In two episodes of the Money Makers Podcast released this week, Jonathan Davis (editor of the Investment Trusts Handbook and winner of the AIC Best Broadcast Journalist Award 2024 and 2025) is joined first by Richard Staveley, the manager of Rockwood Strategic (RKW) in a discussion including the performance and investment approach of the Trust and its focus on UK small cap opportunities; market trends including the state of the small cap market; and recent portfolio moves including new positions in UK housing. Then Peter Hewitt, the retired fund manager and now director at The AIC and Odyssean Investment Trust, returns to the podcast in a chat that includes emerging markets, smaller companies, and renewables and infrastructure trusts.
You can listen to these podcasts in full on the audio players below. Alternatively, you can subscribe via our YouTube channel and most podcast platforms, including Apple Podcasts, Spotify, Amazon Music and Soundcloud. You can also 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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354: Richard Staveley
0:01:24 – The LinkedIn video clips
0:03:24 – Explaining UK small cap performance
0:08:12 – Looking at the portfolio
0:14:37 – Videndum
0:22:10 – A short break
0:22:55 – Three new positions
0:32:05 – The upcoming budget and confidence
0:35:03 – Defence companies
0:38:38 – Long-standing holdings
0:41:44 – Reflecting on recent years’ performance
0:45:19 – Close
355: Peter Hewitt
0:01:08 – The state of play
0:05:38 – Emerging markets trusts
0:14:38 – Smaller companies
0:24:00 – A short break
0:24:45 – Renewables and infrastructure
0:34:25 – Year to date performance
0:38:25 – Performance over three years
0:41:53 – Close
OUT NOW: The Investment Trusts Handbook 2026
The Investment Trusts Handbook 2026 is the ninth edition of the highly regarded annual handbook for anyone interested in investment trusts – often referred to as the City’s best-kept secret, or the connoisseur’s choice among investment funds. It is expertly edited by well-known author and professional investor Jonathan Davis, founder and editor of the Money Makers newsletter and podcast. It is available through bookshops and extensively online. The next edition of the Handbook, an independent educational publication, is now in preparation. With articles by 30 different authors, including analysts, fund managers and investment writers, plus more than 80 pages of detailed data and analysis, the latest edition is an indispensable companion for anyone looking to invest in the investment trust sector.
We are an editorially independent research and publishing venture committed to providing high-quality investment information and resources. You can sign up below to be notified about the latest podcasts by email as soon as they become available. Please note that the podcasts should not be regarded as personal financial advice, but are provided for information and background only. We are very grateful for your continued support and the enthusiastic response to our more than 350 podcasts in the over six years since launch!
Disclosures about the editor’s holdings of investment trusts can be found here. Our podcasts are also available on the Association of Investment Companies website (www.theaic.co.uk). The producer of the podcasts is the brilliant Ben Gamblin – more details on him here.