Full Year 2024 Wam Alternative Assets Ltd Earnings Call Transcript
Key Points
- The portfolio achieved a solid performance with a little over 5% growth in the last 12 months.
- Since Wilson Asset Management took over, the portfolio has grown by approximately 9.8%.
- The company is democratizing access to private equity, providing a balanced portfolio option.
- The portfolio includes a strong defensive segment with stable investments in infrastructure, healthcare, real estate, and private debt.
- The company has successfully exited 75% of its inherited investments, indicating effective portfolio management.
- The portfolio is still trading at a 13% discount to NTA, despite efforts to narrow this gap.
- The market environment has been challenging, with low transaction volumes affecting private equity exits.
- The valuation process is complex and varies across asset classes, which can be difficult for investors to understand.
- There is uncertainty regarding the premium target, which may deter potential investors.
- The company has faced difficulties in reducing its allocation to water rights, which has been volatile due to climate factors.
Good afternoon. My name is Geoff Wilson, and I'm one of the board members and also on the IC of WAM Alternative Assets. Thank you very much for --
Yeah, I know, we've got hundreds of people that have called into this webinar. I mean, it is your company. So thank you for any ideas, feedback, and we're here to report on as we always do on a six-monthly basis. Just how we've performed with your capital.
In terms of the results, we'll go through the results in detail. We'll open up for a lot of questions. I'm really pleased that not only Dania is the portfolio manager we are presenting and going through a lot of details. We've got Sally Box's, but also on the Investment Committee and has a lot of experience in this -- in the unlisted spikes.
Then we'll -- after we have gone through a little bit of the presentation, we'll open up for any questions you've got. And Bridget, from one of our Senior Corporate Affairs people, we'll take your questions. And thank you already a number of questions have been sent in so, thanks for that.
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