Shaw and Partners

Last Sunday, Shaw and Partners proudly hosted over 700 young surf lifesavers at the 2024 Shaw and Partners WA Race Week Nipper Clinic, setting a record as Australia’s largest-ever Nipper Clinic. Held at Sorrento Beach in WA, this extraordinary event brought together the next generation of surf lifesavers for a 90-minute training session with some of the world’s best athletes. The star-studded instructor line-up included Ali Day, Lana Rogers, Jemma Smith, Matt Bevilacqua, Georgia Miller, Kendrick Louis, and more, who led inspiring drills in the surf and on the beach. 3 x Ironwoman Series Champion Lana Rogers summed it up best: "Nippers is where it all starts. Seeing hundreds of kids learning from the best is a reminder of how programs like these build skills, confidence, and a love for the ocean.” We are grateful to everyone who made this event a success and to the incredible nippers who represent the future of our beaches. Shaw and Partners is proud to support such a vibrant and impactful surf lifesaving community!

What an extraordinary evening under the big top at the Shaw and Partners WA Race Week Welcome Dinner! Over 170 guests—including Shaw and Partners management team and advisers, athletes, and supporters from the paddling community—gathered at the Sorrento SLSC to kick off the biggest week in ocean ski paddling history. The event celebrates the world’s top paddlers competing for an incredible $240,000 prize pool. The evening began with a warm welcome from Shaw and Partners CEO Earl Evans, followed by an engaging Q&A session with Paris 2024 Olympic medallists and Shaw and Partners brand ambassadors Riley Fitzsimmons OLY and Jean van der Westhuyzen OAM OLY, hosted by Gotcha4Life Foundation founder Gus Worland. Adding to the inspiration, Steve Dresler, founder of What Ability, shared insights about the meaningful work his organisation does. The night concluded with the presentation of $25,000 donations from the Shaw and Partners Foundation to both the What Ability Foundation and the Gotcha4Life Foundation, reinforcing Shaw and Partners' commitment to community and giving back.

Shaw and Partners is pleased to have been appointed as a Joint Lead Manager to a capital raising by Regal Investment Fund. The Fund is raising approximately A$95.3 million by way of a non-underwritten placement of up to 27.9 million new fully paid units in RF1 to professional and sophisticated investors. Eligible unitholders are entitled to participate in a non-underwritten Unit Purchase Plan (UPP) to raise approximately A$30 million. New units issued under the Offer to be issued at $3.41 per unit. The Offer Price reflects a 5.3% discount to the last traded price on 18 November 2024 of A$3.60 and equal to the most recently announced NTA as of 15 November 2024. Proceeds from the placement will be allocated across RF1’s strategies in line the Fund’s investment objectives. The issue of new units is expected to provide greater market liquidity and allow unitholders to increase their unitholding to further support the RF1 mandate. Congratulations to Philip King and the Regal Funds Management team on a successful capital raising. The issuer of the securities is Regal Investment Fund. Offers of the securities will be made to retail shareholders as set out in the UPP Offer Booklet expected to be sent to eligible shareholders on 25 November 2024. Eligible shareholders should consider the disclosure documents carefully before deciding whether to acquire the securities. To acquire securities under the offer investors will need to complete an application process as detailed in the offer booklet.

Where has all the credit risk gone? In the past 12 months to the end of September, the Australian Securities and Investments Commission (ASIC) has registered 12,191 insolvencies – a record. At the same time, the Australian Prudential Regulatory Authority (APRA) registered that amongst all Authorised Deposit taking Institutions (ADIs), impaired facilities and past due items represent only 1.1% of gross loans and advances as at the end of June. Many investors are waiting to see the insolvency data turn up in bad debt charges, but so far they have not. I love a good chart by Martin Crabb, Chief Investment Officer at Shaw and Partners.

While US stocks started the week higher, the post-election rally lost momentum as the week went on, with investors reacting to the first picks for the new Trump administration. Healthcare stocks were notably under pressure on Friday in response to Robert F. Kennedy Jr., a vaccine sceptic, being picked to lead the Health and Human Services Department. Meanwhile, Elon Musk was tapped to be co-head of a new Department of Government Efficiency, adding support to the Tesla ‘Trump trade’. However, the stock later lost ground and was ultimately lower for the week on news that consumer tax credits for electric vehicle purchases could be eliminated under the new government. For the week, the S&P 500 declined 2.1%, eroding some of the prior week’s gains. The Dow Jones Industrial average lost 1.2% while the Nasdaq Composite was down 3.2%.   Read full Shaw and Partners article here 👉 https://lnkd.in/eDZJ88_F

It was a pleasure to host Moz Afzal, EFG International’s Global CIO, last week during his Australian Global Macro Roadshow at the Shaw and Partners offices nationwide. Moz shared timely insights with our clients, covering the immediate impact of the US election, economic updates, and global inflation and interest rate expectations across major regions including the US, UK, Europe, and China. He also provided an in-depth analysis of the current global market landscape, discussing strategic market positioning, asset allocation perspectives, sector trends, and strategies for fixed income and equities. For more of Moz’s expert insights, tune into his podcast, ‘Beyond the Benchmark,’ available here. https://lnkd.in/gJxFAM4D Thank you Moz for joining us Down Under—looking forward to your next visit!

Massive congratulations to Will Brown for winning the Supercar Drivers Championship and delivering the drive of the year—charging from last to first in Race 24 yesterday in Adelaide! What an incredible way to end his historic maiden season with Red Bull Ampol Racing! Well done to the entire Red Bull Ampol Racing team for securing the Teams Championship and to Broc Feeney for clinching 2nd place in the championship, pole position on Sunday, and a huge win on Saturday. Shaw and Partners has proudly partnered with Will Brown since his Supercars debut four years ago, and we could not be happier to see him crowned champion. This year, Shaw and Partners also had the privilege of partnering with Red Bull Ampol Racing and what an incredible season it’s been! Go Will, go Red Bull, and go Shaw and Partners! 

𝐂𝐀𝐋𝐋𝐈𝐍𝐆 𝐀𝐋𝐋 𝐍𝐈𝐏𝐏𝐄𝐑𝐒!  Join in the action of Shaw and Partners WA Race Week, with our mega-Nipper clinic at Sorrento SLS Club WA. Meet the surf stars as Australia’s top ironmen and ironwomen share their tricks of the trade! This event is FREE, but you’ll need to register through your club today. Sorrento SLS Club Sunday 24 November 2024 at 9am Followed by 11.00am Q&A in club for nippers and parents.

Interlude. October saw stocks trend lower, with the S&P 500 ending a five-month winning streak, and the Nasdaq Composite down for the first time in three months. Small-cap stocks, represented by the Russell 2000, continued to lag behind large-cap stocks for a third consecutive month. Underperformers included semiconductors (SOX -4.4%), homebuilders, housing-linked retail, and China tech. Big tech mostly outperformed, led by Nvidia (+9.2%), though Tesla (-4.6%) slipped despite strong earnings. Other sectors that showed strength included energy, cruise lines, regional banks, trucking, and aluminum. The Shaw and Partners Growth Goal Portfolio returned 0.28%, below its return objective of 0.78%. Since inception, the portfolio has returned an annualised 9.01%, 2.72% above its return objective. Download SMA reports 👉 https://lnkd.in/gk6uHzMG

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