Investment Uncut

S4 Ep. 13 China: biases and narratives with Jason Hsu

22 Feb 2023

Contributed by Lukas

This week we’re speaking to an expert on investing in China: Jason Hsu, CIO and founder of Rayliant Advisors. If and how to invest in China are key ...

S4 Ep. 12 Health in the UK with Stuart McDonald

08 Feb 2023

Contributed by Lukas

This week we’re talking about one of the key issues of the moment, health in the UK. We’re speaking to well-known actuary and LCP colleague Stuart...

S4 Ep. 11 The DB Pensions Buy-out Boom

25 Jan 2023

Contributed by Lukas

This week we’re discussing a particularly booming area of the markets in 2023: the market for buy-outs of DB pension funds by insurers. We’re spea...

S4 Ep.10 - Why Investors should be better quitters with Annie Duke

11 Jan 2023

Contributed by Lukas

Today we’re speaking to author Annie Duke. Annie’s work bridges the behavioural finance theory and practice. Her latest book Quit asks whether qui...

S4 Ep. 9 Expected Returns with Antti Ilmanen

19 Dec 2022

Contributed by Lukas

Today we’re speaking to author and principal at AQR, Antti Ilmanen. Antti has made a career out of bridging the gap between finance theory and pract...

S4 Ep. 8 The Intelligent Fund Investor with Joe Wiggins

07 Dec 2022

Contributed by Lukas

This week we’re speaking to author and CIO of Fundhouse Joe Wiggins. Joe’s latest book focuses on fund investing and the ways this is different to...

S4 EP. 7 World Cup special

01 Dec 2022

Contributed by Lukas

This week we’ve got a bonus special episode on …. Football! Alongside pensions, investment and other areas LCP has a team that specialises in foot...

S4 Ep.6 How to decide when the stakes are high with Chris Martin

23 Nov 2022

Contributed by Lukas

Today we’re talking decision-making with Chris Martin who is an independent trustee and Executive Chair at ITS with over 30 years of experience work...

S4 Ep. 5 The big rate rise cycle with Karen Ward

10 Nov 2022

Contributed by Lukas

This week we’re joined for the second time by Karen Ward, Chief Market strategist EMEA for JP Morgan Asset Management. Karen was also recently appoi...

S4 Ep.4 Gilts, LDI, DB Pensions and what’s next

27 Oct 2022

Contributed by Lukas

This week we’re revisiting one of the key market issues of the moment: DB pensions and LDI. First, we’re joined by LCP Partner Steve Hodder where ...

S4 Ep. 3 The Future of Infrastructure with James Baldwin

19 Oct 2022

Contributed by Lukas

This week we’re joined by James Baldwin, Real Assets Researcher at LCP. We’re talking about the future of infrastructure investing. James shares ...

S4 Ep.2 The Future of Energy with Andy Bradley

05 Oct 2022

Contributed by Lukas

This week we’re joined by Andy Bradley, Partner in our energy team, LCP Delta. Andy’s work covers what’s known as the “demand side” of the e...

S4 Ep. 1 Inflation Nation

20 Sep 2022

Contributed by Lukas

In this first episode of our fourth series, we are talking about inflation. Dan and Mary speak with a range of experts to get a rounded picture of the...

S3 Ep.43 Summer 2022 Wrap

20 Jul 2022

Contributed by Lukas

In this episode, Dan and Mary wrap up season 3 for the summer break with a quickfire roundup of some of the key moments and themes of the last 40+ epi...

S3 Ep. 42 Portfolio for the Future with John L Bowman

13 Jul 2022

Contributed by Lukas

This week we’re speaking to John L Bowman. John is Executive Vice President at CAIA, The Chartered Alternative Investment Association. We’re discu...

S3 Ep. 41 Multiples are not valuation with Michael Mauboussin

06 Jul 2022

Contributed by Lukas

This week we’re speaking to Michael Mauboussin. Michael is head of consilient research at Counterpoint Global, as well as a prolific author and prof...

