In this episode of the Value Perspective, we’re joined by David Iben, the founder and CIO of Kopernik Global Investors. Kopernik has a unique practice, in that they relocate their entire investment team each summer to immerse themselves in a market’s culture, economy and on-the-ground reality. This summer, they were in London. In the episode we uncover what makes those short location focused deep dives so valuable for Kopernik; sectors in the UK that have caught David’s attention; how they balan...
Nov 10, 2025•54 min•Ep. 173
This week, in an episode from the Allocator’s Edge mini-series of the Value Perspective we’re joined by Fabio Cecutto, the Head of Listed Equity at Willis Towers Watson. Fabio brings a wealth of experience, having joined Willis Towers Watson in 2006 after roles at JP Morgan Asset Management in their multi-manager division and as a sell-side analyst at Banca IMI, part of Intesa Sanpaolo. In the episode, we explore how Fabio and his team assess the qualitative side of fund managers, especially whe...
Aug 14, 2025•51 min•Ep. 172
Today, we’re continuing a small series about CEOs and speaking with Jane Jie Sun, CEO of Trip.com — a global online travel platform with a market cap around $42 billion. June has been the CEO of Trip.com since 2016, succeeding the companies founder. She held previous leadership roles at Applied Materials and KPMG before joining the Trip.com Group in 2005. This episode is hosted by Juan Torres, the co fund manager of the Schroders Emerging Markets Value strategy and he’s joined by global emerging...
Aug 04, 2025•33 min•Ep. 171
In this Allocator’s Edge episode of the Value Perspective, we’re joined by Jason Samons, Head of Manager Research at Mediolanum, a firm managing over $60 billion in assets. Before Mediolanum Jason was Head of Equities at St James’s Place Wealth Management. In this episode we discuss how Jason’s core beliefs have evolved over the course of his career; what it means to be curiously paranoid how he balances curiosity with defensiveness; the difference between storytelling and reality and how to avo...
Jul 31, 2025•1 hr 9 min•Ep. 168
This week, we welcome a returning guest back to the Value Perspective. Adam Rozencwajg is the co-founder and Managing Director of Goehring and Rozencwajg. His first appearance on the podcast came back in 2024 in a special episode hosted by Django Davidson and Juan Torres-Rodriguez, that quicky became one of the most downloaded in the show’s history. This time, our discussion with Adam focuses on the realities of deep value investing in the commodities space. Special thanks to Elliott Plotkin fro...
Jul 21, 2025•58 min•Ep. 170
This week we replay an Allocator’s Edge episode of the Value Perspective from 2024 with Dan Zwirn, the CEO and CIO of Arena Investors. Dan co-founded Arena in 2015, creating innovative solutions in special situations and distressed debt markets. Arena now manages around $3.5 billion, specialising in complex investments across various sectors globally. Before Arena, Dan led multiple speciality finance ventures and founded DB Zwirn and Co, a $6 billion firm in global special situations. He brings ...
Jul 17, 2025•1 hr•Ep. 169
This episode of the Value Perspective comes to you from our recent visit to the London Value Investment Conference. In a stellar line up, we’re joined by some of the sharpest minds in the investment world, including Simon Adler, from Schroders Value Team, Alissa Corcoran from Kopernik, Dan O Keefe from Artisan Partners, Alisdair McKinnon from Sgurr Ventures, Freddie Lait from Latitude Investment Management, Alex Roepers for Atlantic Investment Management, Matt Enion from Quilter Cheviot, David S...
Jul 07, 2025•1 hr 11 min•Ep. 167
In this Allocator’s Edge episode of the Value Perspective, we’re joined by Andrew Brenton, founding Partner of Turtle Creek Asset Management. Back in the 1990s Andrew and his two partners made a bold move, applying a private equity lens to public markets. The result is a standout long-term track record from their base in Canada. In the episode we discuss the art and limits of forecasting, including embedded probabilities; how to integrate the private equity approach to public markets; and finall...
Jul 03, 2025•59 min•Ep. 166
In this episode of the Value Perspective, we’re joined by Jonathan Boyar, Managing Director of the Boyar Group, a research driven investment group founded by his father fifty years’ ago. The Boyar Group is known for its deep fundamental research, applying a private equity lens to public markets with a strict focus on US equities. Jonathan also hosts the podcast The World According to Boyar and writes a popular Substack. In the episode we discuss Jonathan’s insights, drawn from decades of market ...
Jun 23, 2025•38 min•Ep. 165
In this Allocator’s Edge episode of the Value Perspective we return our focus to building boutiques in asset management. Our guest is Jamie Carter, who was employee number four at Oldfield Partners, joining at its inception in 2005. He rose through the ranks to become CEO before stepping away just before Covid. Now he’s back in the game as a partner at the Emerging Markets’ focused boutique Variis Partners. During the episode we discuss Jamie’s journey to Variis Partners and why he chose to star...
