy information.

17 min

31/10/2025

The Next Super-Cycle: Economist David McWilliams on Money and Markets

Economist, author and broadcaster David McWilliams joins Andrew Pridham for a fascinating look at what he calls the next global super-cycle — a world of rising tariffs, managed trade and an AI-fuelled boom — and how Australia can thrive in this new era. In a lively, entertaining and thought-provoking conversation, David taps into his unique ability to make economics relatable and shares his distinctive take on: • The enduring importance of the US dollar — and why cash still matters • How Australia can balance its ties with both the US and China • The psychology of money — and why it is humanity’s greatest invention • Why FOMO might explain the queues for gold in Martin Place • Why bitcoin could be “a solution in search of a problem”; and • How “animal spirits” continue to drive real-world economies Recorded in Sydney during David’s world tour for his best-selling book Money: A Story of Humanity — a Financial Times, Observer and Economist Book of the Year — this episode blends insight and big-picture thinking on where global markets may go next. This information in this podcast series is being made available by MA Financial Group Limited (ACN 142 008 428) and its related bodies corporate (“MA Financial”) for informational purposes only and reflects the views of its participants as at the date indicated. Information may include general advice only and does not take into account your individual objectives, financial situation, needs or tax circumstances. The information contained does not constitute and should not be construed as an offering of advisory services, personal investment advice, or an offer to sell or solicitation to buy any securities or related financial instruments in any jurisdiction. MA Financial cannot guarantee the accuracy of the information in this podcast and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. The information in the podcast may contain forward-looking statements, forecasts, estimates and projections (“Forward Statements”). Neither any member of MA Financial nor any independent third party has reviewed the reasonableness of any Forward Statements or the assumptions that underlie them. No member of MA Financial represents or warrants that any Forward Statements will be achieved or will prove to be correct or that the assumptions on which the Forward Statements are based are reasonable. This podcast, including the information contained herein, is the sole property of MA Financial and may not be copied, reproduced, republished, or posted in whole or in part, in any form without the prior written consent of MA Financial. © All rights reserved 2025. See omnystudio.com/listener for privacy information.

48 min

09/10/2025

Lessons on leadership with John Longmire

In this episode, Andrew Pridham AO sits down with Premiership-winning AFL coach John Longmire, the Sydney Swans’ Executive Director of High Performance. After 14 years coaching one of the AFL’s most successful clubs, John reveals what elite sport can teach us about leadership, culture, and making tough decisions under pressure. Together, Andrew and John explore: How to sustain high performance over the long term Managing different personalities in a team environment Building resilience within teams Creating and maintaining a winning culture Packed with practical, hard-earned lessons from the elite level, this conversation is full of insights you can apply directly to business and leadership. DISCLAIMER This information in this podcast series is being made available by MA Financial Group Limited (ACN 142 008 428) and its related bodies corporate (“MA Financial”) for informational purposes only and reflects the views of its participants as at the date indicated. Information may include general advice only and does not take into account your individual objectives, financial situation, needs or tax circumstances. The information contained does not constitute and should not be construed as an offering of advisory services, personal investment advice, or an offer to sell or solicitation to buy any securities or related financial instruments in any jurisdiction. MA Financial cannot guarantee the accuracy of the information in this podcast and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. The information in the podcast may contain forward-looking statements, forecasts, estimates and projections (“Forward Statements”). Neither any member of MA Financial nor any independent third party has reviewed the reasonableness of any Forward Statements or the assumptions that underlie them. No member of MA Financial represents or warrants that any Forward Statements will be achieved or will prove to be correct or that the assumptions on which the Forward Statements are based are reasonable. This podcast, including the information contained herein, is the sole property of MA Financial and may not be copied, reproduced, republished, or posted in whole or in part, in any form without the prior written consent of MA Financial. © All rights reserved 2025. See omnystudio.com/listener for privacy information.

