Money Maze Curated Podcasts

In February 2024, we released an episode titled “Investing in Essential UK Social Infrastructure”, with the Founder & CEO of Newcore Capital, Hugo Llewelyn.  In this episode, we wanted to reacquaint investors with the thesis and discuss why the investment opportunity might be so compelling. Hugo explains where capital is scarce, where private assets are blocked and where opportunities exist.  ...

For the last 30 years, private equity has been an increasingly popular destination for both institutional and HNW capital.  As its reach has extended across multiple industries and geographies, the questions over where value is actually created have been increasing.  Riccardo Basile, a former engineer, then management consultant, and for the last decade with Permira, deconstructs what is mean by “...

As the world fragments into what Ocean Wall calls a ‘Molecular War’, a contest fought not with armies but with atoms, isotopes, and the other materials that underpin modern industry, the indispensable ingredient is energy and within this, the role of nuclear is being more widely understood.  Ocean Wall has been early and vocal in arguing that uranium sits in the same strategic bucket as helium, tu...

Pacific Asset Management is an intriguing study in developing an investment manager in today’s world. A business born from the Beckwith family’s long tradition of creating successful asset management firm, less than 10 years from inception it now manages over $20 billion.  Matt discusses the problems which they felt the investment industry wasn’t solving. He describes how the business was built wi...

The business of wealth management remains both compelling and competitive, with multiple players jostling for a slice of this vast and growing ocean of assets.  In this conversation, AlTi Tiedemann’s CEO & Co-Founder Mike Tiedemann discusses “what significant wealth wants”, and how they aim to differentiate in an often-monochrome wealth management universe. Mike discusses their investment stra...

As wildfires engulf residencies once considered safe, floods sweep through sleeping towns, inundating their populations, and hurricanes decimate communities, these natural disasters have created more opportunities for capital to flow the catastrophe re-insurance market. Pillar Capital, which is partially owned by Berkshire Hathaway’s Transatlantic Holdings, has established a track record for inves...

UK wealth and capital markets are a significant niche on the global stage, and opportunity abounds. Fragmented investment offerings, extreme valuation opportunities in the small cap space, and over £5tn of intergenerational wealth transfers, estimated to occur over the next 20 years. It all adds up to an intriguing cocktail of opportunity for those willing to build & acquire.  In this Curated...

In this conversation we discuss the investment objectives of the £6bn+ endowment, charged with growing investors’ capital by an average of 5% per annum in real terms, and to achieve this at a lower volatility than would be experienced by investing solely in the public equity markets.  Neamul discusses the investment approach, their priorities, and vital principles. He reviews the division between...

Julia Hoggett delivers a master class in diagnosing the issues that have confronted stock markets, capital raising, risk appetite, and pension allocations here in the UK. She describes some of the immense transformations taking place, with top of the list being the ability for private companies to have their shares transacted on the London Stock Exchange, whether UK or overseas, now! She describes...

If you liked the music from Harry Potter, Lord of the Rings, Game of Thrones or Stranger Things, did you ever wonder who owns the rights and royalties and where the investment opportunity may lie? In this conversation of an intriguing “alternative investment”, we welcome a founder and CEO who sits at the epicentre of this web, capitalising upon the powerful growth which is changing ways music, fil...

In the investing universe, where long/short hedge funds are fewer and passive has reigned supreme, Orgueil Capital was established in February 2024 as an investment fund with an aspiration to quintuple investment capital over the next 8-9 years!  Founder Stephen Roberts, previously of Horseman Capital, explains why he came out of retirement to run a return-seeking, concentrated, thematic fund (wit...

Polen Capital is a US investment management organization, founded in 1979, which has a growing global footprint driven by its specialisation in concentrated equity portfolios and high yield credit strategies.   Stan explains their equity approach, high return on capital and lower volatility. Equally he discusses why they view “credit as different to the agencies” and the opportunities their approa...

In 1965, the BBC launched Tomorrow’s World, a pioneering program that ran for four decades, spotlighting innovations in technology, healthcare, and science—many of which became essential to modern life. Today, the commercialization of groundbreaking inventions presents significant investment opportunities, but identifying, funding, and nurturing them demands vision, skill, and patience. In this co...

