Julia Hoggett delivers a master class in diagnosing the issues that have confronted stock markets, capital raising, risk appetite, and pension allocations here in the UK.

She describes some of the immense transformations taking place, with top of the list being the ability for private companies to have their shares transacted on the London Stock Exchange, whether UK or overseas, now!

She describes the absence of risk appetite, the planned changes to address this, how the 27,000 active pension schemes in the UK, representing the second largest pensions market globally, are being brought together to emulate the best of Canada and Australia.

Julia explains the changes to make capital raising simplified, to assist scale ups, to encourage them to stay in the UK and finally why the UK IPO market may have a lot more good news coming down the tracks!

To quote Ian Dury and the Blockheads: “Reasons to be cheerful…”

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If you liked the music from Harry Potter, Lord of the Rings, Game of Thrones or Stranger Things, did you ever wonder who owns the rights and royalties and where the investment opportunity may lie?

In this conversation of an intriguing “alternative investment”, we welcome a founder and CEO who sits at the epicentre of this web, capitalising upon the powerful growth which is changing ways music, film and television are consumed.

Philip explains why there has been proliferation of digital platforms and content, matched by an increase in demand for media music usage, and how digitsation has allowed singers to know and to collect their entitlements.

He describes the forces driving these developments, the interplay between the cogs of the music machine and the opportunity they identified in an addressable market estimated to be worth £30bn. He explains Cutting Edge Group’s path to become a world leading music partner to the film and TV industries.

From the revenue model, the financing, through to the integrated platform they have built, Philip discusses how complexity around the ecosystem creates opportunity. He references why their recent JV with Warner Bros Music significantly increases the assets under CEG’s management and underscores its growth from a niche player into a major partner for Hollywood studios.

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Designed for finance professionals, these episodes offer deeper and more intricate insights into a range of investment funds and other finance businesses. 

Produced in partnership with firms, they help support the main show and ensure we can bring you more insightful and inspiring finance content! Enjoy our trailer here!

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In the investing universe, where long/short hedge funds are fewer and passive has reigned supreme, Orgueil Capital was established in February 2024 as an investment fund with an aspiration to quintuple investment capital over the next 8-9 years! 

Founder Stephen Roberts, previously of Horseman Capital, explains why he came out of retirement to run a return-seeking, concentrated, thematic fund (with his family as a cornerstone investor).  

He explains how they use a mix of thematic and fundamental research, helped by a macro-overlay to identify a range of opportunities. 

Stephen covers why, at the time of recording, they’re long on Chinese technology companies like Alibaba and UK house builders, but short on European car manufacturers.   

Whilst he recognises that long/short is not an approach for everyone, he contends it is suitable for a slice of an investor’s allocation. 

Stephen’s conviction about the available opportunity set and willingness to back his convictions emphatically means his approach is more reminiscent of many of the hedge funds that were once a much larger part of the investing world. Recorded on 9th June 2025.  

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RETRACTION: In the introduction (00:50) Simon states that Orgueil Capital aims to "...quintuple capital through returns over 5-7 years." In fact, Orgueil Capital hopes to quintuple capital over the next 8-9 years. For more information on this, please visit their website.

DISCLAIMER: All content on the Money Maze Podcast is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. We try to provide content that is true and accurate as of the date of publishing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. Guests, presenters and other individuals involved in the production of this podcast may have positions in any of the investments discussed. Please note, Money Maze Curated Podcasts are funded by the interviewee or their featured organization, unlike the Money Maze Podcast, which is funded by third party advertising.

Polen Capital is a US investment management organization, founded in 1979, which has a growing global footprint driven by its specialisation in concentrated equity portfolios and high yield credit strategies.  

Stan explains their equity approach, high return on capital and lower volatility. Equally he discusses why they view “credit as different to the agencies” and the opportunities their approach delivers in terms of “yield advantage”.  

