In this Special Edition of SB Talks, CEO Vincent O'Neill is joined by former RBA Governor and Stanford Brown Investment Committee member Ian Macfarlane for an in-depth discussion on the global economic outlook. Together, they examine the US economy's performance, the impact of shifting tariff policies on inflation and growth, and the strength of equity markets despite policy headwinds.

Ian also offers his views on the extraordinary surge in AI related investment, the risk of exuberance creeping into financial markets, and why elements of today's environment echo some of the most significant bubbles in history.

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In this episode of SB Talks, CEO Vincent O'Neill and CIO Nick Ryder unpack the Reserve Bank's Cup Day decision and what it signals for future rate moves. They explore the latest inflation data and the RBA's updated forecasts, highlighting the delicate balance between a softening labour market and above-target inflation. Across the Pacific, the US Federal Reserve's stance is equally nuanced, with rate cuts, shutdowns, and inflation uncertainty clouding the outlook.

Nick shares insights on the US earnings season, the AI investment surge, and whether we are edging toward bubble territory. The conversation turns to private credit markets, where recent fraud cases raise red flags and prompt a closer look at lending standards.

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Disclaimer: Past performance is not indicative of future results. WCM Investment Management, LLC is exempt from the requirement to hold an Australian Financial Services License under ASIC Corporations (Repeal and Transitional) Instrument 2016/396 and is regulated by the U.S. Securities and Exchange Commission under U.S. law, which differs from Australian law.

In this episode of Meet the Investor, Joey Mouracadeh sits down with JB Horner, Business Culture Analyst at WCM Investment Management - a global investment firm specialising in high-quality global equities. JB takes us inside WCM's distinctive approach to investing - one built around "moat trajectory," tailwinds, and the often-overlooked power of organisational culture. He explains how the firm identifies companies not just with competitive advanatges today, but those expanding those advantages over time.

They unpack what it means to analyse culture as an investment factor. How can the behaviours and adaptability of a management team shape a company's long-term moat? What does "cultural strength" or "cultural alignment" actually look like in practice? And how does WCM's collaboration with leading academics help turn a qualitative concept into a repeatable research framework that supports performance through changing market cycles?

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In this episode of SB Talks, CEO Vincent O'Neill and CIO Nick Ryder, unpack the latest escalation in US-China trade tensions, focusing on China's new rare earth export controls and their global ripple effects. They explore how these restrictions could impact industries from semiconductors to defense, and the strategic scramble for alternative suppliers.

The conversation shifts to OpenAI's circular investment deals, with chipmakers like Nvidia and AMD raising questions about sustainability and bubble-like behaviour in the AI sector. Nick shares insights into the massive energy demands behind AI infrastructure and the uncertain path to profitability. The duo examines gold's sharp rise, central bank buying, and the unusual coexistence of record highs in both equities and safe-haven assets.

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In this episode of SB Talks, CEO Vincent O'Neill and CIO Nick Ryder, unpack the Reserve Bank's decision to hold rates at 3.6%, following three cuts earlier this year. They explore what's behind the RBA's cautious stance, rising services inflation, stronger consumer spending, and signs of renewed momentum in the housing market. The conversation shifts to the US government shutdown, where a deepening political standoff could stretch on for weeks, highlighting the economic toll drawing on past shutdowns, and the estimated $400 million daily hit to the US economy.

They discuss how this, along with tariffs and other policy moves, adds complexity to the global outlook. As we enter the final quarter of 2025, Vincent and Nick take stock of market sentiment, strong corporate earnings, and the ongoing AI investment wave.

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In this episode of SB Talks, CEO Vincent O'Neill and CIO Nick Ryder, dive into a pivotal moment for global markets as 16 central banks, led by the U.S. Federal Reserve, prepare for critical policy decisions. With rate cuts back on the table, inflation still sticky, and labor markets showing cracks, what lies ahead for monetary policy? They unpack the political tension behind the Fed's independence, the looming U.S. government shutdown, and the uncertain future of U.S.-China trade talks, starting with TikTok.

Meanwhile, Wall Street's AI euphoria shows no signs of slowing, with tech giants surging past $3 trillion valuations.

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In this episode of Meet the Investor, Joey Mouracadeh sits down with Abigail Glerum, Principal at GoldenTree Asset Management, a global credit investment powerhouse managing over $58 billion USD in assets.

Abby takes us inside the firm's multi-strategy credit platform, explaining how GoldenTree goes far beyond traditional bonds. From high-yield bonds and leveraged loans to structured credit, distressed debt, real estate debt, and emerging marketing credit, the firm's reach spans the full spectrum of credit opportunities.

They also unpack the differences between credit instrument. What exactly is structured credit? How does distressed investing work in practice? And how does GoldenTree's collaborative, asset-class-agnostic process allow them to pivot across market cycles and seize opportunities others may miss?

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In this episode of SB Talks, CEO Vincent O'Neill and CIO Nick Ryder, unpack the latest US jobs shock, where a massive downward revision of 258,000 jobs has not only rattled markets, but also led President Trump to fire the head of the Bureau of Labor Statistics - raising fresh concerns about political interference in official data. They explore what this means for the Fed, as a key resignation opens the door for a Trump-aligned appointee, and fuels speculation ahead of the September rate decision.

Closer to home, where softer inflation and signs of labour market weakness have markets fully pricing in a rate cut at tomorrow's RBA meeting.

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In this episode of SB Talks, CEO Vincent O'Neill and CIO Nick Ryder unpack the latest US-EU trade deal and what it could mean for international markets. They break down the highlights from US earnings season, who is outperforming and where the cracks are showing.

Over in Australia, fresh employment data could shake up the Reserve Bank's next decision. Plus, we're gearing up for a big week of economic releases: US GDP, a closely watched Fed meeting, and Australia's inflation readout.

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In this special edition of SB Talks, Stanford Brown Private Wealth Adviser, Anita Vallelonga, sits down with Elise McKay, Portfolio Manager at Pendal Group's Horizon Fund, to break down the evolving world of ethical investing. Together they explore what ethical investing really means, how it differs from ESG and impact investing, and why more Australians are aligning their money with their values.

Elise shares her practical framework for responsible investing, explains how Horizon Fund balances performance with purpose, and addresses common misconceptions about greenwashing and underperformance. A must must listen for anyone looking to make an impact without sacrificing returns.

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