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29/7/2024
5
min read

Investing for the long-term: a spotlight on season one

Judith MacKenzie
Judith MacKenzie

Partner and Head of Downing Fund Managers

Rosemary Banyard
Rosemary Banyard

Fund Manager

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The podcast unearths a range of insights into Judith MacKenzie and Rosemary Banyard’s long careers in finance and investment. 

What does a fund manager do, how do they think and what types of investments do they look for?  

Downing's Judith MacKenzie, Head of Downing Fund Managers, and Rosemary Banyard, Manager of the VT Downing Unique Opportunities Fund, discuss their careers as fund managers on the Fund Your Retirement podcast.   

In this eight-part series on 'Investing for the long term' each manager shares their experiences on how and why they started working in the City, the challenges and positives of being a woman in finance, the early influences that shaped their careers, and a wealth of valuable insights and knowledge. 

Series breakdown 

Episode one: Investing for the long term: Part one of an investors journey  

Key takeaways:  

  • How to get started with investments  
  • The positives of being a woman in finance  
  • Early influences that shaped their careers  

Listen here

Episode two: Finding an investment strategy that suits you  

Key takeaways:  

  • Value vs growth  
  • Small caps vs large caps  
  • UK companies vs global markets  

Listen here 

Episode three: How to analyse companies for long term investing  

Key takeaways:  

  • What to look for in a ‘good’ company 
  • Views on management and renumeration  
  • What are some red flags to look out for  

Listen here 

Episode four: Investor psychology and investing through recessions 

Key takeaways:  

  • Investing through the tech bubble  
  • Investing through the financial crisis of 2008  
  • Launching a fund in the middle of Covid-19 

Listen here   

Episode five: Best and worst performers 

Key takeaways:  

  • What companies didn’t work out as expected?  
  • What companies exceeded expectations and why?  
  • The highs and lows of investing   

Listen here 

Episode six: Memorable meetings with company management & AGMs 

Key takeaways:  

  • How important are AGMs in the analysis of companies?  
  • Voting - is it important? What do you tend to vote against?  
  • What red flags put you off management?  

Listen here 

Episode seven: Constructing and managing an investment portfolio 

Key takeaways:  

  • What is portfolio construction and portfolio management?  
  • How do Judith and Rosemary diversify risk across the stocks they own?  
  • What tools or software do they use to aid them in managing their investment portfolios?   

Listen here 

Episode eight: A day in the life of a fund manager: season finale insights 

Key takeaways:  

  • What does a typical week consist of?  
  • Dealing with regulatory requirements  
  • A reflection on their most rewarding moments   

Listen here 

Further links and resources: 


Risk warnings: Please note that past performance is not a reliable indicator of future results. Capital is at risk. Investments and the income derived from them can fall as well as rise and investors may not get back the full amount invested. Investments in our funds should be held for the long-term and are higher risk compared to investments solely in larger, more established companies. Opinions expressed represent the views of the fund manager at the time of publication, are subject to change, and should not be interpreted as investment advice.  

Important notice: This content is for information only and does not form part of a direct offer or invitation to purchase, subscribe for or dispose of securities and no reliance should be placed on it. This content contains information that is believed to be accurate at the time of publication but is subject to change without notice. Whilst care has been taken in compiling this content, no representation or warranty, express or implied, is made by Downing LLP as to its accuracy or completeness, including for external sources (which may have been used) which have not been verified. Downing does not offer investment or tax advice or make recommendations regarding investments. Downing is a trading name of Downing LLP. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference No. 545025). 

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