Ian Macoun - make it better: building investment excellence that lasts

What separates enduring investment managers from the rest? A masterclass on alignment, private markets and long-term capital stewardship.
David Clark

Koda Capital

If you’ve recently had a liquidity event, inherited complexity, or are quietly wondering whether your portfolio is truly built for the next 30 years, this episode is essential listening.

In this conversation, Ian Macoun, founding CEO of Queensland Investment Corporation and Founder of Pinnacle Investment Management, joins David Clark to unpack what actually drives sustained investment excellence, and what quietly destroys it.

With over $200 billion under management across 19 affiliates, Pinnacle has become one of Australia’s most successful multi-affiliate investment firms. But this episode is not about scale. It’s about structure, incentives, character, and long-term alignment.

For sophisticated investors managing significant capital, this discussion goes directly to the hard questions:

  • Why do some fund managers endure decades while others fade?
  • How do you distinguish confidence from dangerous ego?
  • Is private credit a structural allocation, or the next bubble?
  • How should wealthy operators think differently about portfolio construction?
  • What does AI mean for growth investing?
  • Where are private markets heading next?

Ian’s philosophy is simple but demanding: excellence is the only standard. And that applies to both managers and investors.

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This research note has been prepared without consideration of any client's investment objectives, financial situation or needs. Before acting on any advice in this document, Koda Capital Pty Ltd recommends that you consider whether this is appropriate for your circumstances. While this document is based on the information from sources which are considered reliable, Koda Capital Pty Ltd, its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate. Koda does not accept any responsibility to inform you of any matter that subsequently comes to its notice, which may affect any of the information contained in this document. © Copyright Koda Capital 2020 | AFSL: 452 581 | ABN: 65 166 491 961 | www.kodacapital.com

David Clark
Adviser & Partner
Koda Capital

David Clark is an Adviser & Partner at Koda Capital. In his podcast ‘Inside the Rope’, David interviews some of the leading minds in wealth management.

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