A Day in the Life of a Fund Manager
2020 ж. 26 Ақп.
264 508 Рет қаралды
We follow Lowland Investment Company manager James Henderson to find out what a day in the life of a fund manager looks like
Morningstar Guest: James Henderson - Manager, Lowland Investment Company
www.morningstar.co.uk
"Just chilling and reading the news... For a 1.9% unguaranteed return."
Hey dont question thy master, he's been doing this since 1990
It means he is really good. Actually. If you know at all about finance & investing
Been doing it since 1990... and still producing a lower return than the rate of inflation😎
Since 2000 he's more than quadrupled the dividend and increased capital almost 2.5 times.
@@annacomnena217 What yield was it to begin with? Also is that growth of capital or just newly acquired capital?
Lol, from 2010-2019, this fund has had an annualized return of 12,81%. That's literally exactly equal to the return on the MSCI USA IMI Index (USD) (NET) index.
Actually that's what I thought, but turns out its yield is 6.55%, as the manager said it's an income fund. So the 6.55% yield with the annualised return makes for for around 8.55%, not too bad.
@@thetagang6854 Fixed income has seen better days.
This Gentleman always appears to be one of the nicest and most polite.
Because he looks so worn out by doing it for so long 😂
the fund is producing more than you think the guy is just hide to avoid tax not normal return . and the way he is polite this man is super smart.
What a very polite chap
HIS AVAILABILITY ON WHAT SAPP IS ASSURED ✅ +44 7_4_3_5_5_2_6_9_7_8💯
These comments are ridiculous. He's doing a great job.
@Matthew D.F. Probably for the 5th time or so, HE IS NOT UNDERPERFORMING. HIS BENCHMARK IS NOT THE S&P 500. THERE ISN'T A SINGLE U.S. STOCK IN HIS PORTFOLIO.
Oh man, that hunt and peck typing. This almost feels like some sort of parody
Wonderful interview
Do nothing just meeting and staring at the Bloomberg terminal the whole day. He simply puts it in fixed term deposit and received 2% pa returns.🤣 Well Done !
It's a bit more complicated than that.
@@SuperSetright yeah, plus conf call right
@@ooooopsszzz Well...if it's that easy...you should do it; The money is good.
@@SuperSetright I do, easy $130K a year.
@@therealcool1144 is that all?
So this shd be “a day in the life of a Morningstar editor”
What a lovely man
I hope we haven’t shattered this bloke’s confidence
🤣🤣😂
Bro where you are from
Lol I hope you haven't shattered yours now
3 year 1.97% annualized return? Is that a joke
High dividend yield.
Lol
Why do they show a 3year annual return. Business cycle lasts 5-10years. Seems completely irrelavent
In the current market...probably not.
Managing 378 MILLIONS £, not 100usd account...
1.97% annualised return? I can get higher returns than that with treasury bonds
1 year treasury rate is 10 bps so no
@@TuddecBMW He said bond, not bill. Unfortunately, he'd be making almost 20bps less as of today current yield.
😂😂
More of this type of stuff please.
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I've always wanted to invest in forex/stock trading, after a few trials I realized that trading without a good mentor and guidance is a waste of time and money.
I'm having a wonderful time trading with Mr Andy Calistoga. His trading system is simply the best. I traded for almost two months without making a single profit but all that changed with Mr Andy around
Money is never satisfactory because you keep looking out for more and more. I've alway learned that wealth Is created in the mind and that has helped me sites profitable opportunities when I see one.
Can you help me with his email?
(Andycali924 (ät) yahoo . čom)
some international banks offers 2.60% interest rate per annum and there are some who provides 4.50% per annum for 1 million and above deposits
Didn't watch the whole interview. My guess would be he manages a very stable, safe fund for people who want minimum risk and are willing to accept small returns. His demeanor hints at this as well: very polite, not stressed. If this were an aggressive fund demanding high returns, he would have no time for an interview and/or would be very harried/stressed-out.
F**k you and your profile name! it's not even written right and I guess your not even german
@@akwariat5278 Ach, die duldsame Linkse! LOL. Falsche Interpunktion auch: Keine groBe Buchstabe am Satzanfang? Kein Punkt am Satzende? Haha.
1.93%?
Nice guy
Seems to be a slightly different day than the one in "The wolf of wall street"
Those were stock brokers selling company shares to investors, hedge fund in simple terms is a firm full of investors
HIS AVAILABILITY ON WHAT SAPP IS ASSURED ✅ +44 7_4_3_5_5_2_6_9_7_8💯
Only slightly
his own return by means of salary and bonus would definitely be higher than 1.93%
I’m a retired fund manager now running my own money. 90% of fund managers are a waste of space.... this chap seems pretty sensible.