He discusses the evolution of the business and its route to managing circa. $60bn today. He then describes the investment in building a lasting culture, their geographic expansion of offices to London, Singapore and Abu Dhabi, and how these fit into their ambitions and growth plans.  

Finally, he discusses recently attracting the European hi-yield team from Aberdeen Investments, the purchase of Somerset Capital and Hong Kong based Income Partners, and strategic goal of pursuing both organic growth and growth by acquisition.   

*Please note that at 21:58, Stan misspeaks when discussing basis points. Where he says "1,500" he means to say "150" basis points. 

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DISCLAIMER: All content on the Money Maze Podcast is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. We try to provide content that is true and accurate as of the date of publishing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. Guests, presenters and other individuals involved in the production of this podcast may have positions in any of the investments discussed. Please note, Money Maze Curated Podcasts are funded by the interviewee or their featured organization, unlike the Money Maze Podcast, which is funded by third party advertising.

In 1965, the BBC launched Tomorrow’s World, a pioneering program that ran for four decades, spotlighting innovations in technology, healthcare, and science—many of which became essential to modern life.

Today, the commercialization of groundbreaking inventions presents significant investment opportunities, but identifying, funding, and nurturing them demands vision, skill, and patience.

In this conversation, Peter Davies, Senior Partner and Portfolio Manager at Lansdowne Partners, shares insights into his approach and their latest fund designed to tap into these opportunities.

He discusses the appeal of UK intellectual property from leading British universities - often underfunded and overlooked - drawing on a decade of experience investing in this ecosystem.

From sourcing and financing to filtering and partnering, Davies explains how technological disruption creates both challenges and commercial opportunities.

He details exciting prospects, the fund’s structure, exit strategies, and why, despite the allure of high rewards, strict process and valuation discipline remain paramount.

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DISCLAIMER: All content on the Money Maze Podcast is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. We try to provide content that is true and accurate as of the date of publishing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. Guests, presenters and other individuals involved in the production of this podcast may have positions in any of the investments discussed. Please note, Money Maze Curated Podcasts are funded by the interviewee or their featured organization, unlike the Money Maze Podcast, which is funded by third party advertising.

If science and innovation hold the keys to tomorrow’s kingdoms, then their successful discovery, nurturing, and commercialisation will give advantage to the nations where they are found and built and in turn, offer the potential for significant investment opportunities.

Greg Smith, is CEO of IP Group, one of the UK’s very few specialised, publicly listed, investors in science and innovation.

In this episode, Greg explains IP’s business and opportunity set. He discusses UK innovation and where and why it is world class.

He explains sourcing opportunities, the investment process, and why he is so excited about their portfolio (covering firms such as Oxford Nanopore, Istesso, Pulmocide, Oxa & Hysata). 

He continues with discussing the hurdles in the UK to commercialising and retaining more of the great innovations found here, and assesses their early mover position. 

Finally he discusses the share price’s discount to NAV, and what may lie ahead.

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DISCLAIMER: All content on the Money Maze Podcast is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. We try to provide content that is true and accurate as of the date of publishing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. Guests, presenters and other individuals involved in the production of this podcast may have positions in any of the investments discussed. Please note, Money Maze Curated Podcasts are funded by the interviewee or their featured organization, unlike the Money Maze Podcast, which is funded by third party advertising.

“What could go right?” is a question investors sometimes need to ask, particularly when an asset class, region, or style of investing is unloved, out of favour and under allocated to. I’m referring to emerging markets. 

The Wall Street Journal recently published a chart showing emerging markets at a 50 year low relative to the S&P, which might remind us of George Soros’s comment that we should “discount the obvious and expect the unexpected”.

In this conversation, Christina explains what she believes are significant valuation anomalies, and the ‘immense’ opportunities in the universe where she invests.

She discusses EAM’s investment process, especially in the under-researched small to mid-cap domestic EM universe in which they invest.

