Citywire The Wealth Show

The Wealth Show

Our weekly podcast offers rare access to the sharpest minds in investment, along with insights from top executives in the wealth and fund management industry. Find out what makes these individuals tick and where they see the best opportunities in global markets.
Weekly English United Kingdom Business · Investing
233 Episodes
160 – 180

WisdomTree's Guthrie: 'Bitcoin is tame compared with Tesla'

Bitcoin has been making the headlines yet again this year, with its price skyrocketing over the past few months. In January the FCA issued a warning about investing in cryptocurrencies, and there are clearly fundamental concerns over volatility. However, institutional investors have started to take interest in Bitcoin, but is…
4 Feb 2021 20 min

Why Man GLG's Powe is hanging onto Ryanair

In this episode we speak with veteran European Investor Rory Powe, who manages Man GLG's £2.1bn Continental European Growth fund. The strategy has been pretty resilient, despite European equities being largely unloved. It has returned 42% over three years compared with a sector average of 16%.
27 Jan 2021 24 min

EU won't embrace the city with open arms

Will Britain manage to get full access to EU financial markets? Unlikely, say experts. James Smethurst, regulatory partner at law firm Freshfields, explains the issues at stake but has faith the City won't lose its clout.
20 Jan 2021 21 min

Inside the fund targeting 7% return from the homeless

Earlier this week I spoke with Simon Chisholm, CIO of Resonance. The firm has launched a fund investing in properties to lease to women’s organisations and homelessness charities. The strategy is targeting an annual return of between 5-7%, and Resonance is launching the fund as a joint venture with private…
16 Dec 2020 17 min

What the FAANG? - Will Amazon continue to dominate In 2021?

With Amazon’s share price up 70% year-to date, can the tech juggernaut continue to rise next year? Neil Campling, co-head of global thematic group at Mirabaud Securities, believes Jeff Bezos’ firm still has more room to grow. He argues that the stock has done ‘very little’ in comparison with other…
9 Dec 2020 18 min

How Premier Miton grilled Boohoo

With Boohoo and Rio Tinto immersed in controversy, many shareholders have tried to engage with the firms to push for change. Citywire AAA-rated Jon Hudson, manager of the Premier Miton UK Growth fund, talked to us about his conversations with both and why he still owns the shares. He also…
1 Dec 2020 17 min

Can value’s decade of underperformance be reversed?

With three separate Covid-19 vaccines announced in November, value stocks have experienced somewhat of a recovery after a particularly trying year. But what are the long term prospects for value investing? Is a rotation away from growth, which has dominated the past decade, on the horizon? We spoke with Tom…
25 Nov 2020 16 min

Short seller Norris: Covid vaccines are no ‘silver bullet’

Barry Norris, founder and chief executive of Argonaut Capital, tells us why he thinks the market reaction to coronavirus vaccine breakthroughs has been too positive, how short-selling does more good for society than ESG investing, and why he is considering expanding the universe of his European long-only funds to include…
18 Nov 2020 27 min

Has Alibaba's growth story ended?

Last week saw the failure of Ant Group’s $34.5bn IPO. Chinese tech giant Alibaba was burnt by this, as it owns around a third of the company. As a result, the failed listing shaved $60bn off Alibaba’s market cap in a single day. Rob Brewis, manager of the Aubrey Global…
11 Nov 2020 18 min

‘Alternatives haven't delivered in times of fear’

Four of this year’s Wealth Manager Top 100 winners about their experience of fund selection during the Covid-19 pandemic. One area of disappointment seemed to be in their allocation to alternative investments. In our Top 100 survey this year, the average allocation to alternatives stood at nearly 10%. Speakers in…
4 Nov 2020 13 min

Are miners a better bet for gold allocation?

Gold has been one of the few assets that has risen during the pandemic, with investors flooding in as a defensive measure. Its price currently sits above $1900 an oz - and briefly surpassed the $2000 mark in August. Year-to-date, prices are up 25%, but can the gold rush continue?…
28 Oct 2020 28 min

What The FAANG? - Why this Liontrust manager sold Apple

Apple’s share price has been on a monumental rise over the past two years, with the firm surpassing a $2trn market cap earlier this year. Last week Apple launched its first 5G smart phone, the iPhone 12, with four different models available for eager Apple fanboys. Storm Uru, manager of…
21 Oct 2020 23 min

Is the 60/40 portfolio fit for purpose?

The 60/40 portfolio has been a mainstay of modern portfolio theory, with the greater weighting towards equities over bonds being a feature of the typical portfolio. However, more recently that approach has come into question as returns from both asset classes have become challenging - with issues being exacerbated by…
14 Oct 2020 17 min

Julius Baer private client head: 'UK jobs are safe'

Julius Baer’s head of UK private clients Alan Hooks spoke about whether the Covid-19 pandemic had impacted on UK growth plans, and whether there were any jobs culls on the horizon. Julius Baer had announced back in February that it was cutting 300 jobs across the group due to lower…
7 Oct 2020 22 min

Schroders' Docherty - Thematic investors must be wary of valuations

Schroders’ thematics director David Docherty, looks at how thematic investing is evolving, and the risks that investors should be wary of. We spoke about at how you spot a legitimate long-term trend, as well as when you need to scrap an idea that’s not viable.
30 Sep 2020 20 min

A View From Cambridge – Kleinwort Hambros’ Sam Hartles

Sam Hartles, private banker at Kleinwort Hambros, shares his lockdown experience from Cambridge, including how he’s keeping active, the long-term effects of the pandemic, and an altruistic perspective on the postponement of his nuptials.
23 Sep 2020 14 min

Liontrust's Stevens - 'Don’t label how men and women are supposed to think’

According to Citywire’s latest Alpha Female research, only 9% of UK funds are run by mixed gender teams. We caught up with Victoria Stevens and Matt Tongue from one of the UK’s top performing mixed teams - the Liontrust Economic advantage team. We discussed the performance of their Smaller companies…
16 Sep 2020 25 min

Hipgnosis’ crusade against the ‘villains’ of the music biz

Merck Mercuriadis claims that hit songs are a reliable income stream with no correlation to other asset classes. The ex-Elton John and Beyonce manager runs the Hipgnosis Song investment trust, which last month surpassed a £1bn market cap valuation. Merk has recently bought up the back catalogues of artists as…
2 Sep 2020 30 min
160 – 180