Thursday 24th February 2022, 1pm

1.00 pm Company presentation by Vietnam Holdings Ltd
1.30 pm Company presentation by CCAM Japan Income and Growth
2 pm David Stredder interviews Peter Pereira Gray, Managing Partner and CEO, Investment Division of Wellcome Trust
2.30 pm Company presentation by Momentum Global Investment Management
3.00 pm Jonathan Davis from the MoneyMakers update us on the latest Investment Trust books and news
3.30 pm David Stredder interviews Sheryl Cuisia, our new Chair at ShareSoc
4.00 pm Company presentation by Seraphim Space Investment Trust plc
4.30 pm Reg Hoare presents his latest Investment Trust thoughts
5.00 pm Panel featuring our specialist investors Edmund Shing, Reg Hoare, Andrew Latto and Jonathan Davis

David Stredder interviews Peter Pereira Gray, Managing Partner and CEO, Investment Division of Wellcome Trust

Peter Pereira Gray is Managing Partner and Chief Executive Officer of the Investment Division of the Wellcome Trust, where he has worked for over 20 years. Wellcome has a gross investment portfolio of some $50 billion, and has achieved a net investment return of 14.2 % p.a. since October 1985.

Peter is Chairman of Premier Marinas, the UK’s leading marina owner and operator and chairman of Urban and Civic plc the UK’s master planner and developer.  Peter was a main board director of iQ, one of the largest privately owned student housing owner operators in the UK, sold to Blackstone in May 2020.

Peter is the immediate past co-chair of the Institutional Investors Roundtable, a not for profit organisation funded by government, philanthropy and global institutions speaking for over $15 trillion of investment assets.

Company Presentation – Japan Income and Growth Trust

Coupland Cardiff (CCAM) is an award winning, Asian and Japanese specialist fund management group with offices in London and Singapore. With over 100 years of local experience, our disciplined investment process aims to achieve high quality returns for our investors.

Richard Aston is a Japanese equities Portfolio Manager at Coupland Cardiff Asset Management LLP and works closely with Jonathan Dobson, CIO – Japan.

Richard graduated from Cambridge University with an MA in Engineering and a sponsorship from GEC Industrial Controls.  He first moved into the finance industry as an Investment Analyst with Sun Life Asset Management (now part of AXA Investment Managers) in 1992.

After various roles within the asset management team, Richard was appointed as a Portfolio Manager on the Japanese desk in 1997. In 2000, he was appointed Head of Japanese equities at Chase Asset Management in London.

Following the merger of Chase Manhattan, Flemings and JPMorgan, Richard became a member of the JPMorgan Asset Management Japanese Equities team based in London and subsequently in Tokyo, where he worked closely with Jonathan Dobson.

He was promoted to Managing Director in 2008. In December 2010, Richard returned to London and joined Coupland Cardiff Asset Management LLP.

David Stredder interviews Sheryl Cuisia, our new Chair at ShareSoc

Sheryl Cuisia,

ShareSoc Chair

ShareSoc Chair, Sheryl Cuisia draws on over 20 years’ experience in investor engagement and corporate governance advisory, during which time she has overseen 1,000 campaigns across multiple industries and markets. With progressive proxy solicitation and shareholder communications for complex mergers and acquisitions, activist situations and corporate actions being her key focus areas, she is able to apply her specialist insights to her work at ShareSoc.

In 2011, Sheryl founded a leading UK shareholder engagement consultancy, which was subsequently acquired by a FTSE 250 company in 2018. Her cadre of clients include small-cap companies through to large multi-nationals, activist hedge funds and private equity firms. Her substantial career spans analytical, operational and developmental roles in the UK and Canada for corporate advisory firms.

Sheryl’s advocacy work includes her role as the inaugural Entrepreneur-in-Residence at King’s College, Cambridge University, and co-founding and co-chairing the Women’s Company Secretary Circle (WoCoS). She is also a member of the judging panel of the Non-Executive Director Awards, and holds a small portfolio of non-executive director mandates.

Company Presentation – Downing Renewables & Infrastructure Trust plc

About Downing Renewables & Infrastructure Trust plc (DORE)
DORE is a closed-end investment trust that aims to provide investors with an attractive and sustainable level of income, with an element of capital growth, by investing in a diversified portfolio of renewable energy and infrastructure assets in the UK and Northern Europe.

