Exclusive Insights from Perennial Partners: Strategic Natural Resources Boardroom Lunch Recap
On 26 November 2025, Shaw and Partners GP Wealth hosted an exclusive boardroom lunch at Chifley Tower, Sydney, featuring Perennial Partners’ Co-Portfolio Managers Ewan Galloway and Sam Berridge. The event provided high-net-worth investors and sophisticated market participants with valuable insights into the Perennial Strategic Natural Resources Trust (SNRT) and the macro trends shaping global commodities.
The SNRT has delivered exceptional performance, achieving 16.1% in September and a 41.5% rolling 12-month return, significantly outperforming the ASX200 Resources Index. This success stems from strategic exposure to rare earths, energy services, and nuclear technology, with gold providing a steady tailwind.
Ewan and Sam highlighted how global macro drivers—such as policy easing in the US, Europe, and China, defence-related infrastructure spending, and the AI-driven shift toward resource-intensive models—are creating a durable environment for commodities and strategic materials. These trends position funds like SNRT to capture the next leg of structural commodity re-pricing.
Why This Matters for Investors
Global equity markets are rotating from financials and technology into real assets and resources. Falling real yields, renewed fiscal stimulus, and rising demand from AI, defence, and decarbonisation initiatives reinforce a supportive cycle for the resources sector. For investors seeking exposure to energy transition metals, critical minerals, and industrial supply chains, Perennial’s SNRT offers a compelling opportunity.
About the Managers
Sam Berridge brings over 20 years of experience in geology and investment management, with expertise in gold, battery metals, and energy transition themes.
Ewan Galloway has more than 15 years in resource equity analysis and portfolio management, focusing on diversified miners, base metals, and bulk commodities.
About Perennial Partners
Perennial Partners is a leading Australian investment firm with over $10 billion in assets under management, specialising in active strategies across equities, credit, and real assets. Its Strategic Natural Resources Trust provides diversified exposure to the commodities enabling the global energy transition and next-generation industrial economy.
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