Talking Capital
Episodes
Responsible Capital: ESG requirements, regulation and the future for commercial real estate
02 Apr 2026
Contributed by Lukas
In this episode, Ian is joined by Ross Davies, Head of Real Estate at CapGen, to discuss the role of ESG in the real estate industry, including:The ev...
The Iran conflict: what it means for markets, investors and portfolios
06 Mar 2026
Contributed by Lukas
In this standalone episode, Ian is joined by Quintin Price, Chair of our Asset Allocation Committee, and Donald McFarlan, Portfolio Management Directo...
Responsible Capital: the economics of natural capital, how to measure it and the UK's progress
05 Mar 2026
Contributed by Lukas
In this episode, Ian is joined by Kate Russell, Managing Director of Tellus Natural Capital and Dimitri Zenghelis, Chair of our Responsible Capital Co...
Responsible Capital: navigating Trump’s influence, China’s renewable leadership, and the progress of natural capital
05 Feb 2026
Contributed by Lukas
In this episode, Ian is joined by Dimitri Zenghelis, Chair of our Responsible Capital Committee and Senior Associate at the Cambridge Institute for Su...
2026 primer: 2025 recap, private market performance and new opportunities
08 Jan 2026
Contributed by Lukas
In this episode, Ian and Robert discuss:2025 recap: how should we reflect on market performance in 2025? Private markets: have private markets recover...
In conversation with Carrhae Capital's Ali Akay: exploring their selection process and investment philosophy in action
04 Dec 2025
Contributed by Lukas
In this episode, Ian is joined Ali Akay, Chief Investment Officer of Carrhae Capital, an investment manager specialising in emerging market equities, ...
Emerging Market Equities: navigating cycles, risks and opportunities
06 Nov 2025
Contributed by Lukas
In this episode, Ian is joined by Mario Acquistapace, Investment Research Associate Director at CapGen, to discuss emerging market equities, including...
Emerging Market Equities: opportunities, risks and investment strategies
02 Oct 2025
Contributed by Lukas
In this episode, Ian and Robert discuss emerging market equities from a macro perspective:Market overview: how have emerging market equities performed...
In conversation with Stoneshield Capital's Felipe Morenés: from investment strategies to opportunity identification and value creation
11 Sep 2025
Contributed by Lukas
In this episode, Ian is joined by Felipe Morenés, Founding Partner of Stoneshield Capital, a distressed and opportunistic long-term investment firm, ...
Real estate: opportunities, how to access them and the selection process
10 Jul 2025
Contributed by Lukas
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 th...
Real estate: market trends, its place in portfolios and the current opportunities
05 Jun 2025
Contributed by Lukas
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...
In conversation with Berkshire Partners’ Mike Ascione: investment strategies and success stories
01 May 2025
Contributed by Lukas
In this episode, Ian is joined by Mike Ascione, Managing Director of Berkshire Partners, a US-based private equity manager, to discuss:Berkshire’s o...
Private Equity: opportunities, and the importance of building long-term relationships
03 Apr 2025
Contributed by Lukas
In this episode, Ian is joined by Enrica Dacomo, Investment Research Director at CapGen, to discuss Private Equity from a research perspective, includ...
Private Equity: from fundamentals to opportunities
06 Mar 2025
Contributed by Lukas
In this episode, Ian and Robert discuss Private Equity from a macro perspective:First principles: what is the role of private equity in portfolios?Bui...
The outlook for inflation, US growth and China
20 Feb 2025
Contributed by Lukas
In this episode, Ian and Robert discuss:Inflation: what are we expecting and how might markets react?Growth forecasts: where might we see growth surpr...
Investment Opportunities: dispersion, Emerging Markets and commodities
07 Feb 2025
Contributed by Lukas
In this episode, Ian and Robert discuss:Dispersion: what does it mean in a financial context when does it represent an investment opportunity?Emerging...
Trump 2.0 policy, interest rates, and what bank earnings can tell us
23 Jan 2025
Contributed by Lukas
In this episode, Ian and Robert discuss:Trump inauguration: why are tariffs important to investors and how might the changes to immigration policy imp...
2025 primer: 2024 recap, inflation risk and new opportunities
09 Jan 2025
Contributed by Lukas
In this episode, Ian and Robert discuss:2024 recap: how should we reflect on 2024, where did we see surprises and how did the opportunities we had hig...
Active vs passive and the outlook for bitcoin and private equity
19 Dec 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:Active vs passive: what are the pros and cons and how should investors approach a thematic investment such as ...
Commercial real estate special: The current state of the UK market, opportunities vs risks, and real estate investment strategy
05 Dec 2024
Contributed by Lukas
In this commercial real estate special, with guest, Ross Davies, Head of Real Estate at CapGen, Ian and Ross discuss:What is the current state of the ...
