In this latest episode of Top of the Swaps, Katie Furniss-Brown and Benard Muja explain defensive autocalls: how defined return structured products function, the role of annual observations and step-down barriers, and the possible outcomes at maturity.

They cover why six-year terms are common, how investors use these products in portfolios (equity replacement or an alternatives sleeve), regional and underlying variations, and recent pricing drivers such as interest-rate differentials and fixed-income autocall opportunities.

Important information

Top of the Swaps is exclusively for professional investors only. Private investors should contact their financial adviser. 

Past performance is not a guide to future performance. The value of your investments may go down as well as up and investors may not get back the amount originally invested. Capital is at risk.

This is a marketing communication. This podcast is issued by Atlantic House Investments Limited and does not constitute or form part of any offer or invitation to buy or sell shares. It should be listened to in conjunction with reading the Fund’s Prospectus, Key Investor Information Document (“KIID”) or offering memorandum. Atlantic House Investments Limited is authorised and regulated by the Financial Conduct Authority FRN 931264. Atlantic House Investments Limited is a Private Limited Company registered in England and Wales, registered number 11962808. Registered Office: One Eleven Edmund Street, Birmingham. B3 2HJ.  

The contents discussed within this podcast are based upon sources of information believed to be reliable. Atlantic House Investments Limited has taken reasonable care to ensure the information stated is accurate. However, Atlantic House Investments Limited make no representation, guarantee, or warranty that it is wholly accurate and complete. The information provided in this material is confidential and only for use by its recipient. This material may not be disclosed or referred to any third party or distributed, reproduced, or used for any other purposes without the prior written consent of Atlantic House, any data provider and any other third party whose data is included herein and must be returned on request to Atlantic House and any copies thereof in whatever form destroyed. 

In the latest episode of Top of the Swaps, Delia Villiers, Head of UK Discretionary Sales, is joined by Deputy CIO and “Inflation Whisperer” Mark Greenwood to explore what’s driving the renewed focus on inflation and why it might not be as transitory as central banks suggest. Together, they delve into the rise of the so-called “debasement trade” and what it signals for investors, discuss whether gold’s record highs could point to longer-term inflation risks, and question the credibility of official inflation data. The conversation also considers whether developed markets may be entering a new era of sustained 5% inflation.

Important information

Top of the Swaps is exclusively for professional investors only. Private investors should contact their financial adviser. 

Past performance is not a guide to future performance. The value of your investments may go down as well as up and investors may not get back the amount originally invested. Capital is at risk.

This is a marketing communication. This podcast is issued by Atlantic House Investments Limited and does not constitute or form part of any offer or invitation to buy or sell shares. It should be listened to in conjunction with reading the Fund’s Prospectus, Key Investor Information Document (“KIID”) or offering memorandum. Atlantic House Investments Limited is authorised and regulated by the Financial Conduct Authority FRN 931264. Atlantic House Investments Limited is a Private Limited Company registered in England and Wales, registered number 11962808. Registered Office: One Eleven Edmund Street, Birmingham. B3 2HJ.  

The contents discussed within this podcast are based upon sources of information believed to be reliable. Atlantic House Investments Limited has taken reasonable care to ensure the information stated is accurate. However, Atlantic House Investments Limited make no representation, guarantee, or warranty that it is wholly accurate and complete. The information provided in this material is confidential and only for use by its recipient. This material may not be disclosed or referred to any third party or distributed, reproduced, or used for any other purposes without the prior written consent of Atlantic House, any data provider and any other third party whose data is included herein and must be returned on request to Atlantic House and any copies thereof in whatever form destroyed. 

In this episode, Delia Villiers, Head of UK Discretionary Sales, and Nick Johal, Head of Solutions, discuss Atlantic House’s new trend report on structured investments, highlighting a sharp rise in issuance, especially defensive autocalls, and growing demand for income and synthetic payoffs driven by higher interest rates and changing equity valuations. They discuss geographic shifts (FTSE EURO STOXX overtaking the S&P, and renewed interest in Japan), falling demand for explicit hedging, and fresh opportunities in gold, oil, and fixed‑income structures. Practical takeaways include pricing insights, payoff selection guidance, and how structured solutions can fit into diversified portfolios. 

