Singapore Hedge Funds Club
Evening Reception, 25 Mar 2020 - POSTPONED!
Hong Kong Hedge Funds Club
Evening Reception, 23 Apr 2020 - POSTPONED!
Singapore Hedge Funds Club
Evening Reception, 2 Sep 2020
Sydney Hedge Funds Club
Evening Reception, 8 Sep 2020
Hong Kong Hedge Funds Club
Evening Reception, 5 Nov 2020
Tokyo Hedge Funds Club
16th Annual Year-End Evening Reception, 7 Dec 2020
Monthly Archives: December 2019
Australian businessman Jamie Wilson had a highly successful accounting practice specialising in HNWIs before he established Cryptoloc Technology. Cryptoloc provides cryptographic technology to ensure users have control over the information they store and transmit. In connection with Cryptoloc’s participation as a sponsor of the recent Hedge Funds Club year-end event in Tokyo, HFC’s Stefan Nilsson had a chat with Jamie.
You launched Cryptoloc Technology in 2010 in Brisbane, Australia. Prior to that, you ran an accounting practice for HNWIs. What made you launch a cybersecurity firm?
It was out of a devastating life event that started me on the journey of cybersecurity. In 2010 I lost my father to pancreatic cancer and the struggle to find his crucial documents such as will, insurance policies and share portfolio. This led me on a search for a secure legacy product and when it didn’t exist, I made the decision to create one. This then led to another search to find data security capable of protecting such valuable documents, which again I did not find, so I began the pursuit of creating that too.
Cryptoloc is focused on data security and cloud storage solutions. Do you think growth is driven by ever-increasing legal and compliance requirements or actual security concerns and threats?
I would say the growth is from the increasing cyber warfare that we are facing today. With data more valuable than oil, people are starting to understand the value of their data and privacy. This drives the increasing legal and compliance demands as they try to keep up and ensure that best practices are being implemented to protect people’s data and privacy.
What are the most important security issues fund managers and investors should be aware of today?
Cyber warfare is only on the increase with data and privacy continues to be in the world’s top five properties. Email has become a convenience that we take for granted, but it is both not secure and also the medium through which many security breaches occur.
Was it easy to put together a world-class tech and business team in Brisbane or did you have to bring in people from elsewhere?
It was not easy as a lot of people thought I was crazy when I wanted to create a virtual vault that only you had access to. It was in 2012 that we first cut code and that was because my first engineer lost his mother suddenly and understood the value of what I wanted to achieve.
Do you feel that it is sometimes hard to bridge the worlds of tech on the one side and business and investment professionals on the other side?
Yes. Why? Because there is so much noise around cybersecurity solutions and large investments that have not been successful in delivering on what was promised. So, when looking for investment, many investors have lost money on other security investments creating a challenge for us to gain their trust.
Is there a cultural mountain to climb or do both sides understand each other and speak the same language?
I don’t believe there is a cultural mountain to climb. I would say it’s a confidence issue.
What makes Cryptoloc different from other security services and solutions available to investors and fund managers?
Cryptoloc stands guard protecting your data when it is stored, in use or during transfer. We do this through encryption technology that puts you in full control of your information. Cryptoloc is an encryption technology solution giving you full control as the owner of the data through a unique patented system that turns each ﬁle you create into three separate encrypted pieces of data which are sorted separately in the cloud.
Interview: Rod Kafer, World Cup-winning rugby player and prime broker, sums up the 2019 Rugby World Cup
The 2019 Rugby World Cup in Japan is over. Rod Kafer, who won the 1999 Rugby World Cup with Australia and then stayed involved with rugby as a coach and TV commentator, is now working with Hedge Funds Club sponsor Invast Global’s prime brokerage team in Sydney. Having attended the Sydney Hedge Funds Club event in September, Kafer then travelled to Japan to cover the World Cup for Fox Sports. HFC’s Stefan Nilsson met up with Rod Kafer in Tokyo during the World Cup and following the final got Kafer to sum up his thoughts about the tournament.
