68 episodes

Investment Uncut is a podcast about investing. Hosts Mary Spencer and Dan Mikulskis are joined by guests each week as they get beyond the jargon to try and bring sense to the world of investing and bring clarity to your investment decisions. LCP’s investment team advise large institutional investors including pension funds with billions of pounds of assets under management. Look out for new episodes every Wednesday.

Investment Uncut Lane Clark & Peacock

    • Business
    • 5.0 • 18 Ratings

Investment Uncut is a podcast about investing. Hosts Mary Spencer and Dan Mikulskis are joined by guests each week as they get beyond the jargon to try and bring sense to the world of investing and bring clarity to your investment decisions. LCP’s investment team advise large institutional investors including pension funds with billions of pounds of assets under management. Look out for new episodes every Wednesday.

    S3 Ep.2 - The tip of the iceberg

    S3 Ep.2 - The tip of the iceberg

    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 database of UK asset owners for climate risks, and what some of the key and surprising conclusions were as well as the tangible next steps that investors can take.

    • 37 min
    S3 Ep. 1 - Back to School Buzz

    S3 Ep. 1 - Back to School Buzz

    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 hybrid work and reflect on the last 18 months, including the benefits of Diversity & Inclusion that we’ve seen.

    We discuss:

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

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

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

    We discuss –
    Investment philosophy
    Providing options for a vast DC pension membership base
    The structure of a good DC scheme
    o Well constructed default
    o Lifestyle plans
    o Freestyle options (up to around 20)
    For DC schemes, the mark of success is often getting members to save and contribute enough rather than focusing on picking the best investment
    The importance of comms & engagement in DC
    The only 3 questions that Mark asks fund managers
    Focus on the right timeframes - not quarterly performance
    Get your governance right
    Decision making: learning from doing (from what’s worked)
    Why governance needs a rebrand
    The importance of getting beliefs straight as a foundation for everything else
    The role of a devil’s advocate – not arguing with each other but arguing the point
    Key trends that Mark’s seen
    Freedom & choice and three headed dogs
    Value vs values
    Biggest risks on the horizon in DC
    Avoiding good actions becoming compliance check boxes
    Widening the narrative around impact investing: many things provide a return and have an impact. You could consider more widely about the impact of all investment.
    The most underappreciated thing in investing
    There are lots of people that think about investing as a science but it’s as much an art as a science. There is false comfort in numbers and a need for a big dose of common sense. All models are wrong but some are useful.
    Stewardship – it’s much wider than how your equity managers have voted. It’s about acting as an asset owner and being on top of your agents. This needs more development to move it beyond the compliance level.

    Recommendations
    Malcolm Gladwell Tipping Point
    Give n Take (Adam Grant)
    The delusion of crowds – why people go mad in groups

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

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

    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 beliefs and charitable missions into practice
    Mixing emotive issues with risk and return
    Getting deep alignment with the managers of your assets
    Some of the challenges Victoria’s seen overtime
    Tips for making effective decisions: who owns what?
    The sea change in focus on ESG and stewardship
    Stewardship as a competitive asset management advantage
    Bigger focus on targeted impact outcomes, aligning to SDGs and looking in more detail at real assets
    Role of private vs public markets for primary market impact
    The existence of many different initiatives and organisations – which one should you support?
    Relevant links referenced in the conversation
    Notes on the National Trust’s mission
    The UN Sustainable Development Goals
    The Transition Pathway initiative
    Science Based Targets Initiative
    Climate Action 100+
    What’s one thing you would like listeners to take away from this?

    Recognising the power that investing in the financial markets has to influence change, as a client. As a shareholder you have the power to influence change in the direction of your values. This can shift away from shareholder primacy toward a more long-term sustainable shareholder model.

    The most underappreciated thing in investing

    The flexibility that endowments have, the ability to take bold decisions as well as the ability to take more and different types of risk.

    Recommendations
    Talking Responsibly Podcast – (and our episode we did with David Hickey)
    The Authority Gap
    Mary’s recommendation: Desert Island Discs with Hilary McGrady (Director General of the National Trust)

    • 38 min
    S2 Ep. 42 - The Great European Reset

    S2 Ep. 42 - The Great European Reset

    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.

    We discuss –

    - What’s the current state of play in terms of the European post-Covid-19 recovery (vs expectations at the start of the year and vs the US, Asia)
    - What data points is Katharine watching over the coming months on this?
    - Inflation – Katharine's view on this, whether it is transitory or here to stay and why.
    - Differences across Europe, what’s important, what has Katharine been watching out for?
    - Influence of the US – the early take on the Biden admin and its impact
    - The next 10 years: will it be the roaring 20’s or a slow recovery? How is Europe positioned and what might hold it back?
    - Tech – is the lack of a meaningful tech sector going to hurt Europe?

    Most important things to watch for the next 12 months

    It’s not all doom and gloom in Europe, there are elements of dynamism that people may find surprising.

    The most underappreciated thing in investing

    Diversification. A good investor doesn’t get captured by your asset class - you need to diversify.

    Recommendations
    Factfulness: Ten Reasons We're Wrong About The World - And Why Things Are Better Than You 
    Macro Musings Podcast

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

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

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

    We discuss:

    - Alex’s journey of setting up and growing a multi-family office

    - Strategy not tactics in investing – be very clear on the difference

    - Focusing on a 5-year view in a world full of news about the last week

    - Decision making in small vs large groups, maintaining that strategic perspective on boards vs executive CIO level

    - Trends in investment markets: large institutions vs boutiques

    • 30 min

Customer Reviews

5.0 out of 5
18 Ratings

18 Ratings

Frankie D64 ,

Entertaining and Useful

I am not a regular podcast listener but find this podcast to be an easy and entertaining listen. Dan and Mary have a very relaxed, professional approach.

Dpm252 ,

Great podcast

Great content and entertaining! Useful for anyone interested in investing.

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