Contact Atlantic House to request the Structured Product Trend Report.

Important information

Top of the Swaps is exclusively for professional investors only. Private investors should contact their financial adviser. 

Past performance is not a guide to future performance. The value of your investments may go down as well as up and investors may not get back the amount originally invested. Capital is at risk.

This is a marketing communication. This podcast is issued by Atlantic House Investments Limited and does not constitute or form part of any offer or invitation to buy or sell shares. It should be listened to in conjunction with reading the Fund’s Prospectus, Key Investor Information Document (“KIID”) or offering memorandum. Atlantic House Investments Limited is authorised and regulated by the Financial Conduct Authority FRN 931264. Atlantic House Investments Limited is a Private Limited Company registered in England and Wales, registered number 11962808. Registered Office: One Eleven Edmund Street, Birmingham. B3 2HJ.  

The contents discussed within this podcast are based upon sources of information believed to be reliable. Atlantic House Investments Limited has taken reasonable care to ensure the information stated is accurate. However, Atlantic House Investments Limited make no representation, guarantee, or warranty that it is wholly accurate and complete. The information provided in this material is confidential and only for use by its recipient. This material may not be disclosed or referred to any third party or distributed, reproduced, or used for any other purposes without the prior written consent of Atlantic House, any data provider and any other third party whose data is included herein and must be returned on request to Atlantic House and any copies thereof in whatever form destroyed. 

In this episode, Freddie Blackwell speaks with Tom Boyle, Senior Fund Manager and Lead Manager of the Uncorrelated Strategies Fund, to explore how dispersion strategies help investors navigate volatile markets. Tom breaks down how this relative value volatility approach capitalises on differences between single stock and index volatility, especially amid global tensions, shifting commodities, and earnings divergence across the US and Europe. From the impact of AI to post-COVID shifts, the episode offers timely insights for investors looking to harness market dislocations.

Important information

Top of the Swaps is exclusively for professional investors only. Private investors should contact their financial adviser. 

Past performance is not a guide to future performance. The value of your investments may go down as well as up and investors may not get back the amount originally invested. Capital is at risk.

This is a marketing communication. This podcast is issued by Atlantic House Investments Limited and does not constitute or form part of any offer or invitation to buy or sell shares. It should be listened to in conjunction with reading the Fund’s Prospectus, Key Investor Information Document (“KIID”) or offering memorandum. Atlantic House Investments Limited is authorised and regulated by the Financial Conduct Authority FRN 931264. Atlantic House Investments Limited is a Private Limited Company registered in England and Wales, registered number 11962808. Registered Office: One Eleven Edmund Street, Birmingham. B3 2HJ.  

The contents discussed within this podcast are based upon sources of information believed to be reliable. Atlantic House Investments Limited has taken reasonable care to ensure the information stated is accurate. However, Atlantic House Investments Limited make no representation, guarantee, or warranty that it is wholly accurate and complete. The information provided in this material is confidential and only for use by its recipient. This material may not be disclosed or referred to any third party or distributed, reproduced, or used for any other purposes without the prior written consent of Atlantic House, any data provider and any other third party whose data is included herein and must be returned on request to Atlantic House and any copies thereof in whatever form destroyed. 

In this episode of 'Top of the Swaps', hosts Delia Villiers and Deputy CIO Mark Greenwood unpack the disconnect between economic forecasts and real-world market behaviour. Known as the "Inflation Whisperer," Mark offers his take on why recent US tariffs and global tensions haven’t triggered the inflation surge many expected. The conversation also delves into the inflation derivatives market as a useful barometer for fixed income investors and highlights how systematic strategies can help investors navigate uncertainty while delivering more predictable outcomes.

Important information

Top of the Swaps is exclusively for professional investors only. Private investors should contact their financial adviser. 

