The Art of Investment

This week we were fortunate enough to draw on the experience of Shamik Dhar, Chief Economist of BNY Mellon Investment Management. Shamik has had a fascinating career having worked in the UK's Foreign Office advising ministers on issues such as Brexit and he was also Senior Economist within the Bank of England where he worked closely with the hugely influential Mervyn King. In this episode we discu...

The heroic performance from the England Women's hockey team in the Commonwealth Games is still very fresh in our minds. Laura Unsworth was again integral in helping the side clinch Gold for the first time in England's Commonwealth history and what a special place to do it, in her home city, Birmingham. Please enjoy this episode where Paul talks to Laura about what it takes to be an Olympic and now...

This week we look to the future with Mike Seidenberg, Portfolio Manager of the Allianz Technology Trust. Mike describes Silicon Valley to us and I ask him whether we are in another tech bubble, what the long term tailwinds for the tech sector are and we also touch on cyber security, semiconductors, Chinese tech, regulatory risk and Mark Zuckerberg's big bet on the metaverse.

We were thrilled this week to welcome Dr Graham Cooley, CEO of ITM Power to the podcast. We discuss ITM Power's exciting technology, why this is not another false start for the hydrogen sector, how they are involved in the energy transition, what the future looks like for the company and finally Graham shares some advice for aspiring business leaders.   https://itm-power.com/                      ...

We were lucky enough to have Rob Brewis from Aubrey Capital Management join us this week on the podcast and we discuss why the emerging market consumer story is such an appealing one to invest in.                               https://www.aubreycm.co.uk/                               https://www.linkedin.com/in/rob-brewis-6b34bb13/                               https://vermeerllp.com/             ...

The Art of Investment Podcast is back! In this first episode of Season Two, we delve deeper into the eclectic mix of European stock markets, with our guest Gareth Rudd, Fund Manager of the fast growing and top quartile, Chelverton European Select Fund.   https://www.chelvertonam.com/fund/chelverton-european-open-ended-fund/?user_approval=y https://www.linkedin.com/in/gareth-rudd-b1879133/ https://...

In our final podcast of 2021, Paul is closer to home and chats with Simon Melling about the founding of our firm, what we have achieved for our clients since 2019 and his ambitions for the future. Paul also gets some more seasonal insights into what might be on Simon's Christmas list and his resolutions for the New Year… And as we approach the end of this one, we would like to take this opportunit...

This week we listen to Dr Savvas Savouri explain why the future of the UK economy is so bright. I also quiz him on the issues facing Europe in its current guise, how China are exercising their monetary might and the future of cryptocurrencies, blockchain and Central Bank Digital Currencies. This was an enlightening conversation, backed up by hard data that perhaps is not captured by the press toda...

I had the great pleasure this week in talking to Andy Rothman, Investment Strategist at Matthews Asia. For me, this episode put to rest many of my misconceptions of China from an economic and political perspective and I hope it brings a similar amount of insight to you. Despite the difficulties, why would we not want exposure to the economy that is driving global growth and innovation?   Please do...

The COP26 summit has made many headlines in recent weeks and policymakers have set some lofty ambitions for reaching net zero emissions. But how are we going to get there, what needs to be done by the private sector and what does this mean for us as investors? I was delighted to be joined by someone right at the forefront of the energy transition, Tony Catachanas, CEO of Victory Hill Capital Advis...

This week I talk to Peter Spiller, CIO of CG Asset Management about whether inflation is going to be transitory or permanent. Peter also explains how he and the team are investing in this inflationary environment.   Peter Spiller:        https://www.cgasset.com/our-team/ Paul Dixey:            https://www.linkedin.com/in/paul-dixey/   Literature: The Great Demographic Reversal: Ageing Societies, W...

In this episode Simon King, CIO of Vermeer Partners, and I focus on the Chancellor's budget and the main takeaways from his statement (2.36). This was an inflationary budget and with inflation very much here in the UK, it leaves the Bank of England caught between a rock and a hard place (10.23). In the corporate sector, who were the winners and what problems were kicked into the long grass (11.25)...