The credit cycle, and the post-election opportunities in small-caps and BioTech
21 Nov 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:Credit: how has the credit cycle reacted to the recent increase in rates and how are we managing credit in cli...
US election market impacts and opportunities in commodities
11 Nov 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:US election: what were the Trump trades?Market implications: what are some of the bigger picture impacts of th...
Earnings season, US growth momentum and inflation divergence
24 Oct 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:Earnings season: what have we learnt so far and what effect will AI have on big tech?US growth: is momentum sh...
Middle East escalations, the outlook for gold, and the China stimulus package
10 Oct 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:Middle East: how might the recent escalations affect markets in the short and long term?Gold: what is driving ...
Private Equity special: finding, assessing and accessing top managers
26 Sep 2024
Contributed by Lukas
In this Private Equity special, Ian is joined by special guest Enrica Dacomo, Investment Research Director at CapGen. Ian and Enrica discuss:The chara...
Signal vs. noise: what the summer showed us, interest rates, and private equity
12 Sep 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:Summer recap: what did the market movements over summer teach us?Interest rates: how should investors thi...
Economic slowdown vs AI revolution: three potential paths for the global economy
08 Aug 2024
Contributed by Lukas
In this episode, Ian and Robert discuss three potential paths for the global economy and the likelihood of each:AI revolution: could investment in AI ...
Navigating geopolitics, market concentration and Q2 markets wrap
11 Jul 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:Geopolitics: how do elections and political risk influence our approach to portfolio construction?Markets wrap...
BioTech Special: trends, opportunities and the discipline of manager selection
27 Jun 2024
Contributed by Lukas
In this BioTech special, with guest, Steve Sawyer, Investment Research Director at CapGen, Ian and Steve discuss:The current opportunities in BioTechW...
Oil prices, UK equities and the outlook for BioTech
13 Jun 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:Oil: what has been driving the oil price recently?UK equities: why have UK equities recently hit all-time high...
US consumption, 'Dr Copper' and the legacy of Jim Simons
30 May 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:US Consumer: what is the state of consumption in the US and how does wealth disparity impact the consumer segm...
China, the outlook for the Yen, and the US jobs market
16 May 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:China: What is our prognosis on the equity rebound and how are we managing Chinese exposure within client port...
Earnings season, active vs passive and the outlook for bonds
02 May 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:Earnings season: what have we learnt from recent earnings announcements about investor positioning, and what a...
Inflation rates, commodity markets and real estate opportunities
18 Apr 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:Inflation: what is our prognosis and how do we expect the Fed to react to the data?Commodities: what should we...
Markets wrap: Q1 themes, IPOs and the health of private markets
04 Apr 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:Markets: what were the major themes of the first quarter and what might this mean for the rest of 2024?IPOs: w...
Japanese interest rates, the gold rally and the current state of the European economy
21 Mar 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:Interest rates: what led to the interest rate hike by the Bank of Japan and what does this mean more broadly f...
Credit special: trends, opportunities and the discipline of manager selection
07 Mar 2024
Contributed by Lukas
In this credit special, with guest, Kunal Chavda, Investment Research Director at CapGen, Ian and Kunal discuss: The current shape of the credit fund ...
GRANOLA, recessions and the outlook for public and private credit
22 Feb 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:GRANOLA: are Europe's largest stocks healthy for markets? Is concentration no longer just a US problem?Recessi...
Big tech vs bank earnings, the end of 60/40 and the outlook for China
08 Feb 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:Earnings season: what have we seen so far and have there been any surprises?60/40: is there still merit in 60/...
Earnings season, finding uncorrelated assets and the outlook for hedge funds
25 Jan 2024
Contributed by Lukas
In this episode, Ian and Robert discuss:Earnings season: what are we expecting and how will markets react?Interest rates: in a "one trade" world, whic...
A market hangover, long term opportunism and a year of politics: what to expect from 2024
11 Jan 2024
Contributed by Lukas
In this episode, Ian and Robert look ahead to 2024, discussing:Q1: what has caused the market turbulence at the start of this year, and what are the k...
End of year special: 2023 wrapped and 2024 outlook
21 Dec 2023
Contributed by Lukas
In this end of year special, Ian and Robert discuss: Macroeconomic and market dynamics: what were the trends and how did they affect asset prices?2023...
Commercial real estate special: trends, opportunities and how to access them
07 Dec 2023
Contributed by Lukas
In this commercial real estate special, with guest, Ross Davies, Head of Real Estate at CapGen, Ian and Ross discuss: Key trends across different sec...
Value traps vs opportunities: small caps, REITS and the question of currency management
23 Nov 2023
Contributed by Lukas
In this episode, Ian and Robert discuss:The "magnificent seven": why is there such a stark diversion between these stocks and small cap equities?Curre...
