Livewire Live – content round-up
On 9 September 2025, some of Australia’s most experienced professional investors assembled to debate critical …
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The information contained in this section is for adviser and wholesale investor use only.
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The Allan Gray Australia Funds are available for investment by New Zealand retail clients.
To comply with New Zealand law, our website provides information only about Allan Gray Australia Funds. We do not provide advice to New Zealand retail clients.
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The website is primarily designed for Australian investors.
US persons are not generally permitted to invest in the Allan Gray Australia Funds. However, we will accept applications from US persons who are genuine residents of Australia, New Zealand or South Africa.
Join us for our Allan Gray Live webinar – 15 October 2025
Register now to join us for our Allan Gray Live webinar at 1pm on 15 October 2025.
This is your chance to get your burning questions answered and hear from our team about performance across our Australian, global and multi-sector Funds. Don’t miss the opportunity to hear our analysts and investment specialists unpack recent performance and share our thesis for current portfolio positioning.
Before we dive into the Fund detail, we are also fortunate to be joined by Natalie Davis, the CEO and MD of Ramsay Health Care, one of Australia’s leading private hospital operators, to explore the organisation’s evolving strategy, the challenges facing the sector, and Ramsay’s vision for the future. It’s always fascinating to hear directly from the CEO of a company that is in the middle of structural changes in their industry and pursuing a number of different operational improvements. This is a unique opportunity to hear how Ramsay is navigating the current challenges and the rationale for our Funds’ investment.
Make sure you don’t miss this opportunity and submit your questions when you register for the webinar. As always, CPD points will be available.
Unable to attend the session live?
No problem. Please still register and we’ll send you the recording of the session to watch at your convenience.
Agenda:
- Interview with Ramsay 15 minutes
- Overview of Fund performance 15 minutes
- Q&A 15 minutes
Natalie Davis – CEO and Managing Director, Ramsay Health Care
Natalie Davis joined Ramsay Health Care in October 2024 and became CEO and Managing Director in December 2024. Previously, she was Managing Director of Woolworths Supermarkets, leading a team of 130,000 across 1,000 supermarkets in Australia, with revenue over $46 billion. She improved customer experiences and reduced staff turnover through data insights and agile working.
Natalie joined Woolworths Group in June 2015, holding roles such as Director Customer Transformation and Chief Customer Transformation Officer. She led the Voice of Customer program, fostering a customer-first culture. From July 2018 to September 2020, she was Managing Director of Woolworths NZ, overseeing 18,000 employees and 250 stores, and boosting online sales.
Before Woolworths, Natalie was a partner at McKinsey & Co. She holds an MBA from INSEAD and Bachelor of Commerce and Bachelor of Laws degrees from the University of Sydney, graduating with First Class Honours and the University Medal.
Chris Hestelow – Investment Specialist, Allan Gray
Chris is a seasoned investment specialist with over ten years of experience in financial services including previous roles at BT. Known for a strategic and analytical approach, he is responsible for managing our relationships with ratings houses and asset consultants, as well as keeping the market abreast of our portfolios. Chris holds a Bachelor of Commerce from Sydney University, majoring in Economics and Finance, and is a CFA Charterholder. When not immersed in market analysis, Chris enjoys being out on the water with a fishing rod in hand. He is passionate about financial education and regularly shares insights through editorial and media.
Tim Hillier – Analyst, Allan Gray
Tim Hillier joined Allan Gray in 2014 as an analyst. He was previously at Origin Energy from 2009 to 2013, where he occupied roles in corporate transactions, strategy and planning. From 2006 to 2009 Tim worked for Ernst & Young in their Valuations & Modelling group, having commenced his career at PricewaterhouseCoopers in 2003.
Tim holds a Bachelor of Business Science and a Post Graduate Diploma in Accounting from the University of Cape Town, and is a Chartered Financial Analyst and Chartered Accountant.
Vern du Preez – Investment Specialist, Orbis
Vern du Preez is an Investment Specialist in the Orbis Client Team in Australia. Based in Melbourne, he oversees Orbis’ relationships with research houses and supports the firm’s focus on the retail channel and product suite in Australia. Previously, Vern was a Business Development Manager at Allan Gray Australia, partnering with financial advisers and wealth management professionals across Victoria, Tasmania, and South Australia. He began his journey with the group in South Africa in 2008, gaining extensive experience before relocating to Australia. Vern holds a Master’s degree in Money and Banking and a Postgraduate Diploma in Financial Planning.
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Equity Trustees Limited ABN 46 004 031 298, AFSL No. 240975 is the responsible entity and issuer of units in the Allan Gray Australia Equity Fund ARSN 117 746 666, Allan Gray Australia Balanced Fund ARSN 615 145 974, and Allan Gray Australia Stable Fund ARSN 149 681 774 (Allan Gray Funds). Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT). Allan Gray Australia Pty Limited ABN 48 112 316 168, AFSL No. 298487 is the investment manager of the Allan Gray Funds. Neither Allan Gray Australia Pty Limited, Equity Trustees Limited nor any of their related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it.
Past performance is not a reliable indicator of future performance. There are risks involved with investing and the value of your investments may fall as well as rise. This represents Allan Gray Australia Pty Limited’s views at a point in time and may provide reasoning or rationale on why we bought or sold a particular security for the Allan Gray Funds or our clients. We may take the opposite view/position from that stated, as our view may change. This insight is not an offer or recommendation, constitutes general advice or information only and not personal financial product, tax, legal, or investment advice. It does not take into account the specific investment objectives, financial situation or individual needs of any particular person and may not be appropriate for you. We have tried to ensure that the information here is accurate in all material respects, but cannot guarantee that it is.
You should consider the relevant Product Disclosure Statement (PDS) before acquiring, holding or disposing of units in an Allan Gray Fund. The PDSs, Target Market Determinations (TMDs) and Minimum Disclosure Documents for South African investors (MDDs) can be obtained from our Forms & Documents page. Each TMD sets out who an investment in the relevant Allan Gray or Orbis Funds might be appropriate for and the circumstances that trigger a review of the TMD.
Managed investment schemes are generally medium to long-term investments. They are traded at prevailing prices and the value of units may go down as well as up. There are risks with investing the Fund and there is no guarantee of repayment of capital or return on your investment. Subject to relevant disclosure documents, managed investments can engage in borrowing and securities lending. A schedule of fees and charges is available in the PDS.
