QAV Investing Podcast (Free Edition) · Tony Kynaston & Cameron Reilly

QAV AU 833 — Clime: A Masterclass with John Abernethy

·40 min·3 clips
Tony Kynaston brings his boss John Abernethy to reveal behind-the-scenes secrets of the funds management world.
John Abernethy, a veteran Australian fund manager with 40 years of experience, joins the QAV Investing Podcast for an interview. Host Tony introduces Abernethy, who is also his boss at Clime Investment Management. The episode aims to reveal the inner workings of the funds management industry from a business perspective. Abernethy began his career after qualifying in law and economics during the 1982-83 Australian recession. He initially worked as a trainee at Westpac Bank, moving through branches and head office roles. His interest in macroeconomics and investing led him to a trainee analyst position at NRMA. He remained at NRMA for over a decade, eventually becoming the equity and investment manager for the group. Under his management, the NRMA group achieved the "fund manager of the year" award in 1992. Abernethy left NRMA following its demutualization and transitioned into corporate investing. The interview explores the chaotic and opportunistic nature of career beginnings in finance. Abernethy's path from law and economics into banking and then funds management highlights a non-linear trajectory. His long tenure and award-winning success at NRMA establish his credibility in the industry. The conversation promises insights from the "other side" of the investment world, focusing on business operations rather than stock valuation. Abernethy's experience spans major institutional roles and the subsequent shift to corporate investing. His story provides a masterclass in navigating the Australian financial landscape over four decades. The tone is conversational and interview-based, with a focus on professional biography and industry insight. The style is educational, drawing on Abernethy's extensive personal experience. Listeners interested in Australian finance history and funds management operations would find this episode valuable. Those seeking specific stock analysis or investment tactics might prefer other content.
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