A market bounce back? Equities, debt markets and the surprising resilience of (some) emerging markets
09 Nov 2023
Contributed by Lukas
In this episode, Ian and Robert discuss:Latest economic data: what’s behind the market bounce? Debt markets: where are the risks and opportunities i...
Geopolitical risk: War in the near east, chances of a global conflict, and the outlook for a multi-polar world
26 Oct 2023
Contributed by Lukas
In this episode, Ian and Robert discuss:Israel/Hamas war: how have the markets responded?World wars: how have world wars affected markets historically...
Bond market woes and the question of a hard landing; how to protect capital without using traditional defensives
12 Oct 2023
Contributed by Lukas
In this episode, Ian and Robert discuss:Bonds: why are bonds selling off and what does this mean for other asset classes?Hard landing: what is the lik...
Peak rates, oil prices and the outlook for innovation in a higher rate world
28 Sep 2023
Contributed by Lukas
In this episode, Ian and Robert discuss:Rates: the Bank of England and US Federal Reserve held rates steady this month, does this mean we have hit pea...
Market roundup: outlook vs consensus, China and the opportunities we're looking at today
14 Sep 2023
Contributed by Lukas
In this episode, Ian and Robert discuss:Current outlook: what is the status quo for markets and do our views differ to that of consensus?China: why ha...
Sterling strength, the small cap rally and a peak into the latest earnings season
03 Aug 2023
Contributed by Lukas
In this episode, Ian and Robert discuss:Currencies: what's behind the big moves we've recently seen and what's the outlook for the dollar?Small caps: ...
Recession, stimulus or slowdown? The outlooks for the US, China and commodities
06 Jul 2023
Contributed by Lukas
In this episode, Ian and Robert discuss:Recession: what does the recent robust set of economic data mean for our base case of a recession? China: is m...
Forks in the road: how we're tackling divergence in economic health, policy and market fundamentals
22 Jun 2023
Contributed by Lukas
In this episode, Ian and Robert discuss divergence and disparity in markets:Economic health: what are the strengths and weaknesses and are we still ex...
Portfolio deep dive: risk, opportunity and the outlook for private equity
08 Jun 2023
Contributed by Lukas
In this episode, Ian and Robert take a more comprehensive look at what we're doing with client capital in terms of:Risk: are we upping the ante or hun...
Battle of the titans: the US and China, large vs small cap and the outlook for Japan
25 May 2023
Contributed by Lukas
In this episode, Ian and Robert discuss: The US debt ceiling: major threat or tail risk?Corporate earnings: how have markets responded?Emerging market...
ESG special: a capital allocator’s perspective
11 May 2023
Contributed by Lukas
In this episode, Ian and Robert discuss ESG from a capital allocator's perspective:Green transition: where is our industry when it comes to the green ...
Economic surprises, market healthcheck and a peak at the future of AI
27 Apr 2023
Contributed by Lukas
In this episode, Ian and Robert discuss: Flash PMIs: with the recent data surprising to the upside - are we looking at a materially healthier global e...
Oil prices, hedge funds and the commercial real estate conundrum
13 Apr 2023
Contributed by Lukas
In this episode, Ian and Robert discuss:Oil: What does rising oil prices mean for inflation and central bank policy?Hedge funds: How have they fared i...
Credit Suisse and the great debate
30 Mar 2023
Contributed by Lukas
In this episode, Ian and Robert discuss: Credit Suisse: what happened and what does this mean for the banking sector?Central banks vs equity markets: ...
SVB deep dive, plus - what next for VC?
16 Mar 2023
Contributed by Lukas
Ian and Robert discuss the immediate aftermath of the Silicon Valley Bank collapse and subsequent bailout.What happened and why? Is there a risk of co...
Rate expectations: bonds, inflation and managing money in a period of flux
02 Mar 2023
Contributed by Lukas
In this episode, Ian and Robert discuss: US inflation: what is the prognosis and how have markets been reacting?Bonds: how do manage them in the portf...
Renaissance or decline? Japan, Emerging Markets and the question of commodities
16 Feb 2023
Contributed by Lukas
In this episode, Ian and Robert discuss: Japan: what can investors expect of the BoJ’s new leader?Emerging Markets: what does the opportunity s...
Corporate health 101, from earnings season to the future of AI
02 Feb 2023
Contributed by Lukas
In this episode Ian and Robert discuss:Earnings season: what have we learnt so far, and what are analysts expecting for 2023? ChatGPT: what is it and ...
2023 primer: macro recap, recession risk and current investment opportunities
23 Jan 2023
Contributed by Lukas
In this episode, Ian Barnard and Robert Sears discuss: Macro recap: how did we end the year in terms of global economic health and inflation, and what...