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Insights from a Fund Management Legend, Andy Brough
Judith MacKenzie, Head of Downing Fund Managers, and Rosemary Banyard, Manager of the VT Downing Unique Opportunities Fund, return for Season two of their successful Investing For The Long Term podcast.
While Season one focussed on Judith and Rosemary’s long careers, blazing a trail for women in finance, Season two will see the pair interview giants of the industry from across their extensive networks.
The series kicks off in inimitable style and features the legendary Andy Brough, Head of the Pan-European Small & Mid-Cap team at Schroders. In this fascinating exchange, among other things, they discuss career paths, challenges, passions and biggest achievements – Andy’s being a celebration of his 144th quarter of investing ‘And I’m still here!’
Timestamps:
00:29 Introducing Andy Brough
01:16 Judith and Rosemary's First Encounters with Andy
04:12 Andy's Career Journey
06:03 The Evolution of Fund Management
08:43 Insights on Accounting and Fund Management
11:56 Influential Figures and Mentors
16:09 The State of the UK Market
19:10 Reflections on Government Policies
24:04 Career Achievements and Advice
27:33 The Signature Red Shirt
29:22 Recommended Reads and Final Thoughts
Judith founded Downing Fund Managers in 2010, the boutique investment arm of Downing, a distinctive suite of funds and investment solutions that differ from the mainstream.
Rosemary manages the VT Downing Unique Opportunities Fund, a strategy that invests in unique businesses that can achieve above-average returns on capital, based on a sustainable competitive advantage.
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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