Will LIC Activism Upend Aussie Funds Management? (WAM Interview)
Here’s our interview with Geoff Wilson and Cooper Rogers of Wilson Asset Management, one of the biggest players in the Australian funds management world.
JD sat down with the pair to hear how the LIC manager is seeing the current macro landscape, in particular in the US and China, to learn why Geoff has decided to dust off the old Twitter account, and to hear about WAM’s view on how activism will influence the Aussie funds management sector, what various commodities will do from here and a chat about a bunch of stocks.
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All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.
Podcast Partners:
GetWet Solutions – Matt.hall@getwetsolutions.com.au
DSI Underground – https://www.dsiunderground.com/contact
Silverstone – kenny@sstone.com.au
Anytime Exploration Services – seamus@anytimees.com
WA Water Bores – James@wawaterbores.com.au
Brooks Airways – ops@brooksairways.com
(0:00:00)Introduction
(0:03:40)Geoff becoming a Twitter power-user
(0:05:19)Checking in on the USA
(0:08:03)How markets look state-side
(0:09:25)View on the Australian market
(0:10:30)WAM view on the rate environment
(0:12:28)Large cap vs small cap
(0:15:05)The state of the LIC market
(0:17:19)Shareholder engagement vs performance
(0:21:37)Meeting management
(0:23:28)Activism in the LIC market
(0:25:15)Optimal size for WAM's strategies
(0:27:45)Trading at NTA
(0:29:08)Company buybacks
(0:30:26)WAM's investment style
(0:35:25)Should mining co's moats deserve more credit
(0:37:27)Would WAM open a Resources LIC?
(0:39:38)WAM's China view
(0:43:35)Copper on the ASX
(0:48:18)Will lithium's recovery continue?
(0:54:45)Are WAM uranium bulls?
(0:58:53)Gold's decoupling from real rates
(1:03:30)Value in mining services
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