Past performance is not a guide to future performance. The value of your investments may go down as well as up and investors may not get back the amount originally invested. Capital is at risk.

This is a marketing communication. This podcast is issued by Atlantic House Investments Limited and does not constitute or form part of any offer or invitation to buy or sell shares. It should be listened to in conjunction with reading the Fund’s Prospectus, Key Investor Information Document (“KIID”) or offering memorandum. Atlantic House Investments Limited is authorised and regulated by the Financial Conduct Authority FRN 931264. Atlantic House Investments Limited is a Private Limited Company registered in England and Wales, registered number 11962808. Registered Office: One Eleven Edmund Street, Birmingham. B3 2HJ.  

The contents discussed within this podcast are based upon sources of information believed to be reliable. Atlantic House Investments Limited has taken reasonable care to ensure the information stated is accurate. However, Atlantic House Investments Limited make no representation, guarantee, or warranty that it is wholly accurate and complete. The information provided in this material is confidential and only for use by its recipient. This material may not be disclosed or referred to any third party or distributed, reproduced, or used for any other purposes without the prior written consent of Atlantic House, any data provider and any other third party whose data is included herein and must be returned on request to Atlantic House and any copies thereof in whatever form destroyed. 

This episode of 'Top of the Swaps' features Charlotte Donaldson, part of the distribution team at Atlantic House, and Nick Johal, Managing Director and Senior Structured Product Specialist. Together, they delve into the world of structured products, challenging common myths and misconceptions.

Join Charlotte and Nick as they explore the essence of structured products, from defining what they are to understanding their purpose in the investment landscape. Discover why the term 'structured products' may be too broad, as Charlotte and Nick discuss the bespoke nature of these investments and how they cater to specific market strategies.

In this enlightening conversation, they also address who typically uses structured products and discuss their evolution from institutional exclusivity to broader accessibility. Moreover, they tackle some of the prevalent myths surrounding structured products - particularly their perceived complexity, associated risks, and market performance.

Nick provides insights into how structured products can fit into an investment portfolio, the role of risk management, and how recent regulatory changes have transformed transparency. This episode aims to educate professional investors about the strategic use and potential benefits of incorporating structured products into their investing toolkit.

Important information

Top of the Swaps is exclusively for professional investors only. Private investors should contact their financial adviser. 

Past performance is not a guide to future performance. The value of your investments may go down as well as up and investors may not get back the amount originally invested. Capital is at risk.

This is a marketing communication. This podcast is issued by Atlantic House Investments Limited and does not constitute or form part of any offer or invitation to buy or sell shares. It should be listened to in conjunction with reading the Fund’s Prospectus, Key Investor Information Document (“KIID”) or offering memorandum. Atlantic House Investments Limited is authorised and regulated by the Financial Conduct Authority FRN 931264. Atlantic House Investments Limited is a Private Limited Company registered in England and Wales, registered number 11962808. Registered Office: One Eleven Edmund Street, Birmingham. B3 2HJ.  

The contents discussed within this podcast are based upon sources of information believed to be reliable. Atlantic House Investments Limited has taken reasonable care to ensure the information stated is accurate. However, Atlantic House Investments Limited make no representation, guarantee, or warranty that it is wholly accurate and complete. The information provided in this material is confidential and only for use by its recipient. This material may not be disclosed or referred to any third party or distributed, reproduced, or used for any other purposes without the prior written consent of Atlantic House, any data provider and any other third party whose data is included herein and must be returned on request to Atlantic House and any copies thereof in whatever form destroyed. 

In the latest episode of "Top of the Swaps,"  Tom Boyle, fund manager of the Uncorrelated Strategies Fund, discusses market volatility in conversation with Andrew Madigan, Head of Client Investment Strategy. Together, they delve into the dynamics of volatility markets and look at why the last month has been so challenging for investors. 

Important information

Top of the Swaps is exclusively for professional investors only. Private investors should contact their financial adviser. 