We take an in depth look at Gold and Silver this week with my guest, Ned Naylor-Leyland, Fund Manager of the Jupiter Gold and Silver Fund. Having known Ned for a while, this was always going to be a thought-provoking conversation!   Ned's sceptical perspective led him naturally to Gold and Silver (1.45) and he explains why he is optimistic about the precious metals today given current market condi...

In the final part of this series, Paul shares a couple of the healthcare sub segments that really excite him (0.47) and I ask him how he thinks about ESG issues when investing in healthcare (8.18).   President Biden has said on drug pricing, "there aren't a lot of things that almost every American could agree on, but I think it is safe to say that all of us, whatever our background, or our age and...

The world's population is getting older. Today 1 in 11 people are aged over 65 yet it is estimated this could rise to 1 in 6 by 2050. But is the healthcare system built to cope with this increasing level of demand? Our incredible doctors, nurses, scientists, and researchers have saved millions of lives over the last 18 months but what areas of the healthcare system need investment? How does one go...

Until very recently, the Japanese stock market has been left behind by other developed markets and I ask Tim why this has been the case (1.56). Tim's fund, the Vermeer Global Fund, has had a high exposure to Japan since launch and I ask what he finds appealing about Japanese companies at the moment (4.25).   Despite the political uncertainty from Prime Minister Suga resigning and a slower recovery...

This week we delve into the smaller end of the UK stock market with Paul Marriage, Fund Manager of the Tellworth UK Smaller Companies Fund and Co-Founder of Tellworth Investments. We begin by looking back to Paul's early experiences as a young investor (1.25) and the building of his career at Cazenove surrounded by some other great managers of that era (4.46).   Paul explains why the UK smaller co...

This week we turn our attention to investing in Asia with Tom Naughton, Managing Partner and Chief Investment Officer of the Asian investment boutique, Prusik Investment Management. Tom was a great guest with unparalleled knowledge of the Asian investment markets and it was fascinating to listen to his career journey to date.   We looked back to Tom's early experiences at the Universities Superann...

It was a great privilege to talk to Robin Milway, CEO of Arbook Investors and Portfolio Manager of the Arbrook American Equities Fund. He has an excellent track record of investing in US stock markets and was awarded Citywire 'Star Stockpicker' during his time at EFG Asset Management. While many in the industry have Finance or Economics degrees, it was fascinating to hear how Robin's unorthodox ba...

We kick this episode off by looking back over the last few months, to understand why stock markets have performed so well recently (1.40)   Simon points to the unfathomable amount of fiscal and monetary stimulus in the system and the effect this has on asset prices, he then answers my nasty 64 million dollar question of what happens when the liquidity tap is turned off (4.38)   We then discuss the...

In this episode I have the pleasure of talking to Tim Gregory, Senior Fund Manager of the Vermeer Global Fund. We discuss: How Tim entered the Fund Management industry, what drew him to the stock market and his advice to graduates entering the industry. His early influencers, how the veteran fund manager Bill Mott took Tim 'under his wing', and how this experience shaped his investment philosophy...

Following last weeks dive into the Netflix success story, we get Charlie Fricker and Harry Clancy back on the podcast to discuss the future for Netflix and the competitive threats from other players in the TV streaming sector.

We look back at how Blockbuster made a huge mistake in not buying Netflix and what the future looks like for ITV and BT. Guests this week are Charlie Fricker of the Vermeer Global Fund and Harry Clancy of Vermeer Partners.

In this episode Paul talks to both Simons and Tim again about the emerging themes in Healthcare and Big Pharma.

Looking beyond Covid-19, the two Simons and Tim talk to Paul about the issues facing pharmaceutical companies, why GlaxoSmithKline is coming under pressure and one of the largest biopharma companies you may have never heard of…