In this episode, Ian is joined by Ross Davies, Head of Real Estate at CapGen, to discuss the role of ESG in the real estate industry, including:

• The evolution of ESG requirements since the 1990s
• The impact of government regulation, and what this means for the future of commercial property across developers, occupiers and asset owners
• The impact of US policies on UK real estate and the diverging approaches to ESG

In this standalone episode, Ian is joined by Quintin Price, Chair of our Asset Allocation Committee, and Donald McFarlan, Portfolio Management Director, to discuss the investment implications of the conflict in Iran, including:

1. What has happened, what are the implications and how should investors respond?
2. How have markets reacted and what impact has that had on our portfolios?
3. What are the longer-term possibilities for the conflict and what could this mean for asset allocation?

In this episode, Ian is joined by Kate Russell, Managing Director of Tellus Natural Capital and Dimitri Zenghelis, Chair of our Responsible Capital Committee, to discuss:

1. The importance of natural capital in the economic system
2. Incorporating natural capital in economics and the role of technology and AI in measuring ecosystems
3. The UK's progress on natural capital

In this episode, Ian is joined by Dimitri Zenghelis, Chair of our Responsible Capital Committee and Senior Associate at the Cambridge Institute for Sustainability Leadership, to discuss the evolving landscape of responsible capital, including:

1. Trump’s impact on the progress of sustainability
2. The transition to electrification and renewable energy and China's strategic lead in these sectors
3. The progress of natural capital in the UK

In this episode, Ian and Robert discuss:

1. 2025 recap: how should we reflect on market performance in 2025?
2. Private markets: have private markets recovered and how did our portfolios perform?
3. Opportunities: how did the opportunities we previously highlighted perform in 2025 and what are the key opportunities for the year ahead?

In this episode, Ian is joined by Ali Akay, Chief Investment Officer of Carrhae Capital, an investment manager specialising in emerging market equities, to discuss:

1. How a chance conversation about the ex-prime minister of Turkey led to Ali’s career in investing
2. How Carrhae’s best-in-class emerging market equity selection process sets them apart
3. An example of how Carrhae’s investment philosophy works in practise

In this episode, Ian is joined by Mario Acquistapace, Investment Research Associate Director at CapGen, to discuss emerging market equities, including:

• An overview of the current landscape, how they've performed and the associated risks
• Our manager selection process
• Carrhae Capital's investment strategy and the rationale behind choosing them as a partner

In this episode, Ian and Robert discuss emerging market equities from a macro perspective:

• Market overview: how have emerging market equities performed over the past year and how do we classify them?
• Portfolio context: what is their role in portfolios and what are the risks?
• Investment strategy: what are the pros and cons of active vs passive approaches?