You spent nearly two months here in Japan as a Rugby World Cup TV commentator for Fox Sports. Apart from seeing a lot of rugby, what did you experience during this extended stint in Japan?
Having been to Japan for rugby previously on a few occasions I had a reasonable idea of what to expect. However, what surprised me most, was the passion and support that the Japanese people had for the game and the traditions of the game. To see Japanese couples in the stands wearing opposing teams’ jerseys as supporters and yet managing to sing the national anthems prior to the match for both sides, was something I have never seen before. The willingness of the local community to embrace a foreign sport as in-depth as the people did, truly shows the level of engagement the game garnered over the seven weeks of the tournament. Any visit to Japan would not be complete without a review of the food and drink consumed, and what a culinary experience it was. From the island of Hokkaido enjoying the king crab and my favourite beer ever tasted – The Sapporo Classic, it’s so good that it is only available in Sapporo and not exported off the Island; or heart-warming ramen after onsen in the south in Oita on Kyushu; to any of the various dishes on offer in Tokyo, the food was never a disappointment and I enjoyed every meal. Former Japan and Suntory coach Keisuke Sawaki took me for a feast at a favourite sushi restaurant in Gonpachi, and it is hard to put into words how magnificent the food was, washed down with a Suntory Malt Beer, of course, then followed with a Roku gin and tonic, a drink that Eddie Jones was advertising – was some experience on a number of different levels.
Host nation Japan, for the very first time, went through the group stages unbeaten – including great victories over Ireland and Scotland – and made it to the quarter-finals where South Africa proved too tough. Was Japan’s Brave Blossoms’ success a surprise to you?
Every Rugby World Cup has produced teams that have surprised – Japan has now done it twice! I recall seeing Japan play in 1987 prior to the Rugby World Cup and losing to New Zealand by over 100 points, to see them play in 2015 as they did and so narrowly miss the quarter-finals was a shame and suspected they had the ability to improve whilst playing at home. However defeating Ireland this time, a team who had only weeks before been the number one team in the world, was breathtaking; then to back it up over Scotland – who they failed to beat in 2015, proved they not only have the courage but the tactics, the skills and the playing depth, to be a team who could be a top 8 team in the world in the near future. Losing in a quarter-final to the eventual winners of the tournament, in a game where the Springboks had to revert to a style of play designed to bludgeon Japan, fearing they did not have the skills to match Japan head-on, reflects how far the team has come and was a sign of respect the Brave Blossoms had amassed in only a matter of weeks. They truly shocked the rugby world.
Japan’s playing style, which includes some stunning running rugby, is rather different from the more rough-and-tough rugby of some teams with taller and bigger players. Do you think that Japan’s relative success with its playing style may influence other emerging national teams?
Underestimating the work and effort that the Japanese team put into their preparation for the Rugby World Cup would be an error and easy to overlook, and therefore easy to think they produced a playing style that others could easily replicate. It might appear easy to duplicate, but it’s difficult to perfect a style of play, in the way that the Brave Blossoms did, without the time and commitment to be exceptional at your craft. Japan was expertly coached, over a four-year period, by Jamie Joseph – the former All Black and Brave Blossom player; and Tony Brown, both who have had extensive coaching experience in Japan, and therefore understand the local culture well enough to design strategy to suit their players. What was exceptional about Japan’s play, was the high level of skill that the players showed under pressure in all aspects of the game. Their play evolved into a complete game with few weaknesses and a belief and understanding of their strengths and weaknesses, that opposition teams found difficult to counter. They managed their playing resources in such a way as to get the absolute maximum out of the team they had. They innovated in areas where they were at a disadvantage and then capitalised in the areas where they were better than their opposition. Catching Ireland on a hot, humid night in Shizuoka certainly helped the supremely fit and lighter weight forward pack where team selection from Jamie Joseph played a role in dealing with the conditions on the day, in a game where Japan excelled, and were worthy winners.
