|
Gallagher: Careful research and comparison of suppliers was vital |
A switch in time
Q Why did you change the traditional governance model in favour of fiduciary management? A We had an investment sub-committee to whom the trustees had delegated the oversight of the fund investments. The old model needed to be reviewed in light of a number of factors including: - The experience of extreme volatility over the previous two years which highlighted the inability of the investment committee, as constituted, to react quickly enough to change.
- The impact of pension fund liabilities on the company finances highlighted a need to manage risk better to help control volatility of the balance sheet liability and minimise upward pressure on contributions.
- The need to take emotion out of making asset allocation changes and hiring and firing managers.
|
|
Jarvis: Brazilian index-linked bonds are producing strong yields |
Revelling in research
How long have you been manager of the fund, and what were you doing before?
|
|
Maringe: mid-caps offer valuable growth potential for investors |
A more human approach
Q How long have you been manager of the fund, and what were you doing before? A This fund was launched at the beginning of November 2007. I joined Axa Investment Management (Axa IM) 11 years ago and at that time I was in the European small-mid cap team. I’m now responsible for the equity SRI (social and responsible investing) funds in Paris. Before joining Axa IM I worked for several French brokers and analysts.
|
|
Cohen: ‘The market has come roaring back with unprecedented strength’ |
High technology
Q How long have you been at your current role, and what were you doing before?
A I was a research analyst for many years, running technology research groups at Merrill Lynch, UBS and Smith Barney. I’m now the chief executive of T2 Advisers. Saul Rosenthal, the company president, started and ran the private equity group Soundview, which was a significant player in private equity in the late 1990s when a lot of internet, new media and telecom activity was taking place. Many of our principals have technology backgrounds, which is one of the reasons we’ve always been a technology-biased shop.
|
|
Cowley: questions stability of US dollar, with $1.6trn federal debt |
A word of warning
Old Mutual’s Stewart Cowley shares his frustrations with colleagues’ responses to the credit crunch, makes predictions for the future of currency bonds and reveals hidden orchestral talent.
|
|
Whitmore: a ‘contrarian’ who looks for opportunities in less popular areas |
Bet on the underdog
Manager of Jupiter’s UK Special Situations Fund Ben Whitmore talks to Nick Reeve about hunting for investment returns through big oil companies and firms that are down on their luck
|
|
Jones: would be playing cricket if not managing a real estate fund |
Double opportunity
With a decade of experience in real estate investments, Ben Jones now combines property with fixed income to offer long-term investors security as well as growth. He talks to Nick Reeve
|
|
Stewart: any economic growth in 2010 is likely to be muted |
Time to take stock
Iain Stewart tells Nick Reeve that his investment approach is clearly focused on the now, but that a long-term outlook is also required when selecting the highest quality global equities available
|
|
Harker: recommends buying large cap stocks over small caps |
Manufacturing good results
Nick Reeve speaks to GLG fund manager Stephen Harker about the merits of the Japanese markets, turning a profit from technology, and the prospects for the UK economy
|
|
Turnill: the budgets of western economies is a cause for concern |
If the price is right
BlackRock’s head of global equity Richard Turnill reveals where he stands on the economic recovery, the undervaluation of the equity markets and retiring to windsurf in Cornwall
|
|
Hindle: rates alternative assets as a short-term investment |
Offering assurance
Mark Hindle discusses the benefits of starting up an investment fund, the impact of the financial downturn on the market, and the dream of working on a boat – even if he doesn’t get paid
|
|
Fishwick: interesting times ahead |
Chaos management
Although Ian Fishwick was thrust into managing funds at Fidelity at the start of the credit crunch, he has faced the most exciting challenges of his career so far, he tells Nick Reeve
|
|
Nickols: policymakers must be careful not to choke off a recovery |
Small cap fund with big ideas
Old Mutual Asset Managers’ Dan Nickols tells Nick Reeve about bypassing the lows of the recession, the possible dawn of a new bull market and opportunities in emerging markets
|
|
Wythe: The UK could be the first property market to begin a recovery |
Building real returns
John Wythe discusses the ups and downs of commercial property, explains the appeal of regional shopping centres and offers his views on the likely recovery of the domestic market
|
|
MacDonald: potential growth makes it an exciting time for global equities |
Beating the benchmark
RCM’s Lucy MacDonald tells Owen Walker about the eventual upturn in equities markets, mentoring the next generation of investors and the potential returns to be had from the Chinese insurance sector
|
|
Rutherford: Investors must stay cautious and be healthily cynical |
Expect the unexpected
James Rutherford talks to Owen Walker about recognising growth companies, the need for rationalism over optimism and the inevitable increase of regulation in the financial sector
|
|
Zimmermann: ecological stocks will flourish when credit markets normalise |
Ecologically economical
Christian Zimmermann, manager of Pioneer’s global ecology fund, explains to Owen Walker why there’s much more to investing in positive ESG companies than solar panels and wind turbines
|
|
Smith: having a definitive valuation in mind when investing is crucial |
Rising to the tasks ahead
Jeremy Smith, UK equity fund manager at Neptune, discusses the joys of working for a smaller firm, the importance of locking in performance and new opportunities in the structural growth sector
|
