Monday 21st February 2022, 6.00pm – 9.30pm
6pm Welcome and Mello news
6.05pm Company Presentation by Frenkel Topping plc
6.35pm David Stredder interviews Judith MacKenzie
7.05pm Company Presentation by MJ Hudson
7.45pm Introduction to Momentum Global Investment Management
7.55pm Why we fall for stock market charlatans – Mark Simpson
8.10pm Company Presentation by React plc
8.40pm BASH with Kevin Taylor and Damian Cannon
David Stredder interviews Fund Manager Judith MacKenzie, Downing
Judith MacKenzie, Partner & Head of Private Equity
Judith joined Downing in October 2009. Previously she was a partner at Acuity Capital managing AIM-quoted VCT and IHT investments and a small-cap activist fund. Prior to Acuity, Judith spent nine years as a senior investment manager with Aberdeen Asset Management Growth Capital as Co-Fund Manager of the five Aberdeen VCT, focusing on technology and media investments in both listed and private companies. Judith is a non-executive director of the Quoted Companies Alliance and is an active member on boards both in the private and public arenas. Judith founded Downing Fund Managers in 2010, the boutique investment arm of Downing LLP.
Company Presentation – MJ Hudson (LON:MJH)
MJ Hudson is a one-stop-shop specialist service provider to the US$100 trillion+ asset management industry, with a focus on its fastest growing segment, alternative investments (which includes private equity, venture capital, real estate, and hedge funds.)
As outlined at IPO in December 2019, our growth strategy is to develop and acquire new products and services that are needed by our core customer base of asset managers and institutional investors and to extend this customer base in the key markets of North America and Europe. Our strategy benefits from the underlying expansion of the alternative investment subsector and the continuing and growing need for outsourcing and specialist advice, as regulation and competition makes operating more challenging for our clients.
Founded in 2010 by CEO Matthew Hudson (a lawyer and former alternative assets fund manager), MJ Hudson has grown quickly to now support more than 1,000 clients, including 18 constituents of the FTSE 100. Our business is transatlantic, with clients clustered around the major asset management centres of Europe and North America. Our team of 240 works out of 11 offices in those same centres.
For more information, please visit our website: investors.mjhudson.com/
Matthew Hudson is CEO and founder of MJ Hudson. Matthew has over 30 years of private equity experience, both as a lawyer and as an investor. Matthew is a well-known industry figure, regularly speaking on new developments concerning the alternative assets industries, and has authored the leading texts of “Funds: Private Equity, Hedge and All Core Structures”, and “Fund Managers: The Complete Guide”, both published by Wiley Finance.
Peter is CFO of MJ Hudson. He is responsible for all aspects of the group’s financial operations, which includes: provision of financial, strategic input to the board; financial management and compliance oversight; and liaison with external stakeholders, including investors, bankers and auditors. Peter is also responsible for arranging and administering group insurances.
Odi is the COO of MJ Hudson. He is responsible for the data & analytics division, the investment consulting business, and technology strategy. Odi also acts as the Executive Sponsor for ESG and Sustainability for the group. He is a Member of the Executive Committee and Chair of the Operations Committee and the Environmental Sustainability sub-Committee and is a non-voting Director of the MJ Hudson PLC Board. Odi has c.25 years of professional experience as an actuary, primarily working in institutional investment and risk, with a focus on strategy and alternative investments.
Company Presentation – REACT (LON: REAT)
REACT is a leader in the specialist cleaning, decontamination, and hygiene sector. Our purpose is to rapidly return customers’ property to safe, clean, operational use through regular specialist cleaning and emergency response to potentially harmful incidents.
The core business includes regular deep cleaning regimes in the health service, on parts of the rail network and the highways; emergency call-out work to respond to trauma, anti-social behaviour, and other hazardous incidents across a range of sectors including working for some of the industry’s largest facilities management (“FM”) firms. 80% of revenue is contracted and recurring.
Work undertaken has tangible value; the cost of not being able to operate a train, open a hospital ward or occupy property is material, hence the work REACT does is valued and operates at higher margins than regular cleaning.
A strong balance sheet, great customer relationships and growing demand for national coverage positions REACT well to materially improve shareholder value through continued organic growth and selected M&A.
Mark Braund, Chairman; appointed December 2020 having worked with the Group as its strategic & operational advisor throughout the turnaround period. Mark has a strong track record of leading teams through sustainable and profitable change and materially improving shareholder value. Mark has significant experience across a number of business sectors, both UK and overseas. He has been the CEO of two AIM listed businesses, the most recent being RedstoneConnect Plc., leading the team through a well-documented turnaround, the profitable sale of legacy assets and the development/carve-out of an exciting software technology business, now known as Smartspace Software Plc.
Company Presentation – Frenkel Topping Group (LON: FEN)
Frenkel Topping Group is a long-established family of businesses who are tried, tested and trusted. Always available to provide advice and technical support to our legal clients and those they represent. We support lawyers and their clients with a concierge approach to anything they may need throughout the litigation journey. Our services include expert witness reports, advice from our specialists on welfare benefit entitlement and personnel injury trusts, cost management, holistic financial planning, fund management, accountancy advice, care & case management, talent planning and training. Our approach is bespoke and delivered with care, compassion, and integrity.
Richard Fraser, CEO
I have been a part of Frenkel Topping for 28 years having joined as a director in 1991. I am currently chief executive officer for the company, and my main role is managing the strategy of the group and the innovation, development and profile of the business.
The most rewarding part about working at Frenkel Topping for me is being able to both help our clients and build strong relationships with the staff.
My brother broke his back falling out of a window at university in 1986, when he was only 18. He has been paralysed from the waist down ever since. To this day my mum cannot look at a photograph of Andy pre-accident. This has given me a good insight into the effect a catastrophic injury can have on an individual and their family. This gave me the drive to make sure Frenkel Topping delivers the best, most transparent service possible to our clients.
Mark Simpson – Why we fall for stock market charlatans
Mark Simpson has been investing in individual stocks since 2003. Over the last decade Mark has generated a 19% compound annual return following a Value methodology vs a FTSE All-Share Total Return Index that has returned less than 8% over the same period. He has achieved this out-performance by developing a strategy that plays to his unique strengths and overcomes his weaknesses, in particular finding practical ways to overcome behavioural biases. His book Excellent Investing describes this approach and how investors of all types can generate higher and more consistent returns by developing their own strategy that plays to their strengths and overcomes their weaknesses.
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 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.
The Mello BASH (Buy, Avoid, Sell & Hold)
Kevin Taylor Professional Private Investor
Damian Cannon Private Investor
Hardman & Co is a multi-disciplinary financial consultancy and investment research firm, employing highly experienced analysts and professionals with a broad range of capital markets expertise.
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