The Wealth Show

Mick Dillon, co-manager of the £5bn Brown Advisory Global Leaders strategy, discusses why investors need coaches just as much as athletes and the key lessons from theirs.

Peter Doherty, manager of the Sanlam Hybrid Capital Bond fund speaks about why he upped his allocation to contingent convertible bonds (CoCos) after the write down of $17bn worth of Credit Suisse AT1 bonds.

Kamil Dimmich, Citywire AAA-rated manager of the £690m Pacific North of South EM All Cap Equity fund, discusses avoiding the hottest pockets of emerging markets.

Tony Dalwood, CEO of Gresham House, discusses how the sustainability agenda has changed over the last couple of decades. He also explore natural capital and place-based investing as investment opportunities, as Gresham House is the largest UK investor in battery energy storage facilities.

Mark Barnett’s return to fund management has passed its one year anniversary, however assets in the new strategy have struggled to gain much more than £20m. The TM Tellworth UK Income and Growth fund is no doubt chasing a difficult investment sector - £1bn was taken out of UK equity funds in February alone, according to Calastone data. However, Barnett’s association with embattled fund manager Neil Woodford may have raised some continued negative sentiment around his new launch. But Barnett did not share this sentiment.

As investors brace for the global economy to enter a sustained slowdown, Redwheel’s James Johnstone is confident that the 10-year drought in emerging markets is over.

The former chair of the Treasury Select Committee, Nicky Morgan, gave her views on the FCA’s consumer duty regulation, which is due to be rolled out in the Summer. This was after city minister Andrew Griffith attacked the rules, suggesting they could harm the competitiveness of UK financial services, and lead to an uptick in lawsuits.

Linden Thomson, manager of the Axa Framlington Biotech fund, speaks about the 'heavily momentum driven' biotech sector, and why Biden’s inflation reduction act could tighten R&D investment.

Wesley McCoy, manager of the £375m Abrdn UK Value Equity fund, discusses why banks like Barclays are now a more contrarian bet than traditional energy stocks but defends making money from coal companies.

Dragon Capital founder Dominic Scriven discusses the anti-corruption drive that shook Vietnamese markets last year and the prospects for pioneering £1.4bn investment trust, Vietnam Enterprise Investments Limited.

New co-manager of Quilter Investors Cirilium range, Ian Jensen-Humphreys, is making significant changes to the £6.8bn active range. Jensen-Humphreys took over the portfolios in December alongside Sacha Chorley. In this podcast he discusses why the funds he inherited don't follow his asset allocation approach.

Martin Walker, Invesco's head of UK equities, was the top performer in the Citywire Equity - UK (All Companies) category last year. Performance was driven by Walker's top holding's in Shell and BP within his UK Opportunities fund, but his sell discipline also drove performance.

Carlos Moreno, manager of the Premier Miton European Opportunities fund, speaks about why his strategy's growth focus and mid-cap bias 'didn't work' last year, and why over £600m in net outflows were not a cause for concern.

Ken Wotton, the manager of portfolios including the £361m Gresham House Multi Cap Income funds, discusses lowly-rated British smaller companies, consolidation in investment management, and a potential takeover resurgence this year.

Stephen Yiu reveals which energy stock he’s bought into, and why he’s holding onto Intuit despite Terry Smith dumping the tech stock.

Absolute return manager Freddie Lait is bucking the sector trend by not taking any short positions in his Latitude Horizon fund. This is despite him working for Odey Asset Management as a hedge fund manager prior to founding Latitude.

Wealth Manager's Ross Miller invites Matthew Strachan, chief investment officer at Thorntons Investments, to the Citywire Studios. The pair get under the bonnet of the firm's recently launched Sustainable AIM IHT portfolio, and also reflect on some of this year's developments in the wider push for a more sustainable financial system.

After being one of the first to predict the devastating Credit Crunch that followed the 2008 financial crisis, Ann Pettifor chastises central banks for repeating the same mistakes that lead to global recessions.

Assets in the small cap veteran Paul Jourdan's Amati UK Listed Smaller Companies fund have dipped from over £1bn to £619m over a year, but he remains bullish on tech and asset managers.

Alex Rodman, winger for Bristol Rovers and director of Sterling James Wealth Management, co-founded the firm four and a half years ago to provide footballers with the financial advice.

