Investment Uncut

Epizódy

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  S7 Ep.40: Sam Gray - can you make money in healthcare? 15.07.2026 18min

  Healthcare is one of the UK's largest and fastest-evolving sectors, driven by an ageing population, technological innovation and growing demand for care. But beyond the headlines, where are the most compelling investment opportunities, and why has healthcare become such an attractive area for private equity? In this episode, Letty and Aaron are joined by Sam Gray, Portfolio Manager at Apposite Capital, to explore the investment case for UK healthcare. Together, they discuss how to identify opportunities across the sector, the trends shaping the market, and why healthcare can offer the potential to deliver both attractive long-term returns and better patient outcomes.
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  S7 Ep.39: The Quick Take - What do the FIFA World Cup and global investing have in common? 09.07.2026 18min

  In this episode of The Quick Take, Aaron and Jacob sit down with LCP's Investment Partner Amlan Roy to unpack the surprising insights from his latest research on the 48 nations competing in the expanded FIFA World Cup. From demographics and education to migration, gender equality, and governance, they explore the hidden forces shaping economic growth — and where the world's next investment opportunities may emerge. Why do some countries thrive while others fall behind? And why are demographics only part of the story?
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  S7 Ep.38: Hitakshi Mehra - can India become the next global growth engine? 01.07.2026 22min

  India has been one of the world's fastest-growing major economies over the past two decades, but its representation in Emerging Market Indexes has significantly reduced as valuations have been lower and South East Asian countries have seen their markets surge due to their AI Technology Stocks. As global supply chains shift, demographics evolve and economic reforms continue to reshape the country, is India becoming the next global growth engine? In this episode of Investment Uncut, Letty and Aaron are joined by Hitakshi Mehra, Investment Specialist for Emerging Market & Asia Pacific Equities at J.P. Morgan Asset Management, to explore the investment case for India.
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  S7 Ep.37: The Quick Take on SpaceX IPO, the implications for markets and those that invest 24.06.2026 21min

  In this episode of The Quick Take, Aaron, Letty and Jacob discuss the launch of the Space X’s IPO. It just shattered records with the largest IPO in history, and the Investment Uncut podcast is breaking down what it means for your portfolio. In just 20 minutes, Aaron and Letty debate whether SpaceX's astronomical valuation is a generational opportunity or a dangerous Fear of Missing Out trap. They dive into why the Nasdaq fast-tracked the stock while the S&P 500 locked it out, how the unique rolling lock-up schedule will trigger massive price swings, and whether Elon Musk is simply too big to govern while running four mega-companies at once.
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  S7 Ep.36: Football - Bart Huby & Jacques Foex: How to run a successful football club? 09.06.2026 24min

  Most football clubs lose money, yet American investors continue to pour capital into the game. What are they seeing that others are missing? And can data and analytics help turn football clubs from passion projects into viable investment opportunities? In this episode, we’re joined by LCP’s football analytics experts Bart Huby and Jacques Foex to explore how football is becoming increasingly data-driven. We discuss what the analytics tools aim to do, and how can analytics be combined successfully with a recruitment and commercial strategy to help successfully run a football club.
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  S7 Ep.35: The quick take on closing the gender and ethnicity pension gap 04.06.2026 14min

  In this episode of The Quick Take, Aaron and Letty discuss new research into the gender and ethnicity pension gap and what women from ethnic minority backgrounds told researchers about retirement saving, financial confidence and pensions. The findings highlight clear barriers around trust, understanding and accessibility, but also point to reasons for optimism, particularly among younger generations who are increasingly financially independent and eager to engage with their finances.
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  S7 Ep.34: Matt Lawton - Investing in the blue economy: Is there an opportunity beyond ESG? 27.05.2026 21min

  The blue economy is rapidly emerging as a major long-term investment theme, spanning everything from offshore energy and shipping to marine infrastructure, aquaculture and coastal resilience. But beyond the sustainability narrative, what are the genuine opportunities for institutional investors? In this episode, Letty and Jacob are joined by Matt Lawton, Head of Impact Fixed Income at T. Rowe Price to explore the investment case for the blue economy. We discuss where the most compelling opportunities are emerging today, and why some parts of the blue economy may become increasingly important over the next decade.
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  S7 Ep.33: The quick take on why pension decisions are emotional, not just rational 20.05.2026 15min

  Financial decisions are often presented as simple exercises in logic. Save more, plan earlier, make better choices. But in reality, our relationship with money is shaped just as much by emotion and what’s happening in our lives rather than spreadsheets and forecasts. In this episode of The Quick Take, Aaron and Letty are joined by Heidi Allan to explore why emotions, confidence and personal experience play such a big role in financial and pension decisions. And why simply giving people more simple information and often can improve financial engagement.
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  S7 Ep.32: The quick take on AI disruption in the private credit market 15.05.2026 15min