Hello, could you recommend me some books to learn about this topic? About stock market, hedge fund, etc... I'm new to all this so I don't know anything about it
@@gerardoricor study finance / mathematics, look into stocks start a portfolio with shares understand what effects stock market
elaborate why waste of space?
@@tomjens2046 they don’t add value, just add volatility and turnover. The statistics clearly demonstrate that the majority of fund managers do not outperform their benchmark over the long term.... a minority do and they tend to run their own firms in Mayfair but all those chumps in the big city firms are just a triumph of marketing, ego and selective memory over ability. When I used to work at one of the bigger well known firms they would have posters of the fund managers that we “hot” (lucky that year) posing with a space helmet or director’s chair looking like a master of the universe, six months later their numbers would go through the floor and somebody else’s pic would go on the wall. The joke was that if you were mentioned in the MD’s Christmas speech you’d be looking for a new job by the summer. The marketing team would just sell whatever had just had a good couple of years.... it’s all bs. I just found one of my worst ever bosses on linked-in marketing their new motivational speaking career.... you couldn’t make it up. For every Warren Buffet there are nine muppets and a heap of average performers.
@@spivvo very eye-opening.
Nice pick on Halfords
Cool guy
0:48 His benchmark is the US inflation, and even he doesn't outperform it LOL
Who Is An Investment Manager? Investment is the process of redirecting finance towards profit generation. Investment management involves the professional management of various financial securities and assets belonging to an investor for the purpose of earning maximum benefits. An investment manager is an individual who manages investors finance and focuses […]to help these clients invest their money in the best places. The Provide investment information and financial advice; works with corporate and individual clients; and maintains knowledge of a wide range of investment and financial products, including trusts, stocks, bonds, and shares.
I think when you talk about bInvestment it's the process of redirecting finance towards profit generation.
An investment manager will weigh the objectives and constraints and classify asset classes accordingly. Asset classes include financial securities (fixed income, foreign), debts, equities, currencies, and / or real estate (commercial and residential)
As an investor,what are my Do's before I can meet up an Investment Manager?
@@kelvinharry8615 Well as an investor you will need to save money first, then draw up a budget, spend wisely and invest a substantial sum towards buying high profit and potential assets or financial securities.
@@kusvahaperez2122 Following the settings of an objective for investment,does investment managers help formulate a plan for investments?
"Usually things aren't as good as you're told, and things usually aren't as bad as you're told." Yes, my man! I feel so validated. I do my volatility trading on peoples' overreactions.
Great video. We need more of these.
HIS AVAILABILITY ON WHAT SAPP IS ASSURED ✅ +44 7_4_3_5_5_2_6_9_7_8💯
Everyone’s ripping on his return which does suck but he’s in the UK. His return is still about double the British FTSE index which was essentially flat during that time because of Brexit
The fees of the fund pay for those big a** offices.
3 years annualized return of 1.97% but charge 0.65% on going fee??????
1.97% Annualized Return? wow he's like a regular savings account or time deposit or something? been a retail trader since 2018 and my 3 year annualized return is 5.22%
The book "Where are the clients yatchs" has never been more applicable.
Fund manager...... or.......get paid for good or bad advice.....win or lose......up or down....get paid....great job.....
Bloke types at 3 wpm
She said she's leaving but she went inside lol..
that's the only thing youhave to comment about ? ahahahah
Fund manager , Wow...........................................
1.97% growth ? am i missing something here
Probably a risk adverse portfolio?? So it wont take a hit through market corrections
Ill put his clients money into a 10 year government bond and save them some money on management fees
@@jackwhite7451 hahaha if they're silly enough to pay them management fees for 1.97 growth.. I'm pretty sure you can get away with charging the clients fees for government bonds lool
@@jackwhite7451 Yes negative rate bonds, smart move
They’re not going to show their strongest firms obviously
This guy probably own a yacht , mansion in Hampton , couple houses in Knightbridge , and rental in Dubai.
While making 1.97% returns with good dividends. I am fuking serious I’ve being averaging 52% returns since I started trading with my own money. Goes to show it is mostly about who you know rather than what you know. Dude makes bank in my opinion for some lousy returns.
@@marceldwayne8491 There is a major difference between trading/investing with millions/billions of dollars and trading/investing with less than 1 million. You should know that if you are claiming to be a "trader".
@@farukcatak7233 .......... No shyt. I would state anything with capitalization of less than 500 million is small cap. Once you enter into the billions it fades away. The men has 300 million dollars invested. It is quite obvious it isn’t for growth but more so concentrated with a bit of growth on the side specially with hardcore dividend returns. Everybody has a different form of strategy. To me this guy is just an average Joe with good connections. You can do better than him.
@@marceldwayne8491 52% on a tiny sum is not comparable to the billions that these guys are managing.
@@pneron2032 - He ain’t dealing with billions. Like i state in the previous comment. It should be easier for us. Which is why I don’t understand why people still loose money
Wow Halfords is up 168% since that fund manager bought it
Some very snide comments here about the Fund Manager. Wholly unjustified. He's been doing it for 30 years, not just out of High School/University like most of the posters here.
In indian market even 18yr kid makes 20% per year atleast
Yearly return: 1.97%
Instead of lowland they should change the name to lowreturn investment trust which best depicts there work
The fund's annualized return from 2010-2019 is almost 13%, do some research before you spit out your bullshit.
Halfords! ........ great buy this year ;)
If you already know what people like this or high priced lawyers make, why would you trust someone in JC Penney clothes in a shared office with your wealth? Looks aren't always what they seem but man, dress for success!
now, its daily life of a mcdonalds employee.
Savage haha
1.97% annualized returns ovr 3 years 😑😑😑😑😑😑😑😑😑😑😑😑😑😑😑😑😑😑😑😑😑😑😑😑😑😑😑 dude ur managing just 300million...
1.97% :|
Vision, is that you?
The first thing I do is check my Insta then I head out for lunch.....
can we talk about the coronavirus correction next week?
That's it, some people believe to mutch in a company. It's time to sell than, some people think to bad of a company even profits are still made than we buy. To mutch millennials want a quick buck with bitcoin or tesla, I'm more interested in Warren buffet and this manager. A lot of rich or old people just want a good and safe place for they're money, this manager will do.
Great point story should be better than valuation
janus henderson is very famous, myron scholes, the guy who was a part of LTCM & the black-scholes model, is at janus henderson, 3 year annualised return at 2% isn't necessarily bad, some riskier investments generate higher volatility but give higher rewards, in this case he stated it was an income fund, so 2% isn't that bad, but naturally it's more risk averse (less annual volatility) in exchange for reduced annual returns, also in some cases 3 year annualised returns isn't a good measurement because it may take more years than that for a value based long term investment to return value, additionally most hedge funds seek absolute returns, just because an index may do better than the fund that doesn't mean jack sht, because the index is subject to a lot of volatility that the absolute returns may not have, in addition the absolute return model seeks to never lose money, whilst the index can fluctuate very dramatically year to year, the guys commenting about the 2% annualized returns and haven't given at least this much detail have no idea what they're talking about, however, I agree 2% is probably a little low, and in my opinion if you want the fund to provide income, go into the credit market not equities, if you want to make relatively large gains with large volatility go with equities, if you're indexing like he is to be risk averse, it provides less return than credit with more risk, at least in this case, 0:54 you shouldn't be thinking of the holdings, you can think about global macro, industry, company related events, but ur analysis should've been pretty solid to even put on the position instead of having to worry about them all the time, like I said, if you want income go into a debt fund not equities
He look like Scooby Doo friend
1.97% annualized return? I wouldn't trust this guy with 75 cents to get me a coca-cola
he is not tracking the s&p500
Looks different from the series Billions. Even more different from Bobby fucking Axelrod
1:34 did he just admit to insider trading
I wanna be a fund manager
Me 2
When you do hire me.
Google CFA program,this might help
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@@edgarallan6566 I'll try but when I grow up 😂 I'm only 15
❤❤❤❤❤❤❤❤❤❤❤❤❤ 2:08
what is scary is that experience doesn't count that much in the industry once you go over a certain threshold. Warrant Buffett in his 30s and 40s would ALWAYS outperform the fund managers who might have 30+ years of experience.
Nonsense - Buffets float is effectively leverage into boring businesses
@@bigbearpiemunchy Have you studied his average return as well as the individual return of each of his holdings? That was before he had bought BRK. I am saying experience is overrated above a certain threshold.
lol 1.97% return and 0.63% on going charge.
