This Q and A takes the form of a link to my latest Moses and Methusaleh podcast with the fund manager Peter Seilern, so named, tongue in cheek, because we are now among the oldest participants still working (happily so) in the investment business. In the 35 minute discussion Peter and I talk through some of the issues facing financial markets this year. It is interesting to note that he is having second thoughts about some of his earlier reactions to the way that markets have evolved over the course of the last four months.
The way that Peter and his team run money has been set in stone for...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
The latest Q and A for premium subscribers is with James Hart, the Investment Director of the Witan investment trust (ticker: WTAN) and someone who has been analysing and investing in investment trusts for around three decades. Although Witan's global equity portfolio is run on a multi-manager basis, up to 15% of the trust's assets are invested in investment trusts, primarily specialist ones that allow exposure to specific asset classes which are not readily available through a traditional multi-manager approach.
Why the interest in this trust? James Hart, who runs the Witan portfolio alongs...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
The latest Q and A for premium subscribers is with Matthew Hose, the lead investment trust analyst at the American broker/investment bank Jefferies, which has recently expanded its research into alternative asset investment trusts. In our conversation we discuss a number of sub-sectors in the alternative asset space, including renewable energy, listed private equity, infrastructure, growth capital and shipping. Matthew has been analysing investment trusts for over a decade and has been at Jefferies for the past seven. Before that he worked for seven years at J.P.Morgan Cazenove.
Matthew Hos...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
The latest Q and A for premium subscribers is with Hamish Baillie, the manager of the Ruffer Investment Company, a £600m multi-asset investment trust with an absolute return mandate which sits in the Flexible Investment sector. The objective of the trust is to deliver a return that is at least twice the return on cash while aiming never to lose money for investors on any 12-month period. The trust published its interim results this week and was highlighted in the recent review of our newly created defensive investment trust portfolio.
Hamish Baillie Here is a reminder of the background to thi...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
For premium subscribers we do regular interviews with fund managers and analysts about current market conditions and funds and markets (occasionally shares) that we invest in. The latest one is with Laura Foll, co-manager with James Henderson of two listed investment trusts, Lowland and Henderson Opportunities Trust. They are also jointly responsible for the equity portfolio of the distinctive mixed asset trust Law Debenture. Laura has worked for Janus Henderson, the management company of all three trusts, for the past 12 years.
Lowland (ticker LWI) sits in the UK Equity Income sector while...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
For premium subscribers we do regular interviews with fund managers and analysts about current market conditions and funds and markets (occasionally shares) that we invest in. The latest one is with Harry Nimmo, the long serving manager of the Standard Life UK Smaller Companies trust and its open-ended sister fund. Rather than a podcast, this Q and A mostly consists of edited extracts from the transcript. It can be usefully read in conjumtion with the podcast interview with Laura Foll, co-manager with James Henderson of both Lowland (ticker: LWI) and Henderson Opportunities Trust (HOT), two ot...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
For premium subscribers we do regular interviews with fund managers and analysts about current market conditions and funds and markets (occasionally shares) that we invest in. The latest one is with Alex O'Cinneide, the CEO of Gore Street Capital, which manages the Gore Street Energy Storage Fund (ticker: GSF). The trust recently raised £135m in a placing, the latest of several that has helped to catapult its market capitalisation from around £30m at launch in 2018 to almost ten times that amount today.
Alex O'Cinneide Why take an interest in this trust? Gore Street Energy Storage is one of ...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
For premium subscribers we do regular interviews with fund managers and analysts about current market conditions and funds and markets (occasionally shares) that we invest in. The latest one is with Kartik Kumar, the manager of the Artemis Alpha investment trust since 2018, a £168m UK equity fund which sits in the UK All Companies sector and has a FTSE All-Share index benchmark. After a period of poor performance, the board approved a new strategy in April 2018 to create a more concentrated portfolio and reduce the number of private company holdings. Shareholders will be offered the chance to...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
For premium subscribers we do regular interviews with fund managers and analysts about current market conditions and funds and markets (occasionally shares) that we invest in. The latest one is with Hamish Baillie, the manager of the Ruffer Investment Company, a £600m multi-asset investment trust with an absolute return mandate which sits in the Flexible Investment sector. The objective of the trust is to deliver a return that is at least twice the return on cash while aiming never to lose money for investors on any 12-month period.
Hamish Baillie Why take an interest in this trust? Jonathan...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
For premium subscribers we do regular interviews with fund managers and analysts about current market conditions and funds and markets (occasionally shares) that we invest in. The latest one is with Colette Ord, head of the real assets research team at Numis Securities, and discusses the infrastructure sector. This sector has grown rapidly over the last ten years and now comprises 26 different trusts with a combined market capitalisation of £23 billion. I suggest you listen to our conversation in conjunction with some of the slides from a recent presentation she gave to professional investors...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
© 2026 Money Makers