Jun 19, 2025•59 min•Ep. 164
This week we’re delighted to have Herb Greenberg with us on the Value Perspective. Herb is a veteran financial analyst and financial journalist with a massive following across media platforms. While he covers business broadly, he is best known for his expertise in uncovering corporate accounting frauds, red flags and short selling opportunities, though he is quick to point out that he is not just a short seller. Check out his website herbgreenberg.com to see all of his views. In this episode we ...
Jun 09, 2025•52 min•Ep. 163
Our guest for this episode of our Allocator’s Edge mini-series is a true legend of the investment world, David Salem. David is currently the Managing Director of Capital Allocation at Hedgeye, a role he took on in 2023. Before that, he was the founding President and Chief Investment Officer of The Investment Fund for Foundations (TIFF) and a partner at GMO, where he worked closely with Jeremy Grantham on investment solutions for large institutional funds. David received a JD cum laude from Harva...
Jun 05, 2025•1 hr 9 min•Ep. 162
In this episode of the Value Perspective we’re joined by a very special guest, Barry Ritholtz. Barry launched The Big Picture, one of the first financial blogs, back in the 1990s and it is still going strong today. He is also a podcasting pioneer with Bloomberg’s Masters in Business, a successful investor and entrepreneur, and the founder of Ritholtz Wealth Management which oversees more than $5 billion in assets. His latest book is titled How Not to Invest. This episode was recorded the Friday ...
May 27, 2025•1 hr 16 min•Ep. 161
In this episode in our Allocator’s Edge mini-series of the Value Perspective we’re joined by Ben Cossey, Managing Director for EMEA at Pinnacle. Pinnacle is an Australian listed Asset Manager, focused on seeding and building high-potential emerging investment managers. Ben has been with Pinnacle since 2018 and brings prior experience from firms like Stable Asset Management, UBS and LaSalle. He also serves as a Nonexecutive Director at Coolabah Capital and Antipodes Partners, with academic roots ...
May 22, 2025•58 min•Ep. 160
We bring you this episode of the Value Perspective from the floor of the New York Quality Growth Conference. We relish the opportunity to reach across the proverbial aisle and chat with growth investors. We chat with returning guest Fabio Cecutto from Willis Towers Watson, David Souccar from Vontobel, Siddharth Jain from GQG Partners, Christopher Rossbach from J Stern, Stephen Pizenberg from Boyden, Stephen Clapham from Behind the Balance Sheet, James Bullock from Lindsell Train, Angela Wu from ...
May 12, 2025•41 min•Ep. 159
In this episode in our Allocator’s Edge mini-series of the Value Perspective we’re joined by Erika Olson, a Managing Principal and Director of Public Markets Manager Research at Meketa Investment Group. Erika plays a central role in shaping Meketa’s public markets’ research, overseeing manager selection and delivering results for institutional investors. Meketa is an independent, employee-owned firm founded in 1978. It provides customised investment solutions for a diverse group of clients, incl...
May 08, 2025•38 min•Ep. 158
In this episode of The Value Perspective, we’re joined by Harvey Sawikin, founder of the American hedge fund Firebird. Harvey and his team were among the first Americans to venture into the Russian market during the voucher auctions of 1993 and 1994. Beyond his impressive financial career, Harvey is also an accomplished writer, having penned a novel Rick Green, Esquire in the 1990s that received positive reviews in the New York Times. He currently shares his views on his Substack, The Falling Kn...
Apr 28, 2025•1 hr 16 min•Ep. 157
In this episode of the Value Perspective, co-hosted by Arjun Murti, we’re honoured to welcome Niall MacDowell. Niall is a professor at Imperial College London, a Chartered Engineer and a Fellow of the Royal Society of Chemistry. He is a public and private sector consultant and recently contributed to the UK’s Net Zero strategy. In this episode, we explore the growing sense of exhaustion in the climate change debate and unpack how Net Zero targets were established despite being nearly impossible ...
Apr 24, 2025•51 min•Ep. 156
Welcome to this special episode of TVP, where Juan and Andrew Williams will take you behind the scenes of the New York Value Conference. Recorded live on the conference floor, just as we've done in the past at the London Value Conference in the London Quality and Growth Conference. We are fortunate to line up an incredible slate of guests ranging from those who presented on stage to attendees at the conference itself. In today's episode, we were joined by some stalwarts and rising stars in the v...
Apr 07, 2025•1 hr 4 min•Ep. 155
In this Allocator’s Edge episode of the Value Perspective we’re joined by Greg Dean, the founder of Langdon Equity Partners, an asset management firm he launched just two and a half years ago after an impressive career at Cambridge Global Asset Management. This is the first in at least four episodes where we will dive deep into the challenges of launching an asset management business, exploring the tough decisions risks and insights that come with setting up a boutique firm. We discuss Greg’s jo...
