Income vs growth in technology investing
You won’t typically see a lot of technology stocks in an income portfolio, says Dan Roberts, manager...
Earlier this week, FundCalibre co-hosted our second fund manager speed-dating event. While one manager was pleased he got three phone numbers, they weren’t for a date sadly, as romance wasn’t the order of the day.
Instead, we had invited financial journalists to spend seven minutes each with some of our Elite Rated managers to get their own investment stories – and they simply wanted to follow up with more questions!
While the journalists concentrated on getting the news, we kept it light-hearted and tried to find out more about the characters behind the funds.
The fund managers were:
Here’s what they had to say to our questions.
Julian: I started my career at Schroders in their Hong Kong office
Jonathan: I grew up on a dairy farm so helped my father feed the calves and collect the eggs
Dan: I basically recorded the road markings in Newport, Wales. Can I make up a glamourous title?!
Torcail: I started out as an investment analyst at Alliance Trust
Carl: My first job was as a chef. My worst day in that job was when I spent all day plucking pheasants. I’m now a vegan!
Julian: I’d be a football manager as like most fans, I thinks I can do a better job 😉
Jonathan: Definitely not a dairy farmer, it’s too much hard work! I always had a hankering to be the next ‘Rumpole of the Bailey’ and become a barrister. Maybe that.
Dan: I would dearly have loved to have been a rugby player, but I’m a bit slight, even for a hooker. So I’d probably have ended up doing something far more boring like being an actuary.
Torcail: I think I would have gone into academic research of some sort.
Carl: I’d like to play international rugby, but as that would never happen I’d probably go into teaching.
Julian: Selling Samsung Electronics in the early 1990s as the share price continued to rise significantly.
Jonathan: HBOS sub-ordinated debt (a debt owed to an unsecured creditor that in the event of a liquidation can only be paid after the claims of secured creditors have been met). It went from 100p to 20p before Lloyd’s stepped in with a takeover.
Dan: Definitely Eriksson!
Torcail: A Brazilian sugar producer called GBO, as both the sugar price and the currency went the wrong way.
Carl: Tanfield – an electric vehicle maker
Julian: Buying Samsung Electronics (indirectly through a convertible bond as you couldn’t invest in the shares at that point) in 1986!
Jonathan: Lloyds enhanced capital notes (a type of co-co bond which were issued as a result of the take-over of HBOS)
Dan: A Dutch publisher called Wolters Cluwer
Torcail: Central European Medic Enterprises and free-to-air TV broadcaster in eastern Europe
Carl: Dechra Pharmaceuticals
Dan: Not a flavour really but Vienetta (and the KFC bucket that goes with it!)
Julian: I can speak 30 words in 30 languages
Jonathan: I play Real Tennis – not particularly well, but understanding the rules is a challenge in itself!
Dan: I won a crazy golf challenge a couple of weeks ago, beating 20 of my friends.
Torcail: I was watch leader in 1998 and 1999 in the Tall Ships Race.
Carl: I ran the Comrades marathon in South Africa two years in a row. It’s 56 miles and the first year I ran it downhill and the second year I ran it uphill.