329: Money Makers Investment Trusts Podcast - with Steven Marshall (25 Apr 2026)

Steven Marshall, the founder, chairman, and managing partner of Cordiant Digital joins this edition of the Money Makers Investment Trusts Podcast, to discuss Cordiant Digital Infrastructure (CORD) including its recent progress and performance, catalysts for growth, and strategies to reduce the NAV discount. With Jonathan Davis, editor of the Investment Trusts Handbook (winner of the AIC Best Broadcast Journalist Award 2024 and 2025). Subscribers to the Circle will soon be able to read a profile of this trust, currently scheduled for publication next week. This discussion was recorded on Thursday 23 April. Jonathan is now writing market and other comments on Substack (jdinvestor.substack.com), and for those of you who follow Money Makers on social media, two new channels are now available - TikTok (@moneymakers_its) and Bluesky (@money-makers.co). Do give us a follow! Jonathan will be appearing alongside Peter Hewitt at the Master Investor Show on 25 April, where they'll discuss and answer questions about various aspects impacting the investment trust sector. If you wish to attend and you're a subscriber to the Money Makers Circle, you can receive a free ticket! This will be recorded and released as a special edition podcast in the following week, so subscribe to the podcast to make sure you don't miss it! Section Timestamps: 0:00:37 - Master Investor Show 0:00:55 - This week’s guest 0:02:43 - Steven Marshall 0:06:00 - Reasons for moving to the main market 0:09:43 - The desire to raise more money 0:11:12 - Valuation of assets 0:16:11 - Attracting a wider range of potential investors 0:19:50 - A short break 0:20:40 - Alternatives to the investment trust structure 0:23:44 - Demand induced by AI 0:30:55 - The bid for an EU gigafactory 0:33:15 - External factors 0:39:05 - Close If you enjoy the weekly podcast, why not also try 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, links to third party research, market/portfolio reviews and regular comments from the editor. A subscription costs £12 a month, or £120 for one year with a two week free trial for new subscribers. This week, as well as the usual features, the Circle features a profile of J.P.Morgan Claverhouse (JCH). Future profiles include Cordiant Digital Infrastructure (CORD) and Tetragon Financial (TFG). Our weekly subscriber email includes a comprehensive summary of all the latest news plus the week's biggest share price, NAV and discount movements. Subscribe and you will never miss any important developments from the sector. For more information please visit https://money-makers.co/circle. Membership helps to cover the cost of producing the weekly investment trust podcast, which will continue to be free for the foreseeable future. We are very grateful for your continued support and the enthusiastic response to our nearly 330 podcasts since we launched in 2020. 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 - www.bgprofessional.co.uk