Stewart Brentnall is the Chief Investment Officer of Tcorp, the asset management arm of state of NSW. In this interview we discuss the fund's move towards a total portfolio approach, how TCorp views partnerships with fund managers and his thoughts on the Canadian Model.

Overview of podcast with Stewart Brentnall:

2:00 Getting started in investing.2:40 My first boss, while I was on secondment to Clayton Utz, was Julie Bishop5:30 Building a multi-manager platform at ANZ6:00 TCorp mergers6:45 Internalisation of asset management functions7:30 Moving towards a total portfolio approach8:30 Asset classes don’t describe very well how much risk they bring to a portfolio11:00 Streamlining the portfolio and reducing the number of managers in it12:00 Equities are at the centre of the investment process and every other asset is measured against the risk/return profile of equities13:00 How were the changes received by the existing staff? Did you get any pushback?15:00 Addressing agency risk15:30 How do you look at strategic partnerships?17:30 Thoughts on passive versus active as TCorp continues to grow.19:00 Teaming up with Canadian pension funds20:00 What are your thoughts on the Canadian Model? Will it still be successful in an environment where returns are lower and so cost will need to be managed more?22:00 The governance around internalising is tricky23:00 How is TCorp positioned in this crisis environment?27:00 Role of technology