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The Portfolio Construction Podcast

Netwealth Investments Limited
Artificial Intelligence
Deglobalization
Geopolitics
Private Equity
APIS Capital Advisors
United States
Australia
National Interests
Global Small Caps
China (solar/semiconductor Supply Chain)
Fixed Income
Globalization
GP Staking
Asia Pacific
Blackrock
Hedge Funds
Hines
Real Estate
Value Investing
Government Debt

In this podcast series, Paul O'Connor, Netwealth's Head of Investment Management & Research, picks the brains of key wealth management professionals to uncover unique insights on the investment areas they are most passionate about. Together they explore potential opportunities, challenges and considerations in the market while also sharing fascinating stories and lessons from their experience. We ... more

PublishesMonthlyEpisodes84Founded8 years ago
Number of ListenersCategories
InvestingBusiness

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Artwork for The Portfolio Construction Podcast

Latest Episodes

AI is overhyped - but are we actually early, not late? In this episode, Paul O'Connor sits down with Billy Leung from Global X to unpack why artificial intelligence may be less about hype and more about a multi‑year investment cycle. As the AI opport... more

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In this episode of the Portfolio Construction Podcast, Paul O'Connor is joined by Brett Lewthwaite to unpack how deglobalisation, rising policy intervention, and AI are combining to create a more volatile, policy‑driven market and to discuss why port... more

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In this episode of the Portfolio Construction Podcast, Paul O'Connor is joined by Josh Scoville, Global Head of Research at Hines, to explore how global real estate markets are evolving and why property cycles are starting to turn after the 2025 low.... more

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In this episode of the Portfolio Construction Podcast, Paul O'Connor is joined by Mike McCorry, Chief Investment Officer of BlackRock Australia, to unpack how AI is becoming a dominant force shaping markets, and the risks this is creating for investo... more

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Recent Guests

Brett Lewthwaite
Chief Investment Officer and Global Head of Fixed Income, Macquarie Asset Management
Macquarie Asset Management
Episode: EP84: The rise of policy‑driven markets - Macquarie Asset Management
Josh Scoville
Senior Managing Director, Global Head of Research at Hines
Hines
Episode: EP83: Beyond borders: Why going global still matters in real estate
Mike McCorry
Chief Investment Officer, BlackRock Australia
BlackRock
Episode: EP 82: The hidden risks of AI driven markets - BlackRock
Jacob Mitchell
Chief Investment Officer, Global Equities Team
Antipodes Partners
Episode: EP81: 2026 and beyond: Investing in a hype driven market - Antipodes
Matt Webb
Founder/Executive at Scarcity Partners, specialist in GP staking
Scarcity Partners
Episode: EP80: The power of investing in people - Scarcity Partners
Jay Sivapalan
Head of Australian Fixed Interest at Janus Henderson Investors
Janus Henderson Investors
Episode: EP77: From tariffs to tensions: Investing through global uncertainty - Janus Henderson Investors
Eric Almeraz
Managing partner and director of research at APIS Capital Advisors
APIS Capital Advisors
Episode: EP76: Fads, frauds & forgotten stocks in global small caps - APIS Capital Advisors

Host

Paul O'Connor
Host of the Netwealth Portfolio Construction Podcast; leads conversations with wealth management professionals to unpack investment opportunities and portfolio construction insights.

Reviews

4.0 out of 5 stars from 11 ratings
  • Great podcast

    Loving the insights

    Apple Podcasts
    5
    BobFos67
    Australia4 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Guests bring deep expertise across macro, real estate, and asset management.
Great for listeners seeking rigorous, practitioner-focused insights.
High-quality production and thoughtful episode structure.
Insightful host questions translate complex topics into actionable takeaways.
Professional, data-driven discussions with practical portfolio implications.

Chart Rankings

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Talking Points

Recent interactions between the hosts and their guests.

EP76: Fads, frauds & forgotten stocks in global small caps - APIS Capital Advisors
Q: Maybe for starters, Eric, can you provide our listeners with a brief overview of APIS Capital and what you think actually differentiates you from other investment firms?
APIS Capital differentiates itself through a long history of focusing on global small-cap opportunities with a bottom-up, cash-flow-driven approach. They emphasize edge via direct, proprietary research across multiple countries, fundamental discipline (cash flow, margins, ROIC), and a willingness to be both long and short, leveraging less-covered names to generate alpha.
EP80: The power of investing in people - Scarcity Partners
Q: What are the exit considerations and the role of competition in GP staking?
While there are large global GP staking players, Scarcity's approach emphasizes alignment with founders and non-disruptive growth, exploring exit options with potential larger buyers like Blue Owl or Goldman/Banks in the long term, though the focus remains on building durable, founder-led growth rather than immediate liquidation.
EP80: The power of investing in people - Scarcity Partners
Q: Why target mid-market managers and what does the investment universe look like?
Mid-market managers offer the right balance of growth potential and capital efficiency. Scarcity focuses on enterprises valued roughly between 50 and 200 million with holding stakes around 20-40%, aiming for long-term partnerships that keep founders incentivized while enabling scale.
EP80: The power of investing in people - Scarcity Partners
Q: How do you define GP staking and how does Scarcity differ from traditional fund investments?
GP staking is about owning a minority or select equity stake in a private markets investment manager, allowing investors to participate in the growth and economics of the manager itself rather than only the funds. Scarcity differentiates by focusing on mid-market managers, providing non-investment services to help scale the business, and maintaining strong alignment with founders rather than taking full control.
EP84: The rise of policy‑driven markets - Macquarie Asset Management
Q: Can you walk us through what these key themes are and how you think they'll be shaping markets over the year ahead?
The themes of deglobalization, NI, and AI are interlinked; we've been doing deep dives that connect macro shifts with practical market implications, guiding us to position portfolios to benefit from ongoing fragmentation and opportunities in rates and credit.

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Frequently Asked Questions About The Portfolio Construction Podcast

What is The Portfolio Construction Podcast about and what kind of topics does it cover?

The show focuses on sophisticated wealth management and portfolio construction topics, with conversations that bridge macro themes, asset classes, and practical portfolio construction insights. Episodes frequently center on geopolitics, inflation, AI-driven markets, and active vs. passive strategies, often featuring senior investment leaders from asset management, real estate, and specialized finance firms. A notable strength is bringing real-world, practitioner-grade perspectives on how policy, technology, and macro trends influence investment decisions and risk management. The format tends to combine firm process, thematic takeaways, and actionable ideas for constructing resilient portfolios in evolving markets, which should appeal to adv... more

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Which podcasts are similar to The Portfolio Construction Podcast?

These podcasts share a similar audience with The Portfolio Construction Podcast:

1. The Rules of Investing
2. Investing Compass
3. Odd Lots
4. Unhedged
5. Exchanges

How many episodes of The Portfolio Construction Podcast are there?

The Portfolio Construction Podcast launched 8 years ago and published 84 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on The Portfolio Construction Podcast?

Recent guests on The Portfolio Construction Podcast include:

1. Brett Lewthwaite
2. Josh Scoville
3. Mike McCorry
4. Jacob Mitchell
5. Matt Webb
6. Jay Sivapalan
7. Eric Almeraz

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