L&G Talks Asset Management

By L&GBusiness Investing

L&G Talks Asset Management episodes

September 18, 2025 378: Why doesn’t it feel like a bull market? Market Talk
Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on upcoming central bank decisions, and explains why market returns, economic growth and sentiment don’t always run in parallel.

This podcast was recorded on 17 September 2025 and is hosted by Harry Brooks.

All data is sourced from LSEG as at 17 September 2025 unless otherwise stated.

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.
24 min
September 11, 2025377: Do famous investment sayings hold water?
Anyone who has spent time thinking about markets is likely to have heard at least a few time-honoured investing aphorisms.

But do they actually work?

In this episode, three experts discuss the findings from their recent whitepaper, which aimed to answer this question, separating the pearls of wisdom from the specious sayings. Our speakers are:
Christopher Jeffery, head of macro strategy
Christopher Teschmacher, fund manager and head of asset allocation investment specialists, and
Patrick Greene, strategist
This podcast is hosted by Dee Campell, DC Content Manager, and was recorded on 8 September 2025.

To read the whitepaper, search for ‘L&G insights’, where you’ll find all our latest thought leadership.

It should be noted that diversification is no guarantee against a loss in a declining market. 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.
17 min
September 04, 2025 376: Government debt and the uncertainty premium – Market Talk
Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on the latest drama at the US Federal Reserve, political developments in France, and China’s equity market rally.
This podcast was recorded on 3 September 2025 and is hosted by Harry Brooks.
All data is sourced from LSEG as at 3 September 2025 unless otherwise stated.
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.
25 min
August 06, 2025 375: Interest rate expectations, US data revision and AI earnings – Market Talk
Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on the steepening of the yield curve, the collision of politics and economic data, and bumper earnings from the US tech giants.
This podcast was recorded on 6 August 2025 and is hosted by Harry Brooks.
All data is sourced from LSEG as at 5 August 2025 unless otherwise stated.
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. 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.
23 min
July 31, 2025374: UK universities: A nexus for private market investment
On this week’s L&G Talks Asset Management, we cover how UK universities are creating a nexus for Private Markets investment. Our recent research covered this subject, and discussion focused on some of the key points it raised, along with potential investment implications.

Our panel consisted of:
Bill Page, Head of Real Estate Research, L&G
Melissa Lockett, Investment Director, Investment & Place Partnerships, L&G
You can listen on: Apple Podcasts, Audioboom and Spotify.

This podcast is hosted by Nick Jardine, Content Manager – Private Markets, at L&G. It was recorded on 29 July, 2025.

Sources:
Beauhurst, Spotlight on Spinouts, 2024, L&G
StuRents, Knight Frank, December 2024
HESA, 2025
L&G calculations form ONS workforce jobs data, 2025
London Economics/Universities UK – The impact of higher education
sector on the UK economy, Aug 2023

For professional investors only. Capital at risk.
22 min
July 24, 2025 373: Where next for AI stocks? Market Talk
Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on early signs that tariffs are having an impact on US inflation, volatility in Japanese government bonds and what’s driving AI stocks.
This podcast was recorded on 23 July 2025, and is hosted by Harry Brooks.
All data is sourced from LSEG as at 23 July 2025 unless otherwise stated.
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.
22 min
July 10, 2025 372: In conversation with... Eric Adler, CEO, Asset Management
In this special and wide-ranging episode, Eric reflects on his journey through the asset management industry and the personal values that informed his decision to join L&G.

"Humility is key - and I think I learned that in my upbringing," he says.

Speaking with Jo McCaffrey, Chief Strategy and Product Officer for our Asset Management business, Eric also discusses his ambitions for our business, the democratisation of private markets, our approach to market volatility and why French is his favourite language but Italian is his favourite food. This podcast was recorded on 30 June, 2025.

Source for percentage of pension risk transfer deals originating from existing clients: L&G 2024 full year results. All other figures cited L&G as at 30 June 2025 unless otherwise stated.

For professional investors only. Capital at risk.
27 min
July 04, 2025 371: Our Midyear Global Outlook – The CIO call

We recorded this special episode to mark the publication of our midyear global outlook, which offers key views across public and private markets after a particularly eventful first six months of 2025. Topics covered include:

Long-term implications from the tariffs-related volatility spike
How our AFI team in Chicago is navigating policy uncertainty
The approach taken by our Multi-Asset team to USD assets
The outlook for private market assets – and their role in portfolios
Addressing concentration risk within index and ETF strategies

During the episode, Sonja Laud, our Global CIO, was joined by:

Anthony Woodside, Head of Multi-Sector Fixed Income & Investment Strategy, Asset Management, America
Christopher Jeffery, Head of Macro Strategy
David Barron, Global Head of Index and ETFs
Rob Martin, Global Head of Investment Strategy & Research, Private Markets

The speakers also offer non-consensus market views for the next six months – and share what they are planning to read and watch over the summer.
The podcast was recorded on 3 July and was moderated by Max Julius, Head of Content.

For professional investors only. Capital at risk.
42 min
June 25, 2025 370: Middle East conflict, inflation and interest rates – Market Talk
Ben Bennett, Head of Investment Strategy Asia, shares his thoughts on the market impact of the Middle East conflict. Also on the agenda is possible rates divergence between the US and Europe, the shortcomings of economic data, and why GDP per capita may not tell the whole story of emerging markets.
This podcast was recorded on 24 June 2025.

All data is sourced from LSEG as at 24 June 2025 unless otherwise stated.
For professional investors only. Capital at risk. Securities mentioned for illustrative purposes only.
21 min
June 19, 2025 369: How to tackle equity market concentration risk
With market volatility front of mind in 2025, we explore equity market concentration risk and what can be done to mitigate it.
Our speakers are Aude Martin, Head of Pooled Index Investment Specialists, and Andrzej Pioch, a Fund Manager specialising in multi-asset strategies in our Asset Allocation team.
All data from Bloomberg as at 5 June 2025 unless otherwise stated.
For professional investors only. Capital at risk. Past performance is not a guide to the future. It should be noted that diversification is no guarantee against a loss in a declining market. Securities are 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. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass.
17 min

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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.