Koda Lures Wealthy Australians with Offbeat Private Assets
The licenses include sustainably caught lobsters, coral trout, spanner crabs and mud crabs.
Photographer: Ron D'Raine/Bloomberg
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Australia’s rich are turning to obscure corners of private assets such as lobster-catching licences as they seek investments where returns are less volatile than public markets.
Sydney-based Koda Capital, one of the country’s largest independent wealth advisors, which has grown to managing A$15 billion ($9.4 billion) from its founding a decade ago, is expanding the variety of alternative investments it can offer to the fast-growing rich, chief investment officer Norman Zhang said.