In this standalone episode, Ian is joined by Quintin Price, Chair of our Asset Allocation Committee, and Donald McFarlan, Portfolio Management Director, to discuss the investment implications of the conflict in Iran, including:

1. What has happened, what are the implications and how should investors respond?
2. How have markets reacted and what impact has that had on our portfolios?
3. What are the longer-term possibilities for the conflict and what could this mean for asset allocation?

In this episode, Ian is joined by Kate Russell, Managing Director of Tellus Natural Capital and Dimitri Zenghelis, Chair of our Responsible Capital Committee, to discuss:

1. The importance of natural capital in the economic system
2. Incorporating natural capital in economics and the role of technology and AI in measuring ecosystems
3. The UK's progress on natural capital

In this episode, Ian is joined by Dimitri Zenghelis, Chair of our Responsible Capital Committee and Senior Associate at the Cambridge Institute for Sustainability Leadership, to discuss the evolving landscape of responsible capital, including:

1. Trump’s impact on the progress of sustainability
2. The transition to electrification and renewable energy and China's strategic lead in these sectors
3. The progress of natural capital in the UK

In this episode, Ian and Robert discuss:

1. 2025 recap: how should we reflect on market performance in 2025?
2. Private markets: have private markets recovered and how did our portfolios perform?
3. Opportunities: how did the opportunities we previously highlighted perform in 2025 and what are the key opportunities for the year ahead?

In this episode, Ian is joined by Ali Akay, Chief Investment Officer of Carrhae Capital, an investment manager specialising in emerging market equities, to discuss:

1. How a chance conversation about the ex-prime minister of Turkey led to Ali’s career in investing
2. How Carrhae’s best-in-class emerging market equity selection process sets them apart
3. An example of how Carrhae’s investment philosophy works in practise

In this episode, Ian is joined by Mario Acquistapace, Investment Research Associate Director at CapGen, to discuss emerging market equities, including:

• An overview of the current landscape, how they've performed and the associated risks
• Our manager selection process
• Carrhae Capital's investment strategy and the rationale behind choosing them as a partner

In this episode, Ian and Robert discuss emerging market equities from a macro perspective:

• Market overview: how have emerging market equities performed over the past year and how do we classify them?
• Portfolio context: what is their role in portfolios and what are the risks?
• Investment strategy: what are the pros and cons of active vs passive approaches?

In this episode, Ian is joined by Felipe Morenés, Founding Partner of Stoneshield Capital, a distressed and opportunistic long-term investment firm, to discuss:

• Felipe's own professional journey, Stoneshield’s origins and what makes them distinctive
• Stoneshield's investment strategy and how they identify opportunities
• An example of a successful deal, from initial concept to value creation and exit

In this episode, Ian is joined by Ross Davies, Head of Real Estate at CapGen, to discuss real estate, including:

• Current opportunities in Europe and the US
• Our investment selection process
• How to access these opportunities

In this episode, Ian and Robert discuss Real Estate from a macro perspective:

• Market overview: how has real estate performed over recent years and what do we mean by opportunistic real estate?
• Portfolio context: what is the role of real estate in portfolios and what is the opportunity cost of capital?
• Opportunities: what does the current opportunity set look like?