Tuesday 15th June 2021
4.00pm - 8.00pm
4.00 pm Jonathan Davis, Editor of the Investment Trusts Handbook
4.15 pm Company presentation by Vietnam Holdings
4.45 pm Company presentation by BB Healthcare
5.15 pm Ed Shing
5.30 pm Company presentation by Impax AM
6.00 pm Company presentation by Sterling Investments
6.15 pm Company presentation by Downing Renewables and Infrastructure Trust
6.45 pm Company presentation by Antler
7.00 pm Company presentation by Golden Prospect
7.30 pm Investment Trusts &Funds Investor Panel
Jonathan Davis presents Investment Trusts and Funds in 2021
Jonathan will be reviewing the Investment Trusts and Funds industry and identifying key trends and investment ideas for 2021.
Jonathan Davis, Editor of the Investment Trusts Handbook
Jonathan Davis, the editor of the Investment Trusts Handbook, says: “I am greatly looking forward to introducing and hosting the Q and A session at the Mello Investment Trusts and Funds event. Investment trusts are the connoisseur’s choice when it comes to investing in funds and for good reason are becoming increasingly popular with private investors. This is a great opportunity to explore what is happening in the sector and where it might be heading”.
A former regular columnist on The Independent and Financial Times, Jonathan launched the annual Investment Trusts Handbook five years ago and it has since been purchased or downloaded more than 20,000 times. He also hosts the free Money Makers weekly investment trust podcast with Simon Elliott, head of Investment trust research at Winterflood Securities and runs the Money Makers circle, a membership group for investment trust investors. His current commitments include advising the wealth management firm Saunderson House in the City of London and assorted non-executive and consultancy work. He is a qualified Member of the Chartered Institute for Securities and Investment and the author of four books on investment themes.
Company Presentation – BB Healthcare Trust plc
BB Healthcare Trust plc is a high conviction, long-only investment trust invested in listed or quoted global healthcare equities. It is unconstrained and able to invest regardless of market cap, sub sector or region, and the portfolio is concentrated with a maximum of 35 holdings. The target total dividend in the first financial period is 3.5 pence per ordinary share (to be paid mostly out of capital) and in subsequent financial years will be set at 3.5 per cent. of net asset value at the end of the preceding financial year (to be paid mostly out of capital). BB Healthcare has an annual redemption option in order to assist with discount control and directors’ fees (for UK-based directors) are paid in shares. BB Healthcare is managed by Bellevue Asset Management (UK) Ltd. which has built a successful track record in this sector.
Paul Major, Portfolio Manager and Director
Paul has 18 years of experience in the healthcare sector on the sell-side and was top-rated by a number of institutional investment clients. He was one of the first research partners at Redburn, Europe’s leading independent research firm. His work there included bespoke projects on healthcare portfolio construction for several institutions. Paul was previously an analyst and corporate financier at UBS Warburg and studied biochemistry.
Company Presentation – Antler
Antler is a global early-stage venture capital firm that invests in the defining technology companies of tomorrow. The firm has offices globally across most major entrepreneurial hubs, including in London, Berlin, Stockholm, New York, Singapore, and Sydney.
Founded in Singapore in 2017, Antler is on a mission to fundamentally improve the world by enabling and investing in the world’s most exceptional people by supporting our portfolio companies with deep business model validation and providing them with a global platform for scaling. To date, Antler has invested in 27 companies in the UK, and over 300 companies globally across 30 different industries. 42% of the UK based portfolio companies have at least one female co-founder.
Antoine is a partner at Antler – a global early stage venture capital firm. Prior to joining Antler, he was the co-founder, chairman, and COO of StanPlus Tech – a VC backed startup leading the change in the Indian medical transportation market. Before his MBA at INSEAD, Antoine spent 8 years at Areva, scaling deep technologies from the lab to the commercial scale across the globe.
Company Presentation – Impax AM
Founded in 1998, Impax is a specialist asset manager, with approximately £32.2bn / US$44.5bn as of 30 April 2021 in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable global economy.
Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt.
The company seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking superior risk-adjusted returns over the medium to long term.
Impax has ca. 190 staff across six offices in the United Kingdom, the United States, Ireland and Hong Kong, making it one of the investment management sector’s largest investment teams dedicated to sustainable development.