S3 Ep. 40 Emergency pod: what pension schemes are doing in higher interest rates

29 Jun 2022

Contributed by Lukas

This week we’re addressing the big question of the moment: rising interest rates. Joining us is colleague Steve Hodder to discuss how pension scheme...

S3 Ep. 39 Asset manager diversity: the stats are in

22 Jun 2022

Contributed by Lukas

This week we’re discussing a brand new data set on diversity and inclusion within asset management with LCP’s Laasya Shekaran. We discuss – the ...

S3 Ep. 38 Joy at work with Rebecca Newton

15 Jun 2022

Contributed by Lukas

This week we’re joined by Dr Rebecca Newton, Organisational psychologist, visiting Fellow at the LSE, and CEO of CoachAdviser, for a wide-ranging co...

S3 Ep.37 Grow the pie with Alex Edmans

08 Jun 2022

Contributed by Lukas

This week we’re joined by Professor of Finance at London Business School, Alex Edmans. Alex also authored the book Grow the Pie and has presented n...

S3 Ep.36 Whistlestop tour of the LCP Strategic Portfolio

01 Jun 2022

Contributed by Lukas

This week we’re joined by LCP colleague David Wrigley to break down LCP’s strategic portfolio. This covers: our best ideas in investment, how we b...

S3 Ep.35 GROW your decisions with Naomi L'Estrange

25 May 2022

Contributed by Lukas

This week we’re joined by MD of 2020 trustees Naomi L’Estrange. We discuss her top tips and frameworks for better decision making (including the G...

S3 Ep. 34 In the mind of the media with Charlotte Moore

18 May 2022

Contributed by Lukas

This week we speak to award-winning freelance finance journalist and communications consultant Charlotte Moore! We discuss how the media covers financ...

S3 Ep. 33 The fundamentals of fund research with Deb Clarke

11 May 2022

Contributed by Lukas

This week we’re joined by Deb Clarke. These days, Deb is a NED following a long career in the City spanning asset management and fund research. We d...

S3 Ep. 32 Tour de Real Assets with Andy Jacobson

04 May 2022

Contributed by Lukas

This week we’re joined again by LCP’s head of Real Assets research Andy Jacobson. During a difficult year for investors, Real assets are in the sp...

S3 Ep. 31 Microaggressions with Mawa Turay

27 Apr 2022

Contributed by Lukas

Have you heard the term microaggression? Today we’re speaking to Diversity, Equity & Inclusion consultant Mamawa Turay who is taking us through the ...

S3 Ep. 30 Behind every passive return sits an active investor

20 Apr 2022

Contributed by Lukas

This week we speak to Matt Gibson, head of Manager Research at LCP. Matt’s been asking some interesting questions about passive investing of late, w...

S3 Ep. 29 Inconvenient truths about private equity with Ludovic Phalippou

13 Apr 2022

Contributed by Lukas

This week we speak to Ludovic Phalippou professor of Financial Economics at the Saïd Business School. Ludovic found himself at the centre of a storm ...

S3 Ep. 28 It’s not about “what”, but “so what” with Graham Jung

06 Apr 2022

Contributed by Lukas

This week we speak to independent trustee director Graham Jung from Ross Trustees. We cover Graham’s advice to consultants and asset managers workin...

S3 Ep. 27 What we’ve learnt from (almost) 100 episodes

30 Mar 2022

Contributed by Lukas

In this episode, Dan and Mary reflect on many of the learnings that have come from the podcast so far, including some frequently asked questions inclu...

S3 Ep. 26 Risk revisited with Allison Schrager

23 Mar 2022

Contributed by Lukas

This week we speak to Allison Schrager, author, Bloomberg columnist, and senior fellow at the Manhattan Institute. Allison specialises in the intersec...

S3 Ep. 25 The battery era

16 Mar 2022

Contributed by Lukas

This week we speak to Gurpal Ruprai, Consultant in our Energy Consulting Team, about all things batteries – the thesis, the impact of 2021 and curre...

S3 Ep. 24 #BreakTheBias with Jessica Clark

09 Mar 2022

Contributed by Lukas

This week we’re joined by Jessica Clark, a Consultant in LCP's Insurance Consulting Team, and fellow podcast show host on LCP's Insurance Uncut. On ...