Past performance is not a guide to future performance. The value of your investments may go down as well as up and investors may not get back the amount originally invested. Capital is at risk.

This is a marketing communication. This podcast is issued by Atlantic House Investments Limited and does not constitute or form part of any offer or invitation to buy or sell shares. It should be listened to in conjunction with reading the Fund’s Prospectus, Key Investor Information Document (“KIID”) or offering memorandum. Atlantic House Investments Limited is authorised and regulated by the Financial Conduct Authority FRN 931264. Atlantic House Investments Limited is a Private Limited Company registered in England and Wales, registered number 11962808. Registered Office: One Eleven Edmund Street, Birmingham. B3 2HJ.  

The contents discussed within this podcast are based upon sources of information believed to be reliable. Atlantic House Investments Limited has taken reasonable care to ensure the information stated is accurate. However, Atlantic House Investments Limited make no representation, guarantee, or warranty that it is wholly accurate and complete. The information provided in this material is confidential and only for use by its recipient. This material may not be disclosed or referred to any third party or distributed, reproduced, or used for any other purposes without the prior written consent of Atlantic House, any data provider and any other third party whose data is included herein and must be returned on request to Atlantic House and any copies thereof in whatever form destroyed. 

In this episode of "Top of the Swaps," Andrew Madigan, Head of Client Investment Strategy at Atlantic House, and Mark Greenwood, Fund Manager of Dynamic Duration and Balanced Return Funds, delve into the complexities of inflation, interest rates, and market volatility. As geopolitical tensions and economic uncertainties continue to create a volatile environment, they explore the implications for the VIX, central bank policies, and inflation swaps.

The discussion highlights the persistence of uncertainty in the financial markets, driven by factors like the ongoing Ukraine-Russia conflict and unexpected economic indicators. With insights into derivative markets, they also examine how tariffs and inflation expectations are influencing investment strategies, as well as the potential opportunities and risks in the current landscape.

Join Andrew and Mark as they provide expert analysis on making informed decisions amidst the market chaos, leveraging volatility to uncover potential returns and manage risk effectively.

Website 

To learn more about Atlantic House Investments, visit atlantichousegroup.com. 

Important information

Top of the Swaps is exclusively for professional investors only. Private investors should contact their financial adviser. 

Past performance is not a guide to future performance. The value of your investments may go down as well as up and investors may not get back the amount originally invested. Capital is at risk.

This is a marketing communication. This podcast is issued by Atlantic House Investments Limited and does not constitute or form part of any offer or invitation to buy or sell shares. It should be listened to in conjunction with reading the Fund’s Prospectus, Key Investor Information Document (“KIID”) or offering memorandum. Atlantic House Investments Limited is authorised and regulated by the Financial Conduct Authority FRN 931264. Atlantic House Investments Limited is a Private Limited Company registered in England and Wales, registered number 11962808. Registered Office: One Eleven Edmund Street, Birmingham. B3 2HJ.  

The contents discussed within this podcast are based upon sources of information believed to be reliable. Atlantic House Investments Limited has taken reasonable care to ensure the information stated is accurate. However, Atlantic House Investments Limited make no representation, guarantee, or warranty that it is wholly accurate and complete. The information provided in this material is confidential and only for use by its recipient. This material may not be disclosed or referred to any third party or distributed, reproduced, or used for any other purposes without the prior written consent of Atlantic House, any data provider and any other third party whose data is included herein and must be returned on request to Atlantic House and any copies thereof in whatever form destroyed. 

In this episode of Top of the Swaps, Andrew Madigan, Head of Client Investment Strategy at Atlantic House, and Jack Roberts, Fund Manager of the Dynamic Duration Fund and Balanced Return, delve into the topic of stagflation. They explore whether stagflation is already here or looming on the horizon, discussing its potential impacts on private client portfolios and strategies to mitigate its effects.