  Like it or not, AI has the potential to significantly disrupt existing businesses. That’s great if you’re invested in the companies benefiting from that shift. But what if your portfolio is exposed to businesses that could be disrupted by it instead? What’s more, what if you had a portfolio that had a large exposure to that sector?! In this episode of The Quick Take, Jacob and Letty are joined by Max Pears private credit researcher at LCP, to explore how concentrated software exposure is in private credit portfolios, what the performance and default data is actually showing and what this means for investors
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  S7 Ep.31: The quick take on Private Credit: cracks or contagion? 07.05.2026 14min

  Private credit has come under increasing scrutiny in recent months, with headlines pointing to liquidity pressures, fraud cases, and questions around underwriting standards. High-profile situations such as the collapses of First Brands and Tricolor have unsettled markets and raised concerns around systemic risk. In this episode of the Quick Take, Jacob and Letty are joined by Max Pears, private credit researcher at LCP, to unpack what’s really going on beneath the surface and answer whether the headlines are really justified.
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  S7 Ep.30: Is slugflation the new reality for investors? 01.05.2026 29min

  Markets have remained resilient despite rising geopolitical tensions but are investors underestimating the risk of stagflation, or even a more prolonged period of “slugflation”? As the Iran conflict evolves, its impact on inflation and growth could create a more challenging backdrop than markets currently reflect. In this episode of Investment Uncut, we explore with Paul Gibney, LCP investment partner, how these pressures are feeding through into the global economy, what history tells us about stagflation, and what it means for investors, from sector risks to whether markets are too complacent about a sustained low-growth, high-inflation environment aka Slugflation economy.
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  S7 Ep.29: Is the Iran war nearing an end and what it means for energy markets and investors? 28.04.2026 26min

  Energy markets have taken centre stage in driving financial markets and the Iran conflict has been a key catalyst. From oil supply shocks to unexpected market reactions, investors are being forced to rethink how geopolitical risk feeds through into portfolios. In this episode of Investment Uncut, we speak to our energy expert Sam Hollister and investment partner, John Clements, to unpack what’s been happening in energy markets, how this is affects financial markets, and what it means for investors navigating an increasingly uncertain environment. The conversation also looks at the role of energy resilience, the evolving balance between fossil fuels and renewables, and what investors should be doing to understand and manage exposure to energy-driven shocks.
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  S7 Ep.28: Danny Latham - is the UK uninvestible? 15.04.2026 22min

  Government says the UK is open for investment - pushing “productive finance”, launching reforms, and pointing to growing interest from overseas pension giants. But does the reality match the rhetoric? In this episode, we speak to Danny Latham, Partner and Head of Australia & New Zealand at Igneo Infrastructure Partners, to cut through the noise and ask the uncomfortable question: is the UK genuinely investible - or are the best opportunities still abroad?
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  S7 Ep.27: Quick Take on on what Eurobonds are telling us now 08.04.2026 16min

  The Eurozone bond market is often treated like a single pool of “Eurobonds”, but in reality, it is a vast and highly fragmented market where politics, fiscal credibility and energy exposure can move spreads just as much as interest rates. Not only that, it has the European Central Bank as a backstop for EU government debt and overarching monetary policy rules for each jurisdiction. So, how do you make sense of this market?! In this episode of The Quick Take, we break down how the market is structured, why the traditional “core versus periphery” narrative is starting to break down, and what recent moves in countries like France and Italy tell us about risk today. Finally, we discuss what all of this means for UK and European investors, and why Eurozone sovereigns may offer both diversification and additional return potential beyond gilts.
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  S7 Ep.28: Jeffrey Lin - who are the winners and losers from the AI revolution? 02.04.2026 26min

  Every technological revolution produces both concentrated fortunes and quiet casualties. The critical question is not whether AI will reshape the economy, but who will capture the economic surplus it creates. Is this a modern gold rush, where the enduring winners are the suppliers of scarce inputs? Or is it a railway moment, where early capital providers overspend, competition intensifies, and returns accrue later to operators who consolidate and optimise? In this episode, we speak to Jeffrey Lin Head of Thematic Equity at M&G to discuss the economic structure in the AI value chain and find out who is likely to win when the dust settles.
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  S7 Ep.25: The Quick Take on the Collective Defined Contribution (CDC) Market 25.03.2026 13min

  industry look for new ways to deliver more sustainable and predictable retirement outcomes. In this episode of the Quick Take, Aaron and Letty are joined by Laun Middleton, Partner at LCP, to explore how CDC works in practice and what lessons can be learned from the Netherlands. We discuss how the UK has taken on board the lessons learned from CDC pensions internationally, in particular how UK CDC was developed to better incorporate how risk is managed and shared. Finally, we touch on what recent reforms in the Dutch system could mean not just for pensions, but for financial markets more broadly.
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  S7 Ep.24: Pensions UK - supporting UK growth with Ian Connatty and Andy Gregory 19.03.2026 23min

