66: £1.4 Trillion in Assets, £2 Billion of Profit: Sir Nigel Wilson, CEO of Legal and General, Explains The Opportunities Ahead

06/02/22 • 32 min

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In an investing world where the “new thing” can too easily grab investor attention, sometimes it’s the case that an institution, especially one almost 200 years old, may be considered less relevant.

So in this episode we welcome on Sir Nigel Wilson, one of the longest serving FTSE 100 CEOs. He was knighted for his contributions to finance & regional development, and for running the 2nd largest institutional asset manager in Europe.

Sir Nigel Wilson discusses the business today, and how it has evolved. He explains their asset management and asset origination, marrying long-term capital with a strategic vision. He also covers their investments in key areas of infrastructure, housing, and the growing pension risk transfer market.

He goes on to explain their approach to inclusive capitalism, their expansion overseas, how the market views their valuation, the stock’s important yield and why he has had such long tenure as a CEO.

The Money Maze Podcast is sponsored by Schroders, Bremont Watches and LiveTrade.

Schroders is a global investment and wealth manager, with a purpose to provide excellent investment performance to clients, through active investment management.

Bremont is an award-winning British company that produces beautifully engineered chronometers, designed to appeal to those who share the appreciation of a beautiful mechanical wristwatch.

LiveTrade has changed the way fine wine is bought and sold worldwide. You can instantly buy and sell - or place bids and offers on - key wines from Bordeaux, Champagne, Italy and other world regions.

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undefined - 65: Karen Karniol-Tambour, Co-Chief Investment Officer for Sustainability at Bridgewater, the $160 Billion Hedge Fund, on Today’s Economic Landscape

65: Karen Karniol-Tambour, Co-Chief Investment Officer for Sustainability at Bridgewater, the $160 Billion Hedge Fund, on Today’s Economic Landscape

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Ray Dalio has described today’s guest, “as a vacuum cleaner of learning”, and in this episode Karen Karniol-Tambour exhibits a formidable grasp of the challenges of today’s investing environment.

The conversation begins with a review of the current monetary challenge facing the Fed and leads into the dilemma for investors weaned on variations of the 60/40 benchmark.

She explains Bridgewater’s enthusiasm for inflation protection, for owning important exposure to broad commodities, through to the role gold should play. At the same time she explains succinctly why US equities might be the worst performing asset class in the decade ahead.

She discusses why currencies could be an important source of return in a world of lacklustre performance, in a re-visit of the 1970s and 1980s.

Karen finally explains how Bridgewater think about the systematic and fundamental way of approaching sustainable investing, as well as the sustainable fund that they have developed.

The Money Maze Podcast is sponsored by Schroders, Bremont Watches and LiveTrade.

Schroders is a global investment and wealth manager, with a purpose to provide excellent investment performance to clients, through active investment management.

Bremont is an award-winning British company that produces beautifully engineered chronometers, designed to appeal to those who share the appreciation of a beautiful mechanical wristwatch.

LiveTrade has changed the way fine wine is bought and sold worldwide. You can instantly buy and sell - or place bids and offers on - key wines from Bordeaux, Champagne, Italy and other world regions.

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67: Exploring Goldman Sachs’s Listed Private Equity Vehicle, Petershill Partners – With Robert Hamilton Kelly, Managing Director

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In this Private Equity Miniseries, we examine why P.E. has grown to become such a significant artery in both the investment world and wider economy.
We discuss if this growth is secular, and an investment environment which continues to lead to rethinks of asset classes available for investors.
In this episode, I am delighted to speak to Robert Hamilton Kelly, Global Co-Head of Petershill Partners (part of Goldman Sachs Asset Management). They have raised over $10bn of P.E. capital since 2007, investing in private equity and alternatives businesses at the GP level.
Robert explains how and why Petershill own their investments and the characteristics they seek. He speaks about their approach to partnering with firms and the mutual benefits that develop, whilst also explaining the value of permanent capital.
He talks about some of their transactions, their decision to list in London, how investors have assessed the valuation case and why he is excited by the long term opportunities he believes are available through their approach.

The Money Maze Podcast is sponsored by Schroders, Bremont Watches and LiveTrade.

Schroders is a global investment and wealth manager, with a purpose to provide excellent investment performance to clients, through active investment management.
Bremont is an award-winning British company that produces beautifully engineered chronometers, designed to appeal to those who share the appreciation of a beautiful mechanical wristwatch.
LiveTrade has changed the way fine wine is bought and sold worldwide. You can instantly buy and sell - or place bids and offers on - key wines from Bordeaux, Champagne, Italy and other world regions.