Prominent American political scientist, Francis Fukuyama, thought the end of the Cold-War marked the end of ideological conflict. But history has come roaring back as ideological divisions divide the world once more and geopolitical risk escalates. The world is facing a polycrisis. Multiple systemic disturbances – from the Ukraine conflict to rising US-China tensions, accelerating deglobalization and a high stakes tech war – are creating the most volatile, unpredictable and challenging investment environment since World War 2.

~ Keynote presentation at Lonsec Symposium, 4 May 2023 in Sydney.