In the latest editions of the Money Makers investment trust podcast released this week, Jonathan Davis, editor of the Investment Trusts Handbook and winner of the 2024 AIC Best Broadcast Journalist Award, is joined by Jonathan Simpson-Dent, chairman of Edinburgh Worldwide (EWI), one of the seven trusts targeted by Saba Capital; and Matt Hose, alternative assets analyst at Jeffries.
You can listen to these podcasts in full on the audio players below. Alternatively, you can subscribe via our YouTube channel, and at most podcast platforms including Apple Podcasts, Spotify, and Soundcloud; and you can find us listed on The AIC’s Podcast Directory. We are grateful to J.P. Morgan Asset Management, whose no-strings support enables us to keep the podcast free and our editorial integrity intact.
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255: Jonathan Simpson-Dent
0:01:14 – Reaction to the outcome of the Saba votes
0:04:03 – The two upcoming votes for EWI and their own proposition
0:06:09 – The trust’s performance and how Saba built its stake
0:12:29 – The trust’s manager
0:14:02 – Limits to patient capital
0:16:03 – A short break
0:16:56 – The share capital
0:18:47 – What happens if Saba is defeated?
0:22:26 – Trading at a discount
0:24:43 – The right personnel?
0:26:12 – The global smaller companies mandate
0:29:49 – The retail investor base
0:34:50 – Close
256: Matt Hose
0:01:10 – The cut in interest rates
0:01:53 – General outlook for the alternatives sector
0:03:52 – The persistence of the current situation
0:04:52 – Changes to business models
0:07:42 – Driving consolidation in the sector
0:08:44 – Going up the risk profile
0:10:14 – Continuation votes
0:13:00 – The reaction speed of boards
0:13:43 – A short break
0:14:38 – Private equity
0:16:48 – Conversations with investors
0:18:53 – Battery storage
0:20:56 – Digital infrastructure
0:22:38 – Growth capital sector
0:25:24 – Close
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Disclosures about the editor’s personal holdings of investment trusts can be found here. Our podcasts are also available on the Association of Investment Companies website (www.theaic.co.uk) and Doceo (doceo.tv). The producer of the podcasts is the brilliant Ben Gamblin – more details on him here.