{"id":3057,"date":"2025-05-20T01:29:24","date_gmt":"2025-05-20T01:29:24","guid":{"rendered":"https:\/\/tat.capital\/?p=3057"},"modified":"2025-07-15T01:28:50","modified_gmt":"2025-07-15T01:28:50","slug":"global-fo-trends-where-australian-family-offices-are-investing","status":"publish","type":"post","link":"https:\/\/tat.capital\/?p=3057","title":{"rendered":"Global FO Trends &amp; Where Australian Family Offices are Investing"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3057\" class=\"elementor elementor-3057\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a31e393 e-flex e-con-boxed e-con e-parent\" data-id=\"a31e393\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-12bbb93 elementor-widget elementor-widget-heading\" data-id=\"12bbb93\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Global FO Trends & Where Australian Family Offices are Investing<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b76536 hfe-post-info-layout-inline elementor-widget elementor-widget-post-info-widget\" data-id=\"4b76536\" data-element_type=\"widget\" data-widget_type=\"post-info-widget.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"hfe-post-info-inline hfe-post-info-items hfe-post-info\">\n\t\t\t\t\t<li class=\"hfe-post-info-item elementor-repeater-item-b6394d6 hfe-post-info-inline-item\" itemprop=\"datePublished\"> \n\t\t\t\t\t\t\t<a href=\"https:\/\/tat.capital\/?m=20250520\">\n\t\t\t\n\t\t\t\t\t<span class=\"hfe-post-info-text hfe-post-info__item hfe-post-info__item--type-date\">\n\t\t\t\n\t\t\t\t\t\t\tMay 20, 2025\t\t\t\t\t<\/span>\n\t\t\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t<li class=\"hfe-post-info-item elementor-repeater-item-4cac162 hfe-post-info-inline-item\"> \n\t\t\t\n\t\t\t\t\t<span class=\"hfe-post-info-text hfe-post-info__item hfe-post-info__item--type-time\">\n\t\t\t\n\t\t\t\t\t\t\t1:29 am\t\t\t\t\t<\/span>\n\t\t\n\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0308a36 elementor-widget elementor-widget-text-editor\" data-id=\"0308a36\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Introduction<\/span><\/p><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">Our direct reach to principals of 350 single family offices (SFOs) and executives of 50 multi-family offices (MFOs) with a total wealth of $473.5 billion as at December 2016 \u2013 across Australia, New Zealand and the Indian subcontinent, has provided great insight into the family office sector in Australia.<\/p><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">Our observations of the family office space has been consistent with these emerging global trends:<\/p><ol style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">Growing number of ultra high net-worth (UHNW) individuals around the world, especially in the Asia-Pacific region (10% rise from 2015);<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">More affluent families seeking out experienced professionals to manage their wealth to fit their specific financial goals and risk tolerances;<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">UHNW individuals demanding professional and customised financial services.<\/li><\/ol><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">Globally, it is estimated that there are approximately 4,000 to 5,000 family offices, of which only 3 to 5% are based in the Asia-Pacific region, suggesting a significant growth potential over the next 5 to 10 years for the family office sector, and the wealth management industry in the region. According to 2016 global research by PwC entitled, \u2018Great Expectations: The next generation of family business leaders, the next generation of family business leaders&#8217;; in the next five years, 40% of family businesses globally will prepare to hand over the business to a new generation.\u00a0With predictions of a massive transition of wealth between generations in coming years, the race to stay ahead of their needs will trigger a new role for the family office and their wealth advisors.<\/p><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">We are starting to see several financial service players positioning themselves accordingly, such as Evans &amp; Partners, Escala, Koda, Findex and Crestone.<\/p><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">Crestone acquired UBS Wealth Management in Australia\u00a0and partnered with firms including Commonwealth Bank of Australia, UBS, platform provider Avaloq, and Credit Suisse.<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">Mutual Trust appointed Nasdaq-listed Northern Trust to supply global custody services for a portfolio of international assets, and recently expanded into Sydney.<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">Myer family\u2019s MFCo has lowered its forward expectations because of lower than expected global labour force expansion and ongoing technological disruption that continued to cut profit margins for incumbent firms.<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">Keystone Private and EWM Group \u2013 between them oversee a significant chunk of Queensland\u2019s richest families private wealth.