In this episode in our Allocator’s Edge series of the Value Perspective, we’re joined by Chris Rule CEO of Local Pensions Partnership Investments, or LPPI, which oversees £25 billion in pension investments.  Chris has been with LPPI since 2016, starting as CIO before moving to his current role. Before that, he was CIO at London Pensions Fund Authority (LPFA) and before that he held several senior positions including Head of Alternatives at SEB Investment Management, as well as founding and co-managing the multi-strategy team whilst a Principal at Old Mutual Asset Managers. In this episode ..read more

In this episode, we’re joined by Russell Napier. Fans of the pod will recall that Russell first appeared on TVP in 2021, so this is a warm welcome back. For those not familiar, Russell is an independent market strategist, financial historian, an author and the co-founder of the Library of Mistakes. If you find yourself in Edinburgh, the Library is well worth a visit - check out their website for further details. Juan and Russell explore what has changed in the world from a monetary point of view since his last appearance on TVP. They discuss what history has taught us about the state in which ..read more

Welcome to Allocator’s Edge, a Value Perspective podcast mini-series where we will be engaging in conversations with some of the world’s top capital allocators. In this everchanging landscape of heightened inflation and interest rates, we aim to unravel how and why capital allocators make the decisions that they do. Join us as we explore the nuances between healthcare foundations, examining the impact of inflation on endowments and the strategic choices between share buybacks and dividends for pension schemes. In this miniseries we aim to shed light on the inner workings of capital allocation ..read more

In this episode in the Value Perspective ESG mini-series we’re joined by Kathryn Porter, founder of the consultant firm Watt-Logic. Kathryn started her career in the finance and energy sectors with a focus on structured products and new business development. She founded Watt-Logic in 2016 to advise energy companies across the EU and UK on how to best capture the commercial opportunities of the energy transition. She noted how traditional market frameworks in the sector are being rapidly replaced which enables new sources of income and threatens business models. In her spare time Kathryn is a t ..read more

In this episode of Allocator’s Edge on the Value Perspective we’re joined by Jim Dunn. Jim is the CEO of Verger Capital Management and has been with the firm since 2014. Prior to this Jim was Vice-President and Chief Investment Officer at Wake Forest University, responsible for investment of the University’s endowment, working capital and life income assets.  Verger caught our eye because they are an outsourced chief investment officer (OCIO) that exclusively serves non-profits including educational institutions, non-profit healthcare and community and cultural foundations. Verger was cre ..read more

In this episode, we revisit a favourite pet topic of ours on the Value Perspective, special situation investments, especially those that are driven by human biases. Our guest this week is Jim Royal, author of The Zen of Thrift Conversions. In our conversation we focus on decision making in a particularly niche field in America - thrift banks, which are also known as mutualised bank conversions. We discuss: what thrifts are and what types of thrift there are; what human biases are at play in this arena; what motivates the management of a mutualised bank to convert to a public company; what is t ..read more

Welcome to a milestone episode for the Value Perspective podcast, marking our 100th episode. To help us celebrate, we’re delighted to be joined by Mark Walker for the latest instalment in our Allocator’s Edge mini-series, where we talk with some of the world’s top capital allocators. Mark is the CIO of Coal Pension Trustees Services (CPT), responsible for the £22bn of investments of the Mineworkers Pension Scheme and the British Coal Staff Superannuation Scheme. Prior to joining CPT, Mark was Managing Director and Global Chief Investment Officer of the Univest Company, Unilever’s internal inve ..read more

This week we joined by Gary Sernovitz a Managing Director at Lime Rock, an oil and gas focused private equity firm, and the author of the Counting House, a novel about investment management. Gary started his career as an oil equity research analyst at Goldman Sachs before making the transition to the buy side. We’re delighted to have Gary on the podcast as we believe he is the first fiction writer that we have had on. His latest novel shines a light on what the university endowment world is like, how it operates, its different cultures, motivations and characters. While researching the novel ..read more

Welcome to Allocator’s Edge, a Value Perspective podcast mini-series where we will be engaging in conversations with some of the world’s top capital allocators. In an environment of heightened inflation and interest rates, we aim to unravel how and why capital allocators make the decisions that they do. The series will shed light on the inner workings of capital allocation to help listeners gain a better understanding of mandates and the intricate dance between strategy and reality. New episodes of the Allocator’s Edge will be released on alternating Thursdays. In this episode we are joined by ..read more

This week we welcome Merryn Somerset Webb to the Value Perspective podcast. Merryn is a columnist at Bloomberg and a host of their podcast Merryn Talks Money. Previously to Bloomberg she was the Editor in Chief at MoneyWeek following brokerage stints at SBC Warburg in Tokyo and BNP Paribas in London. She is also the bestselling author of two books on personal investing. Sean Peche returns to co-host the episode with Juan Torres-Rodriguez. They sat down to discuss Merryn’s thoughts on value investing over the last decade; the awakening of nuclear energy and the backstage politics of the nuclear ..read more