She explains idea generation, the concentrated portfolio composition of 25 stocks, the 8 countries which they target, typical holding periods and the prerequisite of on the ground research.

She gives two examples of companies they own, dealing with liquidity and volatility, having the wind in your face, and the type of clients best-suited to this strategy. 

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EAM DISCLAIMER

MONEY MAZE PODCAST DISCLAIMER

Paul begins with explaining why his initial job at the Federal Reserve was so important for his subsequent future in finance.

He then details how he capitalised on those lessons at Merrill Lynch and JP Morgan before seeing potential opportunities developing from the emerging troubles in the world of banking in 2008, leading to the creation of Orchard Global.

He explains Orchard’s mission, expertise, typical client profiles and how they helped pioneer significant risk transfers (SRTs) during the GFC. A significant risk transfer (SRT) deal is a financial transaction that allows banks to reduce their regulatory capital requirements by transferring credit risk to third-party investors.

He discusses their private and public credit strategies, before covering how regulation such as Basel III is impacting the market.

Paul then explains how, in providing private & public market credit solutions, they play a particularly pivotal role in helping banks.

Finally, he explains why investors go to them in order to “stay rich”!

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DISCLAIMER: All content on the Money Maze Podcast is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. We try to provide content that is true and accurate as of the date of publishing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. Guests, presenters and other individuals involved in the production of this podcast may have positions in any of the investments discussed. Please note, Money Maze Curated Podcasts are funded by the interviewee or their featured organization, unlike the Money Maze Podcast, which is funded by third party advertising.

Santander Asset Management manages almost $230 billion*, employs over 850 people and operates in 10 countries. In this interview we’re pleased to feature Samantha Ricciardi, who has been CEO of the company since February 2022. 

Samantha begins by putting into context the perspectives she acquired after working at BlackRock and Schroders, before covering Santander’s investment philosophy, key strengths, and priorities for 2024/25.

She discusses the investment flows into and out of Latin America, the forces of digitisation, passive’s growth, and how they are judiciously building a private markets capability.

She then explains more about investment interest in local LATAM debt & Middle Eastern inflows to the region, and why - as a significant player in the UK market - the investment opportunities here remain compelling. Interview recorded in June 2024. 

Sign up to our Newsletter | Follow us on LinkedIn | Watch on YouTube | *As of March 2024

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DISCLAIMER - SANTANDER ASSET MANAGEMENT UK LIMITED

This podcast has been approved by Santander Asset Management UK Limited (SAM UK). This podcast is for information purposes only and does not constitute an offer or solicitation to buy or sell any securities or other financial instruments, or to provide investment advice or services. Opinions expressed within this podcast, if any, are current opinions as of the date stated and do not constitute investment or any other advice; the views are subject to change and do not necessarily reflect the views of Santander Asset Management as a whole or any part thereof. While we try and take every care over the information in this podcast, we cannot accept any responsibility for mistakes and missing information that may be presented. The value of investments and any income is not guaranteed and can go down as well as up and may be affected by exchange rate fluctuations. This means that an investor may not get back the amount invested. Past performance is not a guide to future performance. All information is approved by Santander Asset Management UK Limited (Company Registration No. SC106669). Registered in Scotland at 287 St Vincent Street, Glasgow G2 5NB, United Kingdom. Authorised and regulated by the FCA. FCA registered number 122491. You can check this on the Financial Services Register by visiting the FCA’s website: www.fca.org.uk/register. Santander and the flame logo are registered trademarks: www.santanderassetmanagement.co.uk.

DISCLAIMER - MONEY MAZE PODCAST

All content on the Money Maze Podcast is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. We try to provide content that is true and accurate as of the date of publishing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents.Guests, presenters and other individuals involved in the production of this podcast may have positions in any of the investments discussed. Please note, Money Maze Curated Podcasts are funded by the interviewee or their featured organization, unlike the Money Maze Podcast, which is funded by third party advertising.