HMC Capital Comeback Tour and AFG Fights Housing Slump: With Star Fund Manager Luke Laretive

Luke Laretive joins Adam and Adir to unpack how Seneca approaches active investing, why its small-cap fund uses an unusually aligned fee structure, and where he still sees opportunities in an increasingly passive market. They dig into Australian Finance Group’s mortgage and lending business, HMC Capital’s brutal repricing, HealthCo and Healthscope, DigiCo, private credit and why the market may be overlooking some very cheap assets.00:00 - Luke Laretive and Seneca16:05 - AFG Deep Dive32:14 - HMC Capital Deep Dive40:11 - HealthCo, DigiCo and Private CreditThis episode was part of a paid partnership with Seneca Financial Solutions. We thank them for supporting the pod and keeping all of our content free.Visit https://senecafs.com.au/ to learn more.Join us on Substack for articles, news and more: https://www.thecontrarianspod.com/