First Eagle’s Bill Hench said private equity buyouts can be a foe to the small-cap investor, even if a premium is paid for shares.

Ben Mackie, fund manager at Hawksmoor Investment Management, discusses why the firm decided to sell out of real assets and which funds it sold. He also reveals what the firm held onto and why, including private equity trusts.

JM Finn chief executive Hugo Bedford says that growing consolidation in the UK wealth management space has sprung up opportunities to poach staff from competitors. He noted that JM Finn had received more enquiries recently from rivals than it had in the past decade.

Citywire Wealth Manager's Ross Miller welcomes Charlie White-Thomson, CEO of Saxo UK to the Citywire studio. They discuss how the new generation of investors must adapt to a new paradigm, the race to the bottom in fees (is there such things as a free lunch?), and how a decade-long Goldilocks period has shaped investors' attitude to risk.

Citywire AA-rated Troy Trojan manager Sebastian Lyon said that he reduced his stake in Microsoft and Alphabet over the summer, as he believes market optimism is too high. This was before the tech giants announced that sales had slowed in Q3. The fund manager also said he is ‘battening down the hatches’ and buying short-dated government bonds. Another defensive play in the fund has been to hold a large position in gold.

Abrdn’s Harry Nimmo, who is retiring at the end of the year, has seen a lot in a fund management career spanning nearly 40 years. Something he finds particularly disturbing is the emergence of short-sellers, which he says robs companies of the ability to turn things around.

Oli Creasey, head of property research at Quilter Cheviot, speaks about contagion in open-ended UK property funds, after three major strategies gated last week on the back of pension outflows. Creasey speaks about where there are some opportunities in the sector, and why some REIts are down 40% this year.

Rathbone Investment Management co-CIO Ed Smith talks about asset allocation under fiercely volatile conditions, why short-dated US T-Bills are a 'free lunch' for cash-heavy investors, and why mortgage pain could cause a 20% fall in UK property prices.

Araminta Emery explains why she joined Cazenove as an associate wealth planner after a career as a dentist for the RAF.

Caroline Hug sat down with Alpha Female’s top-performing UK female fund manager, Citywire AAA-rated Grace Le, to discuss why bonds have faced what many believe to be the asset class’s worst year in history. The Artemis Corporate Bond manager explains why performance has been challenging, and how the fund has adapted to volatile market conditions.

Jerran Whyte, founder of Belvedere Wealth Management and former SJP partner, spoke about the importance of representation in the UK financial services industry and what drove him to set up a black-owned wealth management firm targeted at members of the black community.

Africa, the world's second largest continent, attracted $83bn of foreign direct investment in 2021. Peter Townshend, Africa equity fund manager at Sanlam Investments, believes that the time is now to invest in Africa and despite its risks the continent is endowed with untapped potential that investors can exploit.

In economic conditions unseen for decades, many investors are looking for a hiding place. Wealth Manager's Ross Miller catches up with Dr Jimmy Muchechetere, healthcare equity analyst at Investec, to explore the current outlook for the pharma/healthcare sector, the role of healthcare in a broader portfolio, and the relationship between healthcare and private investment. They also reflect on the past three years and the importance of pandemic preparedness.

Chris Rodgers, head of investments at Sanlam speaks about investing through tougher market conditions. He believes there’s too much gloom around Faang stocks, and that there are certain opportunities to be had in consumer staples and housebuilders.

Earlier this week Sue Noffke, head of UK equities at Schroders, spoke about investing in the UK market, despite recessionary fears. She looked at why FTSE large laps aren’t necessarily tied to the health of the UK economy, but also why some mid-caps shouldn’t be disregarded.

Daniel Pinto, founder, chairman & CEO of Stanhope Capital Group spoke to Citywire’s Christopher Johnson about why he is bullish on private equity. Pinto also discussed the impact of inflation on the global economy and why he does not think high levels of inflation will be a permanent feature going forward. He talked about the effect of the Russia-Ukraine crisis on the world and shared his views on whether the war has sparked de-globalisation.

The World Economic Forum’s Alice Charles speaks to Caroline Hug about the biggest challenges facing urban development, and why investors need to allocate capital to social community.

