I have significantly rethought the likely implications of the Trump administration's impact on the world's economies and polities. I am more optimistic.

This lecture instructs IMAC candidates on the on the definitions and characteristics and the use of public and private real asset investments in multi-asset portfolios.

This lecture instructs IMAC candidates on the characteristics of private real asset investments.

This lecture instructs IMAC candidates on the characteristics of private equity investtments.

This lecture instructs IMAC candidates on the characteristics of private debt investments.

Private equity is promoted as providing returns several per cent higher than investing in public equity markets. These two papers reveal the true returns that private equity delivers to investors, identifying the real winners (the managers).

The core principles underpinning multi-asset, multi-manager investing (MAMMI) go back thousands of years. This preface describes the evolution of the discipline in Australia and New Zealand during the past 50 years (1975-2025).

Ethical standards and codes serve as guiding principles for professionals - but the application is rarely straightforward. This paper reviews recent literature on moral judgment and the behavioural implications.

With President Trump's tariff war in full swing, attention is turning to the "Mar-a-Lago Accord", a plan to weaken the dollar. Clever as it might be, but it is based on a flawed diagnosis.

Even if Mickey Mouse were president, the US would still be on the way to 4% growth, because US private-sector innovation promises to offset bad policies and erratic policymaking.

While some people argue that US trade tariffs will boost the domestic economy, history shows that such policies will more likely reduce international trade and increase unemployment around the world.

This lecture instructs IMAC candidates on the characteristics and analysis of Public Debt Investments.

This lecture instructs IMAC candidates on the defining characteristics of an asset class.

This lecture instructs IMAC candidates on the principles of equity securities and analysis.

The supply-chain disruptions during the Covid pandemic look almost quaint compared to the fundamental reordering of global trade now underway and which threatens a prolonged period of stagflation.

I have long argued the world is in the process of bifurcating into two economic ecosystems, one led by America and the other by China. As is now obvious to the world, the split is accelerating.

This Research Spotlight focuses on the Talaria Global Equity strategy, a value-biased global equities exposure executed through the use of exchange traded options.

In the space of little more than two months, Trump has turned the world inside out. The Trump shock is the functional equivalent of a full-blown crisis. Concerns over the global economic forecast seem almost trivial.

This narrative has been doing the rounds for a while and - in terms of unlisted property at least - has been fairly close to the mark. However, going forward, it has become a really unhelpful idea.

If there is one thing those in the finance industry should understand, it is how markets function. The starting point is the Efficient Market Hypothesis - however EMH is amazingly poorly understood.