Greg Cooper was for many years the Chief Executive Officer for Schroder Investment Management in Australia. More recently, he joined TCorp, the AU$ 93 billion government asset manager for the state of NSW, as chair of the investment committee and non-executive director. We speak with Greg about whether public markets are broken, the state of active management and his interest in the venture capital space.
Greg Cooper podcast overview:
1:00 Starting out in actuarial studies
3:00 Focussing on Japanese equities
4:00 Compared to 1986, Japanese equities are still at the same level
5:00 What were some of the highlights of your career at Schroders?
6:50 We’ve moved on from strategic asset allocation
7:55 As a CEO, don’t be afraid of what others think and try to draw out ideas
9:35 Are public markets broken?
11:00 Not having a well-developed VC industry means that a lot of good ideas get starved of capital and eventually go offshore
11:30 Will that change when the effect of QE goes away?
15:00 No investor is entirely passive.
16:30 Passive rose, because active had too large a share, but you can’t have a 100 per cent passive investment market
17:30 Will value-style investing come back?
21:30 You have an interest in fintech and hold a board position at OpenInvest?
25:00 Joining the TCorp board and chairing the investment committee