28: Simon Hallett, former CIO of Harding Loevner and owner of Plymouth Argyle Football Club
Money Maze Podcast18 Helmi 2021

28: Simon Hallett, former CIO of Harding Loevner and owner of Plymouth Argyle Football Club

Sign up to our newsletter for more in-depth insights | Follow us on LinkedIn Simon Hallett, former CIO of the $80 billion Asset manager, Harding Loevner, describes his journey from Plymouth, England, to Oxford University and then to Finance. Starting at Midland Bank, Simon moves to Jardine Fleming in Hong Kong, and he describes an amateurish investing world that was transforming, and his decision to swap continents and join Harding Loevner, then a start-up in 1989. Harding Loevner’s impressive 30 year track record in managing global equities is examined, with a discussion that covers behavioural biases, the need to restrict portfolio managers’ freedom, to the increasing reliance on quantitative disciplines to enhance the investment process. He describes the challenge of staying with winners and the difficulties of dealing with losing companies, in a portfolio context, and what happens when a firm’s assets halve three times in 30 years during bear markets and the challenge of swimming against the current. He explains why top-down thinking should be strictly limited in building an equity portfolio, why their firm has only 2 Bloomberg terminals and stock-price watching is actively discouraged. He also discusses the merits of being partially owned by Affiliated managers Group, AMG. He then explains his decision to buy Plymouth Argyle Football club – heart over logic, possibly, but why the management of a football team and player selections have more in common with selecting stocks than you might think. Finally he gives some great advice to “keep your nose clean” and “ stay the course” – applicable for both football and investing.

Jaksot(232)

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196: Scale, Strategy, and Stewardship: Rachel Elwell, CEO, on Border to Coast’s Growing Power in UK Pensions

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195: From Battlefield to Boardroom: Assessing the Cyber War Frontlines  - Jen Easterly on the New Era of Cyber Risk

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194: General David Petraeus: Inside a World Glowing Red

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193: From Hedge Fund Roots to Alternative Credit Leadership: Soraya Chabarek, President & CEO, MCQS

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192: Emerging and Frontier Markets: Cyclical Bounce or the Beginning of a Secular Advance? A discussion with Peter Elam Håkansson, CEO and Founder of East Capital.

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