Fund Manager Dan Higgins explains his approach to listed and unlisted stock selection | Ep.117

Investing, Markets & Money

On the Investing Markets & Money podcast this week, Editor Stuart Fieldhouse chats with Dan Higgins, CIO at Marylebone Partners, to get some insights into the Majedie investment trust and Marylebone's approach to money management. Dan walks Stuart through Majedie's multi-faced approach to investment management and how the trust has evolved since Marylebone began advising it. Find out more about Majedie at www.majedieinvestments.com 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. For more great investing ideas, news and insight, sign up to our FREE newsletter at www.thearmchairtrader.com/newsletter/ For stock tips and deeper company analysis get a free trial of Armchair Trader Plus+ at www.thearmchairtrader.com/register If you enjoy the podcast, like and subscribe for more great content. 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?