Ricky Sandler’s stock pick at the Sohn Hearts & Minds conference last year rallied 70 per cent. He’s back this year to support medical research.
When New York-based hedge fund manager Ricky Sandler arrived in Australia a year ago to spend time with his son who was studying in Sydney, he didn’t expect to become the reigning champion of a philanthropic investor conference.
“That’s an unrealistic expectation,” he says. “One of the things that goes back to the emotion of investing is that having unrealistic expectations is not good or helpful.” “My personal view is that inflation will come down but not quite to the levels that it existed pre-COVID. At least in the US, I don’t see inflation coming down to 2 per cent again.”Sandler attributes this to long-term structural changes such as ESG infrastructure. “We’re building a whole new energy system, which we already have,” he says. “It’s not new productive capital, it’s capital that’s going in to rebuild something we have, similar to rebuilding supply chains for nearshoring.
“Normally, we have about 60 per cent domestic fund managers and 40 per cent from offshore,” he says. “This year, it’s swung the other way. It’s about 80 per cent offshore.”
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