On Wednesday 24th May, we held our annual Investor Update at our offices on Sackville Street. Clients and friends of the firm joined us for an afternoon of presentations given by the Investment Team, before drinks and an exhibition of photographic works by Naomi Baker and Linnea Rheborg, the two Getty Images interns we have been supporting over the past year.
James Spence and Fergus Shaw led the presentations commenting on the world as we see it, updates to our investment strategies and global themes that we will be following in the coming year, before being joined by the full Investment Team for Q&A. In particular, James and Fergus were keen to mention the below points:
- Uncertainty in investment should not of itself be feared. It is the locus of investment returns.
- Valuations require attention, but the biggest risks reside in so called “safe” assets such as bonds.
- Several changes in allocation in the past 12 months: notably the sale of gold and US inflation linked bonds.
- The addition of a China small cap specialist to portfolios and a new investment in Funding Circle, which channels credit to smaller scale commercial enterprises.
Following the investment presentations, Naomi and Linnea joined us for drinks. On display, we had a series of their highlighted works taken at national and international sporting events since August 2017, including the ATP World Tour Finals, Blenheim International Horse Trials and The 2018 Winter Paralympics at PyeongChang, South Korea.
Please see below for a selection of the images included in the exhibition: