Talking Money: Finding opportunities in the investment trust sector
Jupiter's Richard Curling on how and where to look to find value
Are there good opportunities in the investment trust sector at the moment – and if so where? After such a strong run have the world’s equity markets risen too far too fast?
I put these questions to Richard Curling, who runs a fund of investment trusts for Jupiter Asset Management, as part of a wide-ranging discussion about the markets and the closed end fund sector in the latest Money Makers podcast. Often known as the City’s best kept secret, the best investment trusts consistently outperform their open-ended equivalents, but you have to know how and where to look for them.
These podcasts are the latest in a series of free regular interviews with prominent figures in the investment world, brought to you by Money Makers. You can sign up here to be notified about the next podcasts in the series, which are free to air – or subscribe on iTunes and other podcast services. Jonathan Davis, the founder of Money Makers, is also the founder of Independent Investor, a sister publishing and newsletter business. An active professional investor, he is a Senior Adviser at Saunderson House, a Member of the Chartered Institute for Securities and Investments and the author of several books about professional investors. More details at www.independent-investor.com.
Richard joined Jupiter Asset Management in 2006 and is a fund manager in the UK Growth team. He manages the Jupiter Fund of Investment Trusts, the Jupiter Monthly Income Fund and the Jupiter UK Alpha Fund.
Before joining, Richard worked originally for Morgan Grenfell as manager of the UK Pensions and Income Funds, prior to its acquisition by Deutsche Bank where he was appointed managing director and head of Small Caps. In this position, held for more than 10 years, Richard was responsible for managing the UK and European Small Cap team and running Small Cap equity mandates. Between 1996 and 2003, he was also head of Global Small Caps and responsible for the Global/EAFE Small Cap product.
Richard has a degree from Edinburgh University and is an Associate of the Society of Investment Analysts.