Newton’s CEO Euan Munro spoke to John Schaffer about how physical health can be a warning sign for degrading mental health. He spoke candidly about how he developed Bell's Palsy as a fund manager during the financial crisis, due to the immense stresses of the job.

Alex Pelteshki, AAA-rated manager of the Aegon Strategic Bond fund, told John Schaffer that there are still opportunities to make money in fixed income despite a torrid time for the asset class in 2022.

In this episode of desert island fund picks, Dan Boardman-Weston, CEO and CIO of BRI Wealth Management, names his top strategies for the next year. The following clip is an extract from a profile interview that will be available on the Citywire Wealth Manager website later this month, where we discuss Dan taking over the top job from his father at only 29 years old.

Head of multi-strategy at Sanlam Investments UK, Mike Pinggera, joined Citywire to discuss the Sanlam Real Assets fund’s allocation in renewable energy and his outlook on the clean energy sector following the war in Ukraine. Almost a third of the fund’s weighting is in renewable energy. 60% of this allocation has exposure to onshore and offshore wind, 10% has exposure to solar, 10% has exposure to hydro and the rest focus on other renewable areas.

Bryn Jones, head of fixed income at Rathbones discussed how he has managed his £2.5bn Ethical Bond fund under strenuous market conditions. The strategy, which the Citywire AA-rated manager runs alongside Noelle Cazalis, was launched almost 20 years ago, before the creation of the UN’s Sustainable Development Goals (SDGs).

Fidelity signed a partnership with fintech platform Moonfare and invested in the company in October. As part of the tie-up, Fidelity’s clients are able to access Moonfare’s platform, and therefore invest in private equity funds that are on there. Christian Staub, managing director for Europe at Fidelity, says client demand has been significant and for now they are targeting institutional investors in the UK and select countries in Europe, but the firm will open up the offering to others step by step. On the other hand, Moonfare has been on an accelerated growth path. Just last month the group expanded into Israel, Portugal and Sweden. In terms of products as well, CEO Steffen Pauls says the firm is looking at different options, such as securitisation, tokenisation and the European Long Term Investment fund, to bring private equity funds to retail investors.

Raymond James CEO Paul Reilly speaks about the firm’s £279m deal to buy Charles Stanley. Multimedia editor John Schaffer caught up with Paul last week at a restaurant in London where they also spoke about valuations in the UK wealth market. It’s worth noting that the conversation was recorded before RBC’s recent deal to buy Brewin Dolphin for £1.6bn.

Brooks Macdonald chief executive Andrew Shepherd has said his firm may have set over-ambitious goals for its switch to a new operating system. During a visit to Citywire Studios, Shepherd spoke about the delay in the transition to SS&C Technologies software, which increased the wealth firm’s costs, as it missed a late 2021 deadline to make the move.

In this episode YT Boon, manager of the Neuberger Berman 5G Connectivity fund, looks at the opportunities in this emerging sector, and explains why performance has been more challenging of late, even in comparison with other tech funds. It’s worth noting that this podcast was recorded becore Russia invaded Ukraine on 24 February.

Christopher Johnson sat down with the author of Black and British: A Forgotten History and renowned broadcaster, David Olusoga OBE. Recorded at the Citywire Wealth Manager Conference & Awards, Olusoga discusses the legacies of the British Empire on the UK’s financial services industry, the importance of understanding these histories for Britain’s national identity and how the politicisation of race issues has not dampened the younger generation’s interest in exploring these topics.

Dame Helena Morrissey discussed the lack of diversity in the fund industry and how her initiative, The Diversity Project, aims to promote a new image of fund management that is representative of society at large. Morrissey experienced discrimination after being passed over for her first promotion following her maternity leave. Her manager clarified that although the company believed there was no doubt as to her performance, they doubted her commitment.

In this episode Michael Scott, manager of the Man GLG High Yield Opportunities fund, looks at which regions are offering the best rewards at the lower end of the debt market, He also speaks about some of the poorer quality issuances that have entered into the high yield space recently. It’s worth noting that this podcast was recorded before Russia’s invasion of Ukraine last week.

Kyra Motley, partner at law firm Boodle Hatfield, suggests the Investor Visa’s ‘dirty money’ reputation is unfair, and why the Home Office shouldn’t have temporarily scrapped the scheme last week.