S3 Ep. 23 The best and worst of times to be an investor with Joe Wiggins

02 Mar 2022

Contributed by Lukas

This week we’re joined by investment author and Director of Liquid Markets at St James Place, Joe Wiggins. Joe is a former fund manager who has writ...

S3 Ep. 22 Book club: Trillions with Robin Wigglesworth

23 Feb 2022

Contributed by Lukas

This week it’s book club time as we speak to FT journalist and author of the book “Trillions”, Robin Wigglesworth. Trillions tells the story of ...

S3 Ep.21 What you need to know about the new governance single code

16 Feb 2022

Contributed by Lukas

This week we speak to governance expert Rachika Cooray. We delve into the forthcoming single code of practice applying to UK pension schemes, covering...

S3 Ep. 20 Vote like an owner with Sonia Hierzig

09 Feb 2022

Contributed by Lukas

This week we’re talking about something that often goes underappreciated – voting. Voting by asset managers, on behalf of their asset owner client...

S3 Ep.19 Guidance in the age of responsibility with Tom McPhail

02 Feb 2022

Contributed by Lukas

This week we’re talking consumer financial engagement with Tom McPhail, Director of Public Affairs at research consultancy the Lang Cat. In a previo...

S3 Ep.18 The Power of stories with Stacy Havener

25 Jan 2022

Contributed by Lukas

This week we’re talking about one of the most important and effective communication mediums known to man – stories! Our guest Stacy Havener has wo...

S3 Ep.17 How to do meetings with Robert Thomas

19 Jan 2022

Contributed by Lukas

This week we’re talking decision making with professional Trustee Robert Thomas. We cover chairing investment boards, avoiding groupthink, and makin...

S3 Ep. 16 The 2022 forecast of forecasts

12 Jan 2022

Contributed by Lukas

This week we’re reviewing all the various market forecasts we’ve seen for 2022 with the help of LCP Consultant & macro expert Anais Caldwell-Jones...

S3 Ep. 15 The 2021 wrap

21 Dec 2021

Contributed by Lukas

In the final episode of 2021, Mary and Dan sit down to review the year through the lens of four key stats, three people who defined the year, and two ...

S3 Ep.14 The one about China with Chris Kushlis

15 Dec 2021

Contributed by Lukas

This week we’re talking China with Chris Kushlis of T Rowe Price. We ask all the China-investing questions on our minds, including how to think abou...

S3 Ep.13 FYI with Maria Nazarova-Doyle

08 Dec 2021

Contributed by Lukas

In this week's episode, we’re talking big themes with Scottish Widow’s Head of Pensions, Investment & RI Maria Nazarova-Doyle. We catch up on Mari...

S3 Ep. 12 A new inflation era with Jon Camfield

01 Dec 2021

Contributed by Lukas

In this week's episode, we’re talking inflation with LCP’s Jon Camfield. We catch up on the latest inflation stats, how investors and pension sche...

S3 EP. 11 Dawn of a new interest rate cycle with Karen Ward

24 Nov 2021

Contributed by Lukas

On this week’s show, we welcome Karen Ward, Chief Market Strategist EMEA at JP Morgan Asset Management. We discuss: how investors should think about...

S3 Ep. 10 The COP26 debrief with Jason Mitchell

18 Nov 2021

Contributed by Lukas

This week we welcome Jason Mitchell, Man Group’s Co-Head of Responsible Investing. We discuss Jason’s experiences attending COP26 and some of the ...

S3 Ep.9 From Bitcoin to Britcoin

10 Nov 2021

Contributed by Lukas

This week, show hosts Dan Mikulskis and Mary Spencer are delighted to welcome back Senior Consultant and fund researcher at LCP, Nikki Matth...

S3 Ep.8 The future of inclusion

03 Nov 2021

Contributed by Lukas

This week’s guest is Zoe Burdo, Co-Chair of LCP’s D&I Steering Group and we’re talking about the future of inclusion in the investment industry....

