Talking Capital

In this episode, Ian is joined by Per Lekander, Founder & CEO of Clean Energy Transition, a thematic investment manager which seeks to capitalise on the changes in the global energy sector. Together they discuss: Per's career in the energy sector and the origins of Clean Energy Transition The firm's investment philosophy and their approach to identifying opportunities A case study of a success...

In this episode, Ian is joined by Mario Acquistapace, Investment Research Director at CapGen, to discuss the theme of energy transition, including: An overview of the energy transition landscape, including the drivers and opportunities The evolution of our investment research process Clean Energy Transition's investment strategy and our rationale for selecting them as a partner

In this episode, Ian is joined by Donald McFarlan, Portfolio Management Director at CapGen, to discuss the theme of energy transition, including: Market overview : what do we mean by energy transition, what are the drivers and how can investors access this opportunity? Portfolio context : how can energy transition be integrated into client portfolios? Implementation : how are we are evolving our a...

In this episode, Ian is joined by Ross Davies, Head of Real Estate at CapGen, to discuss the role of ESG in the real estate industry, including: The evolution of ESG requirements since the 1990s The impact of government regulation, and what this means for the future of commercial property across developers, occupiers and asset owners The impact of US policies on UK real estate and the diverging ap...

In this standalone episode, Ian is joined by Quintin Price, Chair of our Asset Allocation Committee, and Donald McFarlan, Portfolio Management Director, to discuss the investment implications of the conflict in Iran, including: What has happened, what are the implications and how should investors respond? How have markets reacted and what impact has that had on our portfolios? What are the longer-...

In this episode, Ian is joined by Kate Russell, Managing Director of Tellus Natural Capital and Dimitri Zenghelis, Chair of our Responsible Capital Committee, to discuss: The importance of natural capital in the economic system Incorporating natural capital in economics and the role of technology and AI in measuring ecosystems The UK's progress on natural capital

In this episode, Ian is joined by Dimitri Zenghelis, Chair of our Responsible Capital Committee and Senior Associate at the Cambridge Institute for Sustainability Leadership, to discuss the evolving landscape of responsible capital, including: Trump’s impact on the progress of sustainability The transition to electrification and renewable energy and China's strategic lead in these sectors The prog...

In this episode, Ian and Robert discuss: 2025 recap : how should we reflect on market performance in 2025? Private markets: have private markets recovered and how did our portfolios perform? Opportunities: how did the opportunities we previously highlighted perform in 2025 and what are the key opportunities for the year ahead?

In this episode, Ian is joined by Ali Akay, Chief Investment Officer of Carrhae Capital, an investment manager specialising in emerging market equities, to discuss: How a chance conversation about the ex-prime minister of Turkey led to Ali’s career in investing How Carrhae’s best-in-class emerging market equity selection process sets them apart An example of how Carrhae’s investment philosophy wor...

In this episode, Ian is joined by Mario Acquistapace, Investment Research Associate Director at CapGen, to discuss emerging market equities, including: An overview of the current landscape, how they've performed and the associated risks Our manager selection process Carrhae Capital's investment strategy and the rationale behind choosing them as a partner

In this episode, Ian and Robert discuss emerging market equities from a macro perspective: Market overview : how have emerging market equities performed over the past year and how do we classify them? Portfolio context : what is their role in portfolios and what are the risks? Investment strategy : what are the pros and cons of active vs passive approaches?

In this episode, Ian is joined by Felipe Morenés, Founding Partner of Stoneshield Capital, a distressed and opportunistic long-term investment firm, to discuss: Felipe's own professional journey, Stoneshield’s origins and what makes them distinctive Stoneshield's investment strategy and how they identify opportunities An example of a successful deal, from initial concept to value creation and exit

In this episode, Ian is joined by Ross Davies, Head of Real Estate at CapGen, to discuss real estate, including: Current opportunities in Europe and the US Our investment selection process How to access these opportunities

In this episode, Ian and Robert discuss Real Estate from a macro perspective: Market overview : how has real estate performed over recent years and what do we mean by opportunistic real estate? Portfolio context : what is the role of real estate in portfolios and what is the opportunity cost of capital? Opportunities : what does the current opportunity set look like?

In this episode, Ian is joined by Mike Ascione, Managing Director of Berkshire Partners, a US-based private equity manager, to discuss: Berkshire’s origins, how they have celebrated successes and learnt from mistakes, and the future of private equity as an ownership model Their investment philosophy and process An example of a transaction investment and their greatest contribution to its success

In this episode, Ian is joined by Enrica Dacomo, Investment Research Director at CapGen, to discuss Private Equity from a research perspective, including: Opportunities in the US mid-market sector An exploration of our manager research and selection process How building relationships can lead to better opportunities

In this episode, Ian and Robert discuss Private Equity from a macro perspective: First principles : what is the role of private equity in portfolios? Building a portfolio : how does this work in practice and how opportunistic can you be? Opportunities : what does the current opportunity set look like?

In this episode, Ian and Robert discuss: Inflation : what are we expecting and how might markets react? Growth forecasts : where might we see growth surprises in the US? China : what is the outlook for China and the economic landscape?

In this episode, Ian and Robert discuss: Dispersion : what does it mean in a financial context when does it represent an investment opportunity? Emerging Markets : why are EM equities appealing right now, and how is China influencing them? Commodities : what is the current opportunity set and are gold miners still an attractive opportunity?

In this episode, Ian and Robert discuss: Trump inauguration : why are tariffs important to investors and how might the changes to immigration policy impact the US economy? Interest rates : what is driving recent moves in market interest rates? Bank earnings : what do the recent earnings reports indicate about the strength of markets and the economy?

In this episode, Ian and Robert discuss: 2024 recap : how should we reflect on 2024, where did we see surprises and how did the opportunities we had highlighted previously perform? Inflation:  how are we positioning portfolios for a potential period of higher inflation? 2025 opportunities: what are the key opportunities for the year ahead?

In this episode, Ian and Robert discuss: Active vs passive : what are the pros and cons and how should investors approach a thematic investment such as BioTech? Bitcoin : what has driven the price of Bitcoin recently and does it have a role in portfolios today? Private equity : what is the current state of private markets and what has caused the recent activity?

In this commercial real estate special, with guest, Ross Davies, Head of Real Estate at CapGen, Ian and Ross discuss: What is the current state of the UK real estate market and what has caused the increased activity? What are the areas of opportunity and risk? How do you manage a troubled asset? What does excellence look like in terms of strategy and execution?

In this episode, Ian and Robert discuss: Credit : how has the credit cycle reacted to the recent increase in rates and how are we managing credit in client portfolios? Small-caps : what is the current opportunity set following the US election results and how do you assess quality? BioTech : does the upcoming change in administration alter the environment for BioTech stocks?

In this episode, Ian and Robert discuss: US election: what were the Trump trades? Market implications: what are some of the bigger picture impacts of the election result on markets? Commodities: what is the role of commodities in a portfolio and where are there opportunities today?