Australia

“You can always tell which asset managers Are clever by the ones that invest a lot of time in Australia. Bridgewater was a very early player in that space, because I think Ray Dalio understood that these people were very sophisticated, and there's money coming …”

“Australia, they did the, this incredible mandate that all individuals have to contribute. It's going towards 12%. It may even go higher than that, now that I think of it, of their income into a super fund.”

“These funds all unwound in Australia, off the stable that was Macquarie, and then Babcock and Brown as well.”

“So that's created today the fourth largest savings pool in the world.”

“So I think generally speaking, it'd be probably about 40% of the portfolio is still domestically focused.”

“Including Hostplus putting 1.2 billion dollars into venture capital, which makes Hostplus the biggest Australian institutional investor super fund in venture capital by a long shot”

“Europe is very active and hard to came up with, I will say, and some of it is by country, and some of it is at the EU level, and we see similar activity in Australia, for example, and in Canada, less so in the US.”

“So in that innovator category, you really do see the Nordics and the Dutch, and then the early adopters, you see Europe and UK, and then early majority, you see Canada and Australia, which is really interesting, given, given their economies and the real asset …”

“Probably half of the investing we've done is in US-based businesses. The other half is in Australian businesses, and there's been a little bit in Canada, done a very small number of investments in Europe.”

“I think the mergers that you're seeing in Australia are a natural driver of innovation. You're bringing these big teams together, smushing them and seeing what are the best practices that emerged.”

“The Reserve Bank of Australia, as they have acknowledged and admitted and apologized for, which is unprecedented, made a mistake Coming through COVID by saying that we do not expect to raise policy rates for three years.”

“Remember Australian pension funds really started to sort of come into existence in the eighties as part of the Creation and the sacrifice of salaries in a high inflation environment to really try and achieve dignity in retirement.”

“And we're thrilled we've just announced a platform that we've launched to do exactly that here in Australia.”

“In Australia, when markets tend to go south very quickly, the Australian dollar also tends to go south very quickly, which means where we hedge some of our international exposure, we can end up with lots of collateral calls on our currency hedges.”

“We don't just invest the Future Fund, which helps strengthen the Commonwealth Government's balance sheet and help to support the economy through COVID, but we also manage the Medical Research Future Fund that funds about a third of medical research in Australi…”

“We've had the same country managers in Japan, in China, in India, Korea, and Australia from the very beginning, and we've been there for 20 plus years”

“99.9% of the world's lithium reserves are in the hands of just four countries, China, Chile, Argentina, Australia, none of which are the United States.”

“Interestingly, credit growth in Australia was growing at 10% per annum and hadn't been less than 10% for many, many years. And so you had this huge growth in leverage coming into the household sector that drove the profits of the banks.”

“Within a 36 year period, Australia has accumulated four trillion dollars of superannuation savings, meaning it's the fourth largest pension system in the world, Yet our population is something like the 50th largest in the world.”

“We're the largest pre IPO investor for companies in Australia.”

“We're one of the largest providers outside the big four banks of agricultural debt to the Australian agricultural market.”

“One of the adjacencies to that is we're the largest owner of water rights outside the Commonwealth Government in Australia.”

“Australia is really well placed to be a beneficiary riding that wave of increased spending.”

“Australia is the driest continent on earth. And there's a lot less water compared to land. So water is a better way to pay the agricultural exposure.”

“In particular, in the post-financial crisis era, the platform in Australia had about a 50% market share advising on these situations, the recapitalizations occurring from that post-GFC era through to today”

“Today, 75 to 80% of loans in Australia don't go by someone going to a lender directly. They go through an intermediary, a broker.”

“That's about four trillion dollars today. It breaks down about 75% into large institutional-style funds and about a trillion dollars in self-managed funds, which are for high net worth individuals or high income earning professionals.”