Apr 03, 2025•1 hr 2 min•Ep. 154
In this episode of the Value Perspective we’re joined by Nick Train, co-founder of Lindsell Train and a legendary figure in the investment world. Nick is the portfolio manager for UK equity portfolios and jointly manages Global equity portfolios. With over 40 years’ experience, he made a name for himself as a high conviction buy and hold investor. This episode is co-hosted by the head of the Value Team Nick Kirrage and the newest member of our team, analyst Tom Grady. Tom is an experienced UK ma...
Mar 24, 2025•42 min•Ep. 153
In this episode in our Allocator’s Edge mini-series we welcome Craig Thomas, Chief Investment Officer of Verger Capital Management. In this role, he oversees all aspects of the firm’s investment process, including asset allocation, portfolio construction and manager selection. Prior to co-founding Verger, Craig spent ten years performing similar investment duties for Wake Forest University’s Office of Investments where he most recently served as Director of Investments. He also serves as a mento...
Mar 20, 2025•42 min•Ep. 152
Welcome back to part two of our special 150th episode celebration. If you haven’t listened to part one yet, we highly recommend that you start there. In the first episode, we explored David Marcus’s early years at Mutual Shares, his experience working with the legendary Michael Price, and his journey into deep value investing in the US and Europe. In this second episode, we continue our conversation with David, diving into the second half of his remarkable career. We cover his transition from st...
Mar 10, 2025•57 min•Ep. 151
It’s out 150th episode this week and we celebrate this milestone with a special two-part conversation with David Marcus, who was kindly introduced to us by Stacy Havener. David began his career in 1987 at Mutual Shares working under the legendary investors Max Heine and Michael Price. Mutual Shares was the boutique where Seth Klarman launched his career in the late 1970s. This episode is particularly meaningful as we have long wanted to pay tribute to Michael Price, following his passing a coupl...
Mar 03, 2025•1 hr 4 min•Ep. 150
This week we welcome Alliance Bernstein’s materials’ analyst Bob Brackett back to the Value Perspective as part of our Allocator’s Edge mini-series. We also welcome back Mark Walker, CIO of Coal Pension Trustees as co-host for the episode to share his perspective as a capital allocator navigating today’s commodity landscape. In the episode we discuss a range of topics shaping the energy and materials’ world today including; the impact of a new Trump era on oil and gas over the next four years; G...
Feb 27, 2025•1 hr 3 min•Ep. 149
This week on the Value Perspective we’re delighted to be joined by Jim Osman. Jim is the founder and Chief Vision Officer at The Edge, a research firm dedicated to identifying and analysing unique investment opportunities, with a particular focus on spin-offs, demergers and distressed credit opportunities. With decades of experience in equity research and portfolio strategy, Jim has built a reputation for delivering deep, actionable insights to investors. In this episode we discuss; the intricac...
Feb 17, 2025•45 min•Ep. 148
We are delighted that a good friend of the Value Perspective podcast, Jake Taylor, has returned to converse with us for a third time. Jake is a value investor, the author of the Rebel Allocator and co-host of the excellent podcast, Value After Hours, which he co-hosts with Tobias Carlisle. In this episode we dive into the kindness and power of simply making yourself available to listen; why value investors must continue to evolve; the business of chicken sexes; the psychological safety of holdin...
Feb 03, 2025•54 min•Ep. 147
In this Allocator’s Edge series episode of the Value Perspective we’re joined by Madison McCall, an active product specialist at Vanguard, where she has worked since 2017. With eight years at the firm, she is halfway to the impressive 16-year average tenure for fund managers at Vanguard. Her family’s background in journalism has sharpened her ability to communicate how fund research creates an edge in active management. Pus, as a triplet, she is no stranger to cutting through noise in a crowded ...
Jan 30, 2025•45 min•Ep. 146
In this episode of the Value Perspective, we’re joined by Eva Shang, the co-founder and CEO of Legalist, a tech enabled investment firm specialising in litigation assets, based out in San Francisco. Eva started the company after dropping out of Harvard at the age of nineteen and has since built Legalist into a notable player in the alternative credit space. At the time of this recording in October 2024, Legalist was in the process of raising for their fourth fund and their previous funds have sh...
Jan 20, 2025•45 min•Ep. 145
In this Allocator’s Edge series episode of the Value Perspective we’re excited to welcome Swen Lorenz as our guest. Swen is the founder and CEO of Sarnia Asset Management. He also runs the deep value research platform Undervalued Shares and organises the one-of-a-kind Weird Shit Investing Conference. If you’re drawn to unconventional off-the-beaten-path investing ideas, Swen is the man to know. From litigation finance to biotech to just downright weird assets, Swen uncovers some of the most intr...
Jan 16, 2025•44 min•Ep. 144