What do you think the success of Japan as a Rugby World Cup host nation will mean for rugby’s future?
The great challenge for Japan rugby and indeed world rugby is to build a legacy that lasts for generations. It was obvious that the Japanese population embraced the game and the tournament. With the success that Japan had, the opportunity exists to promote the game in a way to garner the hearts and minds of the population. Focusing on a grassroots, ground-up approach within schools, with the appropriate level of investment, could deliver a game and a supporter base that will eventually sustain a truly professional competition to augment and capitalise on the existing company-based top league.
Aussie Eddie Jones, a former coach of both Australia and Japan, did rather well at this World Cup, taking England all the way to the final. Do you reckon he should soon come home to Australia and take charge of the Wallabies to bring them back to glory?
Eddie is a world-class coach and has demonstrated that over many years, in a variety of environments, in a variety of roles. Unfortunately, Eddie is contracted with England and therefore not an option to coach the Wallabies. I am encouraged however by the recent appointment of Dave Rennie to the Wallabies. Dave is an excellent coach with a fantastic pedigree and a proven history of success. I am looking forward to seeing him continue that in Wallaby Gold.
South Africa are the new world champions of rugby. Did you expect them to do this well prior to the Rugby World Cup starting?
Yes, I did. I had predicted the final prior to the tournament, however, had England winning over South Africa, so got that wrong! South Africa had all the elements needed to perform well in a World Cup, and as is often the way, did not have to beat the best team in the world, as England did it for them in the epic semi-final. South Africa was able to preserve the most amount of energy in the group stages adopting a conservative game plan that allowed them to play the final at a pace that England was unable to compete with. They were excellently prepared and peaked for the final to perfection. The return of Cheslin Kolbe was a major boost for the psyche of the team and his try late in the match showed the quality of the world-class finisher. The Springboks were worthy three-time champions.
Your fellow Fox Sports commentator is Tim Horan, a two-time World Cup winner with the Wallabies. Is there a bit of rivalry between the two of you in the studio or are you just good mates supporting each other?
I am fortunate to work with some of the greatest players in Wallaby history – not just Horan, but Gregan, Kearns, Martin, Hoiles, Harrison and Mitchell – they make a pretty formidable line up of talent. Whilst not all of us have played directly with each other, we all cross over in a way that everyone has played with at least two others on the list and therefore we have, what Justin Harrison likes to refer to as a “golden thread” running through us. We are all great mates and enjoy one another’s company.
You and several other former rugby stars have made the transition into successful business careers. Is it the competitive instincts and winner mentality that help some former rugby players succeed in business?
One of the great challenges as a former player, is you have a career in rugby until sometime in your mid-30s, if you are lucky, and may have had some great highs, and certainly some lows as well, and then often transition into a completely new industry, which may have little applicability to your time in the game. Whilst you have garnered certain skills during your playing career, you have also missed many of the lessons that you would have learnt had you followed a more traditional business or career path through your 20s and 30s. After the game, you can find yourself as a rookie in a new industry at the age of 35, 40, or sometimes 47, as I have, and need to learn and adapt as quickly as you can to be successful. I think one of the greatest challenges for ex-sportspeople, is trying to replicate the enjoyment you had as a player, playing the game you loved, in a new environment that is not as fulfilling as playing a sport for a living. I think the competitive instincts that sportspeople have are often specific to the sport they play, and at times do not translate outside of that world. Certainly, in business I have met incredibly focused and competitive people equal to any of the great rugby players’ competitive instincts, however, sportspeople are typically able to bring a work ethic and sense of teamwork that most businesses value. For many sportspeople, the measure of success in business probably has more to do with their ability to find joy in their new career. I have been involved in several businesses since finishing as a player. I have founded and sold a couple of businesses and had success and failure in business as in life. However, my time at Invast Global has been immensely enjoyable and incredibly rewarding. I consider that to be an outstanding success and look forward to it continuing.