Praemium Investment Leaders

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Welcome to Praemium's Investment Leaders Series, a podcast created for financial advisers. Here, you'll gain invaluable insights from our in-depth conversations with investment managers and industry experts, covering topics from Australian equities, bonds, global equities, and ESG to burgeoning areas of alternative investments. Stay ahead of the curve with the latest trends, strategies, and market forecasts, arming yourself with the knowledge to guide your clients confidently in the dynamic world of finance.

  1. 08/25/2025

    Private Credit Through Market Cycles: Lessons from Three Decades

    What separates great credit managers from good ones in today's market? Clark Koury, Managing Director and Head of Oaktree Capital's Product Specialist Group, brings thirty years of institutional wisdom to this question in a fascinating exploration of private credit markets. This episode unpacks the compelling case for private credit in today's uncertain environment. Investors are drawn to the asset class for two primary reasons: superior returns (historically 2-4% above traditional credit markets) and significantly reduced volatility. Unlike public markets where sentiment drives price swings, private credit investments are valued based on business fundamentals, providing a stabilising effect in diversified portfolios. Looking ahead, Koury identifies several particularly attractive segments within private credit, including European markets that offer better pricing and more conservative structures, life sciences companies seeking non-dilutive financing alternatives, and private asset-backed financing, which he describes as reminiscent of "private credit maybe 10 years ago." He also cautions about risks, particularly around discipline slippage when managers face pressure to deploy capital quickly. Whether you're considering an allocation to private credit or simply interested in understanding how experienced managers navigate complex market environments, this episode provides valuable insights from one of the industry's most established players. Views and opinions expressed are subject to change. This podcast is being made available for educational and informational purposes only and does not constitute, and should not be construed as, an offer to sell, or a solicitation of an offer to buy, any securities or related financial instruments in any jurisdiction. Further, this communication does not constitute and should not be construed as a recommendation or testimonial for any securities, related financial instruments, products or services of Brookfield Corporation (“Brookfield”) and certain of its affiliates. 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.

    34 min

  2. 06/19/2025

    Breaking the Deflation Curse: How Corporate Governance is Renewing Japanese Equities

    June-Yon Kim, Head of Japanese Equities at Lazard Asset Management, reveals why Japan is one of the most overlooked – yet compelling – equity stories today. Discover how structural reform and the end of deflation are reshaping the investment landscape, and why the Lazard Japanese Strategic Equity Fund gives Australian investors unique access to this opportunity. From "emerging market-like inefficiencies" in a developed economy, to semiconductor dominance and rising bank profits, Japan is rewriting its playbook – and active managers are ready to capitalise. If you're looking for real diversification, durable earnings growth, and a market ripe for transformation, this episode is a must-listen 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.

    34 min

  3. 04/10/2025

    Live at AltInvest: Size matters, Small-Cap delivering outsized returns

    Private equity has evolved dramatically over the past two decades, with many firms chasing progressively larger deals as they scale. Claire Smith, who leads Schroders Capital's private markets business in Australia, explains why they're deliberately swimming against this tide by maintaining a focus on small and mid-cap opportunities. During our conversation at the 2025 Premium Alt Invest Forum, Claire reveals the mathematical logic behind their strategy: "It's much easier to double the size of a small company than it is to double the size of a large company." This simple principle drives their pursuit of diversification from listed markets through companies with truly idiosyncratic risk profiles. 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.

    12 min

  4. 04/09/2025

    Live from AltInvest: Navigating Market Volatility with Liquid Alternatives

    What happens when traditional portfolio diversification fails? In this eye-opening conversation from the 2025 Premium Altinvest Forum in Melbourne, host Damian Cilmi sits down with Paul Fraynt, Senior Vice President and Portfolio Manager at Franklin Templeton Investment Solutions, to uncover the truth about achieving genuine protection against market volatility. 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.

    11 min

  5. 03/27/2025

    Private Credit Secondaries: Inside the $140 Billion Market

    The private credit secondaries market is experiencing explosive growth, on track to match the $140 billion private equity secondaries market by 2030. Martins Marnauza, Investment Partner at Coller Capital, walks us through this fascinating yet often overlooked corner of the alternative investments landscape. Providing liquidity to institutional investors trapped in 10-year closed-end funds has become big business. What started as a niche opportunity during the global financial crisis has evolved into a sophisticated market with multi-billion dollar transactions.  Marnauza explains how Coller Capital purchases performing private credit assets at discounts, then benefits as these loans are repaid at par. This creates an unusual positive asymmetry rarely found in credit markets. The conversation explores both LP-led transactions (investors selling fund interests) and GP-led restructurings (managers organising liquidity solutions). We discover why major institutional investors increasingly use secondaries to actively manage their portfolios, whether due to strategy shifts, regulatory changes, or extended loan durations. For investors seeking strong risk-adjusted returns, private credit secondaries offer an attractive combination of downside protection, current income, and shorter duration compared to primary investments. 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.

    38 min

  6. 10/11/2024

    Looking outside the Mundane Seven

    Uncover the opportunity of the overlooked equities in the Australian market with Dion Hershen from Yarra Capital Management, as he offers unparalleled insights into the ASX200's not-so magnificent seven - the big four banks and iron ore miners. We'll explore how these banks are experiencing stagnant earnings and dissect the implications of the market's dependence on such few sectors. Are these trends sustainable amidst Australia's slow economic growth and competitive pressures?  The conversation spans various investment horizons, from infrastructure to technology. Discover how companies like Square and APA are promising prospects in their respective sectors, and get the latest on market trends affecting Australian businesses. We examine the concept of "JAWS," which underscores the financial pressures many sectors face, and spotlight the healthcare industry's fascinating journey with GLP-1 drugs and their unexpected synergy with sleep apnea treatments.  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.

    27 min

  7. 08/07/2024

    Liquid Assets: Investing in the world's most essential resource

    Ever wonder how water can become a tradable asset like gold or stocks? Our guest, Euan Friday, Chair and CIO of Kilter Rural, shares his expert insights into the groundbreaking Australian water rights market.  Get ready to navigate the detailed workings of water entitlements and allocations in Australia. Learn about the fluctuating prices of water due to varying supply and demand, and the diverse motivations of market participants – from farmers to government bodies. We'll also unpack the impact of the Murray-Darling Basin Plan and recent government initiatives aimed at sustaining this crucial water resource. Lastly, we dive into the agricultural heartbeat of the Murray-Darling Basin, Australia's most crucial food-producing region, and the factors driving water's migration to high-value crops like almonds. From the recent challenges faced by wine grape producers to the effects of government water buyback programs, Euan provides a comprehensive view of current trends and market dynamics and the opportunity water offers for investors seeking true diversification with non-correlated investments. Don’t miss this fascinating episode! 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.

    39 min

  8. 06/27/2024

    Catastrophe Bonds: A Genuine Alternative Asset

    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.

    46 min
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About

Welcome to Praemium's Investment Leaders Series, a podcast created for financial advisers. Here, you'll gain invaluable insights from our in-depth conversations with investment managers and industry experts, covering topics from Australian equities, bonds, global equities, and ESG to burgeoning areas of alternative investments. Stay ahead of the curve with the latest trends, strategies, and market forecasts, arming yourself with the knowledge to guide your clients confidently in the dynamic world of finance.

Information

  • Creator
    Praemium
  • Years Active
    2019 - 2025
  • Episodes
    40
  • Rating
    Clean
  • Copyright
    © 2025 Praemium Investment Leaders
  • Show Website
    Praemium Investment Leaders