S3 Ep. 7 Bubbles, Quants and Value

28 Oct 2021

Contributed by Lukas

This week’s guest is Rob Arnott, quant researcher and founder of Research Affiliates. We discuss the principles of fundamental indexing, the definit...

S3 Ep. 6 The Great British investment chat

19 Oct 2021

Contributed by Lukas

This week’s guest is Head of Pensions and Savings at investment platform Interactive Investor, Becky O’Connor. We cover the results of a recent la...

S3 Ep. 5 African institutional investors with Norbert Fullerton

13 Oct 2021

Contributed by Lukas

This week’s guest is LCP partner Norbert Fullerton who sheds some light on the investment approaches and social role of African institutional invest...

S3 Ep.4 - Impact with Karen Shackleton

06 Oct 2021

Contributed by Lukas

In this week’s episode, we speak to Karen Shackleton, founder of Pensions for Purpose and independent investment adviser and NED on impact investing...

S3 Ep. 3 - Inside GB's power market with Rajiv Gogna

29 Sep 2021

Contributed by Lukas

In this week’s episode, we speak to Energy Analytics expert Rajiv Gogna about the recent bizarre goings-on in the GB power markets. We hear an expla...

S3 Ep.2 - The tip of the iceberg

22 Sep 2021

Contributed by Lukas

In this week’s episode, we discuss our recent climate investment risk report, along with co-author Laasya Shekaran. We cover how we analysed our dat...

S3 Ep. 1 - Back to School Buzz

15 Sep 2021

Contributed by Lukas

Welcome back for season 3 of Investment Uncut! To hit the ground running, we are joined by LCP’s CEO Aaron Punwani to talk about the future of hybri...

S2 Ep. 44 - Invest Like a DC scheme with Mark Thompson

21 Jul 2021

Contributed by Lukas

In this sixth episode of our "Invest like a..." mini series we speak to Mark Thompson, investment committee member at multiple DC schemes.   We dis...

S2 Ep. 43 - Invest Like an Endowment with Victoria Sant

14 Jul 2021

Contributed by Lukas

This week we speak to Victoria Sant, investment committee member at the National Trust. We discuss The need to know what you own Putting investment b...

S2 Ep. 42 - The Great European Reset

07 Jul 2021

Contributed by Lukas

This week we speak to Katharine Neiss, Chief European Economist for PGIM Fixed Income to take stock on where we are in terms of the recovery in Europe...

S2 Ep. 41 - Invest like a family office with Alex Scott

30 Jun 2021

Contributed by Lukas

This week we speak to Alex Scott, Chairman of Schroders Global Family Office services, and founder of Sandaire family office. We discuss: - Alex’...

S2 Ep. 40 - Invest Like A Private Wealth Manager with Kevin Doran

23 Jun 2021

Contributed by Lukas

This week we speak to MD and CIO at Wealth Manager AJ Bell, Kevin Doran. We discuss Kevin’s guiding principles in investing and what’s worked wel...

S2 Ep. 39 - Pride in the City with Jess Horner and Luke Hothersall

16 Jun 2021

Contributed by Lukas

This week we have a very special episode in honour of Pride Month, and we’re delighted to be joined by two LCP colleagues, Jess Horner and Luke Hoth...

S2 Ep. 38 - The Summer of Net Zero

08 Jun 2021

Contributed by Lukas

This week we speak to Lothian Pension Fund’s Head of Responsible Investment, and well-known figure and podcaster in the UK responsible investment sc...

S2 Ep. 37 - Young Money with Iona Bain

01 Jun 2021

Contributed by Lukas

This week we sit down with author, podcaster and go to girl on young peoples’ money questions: Iona Bain. We discuss What first got Iona into worki...

S2 Ep. 36 - Investing like an insurer with Rob Groves

25 May 2021

Contributed by Lukas

We are joined by Rob Groves, CIO of Pension Insurance Corporation, a $50bn asset owner and bulk annuity writer. We discuss Rob’s philosophy on inves...

S2 Ep. 35 - Banking on sustainability

19 May 2021

Contributed by Lukas

We speak to Shyam Gharial, sustainable investing researcher at LCP, on a big research project he’s been doing, looking at setting up corporate bond ...

