Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Good reads - Video reviews - This week's biggest movers - Z-scores - Investment Trusts Handbook - Appendices
What's new this week On the podcast this week, I talk to Richard Pindar, the CEO of Literacy Capital (BOOK), the idiosyncratic UK-focus listed private equity trust that is still the best performing of all investment trusts since the date of its launch in 2021, but has seen its share price fall away and its discount w...
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Exclusive to subscribers to the Money Makers Circle Contents - On the podcast this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Thoughts on the news - Good reads - This week's biggest movers - Video reviews - Appendices
On the podcast this week The podcast this week features the best-performing UK Equity Income trust, the quaintly named 135-year-old Law Debenture Corporation (LWDB). I talk to Denis Jackson, CEO of the company, who manages its professional services business, and Laura Foll, co-manager with James Henderson of the equity portfolio ...
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On the podcast this week On this week's podcast, with a UK general election now suddenly upon us, I discuss that and specific investment trust issues with two regular guests, Charlie Morris, the CEO of Bytetree Research, an independent investment research firm, and Andrew McHattie, editor of the Investment Trusts newsletter. Apart from politics, we cover the global macro outlook and the latest news from the investment trust sector, including this week's updates from Scottish Mortgage (SMT), Asia Dragon (DGN), HICL Infrastructure (HICL), Capital Gearing Trust (CGT), Chrysalis (CHRY) and two o...
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On the podcast this week On this week's podcast, I talk first to Sandy Nairn, chief investment officer of the self-managed multi-asset trust Global Opportunities (GOT), and his colleague Alan Bartlett, from the trust's advisory firm Goodhart Partners. The topics we discuss include the "End of the Everything Bubble" (is it over yet?), where markets might be heading now and the trust's distinctive approach to managing money, not as widely understood as it deserves to be. (Disclosure: I am the co-author with Sandy of a book about Sir John Templeton's investment methods and a collaborator on sever...
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On the podcast this week On this week's podcast, I talk first to Richard Hulf, co-founder and managing partner of HydrogenOne Capital, which manages HydrogenOne Capital Growth (HGEN). This specialist vehicle came to market in July 2021 and has experienced both the highs and lows of recent investment trust experience, rising to a premium on launch before falling to a disappointing 50% discount, despite making decent operational progress. We discuss why anyone might think about investing in hydrogen, how and whether the trust can grow without the current ability to issue new equity, recent NAV a...
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On the podcast this week On this week's podcast, I catch up with Tim Levene, the CEO of Augmentum Fintech (AUGM), a unique vehicle in the mainstream listed investment trust world, as a venture capital investor in European fintech companies. He last featured on the podcast a little over a year ago. AUGM came to market in 2018 and like many other more recent newcomers has had a chequered history since then, initially trading at one of the biggest premiums in the universe, but latterly going to a big discount as interest rates and other factors prompted widespread derating of venture capital and ...
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Edmund Shing, Global Chief Investment Office for BNP Paribas and a longstanding contact of ours since the 1990s, contributes regularly to Money Makers to provide a different professional perspective on current market issues and opportunities. This week he looks at areas of the market that could do well in 2023.
Consumers are still resilient Market strategist Edmund Shing Recession seems to be the consensus right now. The question, in the short term, is how quickly will central banks, led by the US Federal Reserve, pause their series of interest rate hikes in the face of inflation rates that...
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Edmund Shing, Global Chief Investment Office for BNP Paribas and a longstanding contact of ours since the 1990s, will be contributing regularly to Money Makers in future, to provide a different professional perspective on current market issues and opportunities. This week he looks at commodities, including gold.
Commodities - a long shunned asset class Market strategist Edmund Shing Stock markets have rebounded sharply over the last few weeks. The average US and European large-cap stock has recovered 12-14% since the end of September. At this point in time, the UK FTSE 100 index has now recov...
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For premium subscribers we periodically do interviews with fund managers and analysts about current market conditions and funds and markets (occasionally shares) that we invest in. This 15-minute offering is with Charlie Morris, the former head of absolute return strategies at HSBC, now the Chief Investment Officer of Bytetree Asset Management, and an independent and perceptive analyst specialising in gold, bitcoin and other cryptocurrencies.
Charlie Morris The growth of cryptocurrencies has been one of the big stories of the last decade in financial markets. Bitcoin is the most notable examp...
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Jonathan Davis When the Money Makers circle was launched back in January, I said that I expected that the range and balance of the content would evolve as time went by - and so it is proving. This week I am introducing two new features - the first of a series of periodic shorter podcasts (15 minutes in length) discussing specific topics of current interest - this week gold and bitcoin - and also the first steps towards creating a model income portfolio, to add to the Handbook portfolio that has already been up and running for more than four years. This week I also highlight some further inter...
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