Social leaders in the transition to a more sustainable economy

In this session, Charlie will discuss Impax’s proprietary social taxonomy, the thesis behind allocating to this theme, and how research links social factors to corporate outperformance. Naturally, this can lead to market inefficiencies. The combination of 25 years of thematic active management and quantitative behavioural analysis makes this a unique proposition.

A differentiated approach to seeking European equity opportunities

Following Lansdowne Partners’ acquisition of CRUX Asset Management in August 2023, Daniel Avigad and his team took on the management of the recently renamed TM Lansdowne European Special Situations Fund, a significant development making their differentiated Lansdowne European strategy widely accessible to UK based investors for the first time. Daniel will explain his distinct process of seeking long-term investments in European equities based on deep due diligence, fundamental analysis and active engagement; an approach that has quietly achieved striking results.

How can a Contrarian Value approach reward investors with long-term growth?

Since 1993, California-based FPA, have applied a disciplined approach to value investing to deliver positive long-term returns, outperforming value and core global equity peers. Now available to UK investors, the bedrock of this strategy is:
1. An investment framework that identifies undervalued compounders, commercial opportunities and special situations, with long-term growth prospects.
2. An absolute return mindset that emphasises preserving capital while seeking market-beating returns.
3. A team structure that unlocks a best ideas portfolio regardless of geography and sector.
With market concentration on the rise, co-portfolio manager, Brian Selmo, shares why contrarian value investing can help investors generate long-term growth without the pitfalls of traditional value investing.

The case for Emerging Markets ex. China

PM Fergus Argyle will discuss some of the best investment opportunities in the fastest growing emerging economies, excluding China. As one of the first dedicated emerging market products to exclude China, the team is focused purely on opportunities in these economies which offer an unusual combination of structural appeal at cyclically and relatively depressed valuations. Whilst China confounds investors with speculation about the timing and nature of stimulus, the remaining emerging economies are seeing inflation fall faster than their developed peers; positive real rates and falling interest costs. The opportunity set is broad with record IPOs in recent years.

Thinking Differently in North America

Launched in April 2023, Pacific North American Opportunities is managed by Chris Fidyk, former Partner and Portfolio Manager at Findlay Park. The strategy is unconstrained, high tracking error and concentrated in nature, with 25-35 investments in under-researched companies across the market cap spectrum.

This limited capacity strategy is unwaveringly dedicated to generating alpha for long-term clients, thus preventing excess AuM from compromising the investment process. Chris will share his vision and philosophy for this ultra-high conviction strategy, recounting his first year at PAM and conveying his excitement for the opportunity-set outside of the magnificent 7 where in-depth research presents compelling risk-reward profiles.

Energy Revolution: Driving Tomorrow's Energy Commitments, Today

This is the Industrial Revolution of our time – a complete transformation of how we harvest, manage and consume energy. Vontobel’s Energy Revolution Fund is designed to grasp every aspect of this energy transition by strategically investing in three key sectors: transition materials essential for the mineral heavy shift, low-carbon energy sources like natural gas for interim solutions, and renewable energy technologies for the electrification of our society. Romain will introduce their approach, balancing short-term stability with long-term sustainability and targeting robust and diversified returns whilst advancing the global energy transformation.