Two streams.
One river.
Enduring returns.

A boutique investment manager bridging the growth potential of public equities with the defensive stability of private credit and property — delivering consistent, compounding income for investors.

20+
Years combined
experience
2
Distinct income
streams
2026
Year of
establishment
The Firm
Rooted in heritage.
Built for endurance.

Medway Asset Management is named for the River Medway in Kent, England — a waterway that has connected diverse landscapes and facilitated commerce for centuries. Just as the Medway flows from distinct tributaries into a singular, powerful river, we harness two distinct income streams to build resilient, compounding capital for our clients.

"When managed together, equities and credit provide a more stable and predictable flow of income than either could achieve in isolation."

Founded by Paul Bray, whose family heritage traces to the Garden of England, Medway bridges the gap between the growth potential of public equities and the defensive stability of property and private credit.

Paul Bray
Founder & Portfolio Manager

Deep personal connection to the firm's heritage ensures a long-term stewardship mindset rather than a transactional one. Over 20 years navigating model portfolios and asset allocation frameworks across rising and falling markets.

Otto Rieth
Head of Asset Allocation & Director

Focused on delivering balanced portfolio outcomes aligned to each client's risk tolerance, income requirements, and need for transparency across all investment positions.

Investment Strategy
A Barbell built to perform
across every phase of the cycle.
Stream One
Equity Income

Focused on dividend aristocrats and high-conviction, cash-flow-positive Australian and global equities. Capturing franked dividends, capital growth, and participation in economic upside.

  • Strong balance sheets and competitive moats
  • Sustainable payout ratios
  • Australian and global equities universe
  • Fully franked dividend focus
Stream Two
Private Credit
& Property

Senior-secured lending, diversified property funds, and asset-backed securities. Consistent, contractual yield with high capital preservation and low correlation to equity market volatility.

  • Robust collateral and conservative LVRs
  • Long-term leases, high-quality tenants
  • High-growth corridors with development upside
  • Rigorous forensic due diligence

In bull markets, we capture equity upside. In volatile periods, we lean into the contractual protections of private credit. The river flows either way.

Philosophy
What we stand for.
Consistency

Our ability to generate income for investors should be a reliable constant — not a function of market conditions. The river flows regardless of the season.

Transparency

We provide clients with look-through clarity on every investment in the portfolio. No black boxes. No ambiguity. Full visibility at all times.

Resilience

The Medway has flowed for millennia. We build portfolios designed to withstand decadal shifts in the economy — preserving capital through cycles, not reacting to them.

Advice

Medway is building toward a full-service wealth management offering — augmenting our investment capability with financial planning and accounting across Sydney and Melbourne.

Contact
Investor Enquiries

Whether you're an individual investor, financial adviser, or institutional partner, we welcome the opportunity to discuss how Medway can serve your needs.

Send an Enquiry
Address
Angel Place, Level 31
123 Pitt Street, Sydney NSW 2000