APC Perspectives


  • SPIVA Scorecard: The Index Wins Again - The annual review of Active fund managers against their relevant benchmark to June 2018 was released recently by leading ratings agency S&P. The S&P Indices vs Active Management or SPIVA report is considered to be the leading industry report when considering the efficacy of active managers who try to ‘beat’ the market through either market …
  • APC’s Client Survey - Recently we completed our 2018 survey which we shared some of the results at our recent Annual Client briefing at the NGV.  For those clients who took the time to complete the survey we are most grateful as this information is taken very seriously by our team and is used to improve our service to …
  • Global Demographics – Why Should we Care? - Morten Springborg, a specialist of Global Thematics for World Wide Asset Management has written an interesting White Paper on Global Demographics and the key effects for future investing of the changing world. Global Demographics – Why Should We Care – Whitepaper
  • Aged Care Presentation – 6th June - On the 6th June we had our Aged Care Presentation delivered by Jayne Maini of Millenium Aged Care Consultants. Below is the presentation with audio of the very informative session in case you were unable to be there.        
  • Market Corrections. How Bad Can They Get? - Market “pullbacks”, “corrections” and “bear markets” Sharemarket declines are often labelled differently depending on the degree of share price losses sustained. Let’s talk about the semantics first: Although opinions can vary, the worst – but best known – sharemarket downturn is called a “bear market” which tends to be defined as a peak-to-trough decline in prices …
  • Bitcoin and the Blockchain Presentation - As promised, we have the audio from the Bitcoin and the Blockchain presentation combined with the Powerpoint slides for those who missed the presentation or anyone that was there who would like to re-listen to what Myron and Andrew had to say on this topic.     Our next presentation / information evening will be …
  • Emerging markets may struggle to repeat 2017’s golden year - When hedge fund legend Howard Marks from Oaktree Capital wrote a book on investing he devoted a chapter to the importance of being attentive to cycles. Marks said he lived by a rule that most things would prove to be cyclical. He went on to say that some of the greatest opportunities for gain and loss would occur when other …
  • Two Valuable Lessons for Young Investors - I was recently asked to put some thoughts together for investing newsletter Cuffelinks on what advice I would give my 20 year-old self. Thinking about this reminded me that becoming a better investor is an iterative process that occurs over many years. The only way we can improve as investors is if we learn new things …
  • Can you beat the Market? - The Active vs Passive Debate Australian Private Capital, over many years has observed that ‘Passive’ investment management tends to deliver a better long term return than ‘Active’ investment management. But why?…… Daniel Kahneman, Professor of Psychology at Princeton and winner of the 2002 Nobel Prize in economics probably said it best. “The idea that any …
  • A Focus on Trump Trades - US Market Reaction – Insights Markets completely got the US Presidential election result wrong, but ended up with good gains nonetheless. The view was that “Trump should not win, but if he does markets will tank.” As it turned out, Trump won but the market melt-down lasted only a few hours – with Trump’s less …
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