Ian Simm is the Founder and Chief Executive of Impax Asset Management Group plc, one of the world’s leading investment managers dedicated to investing in the transition to a more sustainable economy. Impax, which Ian founded in 1998, currently manages ca. £30 billion in listed equity, private equity and fixed income strategies, primarily for institutional owners. Prior to Impax, Ian was an engagement manager at McKinsey & Company advising clients on environmental strategy.
Outside Impax, Ian is a member of the UK government’s Net Zero Innovation Board, which provides strategic oversight of public sector funding of energy innovation programmes. He is also a board member of the Institutional Investors Group on Climate Change, the European membership body for investor collaboration on addressing climate change, a member of the Energy & Climate Change Board of the Confederation of British Industry, and a Commissioner with the Energy Transitions Commission. Between 2013 and 2018 he was a board member of the Natural Environment Research Council (NERC), the UK’s leading funding agency for environmental science.
Ian Simm, Founder and Chief Executive
Company Presentation – Sterling Investments
Sterling Investments is a London based fund management boutique investing in business with a purpose. The firm seeks capital growth by investing in high quality UK companies that are below the radar of larger funds.
Every year, the firm meets hundreds of companies but invest only in a handful of management teams that have an ownership mindset.
The firm manages a UK domiciled UCITS Fund called MI Sterling Select Companies Fund which has been investing in UK companies since 1963, making it the 18th oldest Fund in the UK. The Fund has turned £1000 into £1 mn, and more since inception. Other performance figures and information is available on: www.sterlingim.co.uk
After completing his B.Eng (Electrical), Melwin followed his passion of equity investing. He has been a stock picker in various setting – wealth manager, private equity, family office and hedge fund. Over the last 21 years, he has met in excess of 250 companies annually, operating in diverse industries. He analyses businesses on a bottom-up basis, focusing on companies ignored or misunderstood by other mainstream institutional investors. He invests with a long term ownership mindset and seeks multi-baggers. He has been the Portfolio Manager of the Fund since October 2017.
Company Presentation – Downing LLP
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 www.doretrust.com
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 www.downing.co.uk
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 Presentation – Vietnam Holding
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.
Craig Martin – Chairman of Dynam Capital
Craig has been involved in Vietnam for over 26 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 – Golden Prospect Precious Metals
Golden Prospect Precious Metals Limited is a closed-ended investment company incorporated in Guernsey which provides a listed entity whose shares are traded on the London Stock Market for investors to gain exposure to the Company’s investment strategy within the gold and precious metals sector. The Company offers investors a diverse basket of precious metal producers, developers and explorers, reducing specific geopolitical or operational risk. It invests in small and mid-capitalisation precious metal equities, providing an additional potential for capital growth. The precious metals sector is recovering from a sustained period of under investment, which has led to declining production by the largest producers. The Investment Managers believes this will lead to an increase in acquisitions over the next couple of years, supporting higher equity valuations for potential targets. The Company remains weighted to smaller, single asset companies which typically trade at a significant discount to their larger peers and this allows them to be acquired by larger producers on an accretive basis.
Robert Crayfourd is a co-Fund Manager for CQS Natural Resources Growth and Income plc, Geiger Counter and Golden Prospect Precious Metals.
Prior to joining CQS in 2011, Rob was an analyst at the Universities Superannuation Scheme and HSBC Global Asset Management where he focussed on the resource sector. Rob is a CFA charterholder and holds a BSc in Geological Sciences from the University of Leeds.
Keith Watson is a co-Fund Manager for CQS Natural Resources Growth and Income plc, Geiger Counter and Golden Prospect Precious Metals.
Keith joined CQS in July 2013 from Mirabaud Securities where he was a Senior Natural Resource Analyst. Prior to Mirabaud, Keith was Director of Mining Research at Evolution Securities. Previous to this, he was a top-ranked business services analyst at Dresdner Kleinwort Wasserstein, Commerzbank and Credit Suisse/BZW. Keith began his career in 1992 as a portfolio manager and research analyst at Scottish Amicable Investment Managers. Keith holds a BSc (Hons) in Applied Physics from Durham University.