  “If you look at the structure of the UK market, only around 10% of the venture fund capital comes from pension funds (compared with 70% in the US). Increasing pension fund participation creates a win-win-win: makes more capital available for companies; supports the creation of bigger vehicles for the venture community, and gives pension funds an opportunity to deploy long term capital that can be transformative for the ecosystem.” Ian Connatty. In this episode, we explore how institutional investment can support UK growth. To help our conversation, we’re joined by: Ian Connatty, Managing Director of the British Growth Partnership. Ian sets out how frameworks can help investors think about venture capital allocations, and what it will take for investment in UK growth to really take off. Andy Gregory, CEO of the British Growth Fund. Andy gives us his take on place based investing and outlines how the challenges when allocating to UK assets can be addressed. This episode is in a three-part mini-series of Investment Uncut, covering some of the key themes being discussed at the Pensions UK Investment Conference 2026. Check out our other two episodes, focussed on aligning strategy with today’s market environment and navigating the energy transition.
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  S7 Ep.23: Pensions UK - aligning strategy with today’s market environment 18.03.2026 20min

  “In general, very few geopolitical shocks particularly, conflicts or regime changes, have a meaningful impact on markets over the long term. There are short term issues but from our perspective we think about the bigger picture. We make sure that we are taking a consistent level of risk which generate returns.” Ryan Boothroyd. In this episode, we explore how to see through the noise of today’s market environment to make effective investment strategy decisions. To help our conversation, we’re joined by: Ryan Boothroyd, Head of External Management at Border to Coast Pensions Partnership. Ryan gives us insights into how he thinks about geopolitical vs market risk; whether we’re in “bubble territory” on asset prices; and how to apply local objectives to a global opportunity set. Zuhair Mohammed, Head of investment at LCP. Zuhair shared his key takeaways from this year’s Pensions UK conference and reflects on the discussions around the current economic environment as well as how investors can think about opportunities and risks as they look ahead to the rest of the year. This episode is in a three-part mini-series of Investment Uncut, covering some of the key themes being discussed at the Pensions UK Investment Conference 2026. Check out our other two episodes, focussed on supporting UK growth and navigating the energy transition.
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  S7 Ep.22: Investment Uncut: Pensions UK - Navigating the energy transition with Caroline Lucas and Clay Lambiotte 17.03.2026 21min

  “When we’ve got situation where around £50bn a year is spent through [pension] tax reliefs ... Given that’s coming from general taxation, I think it’s entirely legitimate that actions are taken that are in line with the general direction of government. And most governments thankfully do want to address the climate and nature crisis.” Caroline Lucas In this episode, we explore how to navigate the evolving landscape of the energy transition. To help our conversation, we’re joined by: Caroline Lucas, former Leader of the Green Party of England and Wales. Caroline gives us her take on her debate with Michael Gove on the right approach to net zero, sets out the delicate balance between responsible stewardship and interference with corporate & political decision-making and gives an insider view on the political debate around delivering a low-carbon economy. Clay Lambiotte, Partner at LCP. Clay explains how the drivers for the energy transition are changing at pace, outlines the common barriers to investing in this space, and highlights progress we should look out for next. This episode is in a three-part mini-series of Investment Uncut, covering some of the key themes being discussed at the Pensions UK Investment Conference 2026. Check out our other two episodes, focussed on aligning strategy with today’s market environment and supporting UK growth.
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  S7 Ep.21: How can “gender lens” investing benefit economic growth? 04.03.2026 24min

  What does investing have to do with gender? Potentially more than you think! This week’s episode, in honour of International Women’s Day, focuses on gender-lens investing: what do we mean, what does it look like, what can investors do next and why does it matter to everyone? We unpick the three strands of gender-lens investing, covering investment for, in and by women, as well as tackling common misconceptions. Recognising that there is no such thing as a gender-neutral investment, this is all about being intentional on the exposures and impacts that your investments have. To help us unpick these themes, we’re joined by Isabella Craft, ESG and Impact Manager at ImpactA Global. She brings her experience from various emerging markets approaches, to really bring to life the nuances in this space.