On the Investing Markets & Money podcast this week we host Dan Higgins, CEO at Marylebone Partners, to get some insights into the Majedie investment trust and Marylebone’s approach to money management. Dan walks us through Majedie’s multi-faced approach to investment management and how the trust has evolved since Marylebone began advising it.
We look at all three legs to the Majedie investment strategy, including a detailed explanation on what liquid endowment investing looks like in practice. Dan talks about Marylebone’s approach to selecting both listed and unlisted companies for the Majedie portfolio, including more detail on the trust’s special investment category.
We also got a chance to discuss the process involved in taking on the advisory role on an existing investment trust, and changing its approach.
Listen: Liquid endowment investing with Majedie’s Dan Higgins
Disclaimer: This podcast is for informational purposes, it is aimed at professional customers only and not intended for retail customers, this is not an invitation to invest, nor does it constitute investment advice. Investments and the income from them can go down as well as up and is not guaranteed at any time.
Contents
00:00 Introduction to Marylebone Partners and Majedie Investments
03:37 What is a “liquid endowment approach”?
06:11 What sort of fund managers do you invest with?
10:30 Why has it been hard for retail investors to get access to these sorts of opportunities?
13:23 How do you manage risk in the portfolio including liquidity risk?
20:02 What sort of companies do you invest in directly, and why blend this with a fund of funds approach?
23:09 What does the special investment category of the trust cover?
31:35 Since you took over advising Majedie, Marylebone has been implementing your own strategy, but this obviously takes time. It seems to be bearing fruit as the discount on the trust has narrowed. Can you explain a bit about the process and the time horizon required?
36:44 Why should investors look into Majedie?