S2 Ep. 34 - The Covid-19 wealth gap

11 May 2021

Contributed by Lukas

As we finally start seeing real light at the end of the Covid-19 tunnel with the country opening up into summer, show hosts Dan Mikulskis and Mary Spe...

S2 Ep. 33 - Invest like an open DB scheme

06 May 2021

Contributed by Lukas

In the first of our "Invest like a..." mini series, show hosts Dan Mikulskis and Mary Spencer welcome Richard Williams, CIO of RailPen, onto the show ...

S2 Ep. 32 - The Age of Financial Empowerment

27 Apr 2021

Contributed by Lukas

We welcome James Coney money editor at The Times & Sunday Times to discuss his four pillars of personal finance as well as trends he has seen overtime...

S2 Ep. 31 - The vaccine story

20 Apr 2021

Contributed by Lukas

At the start of world immunization week show hosts Dan Mikulskis and Mary Spencer take stock with Dr Jonathan Pearson-Stuttard of where we are in the ...

S2 Ep. 30 - Do you decide well?

13 Apr 2021

Contributed by Lukas

We welcome LCP's Nikki Matthews to discuss decision making in the investment world. We discuss: - Nikki’s Vista article  - Are investors fundamen...

S2 Ep. 29 - We're all in the media business now

07 Apr 2021

Contributed by Lukas

We welcome LCP's Head of Communications, David Millar, who talks us through the dark arts of communication, and how we might improve investment commun...

S2 Ep. 28 - How big is big data with Mark Ainsworth

31 Mar 2021

Contributed by Lukas

We welcome special guest Mark Ainsworth from Schroders to talk about big data. We discuss: What is big data? What are its applications to investing?...

S2 Ep. 27 - Putting the Tiktok into investing

24 Mar 2021

Contributed by Lukas

Show hosts Dan Mikulskis and Mary Spencer welcome Claire Walsh to explore the top-of-the-mind issues for individual investors currently and how the in...

S2 Ep. 26 - Welcome to the roaring 20s

16 Mar 2021

Contributed by Lukas

We welcome back LCP's Clay Lambiotte onto the show to talk about the lessons learned 1 year on in the lockdown.

S2 Ep. 25 - What you need to know about TCFD

08 Mar 2021

Contributed by Lukas

We bring on LCP’s Ian Gamon to talk through everything you need to know about complying with TCFD.

S2 Ep. 24 - When The Fund Stops

02 Mar 2021

Contributed by Lukas

For World Book Day we bring on David Ricketts onto the show to discuss his book 'When The Fund Stops.'

S2 Ep. 23 - Predicting the Budget with Steve Webb

23 Feb 2021

Contributed by Lukas

We welcome back LCP's Steve Webb onto the show to predict the upcoming Budget.

S2 Ep. 22 - Zoomthink with Zoe Burdo

16 Feb 2021

Contributed by Lukas

We welcome back LCP's Zoe Burdo to discuss group think in a virtual world, 'Zoom think.'

S2 Ep. 21 - The one about Bitcoin

09 Feb 2021

Contributed by Lukas

We welcome Jos North from Ruffer to talk the investment thesis of bitcoin, its future, as well as its risks.

S2 Ep. 20 - How does a hydrogen cooker even work?

02 Feb 2021

Contributed by Lukas

We sit down with LCP's Kyle Martin to explore the revolution of the energy sector and where private investors come into this.

S2 Ep. 19 - Covid-19’s most uncertain moment

27 Jan 2021

Contributed by Lukas

We welcome back our resident epidemiologist Dr Jonathan Pearson-Stuttard to explore the market's response to the vaccine rollout, the likelihood of it...

S2 Ep. 18 - Cakeism in Joe's America

19 Jan 2021

Contributed by Lukas

With the inauguration in the US of President Biden, Dan Mikulskis and Mary Spencer welcome LCP's Paul Gibney to discuss the impact of the new presiden...

