In this #FundManagerChat, Matthew Beddall, CEO of UK-based fund boutique, Havelock London, and manager of the LF Havelock Global Select Fund discusses the challenges of managing money during the unfolding Covid-19 crisis.
Matthew outlines whether traditional style-biases and valuation metrics matter in the current volatility. He addresses recent performance and reveals the major considerations he is seeking in his stocks as the crisis continues.
This is the quarterly newsletter referred to in this podcast can be found via this link.
Running Order
Run Time Topic 00:25 How difficult is it, and what challenges are you facing, managing money during this Coronavirus pandemic? 02:10 Is the market being at all discerning in the sell-off? Does style matter? 04:50 Does this crisis force you to reconsider any of your existing processes? 05:50 How valid are traditional value metrics during this bout of market volatility? 08:00 Why has your fund underperformed its current IA Flexible classification in the recent sell off? 09:15 When is your fund likely to differentiate from its peers? 10:40 What sort of characteristics will companies need to survive this current crisis? 13:20 In your quarterly newsletters you outline the quandary of negative factors for both equities and bonds. How does one reconcile this?
Matthew is chatting with Jake Moeller, Head of Lipper UK and Ireland Research at Refinitiv, in London on April 7, 2020.
About Matthew Beddall[caption id="attachment_74982" align="alignleft" width="281"] Matthew Beddall, CEO - Havelock London.[/caption]
Matthew is the CEO and co-founder of Havelock London. He worked at Winton for 17 years, eight of which he served as Chief Investment Officer. As CIO, he had responsibility for overseeing all of the firm's investment activities, including for the flagship Winton Futures Fund.
During his tenure, Winton grew to have $32 billion in assets making it one of the largest hedge funds in Europe. He also sat on the Board as a Director, and on the Executive Committee.
Matthew previously graduated with a degree in Mathematics and Computer Science, and went on to earn a Master’s degree in Applied Statistics.
He combines a long-standing personal interest in value investing with extensive professional experience in systematic funds, leaving him with a firm set of views as to how best to manage savings and investments – all of which he has applied to his own money.
Lipper delivers data on more than 265,000 collective investments in 61 countries. Find out more.
Disclaimer:
This material is provided for as market commentary and for educational purposes only and does not constitute investment research or advice. Refinitiv cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. Please consult with a qualified professional for financial advice. The author does not own shares in this investment.