Stagflation is characterized by rising inflation and economic slowdown, reminiscent of the 1970s. Andrew and Jack discuss historical instances, current signs in the UK, and the challenges investors face in protecting their portfolios against such an environment. They explore the implications for the yield curve and potential responses by the Bank of England.

Jack shares insights into managing bond funds in times of low growth and high prices, and the potential tools available, such as inflation-linked bonds and swaps, to shield against stagflation. Additionally, they analyze the behavior of risk in portfolios, the role of equities versus bonds, and the importance of diversifying investment strategies.

Listen in to gain valuable insights as Andrew and Jack provide a comprehensive overview of how to approach and navigate through potential stagflation as a private investor.

Website 

To learn more about Atlantic House Investments, visit atlantichousegroup.com. 

Important information

Top of the Swaps is exclusively for professional investors only. Private investors should contact their financial adviser. 

Past performance is not a guide to future performance. The value of your investments may go down as well as up and investors may not get back the amount originally invested. Capital is at risk.

This is a marketing communication. This podcast is issued by Atlantic House Investments Limited and does not constitute or form part of any offer or invitation to buy or sell shares. It should be listened to in conjunction with reading the Fund’s Prospectus, Key Investor Information Document (“KIID”) or offering memorandum. Atlantic House Investments Limited is authorised and regulated by the Financial Conduct Authority FRN 931264. Atlantic House Investments Limited is a Private Limited Company registered in England and Wales, registered number 11962808. Registered Office: One Eleven Edmund Street, Birmingham. B3 2HJ.  

The contents discussed within this podcast are based upon sources of information believed to be reliable. Atlantic House Investments Limited has taken reasonable care to ensure the information stated is accurate. However, Atlantic House Investments Limited make no representation, guarantee, or warranty that it is wholly accurate and complete. The information provided in this material is confidential and only for use by its recipient. This material may not be disclosed or referred to any third party or distributed, reproduced, or used for any other purposes without the prior written consent of Atlantic House, any data provider and any other third party whose data is included herein and must be returned on request to Atlantic House and any copies thereof in whatever form destroyed. 

Welcome to "Top of the Swaps," the Atlantic House derivatives podcast. In this episode, we delve into the current market atmosphere as we kick-off 2025, touching on the resurgence of equities to all-time highs and the market's reaction to Donald Trump's inauguration.

As investors brace for unpredictable markets, we explore the strategic importance of building diversified portfolios that include liquid alternatives.

Special guest Nick Baltas from Goldman Sachs introduces the concept of trend following strategies. Together with Freddie Blackwell and Andrew Madigan from Atlantic House, we dissect these strategies, discussing their application in creating balanced portfolios with improved risk-adjusted returns.

Website 

To learn more about Atlantic House Investments, visit atlantichousegroup.com. 

Important information

Top of the Swaps is exclusively for professional investors only. Private investors should contact their financial adviser. 

Past performance is not a guide to future performance. The value of your investments may go down as well as up and investors may not get back the amount originally invested. Capital is at risk.

This is a marketing communication. This podcast is issued by Atlantic House Investments Limited and does not constitute or form part of any offer or invitation to buy or sell shares. It should be listened to in conjunction with reading the Fund’s Prospectus, Key Investor Information Document (“KIID”) or offering memorandum. Atlantic House Investments Limited is authorised and regulated by the Financial Conduct Authority FRN 931264. Atlantic House Investments Limited is a Private Limited Company registered in England and Wales, registered number 11962808. Registered Office: One Eleven Edmund Street, Birmingham. B3 2HJ.  

The contents discussed within this podcast are based upon sources of information believed to be reliable. Atlantic House Investments Limited has taken reasonable care to ensure the information stated is accurate. However, Atlantic House Investments Limited make no representation, guarantee, or warranty that it is wholly accurate and complete. The information provided in this material is confidential and only for use by its recipient. This material may not be disclosed or referred to any third party or distributed, reproduced, or used for any other purposes without the prior written consent of Atlantic House, any data provider and any other third party whose data is included herein and must be returned on request to Atlantic House and any copies thereof in whatever form destroyed.