S2 Ep. 17 - Book Club: Rebel Ideas with Laasya Shekaran

12 Jan 2021

Contributed by Lukas

In this episode hosts Mary Spencer and Dan Mikulskis and guest Laasya Shekaran review the book “Rebel Ideas” by Matthew Syed

S2 Ep. 16 - Broadening the investment industry with Sophie Carter

05 Jan 2021

Contributed by Lukas

In this episode, show hosts Dan Mikulskis and Mary Spencer welcome LCP's Sophie Carter on the show to discuss initiatives to broaden the investment i...

S2 Ep. 15 - Climate scenarios with Claire Jones

22 Dec 2020

Contributed by Lukas

In this episode, show hosts Dan Mikulskis and Mary Spencer explore climate scenarios with LCP's Claire Jones.

S2 Ep. 14 - Uncorrelated Reflections part 2

15 Dec 2020

Contributed by Lukas

In the final piece of this two-part special episode, podcast hosts Dan Mikulskis and Mary Spencer invite more than one guest on the show for the first...

S2 Ep. 13 - Uncorrelated Reflections part 1

08 Dec 2020

Contributed by Lukas

In this two-part special episode, podcast hosts Dan Mikulskis and Mary Spencer invite Jacob Shah onto the show to reflect on the markets for this year...

S2 Ep. 12 - Active ownership for passive managers with Sonja Laud, LGIM

01 Dec 2020

Contributed by Lukas

We catch up with Sonja Laud from LGIM on her CIO's perspective on active ownership for passive managers and more

S2 Ep. 11 - Global property investing with Andy Jacobson

24 Nov 2020

Contributed by Lukas

Show hosts Dan Mikulskis and Mary Spencer catch up with a returning guest of Investment Uncut: LCP's Andy Jacobson, to discuss global property investi...

S2 Ep. 10 - Growth investing with Charles Plowden

17 Nov 2020

Contributed by Lukas

Show hosts Dan Mikulskis and Mary Spencer sit down with Charles Plowden from Baillie Gifford for his thoughts on growth investing.

S2 Ep. 9 - Election Special With Natalie Brain

10 Nov 2020

Contributed by Lukas

In this special episode, we explore the recent US election with LCP's Natalie Brain.

S2 Ep. 8 - An epidemiologist's perspective with Jonathan Pearson-Stuttard

03 Nov 2020

Contributed by Lukas

Show hosts Dan Mikulskis and Mary Spencer catch up with Dr Jonathan Pearson-Stuttard on his epidemiologist perspective of the current pandemic.

S2 Ep. 7 - Being a deliberate amateur with Sally Bridgeland

27 Oct 2020

Contributed by Lukas

S2 Ep. 7 - Being a deliberate amateur with Sally Bridgeland by Lane Clark & Peacock

S2 Ep. 6 - Asset allocation for individuals with Ben Seager-Scott

20 Oct 2020

Contributed by Lukas

We explore asset allocation for individuals for individuals with Ben Seager-Scott of Tilney. Stream this episode of Investment Uncut to find out more.

S2 Ep. 5 - Emotional liquidity with Greg Davies

14 Oct 2020

Contributed by Lukas

In this episode of Investment Uncut, show hosts Dan Mikulskis and Mary Spencer catch up with Greg Davies from Oxford Risk.

S2 Ep. 4 - Financial wellness with Heidi Allan

06 Oct 2020

Contributed by Lukas

On another episode of Investment Uncut, show hosts Dan Mikulskis and Mary Spencer speak to LCP's Heidi Allan on financial wellbeing

S2 Ep. 3 - Being Black in the City part 2

29 Sep 2020

Contributed by Lukas

Following last week's part 1, we welcome back Gavin Lewis (MD of BlackRock) to discuss more about race in investing. Listen to part 2 now.

S2 Ep. 2 - Being Black in the City part 1

22 Sep 2020

Contributed by Lukas

On this episode, show hosts Dan Mikulskis and Mary Spencer are joined by Gavin Lewis (Managing Director at BlackRock, Member of the Diversity Project ...

S2 Ep. 1 - The state of the economy with Natalie Brain

15 Sep 2020

Contributed by Lukas

And we are back for season 2! On this episode, show hosts Dan Mikulskis and Mary Spencer explore the role of forecasting – and how things have chang...