If science and innovation hold the keys to tomorrow’s kingdoms, then their successful discovery, nurturing, and commercialisation will give advantage to the nations where they are found and built and in turn, offer the potential for significant investment opportunities. Greg Smith, is CEO of IP Group , one of the UK’s very few specialised, publicly listed, investors in science and innovation. In t...

“What could go right?” is a question investors sometimes need to ask, particularly when an asset class, region, or style of investing is unloved, out of favour and under allocated to. I’m referring to emerging markets.  The Wall Street Journal recently published a chart showing emerging markets at a 50 year low relative to the S&P , which might remind us of George Soros’s comment that we shoul...

Paul begins with explaining why his initial job at the Federal Reserve was so important for his subsequent future in finance. He then details how he capitalised on those lessons at Merrill Lynch and JP Morgan before seeing potential opportunities developing from the emerging troubles in the world of banking in 2008, leading to the creation of Orchard Global . He explains Orchard’s mission, experti...

Santander Asset Management manages almost $230 billion*, employs over 850 people and operates in 10 countries. In this interview we’re pleased to feature Samantha Ricciardi, who has been CEO of the company since February 2022.  Samantha begins by putting into context the perspectives she acquired after working at BlackRock and Schroders, before covering Santander’s investment philosophy, key stren...

There is a growing recognition that the term “hedge funds”, rather than being an asset class, instead represents a range of approaches to access very different investment opportunities.  Here at the Money Maze Podcast, we think that a better way of viewing them is through the lens of how a proven manager or style can help deliver a different, and less correlated, set of returns. In this Money Maze...

In 1989, Japan represented 43% of the world’s stock markets. The eight largest banks in the world were Japanese, as were 7 of the world’s top 10 corporations. 10 years later not a single Japanese company made it into the top 10. After an epic bubble and even more epic bust, today, 34 years later, Japan is the world’s 3rd largest economy, the world’s largest creditor nation, the second largest stoc...

In this interview, Hugo explains why he established Newcore 13 years ago, explaining its purpose and approach. He outlines why the specific opportunities afforded by investing in UK social infrastructure offers the potential of strong returns, allied to prudent capital management.  Hugo discusses the demand drivers, as the appetite for education, healthcare, waste management and even crematoria co...

Litigation finance is a small but growing industry, proving to be an attractive opportunity for investors looking for a new uncorrelated alternative asset class. Over the past five years, the UK litigation finance market has doubled (up from £1 billion in 2017). Given this growth, it’s not surprising that private equity and venture capital investors are increasingly interested in the space. To und...

In 2017 Brian founded and continues to serve as Chairman and CEO of TechMet, a permanent capital vehicle investing in a portfolio of technology metal projects. TechMet acquires and manages projects that produce, process and recycle the key strategic technology metals that go into batteries, electric vehicles and renewable energy systems; cobalt, lithium, nickel, tin, tungsten, rare earth metals an...

Today, this Oxford University spin-out, Oxford PV, is reshaping the world of solar, helping to make it more affordable, more mainstream and accelerating the energy transition. We welcome Prof Henry Snaith, Co-Founder and the Binks Professor of Renewable Energy in the Physics Department of the University of Oxford, Dr Chris Case, Chief Technology Officer, and David Ward, CEO. They explain how and w...

In this Curated podcast, we meet with the Co-Founders and CEO of OrganOx, an Oxford University spin-out that is quickly penetrating the world of medtech. Its success has led it to be at the forefront of changing the way donor organs are preserved in the critical time between donation and transplantation. Amazing as it may seem, methods of preserving organs have changed little in the last 30 years,...

In this episode, we welcome back Partners Capital, and in a three way conversation, we explore the Asian investment opportunity set. The conversation brings together Arjun Raghavan, CEO of Partners Capital, Adam Watson, Partner and Co-Head of Asia Pacific, and to understand the perspective of a seasoned investor and allocator, Harvey Toor, CIO of Singapore Management University (SMU). SMU is a cur...