Argyle Capital Partners’ Kim Morison on Australian water rights investing

Graeme Bibby introduces Anseres Capital and shares its investment approach

Graeme Bibby, Chief Investment Officer, Anseres Capital | Graeme provides an introduction to Anseres Capital and how it enables access to institutional-grade investment management for private wealth clients. He also shares Anseres’ investment philosophy, how it holds up through volatility in markets and where he sees the most compelling investment opportunities in the near term. Listen to the full interview where we ask Graeme: - Introducing Anseres Capital - The Anseres Capital difference - How is Anseres Capital changing access to institutional grade investment management? - How does Anseres Capital's investment philosophy hold up through volatility? - How are private wealth clients evolving? - How does independence shape the way Anseres Capital constructs portfolios and serves clients? - Where are the most compelling investment opportunities for private wealth clients over the next 12 to 24 months Disclaimer The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made. International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability. All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein. Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording. All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.

Argyle Capital Partners’ Kim Morison on Australian water rights investing

Kim Morison, Chairman, Chief Investment Officer, Argyle Capital Partners | Kim discusses how investing in water rights works in Australia, including how it enables farmers to unlock capital from their balance sheets, he explains how water rights are valued and the key drivers of long-term returns in the asset class. Listen to the full interview where we ask Kim:      - How does investing in water rights actually work? How do you derive returns for investors? - What is the risk that governments change the rules about water rights, especially if Australia has a run of really bad drought years? - What are the key drivers of long-term returns from investing in water rights? - What is the likelihood of water prices getting so high that irrigation farmers can no longer afford water for their crops and what would be the implications of such a scenario? - Do you get accused of being a “Water Baron”? How do farmers feel about your role in investing in water rights? - How do you value water rights? Is there a transparent market price? Disclaimer The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made. International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability. All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein. Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording. All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.

Pretium’s Brendan Bosman on the role of non-bank lenders in U.S. home building

Brendan Bosman, Managing Director, Pretium | Brendan discusses the drivers behind the demand for non-bank lenders in financing U.S. home building. He explains the size of the opportunity set for investors to fund construction and development and the parts of the market and the types of builders they focus on, and why. Brendan also shares how Pretium is uniquely positioned in originating, underwriting, executing, asset managing and servicing their loan book, and how that sets them apart in the market. Listen to the full interview where we ask Brendan: - What is prompting the need for private credit in homebuilding now and why are traditional banks backing away? - There are many types of builders and dispersion across geographies. What factors do you believe non-bank lenders should be across?  How large is this opportunity?  - Can you walk us through how you underwrite and manage these loans?  - Is homebuilder lending part of the 21st Century ROAD to Housing Act currently pending review? If passed as it stands, would that help or hinder homebuilder lending? - Do you believe that real estate debt, considered asset backed, should be part of a multi sector ABF approach?  Disclaimer - Pretium The material provided is intended for informational purposes only and does not constitute and should not be construed as an offering of advisory services or an offer to sell or solicitation to buy any securities or related financial products. Pretium makes no representation, and it should not be assumed that past investment performance is indicative of future results. Any references to specific investments are solely for informational purposes. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Pretium or its affiliates. Pretium does not make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose. Disclaimer - Global Investment Institute The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made. International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability. All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein. Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording. All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.

Tor Investment Management’s Patrik Edsparr on private credit markets of Asia Pacific

Patrik Edsparr, Chief Investment Officer & Co-Founder, Tor Investment Management | Patrik discusses the dynamics playing out across private credit markets of Asia Pacific, the challenges with navigating the opportunity set across the region’s many jurisdictions and what the key ingredients are to achieving success. Patrik also shares his perspectives on credit risk and areas of vulnerability in U.S. private credit and the role an allocation to Asia Pacific can play at this phase of the cycle as an effective diversifier. Listen to the full interview where we ask Patrik: - What are the key differences between the private credit markets in Asia-Pacific and the U.S.? - Why do borrowers in Asia-Pacific want private credit solutions? - What are the key opportunities and risks in Asia-Pacific private credit? - How do you think about credit risk in the U.S. and where do you see the greatest areas of vulnerability? - How does de-globalisation influence where you see opportunities emerging across Asia-Pacific? Disclaimer The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made. International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability. All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein. Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording. All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.

Andrew Garrett on Perpetual Wealth Management’s protect and grow investment philosophy

Andrew Garrett, Investment Director, Perpetual Wealth Management | Andrew discusses his team’s investment philosophy and how it feeds into their approach to portfolio construction, including risk management and generating investment ideas. Andrew also shares how their investment strategy is adapting to changing market conditions in alignment with their protect and grow approach to managing client capital. Listen to the full interview where we ask Andrew: - What is Perpetual Wealth Management’s investment philosophy? - Can you describe your approach to portfolio construction? - How do you generate and validate investment ideas? - What role does macro thinking play in your portfolio decision making? - How do you think about risk in the context of portfolio constructing? - How do you adapt your investment strategy in changing market conditions? Disclaimer The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made. International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability. All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein. Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording. All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.