L&G Talks Asset Management

By L&GBusiness Investing

L&G Talks Asset Management episodes

May 14405: Do charities suffer from money illusion?
Money illusion is one of the most common behavioural biases and with nearly £30 billion held in cash, are UK charities assuming that the most cautious investment is also the safest choice?
L&G’s Nancy Kilpatrick, Head of Charities and Andrzej Pioch, Fund Manager and the Head of Risk Targeted Funds explore the risks that may be hiding in plain sight: the risk of holding too much cash, what that actually costs charities and how Trustees could be thinking about their investments.
They discuss:
The scale and risks of the cash challenge
Practical first steps that Trustees can take to put their reserves to work
How recent volatility and macro events have highlighted potential concentration risk
This podcast is hosted by Sarka Halas, Content Manager, and was recorded on 30 March 2026.
For professional investors only. Capital at risk. Risk management cannot fully eliminate the risk of investment loss. It should be noted that diversification is no guarantee against a loss
in a declining market.
For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security
19 min
May 12408: Unpacking the US Investment Outlook
In today’s fast-moving investment landscape, we believe staying ahead means looking beyond the headlines—understanding how powerful structural shifts like AI disruption can reshape markets, alongside ongoing geopolitical volatility.
In this edition of L&G Talks, Jason Shoup (US CIO), Jason Becker (Head of US Credit Strategy), Anthony Woodside (Head of Multi-Sector Fixed Income & Investment Strategy), and Dan Dreher (Solution Strategist) joined us for our first US-based conversation. They helped us unpack L&G’s Q2 US Investment Outlook, discussing:
Why AI disruption may be the bigger, longer-lasting market force than episodic geopolitical shocks
Insights into fixed income markets, including our base-case outlook for rates and spreads over the next quarter
Where AI buildout spending is creating private credit opportunities—and the red flags to watch for
How we think about AI-related opportunities in equities
25 min
May 06407: In conversation with Jo McCaffrey: leading through change
L&G’s Chief Strategy and Product Officer Jo McCaffrey talks to Chief Marketing Officer Andy McQuillan about the rapidly accelerating evolution of asset management, and her personal ascent through the industry.
In this wide-ranging and candid interview, Jo and Andy discuss the challenge of leading through change from three distinct perspectives:
How asset managers can adapt to meet changing client needs
The importance of culture in enabling team performance
What it takes as an individual to achieve your ambitions

For professional investors only. Capital at risk.
Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.
26 min
April 23406: All eyes on Affordable Housing
L&G’s Affordable Housing platform is a demonstration of how investing in real assets has the potential to make a real difference.
Aside from offering a potentially compelling opportunity for institutional investors, the provision of these homes addresses a critical societal need. In our latest podcast, we turn our attention to this space, while also noting some exciting recent developments around L&G’s efforts in Affordable Housing.
Joining us on the podcast this week we have:
Ali Farrell, Head of Impact Strategies for Real Estate, L&G
Shaun Holdcroft, Head of Affordable Homes, L&G
This podcast is moderated by Nick Jardine, Content Manager at L&G.
All data is from the UK’s Ministry of Housing, Communities and Local Government as of March 2025.
Assumptions, opinions and estimates are provided for illustrative
purposes only. There is no guarantee that any forecast will come to
pass.
19 min
April 16 404: Behaviour, data and technology: the DC outcomes equation
This episode explores how the DC industry – and L&G – can move from member engagement to action, at a time when new research* indicates that 41% of working people aged 25 to 55 are not on track for the retirement income they’ll need.
DC Close Up host Lesley‑Ann Morgan, Global Head of DC in our Asset Management business, is joined by Jenny Hazan, Director of Customer Strategy and Engagement at L&G. Together, they discuss why the biggest challenge in DC pensions is not participation but adequacy – and why information alone rarely changes behaviour.
Drawing on examples spanning compound growth, behavioural biases and artificial intelligence (AI), this episode considers how behavioural science, data and technology must work together to support better member outcomes.
This podcast was recorded on 31 March 2026. All information and views from L&G as at date of recording.
*Decades Ahead research launched by L&G and research partner Public First on the 18 March 2026.
https://group.legalandgeneral.com/en/about-us/our-purpose/safeguarding-financial-futures/decades-ahead
For professional investors only. Capital at risk.

Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass.

Past performance is not a guide to the future. The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.

The information in this podcast is for information purposes only and we are not soliciting any action based on it. It is not a recommendation to buy or sell securities or pursue a particular investment strategy. It is not investment, legal, regulatory or tax advice.