DORE’s strategy, which focuses on diversification by geography, technology, revenue and project stage, is designed to increase the stability of revenues and the consistency of income to shareholders. For further details please visit

About Downing LLP
Downing LLP is a London-based investment management firm. It has over 25,000 investors and has raised over £1.7 billion into businesses across a range of sectors, from renewable energy, care homes, health clubs, and children’s nurseries, to technology and sports nutrition. Downing has a demonstrable track record in renewables, having made 119 investments into solar parks, wind farms and hydroelectric plants since 2010. For further details please visit

Tom Williams, Partner and Head of Energy and Infrastructure

Tom joined Downing as Partner in the Energy & Infrastructure team in July 2018. He heads up the team and has 20 years’ of experience as Principal and Adviser across the private equity and private debt infrastructure sectors. He trained as a Solicitor before moving into private equity, where he carried out successful transactions totalling in excess of £13 billion in the energy, utilities, transportation, accommodation and defence sectors. Tom holds a Postgraduate Diploma in Legal Practice from the Royal College of Law and both a master’s and bachelor’s degree in law from Cambridge University.

Henrik Dahlstrom, Investment Director

Henrik joined Downing in August 2020 as Investment Director in the Energy & Infrastructure division, where he leads investments in the Nordic region, an area which he has specialised in for nearly two decades.

Previous to his Downing appointment, Henrik undertook a 17-year tenure at Macquarie as a Director with Macquarie Infrastructure and Real Assets (MIRA) and was made Head of Nordic Region in 2015. Since 2004, Dahlström has been involved in all six of Macquarie’s diversified European infrastructure funds (Macquarie European Infrastructure Funds, MEIF).

Henrik holds a Master of Science and Major in Finance from Gothenburg School of Economic, Sweden being where he grew up.

Tom Moore, Partner and Head of Asset Management

Tom Moore joined Downing in May 2019 and is a Partner and Head of Asset Management. Tom is building our asset management functionality to provide our investors with an efficient and class leading management service. Prior to joining Downing, Tom was Director at Foresight Group, where he had oversight of a significant portfolio of renewable energy investments.

Company presenation by VIETNAM HOLDING Ltd (VNH)

Vietnam Holding Ltd (LSE: VNH): Company Summary

VIETNAM HOLDING Ltd (VNH) is a closed-end investment company dedicated to making sustainable investments in Vietnamese equities. VNH’s shares are traded on the premium segment of the London Stock Exchange Main Market and admitted to the Official List of The International Stock Exchange. VNH was established in 2006 and has been a signatory of the United Nations Principles on Responsible Investing (UNPRI) since 2009. VNH is managed by Dynam Capital, Ltd., a Guernsey regulated investment manager with an affiliated office in Ho Chi Minh City with 13 full-time Vietnamese staff. In 2021 VNH was the top-performing fund in Vietnam, and one of the top three investment trusts in the entire United Kingdom.

Craig Martin – Chairman of Dynam Capital



Craig has been involved in Vietnam for over 27 years. In 2005 he moved to Vietnam as an investment director and Head of Private Equity for Prudential Vietnam (now Eastspring), and led several notable investments. Prior to Prudential, Craig was a founding team member of Standard Chartered Private Equity, and in the 1990s ran a management consulting firm across Indochina. From 2010 to 2018 he was a managing partner and co-CEO of CapAsia, a Singapore licenced private equity fund manager, focusing on investments across Asia’s emerging markets.

Craig joined with Vu Quang Thinh in early 2018 to co-lead the establishment of Dynam Capital.

Craig has a Masters degree in Engineering from the University of York, UK, and a MBA with Distinction from INSEAD, and is a member of the Singapore Institute of Directors.

Company presentation by Momentum Global Investment Management

Momentum Global Investment Management was established in the UK in 1998 and focuses on designing, building and managing outcome-based investment solutions, delivered through multi-asset portfolios and tailored client solutions.

We work closely with our institutional and adviser partners in the UK and Europe, Asia and the Middle East, South America and South Africa in order to manage solutions that meet the needs of our clients.

The firm is part of Momentum Metropolitan Holdings Limited. With a market capitalisation of US1.7 billion as at December 2020, Momentum Metropolitan remains one of South Africa’s larger life insurers and integrated financial services companies.’

MAVT Aim and Overview:

‘The Momentum Multi-Asset Value Trust is for investors who wish to combine the benefits of a quarterly income with long term capital growth. Over a typical investment cycle of between 5 and 10 years, the Company seeks to achieve a total return of at least CPI plus 6% per annum after costs with low volatility and aims to increase the dividends paid to Shareholders at least in line with inflation, through the application of a Multi-Asset Investment Policy.

The trust is managed in a unique style we term as multi-asset value investing with investible assets held within UK and overseas equities, fixed interest, specialist investments and property.