33 min

18/08/2025

What Matters mini: 'The only certainty is uncertainty'

In this mini edition of What Matters, Andrew Pridham AO sits down with Frank Danieli, our Head of Global Credit Solutions, to discuss Frank’s latest June quarter investor letter which explores the theme ‘The only certainty is uncertainty’. Frank discusses why, at MA Financial, we don’t spend time trying to predict the future when managing our Global Credit Solutions funds. Instead, we embrace uncertainty as a constant and invest and manage our portfolios to deliver on our objectives across a broad range of market conditions. Frank and Andrew also unpack private credit essentials: What is private credit? What should investors look for in a manager? The asset class’s key defensive feature: its senior position in the capital structure meaning it ranks ahead of equity. Frank’s quarterly letter and podcast are your go-to for updates on our Global Credit Solutions fund suite, along with expert insights into the trends shaping the private credit landscape. For more information, visit mafinancial.com. DISCLAIMER The information in this podcast series is being made available by MA Financial Group Limited (ACN 142 008 428) and its related bodies corporate (“MA Financial”) for informational purposes only and reflects the views of its participants as at the date indicated. Information may include general advice only and does not take into account your individual objectives, financial situation, needs or tax circumstances. The information contained does not constitute and should not be construed as an offering of advisory services, personal investment advice, or an offer to sell or solicitation to buy any securities or related financial instruments in any jurisdiction. Equity Trustees Limited (Equity Trustees) (ABN 46 004 031 298) (AFSL 240975) is the responsible entity for the MA Credit Income Trust ARSN 681 002 531 (MA1). MAAM RE Ltd (MAAM RE) (ACN 135 855 186) (AFSL 335783) is the responsible entity of the MA Priority Income Fund ARSN 648 809 849 (PIF). You should obtain a copy of the Product Disclosure Statement and Target Market Determination for MA1 and PIF available on mafinancial.com/invest and consider consulting with a financial adviser before making any investment decision. You should thoroughly read the PDS and Target Market Determination of PIF to understand the capital buffer and priority income features of PIF that are referred to in the podcast. An investment in PIF and MA1 involves risk. Past performance is not a reliable indicator of future performance. MA Financial and Equity Trustees cannot guarantee the accuracy of the information in this podcast and have not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. The information in the podcast may contain forward-looking statements, forecasts, estimates and projections (“Forward Statements”). Neither any member of MA Financial nor any independent third party has reviewed the reasonableness of any Forward Statements or the assumptions that underlie them. No member of MA Financial represents or warrants that any Forward Statements will be achieved or will prove to be correct or that the assumptions on which the Forward Statements are based are reasonable. This podcast, including the information contained herein, is the sole property of MA Financial and may not be copied, reproduced, republished, or posted in whole or in part, in any form without the prior written consent of MA Financial. See omnystudio.com/listener for privacy information.

33 min

28/07/2025

What Matters - The global forces reshaping banking with Ken Moelis

In a must-listen episode, What Matters welcomes back Ken Moelis, the legendary Founder, Chairman, and CEO of Moelis & Company. Ken joins Andrew Pridham AO for a wide-ranging conversation on the forces shaping the global financial landscape, explaining why: - the banking industry is being re-shaped - private credit is just getting started - AI, the need for power and the rate of technological change, will drive economic and M&A activity. The pair unpack the impact of tariffs, the pressure on the Federal Reserve regarding interest rates and why potential gridlock post next year’s US mid-term elections could be good for business. Ken also shares insightful reflections on leadership transition as he moves from CEO to Executive Chairman (effective October), lessons he’s learned founding Moelis & Company, whether AI could reshape dealmaking and his optimism about economic opportunities in the Middle East and why he thinks Europe could be set for a defence-led tech revival. See omnystudio.com/listener for privacy information.

45 min

What Matters

Real Estate - Defensive in periods of heightened volatility

2026 Investment Outlook

What Matters mini: 'The return on my money'

What Matters mini: ‘The greatest teacher, failure is’

The Next Super-Cycle: Economist David McWilliams on Money and Markets

Lessons on leadership with John Longmire

What Matters mini: 'The only certainty is uncertainty'

What Matters - The global forces reshaping banking with Ken Moelis

About

Information

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What Matters

Episodes

Real Estate - Defensive in periods of heightened volatility

2026 Investment Outlook

What Matters mini: 'The return on my money'

What Matters mini: ‘The greatest teacher, failure is’

The Next Super-Cycle: Economist David McWilliams on Money and Markets

Lessons on leadership with John Longmire

What Matters mini: 'The only certainty is uncertainty'

What Matters - The global forces reshaping banking with Ken Moelis

About

Information

You Might Also Like