<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">Melbourne wealth management firm Escala Partners is making its first step into Sydney through a merger with Family Office Research and Management (FORM), which handles investments for wealthy families. Escala was established two and a half years ago by a group of former UBS advisers. It now manages $2.2 billion for more than 400 clients.<\/li><\/ul><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">UHNWs are engaging family offices to avoid embarrassing and costly family feuds, such as that suffered by mining magnate Gina Rinehart. Legal firms have also played a significant role, such as the James and Gretel Packer settlement carried out by Baker &amp; McKenzie. \u00a0At the same time, accounting firms are pushing back, offering fully fledged wealth management and investment services to high net worth individuals.<\/p><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Here are some of the \u00a0family office investment highlights, which have been shared in the public domain over the past 12 months:<\/span><\/p><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Acorn Managed Investments<\/span>\u00a0\u2013 invests into Follow it (two-sided platform which provides a Facebook-like real-time feed of listed properties), a Sydney startup combining social media and real estate has closed a $2 million funding round valuing the company at $20 million as it prepares to roll-out its communications platform nationally.<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Allan Moss Investments<\/span>\u00a0\u2013 Allan Moss has recently invested into India Equities (India Avenue Investment Management), Chimp Change (ASX:CCA) at Pre-IPO stage and start-up Expert360 (online consulting).<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Bangarra Group<\/span>\u00a0\u2013 Bennelong Funds Management is the Group\u2019s incubator of boutique funds management businesses, currently managing over $6 billion in Australian equities (small caps, ex-20 and large caps), as well as market neutral and absolute return hedge funds for both retail and institutional investors.<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Burnham Group<\/span>\u00a0\u2013 recently entered the funds management incubator space, alongside Challenger, Ascalon, Pinnacle, and Bennelong.<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Ellerston<\/span>\u00a0was a \u201cpre-IPO\u201d investor in two consumer goods stocks that have become stellar sharemarket successes \u2013 Bellamy\u2019s and BWX. That was largely due to insights of the listed fund managers at Ellerston who owned Blackmores and experienced the demand potential from China firsthand. Recently the Ellerston Ventures fund invested in an Australian start-up called Better Caring (online platform to match patients in need of home care with those qualified to provide it), Friendsurance (German peer-to-peer insurance company that has set up in Australia).<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Elphinstone Group<\/span>\u00a0\u2013 Dale Elphinstone owns William Adams (Caterpillar mining truck and equipment distributor in Tasmania and Victoria)and a large stake in Engenco (rail and machinery maintenance and engineering businesses). He has invested in: Senex Energy (oil and gas explorer), Atrum Coal (explorer with holdings in western Canada), Seven Group Holdings (which via its WesTrac business is the sole Caterpillar dealer in Western Australia, NSW and the ACT, and in north-east China), Seven (which also holds a substantial stake in Seven West Media), Emeco (mining services company), Thorney Opportunities (Alex Waislitz\u2019s investment vehicle), WPG Resources and Venture Minerals (which has deposits in north-west Tasmania and projects in south-east Asia).<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Hoperidge Capital<\/span>\u00a0\u2013 Rod Jones holds the following investments: Navitas \u2013 ASX:NVT (education provider education provider), Pioneer Credit (financial services firm), Spookfish \u2013 ASX:SFI (geospatial imagery company), Updater Inc \u2013 ASX:UPD (develops technology to improve the consumer relocation process), 4DS Memory \u2013 ASX: (data storage company), Digital X \u2013 ASX:DCC (blockchain payments solutions firm), Acacia Coal \u2013 ASX:AJC (which has a coal tenement in Queensland\u2019s Bowen Basin), Cradle Resources \u2013 ASX:CXX (which is mining for niobium \u2013 used in the production of quality steel \u2013 in Tanzania), MZI Resources \u2013 ASX:MZI (mineral sands explorer), Enerdrill (Australia\u2019s largest onshore oil and gas drilling company), Merredin Energy (open-cycle gas turbine power station owner) andWelleCo (Elle Macpherson\u2019s global health food company).<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Keystone Private<\/span>\u00a0has backed India Avenue Investment Management aiming to put some distance between India and the emerging markets basket. Keystone has put equity into India Avenue as well as co-investing in the fund.<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Kin Group<\/span>\u00a0\u2013 (Geminder Holdings \u00a0\u2013 include investment entity Bennamon, commercial printing outfit P\u2019Auer and property group Centralbridge), Raphael Geminder along with his wife Fiona (one of two daughters of the late Richard Pratt): own 44% of Pact Group (ASX:PGH), 44% Pro-Pac (ASX:PPG) and 16% Colorpak (ASX:CKL). Outside the packaging industry, invested into Academies Australasia Group (education company), Closed Loop Environmental Services (installs composting units in restaurants and takes the compost to establish city gardens, grow vegetables and sell them back to restaurateurs).