Steve Hunter

Steve joined Seneca IM in October 2016, having held a number of senior management and business development roles within the insurance industry, and joined Momentum in April 2021 as the result of Momentum’s acquisition of Seneca IM. Steve is a
Chartered member of the Insurance Institute, with more than 25 years’ experience working in the insurance and investment markets primarily with intermediaries.  When he isn’t working, Steve likes to spend time with his family and is a keen golfer.

Company presentation by Seraphim Space Investment Trust plc

Seraphim Space Investment Trust will target early and growth stage Space Tech companies that have the potential to dominate globally and that are sector leaders with first mover advantages in areas such as climate, communications, mobility and cyber security.

Mark Boggett CEO & Managing Partner

Mark is a pioneer in Space Tech investment having co-founded the Seraphim Space Fund and invested into a portfolio which includes three companies that have achieved billion-dollar valuations. Previously, Mark was a director at YFM Equity Partners, the firm behind the high profile British Smaller Companies VCT 1 & 2. He also worked at Brewin Dolphin and Williams de Broe. He completed his undergraduate degree in Accounting & Finance, Masters in Economics and Finance from the University of Leeds.

Jonathan Davis talks with Sally Tickner from Harriman House and the latest Investment Trust books

Harriman House is a UK-based, but globally focused independent publisher operating in the business and finance sector.  

We have an extensive catalogue of titles and produce high-quality products by working with leading authors, journalists, experts and institutions.

We have over 300 titles currently available in print and eBook form and a fast growing list of audiobooks. Our highly regarded portfolio brings our readers top-quality content by leading practitioners including bestsellers such as The Psychology of Money by Morgan Housel, The Naked Trader by Robbie Burns, The Behavioral Investor by Daniel Crosby, The Choice Factory by Richard Shotton, The Zurich Axioms by Max Gunther & Quality Investing by Lawrence A. Cunningham, Torkell T. Eide & Patrick Hargreaves. 

We are a dedicated team of creative publishing professionals who look to work closely with authors to help transform their ideas into any print or digital product. 

Jonathan Davis

Editor, Money Makers

Jonathan Davis started  his career as a financial journalist on The Times, Sunday Telegraph and The Independent before qualifying as a professional investor. He is a Member of The Chartered Institute for Securities and Investment and the author of several books on stock market investment, as well as editor of the annual Investment Trusts Handbook and a senior adviser at Saunderson House.

Sally Tickner

Harriman House

Experienced, commercially minded content professional, with a passion for digital knowledge assets and commitment to support lifelong learning. Currently working on projects in the tech, finance, business and leadership sector.


Investment Trusts and Funds Panel featuring Reg Hoare, Jonathan Davis and Edmund Shing hosted by David Stredder

Edmund Shing – Global CIO at BNP Paribas Wealth Management 

Edmund is currently based in Paris, after working for several years in London as Global Head of 

Equity Derivative Strategy in BNP Paribas Global Markets. 

Edmund has previously worked at Barclays Capital (as Head of European
Equity Strategy), BNP Paribas (as a Prop Trader), Julius Baer, Schroders and
Goldman Sachs over a 26-year career in financial markets based in Paris and 
London. He also holds a PhD in Artificial Intelligence from the University of
Birmingham. Follow him on Twitter @TheIdleInvestor and at .

Jonathan Davis – MoneyMakers

I have been analysing and writing about financial markets for some four decades, initially as a business journalist on The TimesThe Economist and The Independent, more recently as an independent investment professional and author/columnist/publisher. My main interests are in “big picture” investment issues – asset allocation, strategy and fund selection – but I also invest in private and listed equities where I see exceptional opportunities.

In 2017 I founded and edited the first edition of the Investment Trusts Handbook, an annual educational publication, and since April 2020 have hosted a free weekly podcast about investment trusts on the Money Makers website, reflecting the growing popularity of investment trusts among private investors. I am a Member of the Chartered Institute of Securities and Investments with a Level 6 professional private client investment management qualification, but do not offer individual investment advice to readers.

Reg Hoare – Specialist Investment Trusts and Funds investor

Reg has extensive experience investing in Investment Trusts and Funds.  He has gained over 30 years City experience, initially gained with 11 years in investment banking and securities, principally at SG Warburg and Nomura. He switched to financial PR in 1995, and specialises in advising mid market companies, from FTSE 250 to AIM 100 across a number of sectors, and has a long track record of advising in complex situations including IPOs, fund raisings, M&A, crises and restructurings. He also served for 8 years as a Board member of the Investor Relations Society, Europe’s leading body for investor relations practitioners.