213: Weekly Investment Trusts Podcast - with Jim Strang (01 Jun 2024)

This week, Jonathan Davis, editor of the Investment Trusts Handbook, is away and cannot bring the usual summary of news and results. However, he was able to speak with Jim Strang, chairman of HgCapital. The normal format will return next Saturday, 08 June 2024. We are grateful for the support of J.P. Morgan Asset Management, which enables us to keep the podcast free. Section Timestamps: 0:00:39 - A shorter podcast than normal 0:01:02 - Money Makers Circle 0:01:23 - This week's guest 0:01:56 - Q&A with Jim Strang 0:02:20 - The private equity sector over the past couple of years 0:05:00 - Performance of private equity vs listed markets 0:08:25 - The shift from public to private markets 0:11:13 - Supply and demand 0:13:28 - M&A activity 0:16:06 - HgCapital and the structural advantages of listed private equity trusts 0:19:03 - The last few years for HgCapital and its discount 0:28:43 - The ongoing strategy of the business 0:32:00 - Significant risks 0:33:32 - Close If you enjoy the weekly podcast, you may also find value in joining The Money Makers circle. This is a membership scheme that offers listeners to the podcast an opportunity, in return for a modest monthly or annual subscription, to receive additional premium content, including interviews, performance data, market/portfolio reviews and regular extracts from the editor's notebook. This week, as well as the usual features, the Circle features a profile of CT Private Equity (CTPE). Future profiles include Scottish Mortgage (SMT) and BlackRock Smaller Companies (BRSC). Look out for the latest edition of our new expanded weekly subscriber email which summarises Jonathan's latest thoughts including some of his most recent trust purchases, and includes a comprehensive summary of all the latest news. The content of that email is also available for subscribers via the website. For more information about the Money Makers circle, please visit money-makers.co/membership-join. Membership helps to cover the cost of producing the weekly investment trust podcast, which will continue to be free. We are very grateful for your continued support and the enthusiastic response to our over 210 podcasts since launch. You can find more information, including relevant disclosures, at www.money-makers.co. Please note that this podcast is provided for educational purposes only and nothing you hear should be considered as investment advice. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk. Produced by Ben Gamblin.