During this webinar Sebastian Lyon and Charlotte Yonge, managers of the Trojan Fund, Trojan Ethical Fund and Personal Assets Trust, discuss why investors need to unlearn the lessons of the last decade. Investors started 2023 with a ‘buy-the-dip’ mentality. Recent market weakness is now reflecting a growing realisation that the cost of capital is structurally higher.
Sebastian and Charlotte discuss the portfolio’s current equity weighting in the context of a changed environment for both valuations and earnings. They speak to where they are finding the best opportunities in markets, and why the lag between rate rises and a recession is necessarily extended.
Please note that the webinar is for UK investors and professional investors only in Ireland.
Sebastian is Troy’s Chief Investment Officer and is responsible for Troy’s Multi-Asset Strategy. He is the Senior Fund Manager for the Trojan Fund and Investment Manager of Personal Assets Trust.
Sebastian began his career in 1989 at Singer & Friedlander Investment Management. Joining Stanhope Investment Management (the management company for the GEC Pension Fund) in 1995, he jointly managed the £2 billion equity portfolio and the Fund’s asset allocation. He was appointed Director in 1999, and in 2000 he left to establish Troy. Gaining his BSc in Politics from Southampton University, Sebastian holds the ASIP qualification and is an Associate Member of the CFA Society of the UK.
Charlotte is the Assistant Fund Manager of the Trojan Fund and Personal Assets Trust and Fund Manager of the Trojan Ethical Fund, with responsibility for multi-asset coverage and the analysis of global companies and their selection for Troy’s portfolios.
Charlotte joined Troy in 2013 from Ruffer Investment Management, where she worked as an Investment Associate. Graduating from Cambridge with an MA in Modern Languages, Charlotte holds the CISI Diploma and is a CFA Charterholder.