<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">M.H.Carnegie<\/span>\u00a0\u2013 Mark Carnegie has invested in TwoPointZero (part of The Career Insight Group, which owns executive outplacement providers Directioneering and Audrey Page) a career coaching business aimed at 16 to 30-year-olds to help them transition from education to employment.<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">MFCo<\/span>\u00a0\u2013 Myer family Investments (MFI), the holding company for the Myer family\u2019s investment portfolio, \u00a0invested $5 million in Sydney start-up accelerator Blue Chilli, which takes minority shareholdings of up to 30 per cent in local start-ups in exchange for seed capital, creating the technology product and access to a start-up development program. It plans to more than double its portfolio to 100 start-ups over the next two years. MFCo has also back Para\u00addice Investment Management\u2019s Global Small Mid Cap Equities fund, which invests in stocks outside of Australia and New Zealand with market capitalisations of less than $5bn.<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Sandbar Investments\u00a0<\/span>\u2013 Darren Smorgon, along with Wingate Group and Tony Faure have poured $25 million into a startup that pumps digital advertising into doctors\u2019 waiting rooms, digital advertising company Medical Channel is looking to corner the market by acquiring its biggest rival, The Community Network.<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Silverfern Group<\/span>\u00a0invests in Waste Services Group, a Leading Australian Waste Management Company, in Partnership with The Riverside Company.<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Small Giants<\/span>\u00a0\u2013 family office of Daniel Almagor and Berry Liberman has backed Melbourne-based Impact Investment Group\u2019s (IIG) Giant Leap Fund has made its first two investments: Sendle (disruptive and rapidly growing parcel delivery and postal service that is challenging Australia Post with a convenient, affordable, trackable and fully carbon offset pick-up and delivery service) and YourGrocer (offers same-day delivery from local small businesses including butchers, green grocers, bakers and delicatessens).<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Spotlight Retail Group<\/span>\u00a0(SRG) owners Zac Fried and Morry Fraid, is part of the Home Consortium, a group of wealthy business owners and private families who claimed the 61 Masters stores and 21 development sites as part of an $830 million deal with Woolworths. Other members of Home Consortium include Chemist Warehouse Group (Mario Verrochi and Jack Gance), and Aurrum Group (UBS banker David Di Pilla). The Consortium is hoping to turn the sites into massive homemakers centres.<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Thorney Invest<\/span>\u00a0\u2013 Marc Besen and Frank Costa have backed Alex Waislitz\u2019s latest listed investment company, Thorney Technologies listed on the ASX in January 2017 after raising about $42 million from investors, led by the billionaire Waislitz himself. The company has been seeded with stakes in six listed technologies companies: Adacel, OneVue Holdings (funds management wealth platform provider), Anatara Lifesciences (which makes products to fight gastrointestinal diseases in animals and humans), HUB24 (Superannuation and investment platform), Updater Inc (company that offers services to help people update their details when they move house), Dubber Corp (Cloud based call recording software). Thorney Technologies will also invest in venture capital and pre-IPO firms with a focus on technology primarily in Australia, the United States and Israel.\u00a0Waislitz\u00a0(princiapsl of Thorney Invest) has built his wealth via canny investments that include biotech company Mesoblast and Liquefied Natural Gas. Waislitz\u2019s Thorney Investments, began with shares in Amcor, other investments include: Webjet (online travel booking company), Adacel Technologies (which sells air-traffic control systems and simulators), Mayne Pharma and AMA Group (auto accessories business). Thorney Opportunities\u2019 two biggest holdings are in Money3 Corporation and Service Stream.<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Tulla Group<\/span>\u00a0\u2013 Maloney family office has backed Capital Pitch (funding platform that helps startups connect with venture capitalist), to the\u00a0Investment Platform to \u201cscreen, nurture and curate\u201d early-stage technology investments. Tulla Private Equity Group has direct investments in global mining companies, drilling companies, software companies, technology companies, digital agencies, festivals, lifestyle firms and even a thoroughbred stud. An example of a recent tech investment \u00a0Mobecom (deploying a Blockchain loyalty currency called AirBux onto the Blueshyft platform, which will allow clients to use loyalty points to buy with and earn points from everyday items).<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Besen \u2013\u00a0<\/span>also has a shareholding in poppy processing company TPI Enterprises, in which Waislitz is also a shareholder.<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Costa<\/span>\u00a0\u2013 Frank Costa has also listed his family investment firm in July 2015, Costa Group Holdings.<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Flannery<\/span>\u00a0\u2013 Brian Flannery is an ERA shareholder and holds several other small mining stocks or other good-performing companies across several industries: Energy Resources of Australia (uranium miner), Alara Resources (has a zinc and copper project in Saudi Arabia and a copper-gold exploration under way in Oman), McPherson\u2019s (health and beauty products company), WPP (advertising and marketing firm), DWS (Software company), White Energy, Ishine Resources International (tiny resources explorer, which has a variety of exploration projects underway around Australia, including a copper holding near Mt Isa and several tenements in Western Australia), Aveo (listed retirement village company) and also owns KTQ Developments along with his wife (Private property group, projects include Brisbane apartments, hotel project in Byron Bay and childcare investments).<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Harris \u2013\u00a0<\/span>Geoff Harris (founder of Flight Centre) invested into the Boost Juice chain, Fonda (Mexican eatery) and Gavl (start-up technology that puts real estate auctions live online \u2013 app allows property buyers and browsers to search a map, select a property that is using the technology and then view its auction either live or later).<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Morris \u2013\u00a0<\/span>Chris Morris (founder of Computershare), has a string of technology investments that he has become more closely involved in during the past few years as he gradually stepped away from Computershare, such as Smart Parking (which sells technology such as real-time sensors, radio frequency and number plate identification and apps to track cars in car parks and charge vehicle owners appropriately) and DTI Group (surveillance systems company). Morris also owns pub, hotels, tourism assets in Queensland, including the Townsville casino, Orpheus Island and the Daintree Eco Lodge.<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Pherous \u2013\u00a0<\/span>Jamie Pherous (founder of Corporate Travel Management), recently emerged on the top 20 shareholders list of recently listed Graphitecorp, Heemskirk Consolidate (oil and gas explorer with assets in Canada), Contango Income Generator (investment firm which buys stocks in the mid- to small-cap sector), Barrack Street Investments (company that holds shares in small and mid caps).<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Teoh<\/span>\u00a0\u2013 David and Vicky Teoh (founders of TPG Telecom) became a substantial shareholder in the listed Vita Life Sciences (which sells over-the-counter pharmaceuticals, pills and other health products in Australia, and across south-east and east Asia). The Teoh family has dabbled in other sharemarket investments, including a small shareholding in Millenium Minerals (small gold explorer), held by son Shane Teoh. Their other investments include: Cadence Capital (investment manager).<\/li><\/ul><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">St Baker<\/span>\u00a0\u2013 Philip St Baker, the son of former list member and ERM Power founder Trevor St Baker, led Graphitecorp, which plans to develop a graphite project at Cloncurry in Queensland, to a listing on the Australian Securities Exchange last December.<\/li><\/ul><p style=\"margin-bottom: 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\">\u00a0<\/p><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Atlassian<\/span>\u00a0has acquired the following tech start-ups: StatusPage, Hall,Blue Jimp, doctape, Wikidocs, HipChat, SourceTree, BitBucket; all had undisclosed terms, but their latest acquisition \u2013 \u00a0Trello was its largest buy (US$425M). \u00a0Mike Cannon-Brookes\u00a0(co-founder of Atlassian) has directly invested at IPO into H2Ocean (irst publicly-listed venture capital company in Australia), Grok Ventures, Spaceship (technology-focused superannuation fund for millennials) and Tyro (provides credit, debit, EFTPOS card acquiring, Medicare and private health fund claiming and rebating services as well as a transaction and deposit account integrated with Xero cloud accounting).\u00a0Scott Farquhar\u00a0(co-founder of Atlassian) has invested directly in SafetyCulture (an app that provides companies with a digital health and safety checklist and accompanying data analytics to help businesses detect and prevent serious problems before they occur), closed a $30 million capital raise in 2016, led by Index Ventures, valuing it at $160.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8cefc36 elementor-widget elementor-widget-button\" data-id=\"8cefc36\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/tat.capital\/wp-content\/uploads\/2025\/06\/global-fo.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download As PDF<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Global FO Trends &#038; 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