24 min
April 09 403: The case for dynamic duration management in credit portfolios
In this episode, Amelie Chowna, Head of Fixed Income Strategic Initiatives and Alex Mack, Head of Inflation and Rates explore the role of duration in fixed income portfolios and ask if it is a consistently reliable hedging tool.
They also discuss why they believe it is important to manage duration dynamically in unconstrained bond portfolios across varying market conditions.
This episode was recorded on 24 March 2026.
All data from L&G and/or Bloomberg as at 31 December 2025.
Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecast will come to pass. It should be noted that diversification is no guarantee against a loss in a declining market.
20 min
March 26402: Prepare don’t predict: Tackling geopolitical uncertainty
We can’t predict how geopolitical events unfold, but how do investors adapt to market stress and maintain portfolios that remain robust regardless of the headlines?
L&G’s Chris Jeffery, Co-Head of Asset Allocation and Head of Macro; Aimee Bowkett, Fund Manager; and Chris Teschmacher, Fund Manager and Head of AA Investments Specialists discuss:
Why uncertainty feels so acute and why the data tell a different story
How ‘reckless prudence’ means being too cautious could be a genuine risk
Regret, diversification and the cost of being prepared
For more insight into the team’s prepare don’t predict philosophy, read their playbook for geopolitical risk management and why uncertainty isn’t the enemy. Please see the links below.
Playbook for geopolitical risk management - https://blog.landg.com/categories/investment-strategy/prepare-dont-predict-prepare-dont-predict-a-timeless-playbook-for-geopolitical-risk-management/
Why uncertainty isn’t the enemy – https://blog.landg.com/categories/investment-strategy/prepare-dont-predict-why-uncertainty-isnt-the-enemy/
This podcast is hosted by Sarka Halas, Content Manager, and was recorded on 16 March 2026.

For professional investors only. Capital at risk. Risk management cannot fully eliminate the risk of investment loss. It should be noted that diversification is no guarantee against a loss in a declining market.
For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.
30 min
March 20401: Middle East update – market impacts and outlook
This episode is the edited audio of a webinar we held with clients on 20 March to discuss the market reaction to the ongoing conflict in the Middle East.
Alongside human and political consequences, the conflict in the Middle East continues to impact markets. In this webinar, we shared our reflections on market conditions and managing risk in this environment.
Among other topics, our speakers covered:
The magnitude of market moves so far
How elevated inflation expectations are affecting the path of interest rates
What a higher oil price means for emerging market debt
Why recent moves in gilt yields are very different from those we saw in 2022

Our speakers were: Chris Jeffery, Co-Head of Asset Allocation and Head of Macro; Ben Bennett, Chief Investment Strategist for Asia; and Raza Agha, Head of Emerging Market Sovereign Strategy.
The webinar was moderated by Lara Edmonstone-West, Head of Solutions Distribution.
For professional investors only. Capital at risk. Risk management cannot fully eliminate the risk of investment loss. It should be noted that diversification is no guarantee against a loss in a declining market.
34 min
March 19400: Three paths to diversification
In this special edition of L&G Talks Asset Management, we examine three different approaches to diversification.
Our speakers are:
Elisa Piscopiello, Senior Index and ETF Analyst, who talks about dividend income strategy
Aude Martin, Head of Pooled Index Investment Specialists, who talks about equal weighting
Shichen Zhao, ETF Thematic Research Analyst, who talks about the factor profiles of thematic strategies

This podcast is hosted by Harry Brooks, Content Manager, and was recorded on 13 March 2026.
For professional investors only. Capital at risk. It should be noted that diversification is no guarantee against a loss in a declining market.
25 min
March 06399: Middle East conflict: implications for investors
This episode is the edited audio of a webinar we held with clients on 5 March to discuss the implications for investors of the recent escalation in the Middle East.
Alongside its profound human and political consequences, the conflict has prompted significant market moves. Among other topics, our speakers covered:
How the duration of energy market disruption could be pivotal to the investment outlook
The potential implications for inflation and central bank policy of higher energy prices
Why government bond yields have moved higher and credit spreads are largely tighter
The market backdrop in which the conflict has unfolded, including AI-related concerns
Signals that might prompt us to make material changes to portfolio positioning

Our speakers were Jason Shoup, Global Co-Head of Fixed Income and CIO, L&G – Asset Management, America; Colin Reedie, Head of Active Strategies; and Chris Jeffery, Co-Head of Asset Allocation and Head of Macro.
The webinar was moderated by Laura Brown, Head of Public Markets Distribution.
For professional investors only. Capital at risk.
35 min

About L&G Talks Asset Management

From the publisher's feed

What does a changing world mean for my portfolio? Which asset classes are undervalued? Will declining demographics affect my investments? From L&G’s Asset Management division, we bring you conversations about the global economy and how professional investors can take advantage of these opportunities.