May 29, 2020
In this episode, I talk with Emiel Van Den Heiligenberg. He is the Head of Asset Allocation at one the world’s largest asset managers, Legal and General. His fund is one of the fastest growing multi-asset funds and has been a top quartile performer over the last five years. In his own word, Emiel replaced rowing with French Fries, but has continued to instill the teamwork from his rowing team into his investment team. We covered lots on the podcast including:
1. Why markets have recently
rallied
2. The earnings challenge for equities and his preference for
credit
3. The dominance of tech and tactical picks in equity laggards
4. The Thucydides trap for US-China and the risk of messy
transitions between hegemons
5.How COVID could accelerate populism
6.The Dutch concerns around EU integration
7. Permanent scarring of the global economy from COVID
8. Re-opening approaches that minimize economic impact
9. Current favourite trade ideas
10. How to structure and manage teams for success
11. The pitfalls of managing a team in lockdown
You can follow Emiel’s and his team’s thoughts on the LGIM blog here.