1.9% LOL. Asset prices need to TANK and I mean TANK so that way returns will be less embarrassing 😂
Why the heck people invest in 1,97% yearly ROI? It is better than nothing, but highly risky for such a low amount. Geez, you can simoply buy a company for 5* ebidta and have 20% yearly return, how bad you must be to only produce 1.97%?
you got the price wrong for $hfd 154 not 1.54
that's in pound no pennce mate.
yeah $154 .what you mean
@@bashydee4936 no mate, its 154p, or £1.54
@@thspamed yh of course Halfords traded at £1.54, cmon give me a break go do your research at the time of the video it was £154 not 1.54 video was incorrect and so is the two of you
@@bashydee4936 no you fucking moron. UK listed equities are displayed in PENCE. So 154 indicates £1.54. Today HFD is 113.00 OR £1.13. £20.00 is indicated at 2000.00. It's not akin to the US, where it is indicated in dollars and not cents. Go get a clue.
Sell signals for me are if the stock goes down...I'm what you call a momentum monster....have you got plans for lunch lassie????
Definitely not my type of investment. We are young we have to take higher risks, no family and children yet.
Crypto, highly volatile but it has been through some serious stress tests lately
HLDFY ended up going 400%
The Suits lol
No one should need a "fund manager" managing your funds should be the same as eating and taking a shit
🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉 2:18
Man can’t even type 😂😂😂😂
1.97% annualized return? LMAO!!!!!!!!!!!!
1.9% return for the company the rest goes in his pockets
And it gone please step out of line sir we serve customers here
wif! only 1.97% return? So I am a great trader/investor than those fund managers, over 29% annually for last 6 years
Billions
What do you trade? High reward usually means high risk
Shes fine
I thought it said ‘Fraud Manager’
1.97% return?
How has no one commented on the solid investment that he pulled off by investing in halfords just before the pandemic kicked off
That's luck lol?
He is one in a million, best among many, most trusted , I almost gave up on trading then I met him through a friend, Austin is the most trusted trading expert who helped the life of my family and I ,
typing with his index fingers... $400 million company1s fund manager...
not even 2% return? just buy an index fund yourself
Fucking spot on!
AAAAAND another person that hasn't got the slightest clue of what they're talking about...
@@chengskwatalot3190 are you the trader's lover?
@@MonkeySpecs301 Nope, tell me how I'm wrong and you're right.
As the manager said its an income fund, its yield is 6.55%, add that to the annualised return and you have 8.55%, not too bad
Seriously just 1.97%?
I look at this guy....and I don't see value. I see an employee. No dissrepect to him.
This guy who can't even type with 10 fingers will depreciate your money, because return lower than inflation. But I bet makes 6 figures and drive company Porsche 911. Terrible rent seeker. No skin in the game
The fund has an annualized return of almost 13% from 2010-2019. You have no idea how stupid your comment looks.
@@chengskwatalot3190 I found different numbers. But even at 13%, after inflation it's 2% below average return of SP500. So you can still have better returns than this guy with no knowledge.
@@Aol8887 No, the annualized return on the S&P 500 from 2010-2019 is circa 11,7%. So it actually outperformed the S&P 500. Having said that, the S&P 500 isn't even its benchmark. This funds invests in UK firms only, not US firms. This fund would actually have a lot of diversification benefits when adding it to an S&P 500 ETF portfolio. And the S&P 500 may have outperformed most other country indexes from 2010-2019, but it actually underperformed in comparison to Europe and Emerging Markets indices from 2000-2010. So it's not the be-all and end-all.
@@chengskwatalot3190 Ok, you changed my mind.
long amazon short halfords wouldve been a good one
I spend most of my day getting ideas from brokers and then not paying them...
To get these jobs all you need is white skin and an ability to talk sweet, these people truly know fuck all about investing and the markets.
2% a year tf?
competitive and toxic environment
No. You're confusing them with investment bankers.
His fund made 1.97% return over 3 years. This is beyond crap.
1.9% fd better in india giving 6%
this was only 15 days before economic colapse...
Easy job. Buy a few companies read annual reports and try a predict the market.
Why don’t you do it
@@mithilmithani4990 because I dont have an Eton school education or the financial connections/ mates in the city. And I do do it for my family finances creating my portfoliod and have made 21% on average last 5 years (even with covid) And its is easy and income funds which this is just means put money here and wait for the dividends to be paid and spread them out amonst the fund holders. Time in the market is more important than timing in the market.
@@anap7830 i disagree with your last statement. I'm a quantitative analyst and our job is to make the most out of the timing. We use supercomputers and try to model the market and minimize the risk as best as we can. Timing is key because we need to make decisions within minutes or else our competitors will take our trades.
@@georgewashingtonballs5603sounds like you do more speculation rather than investing.... buy low sell high. But with fund management regardless if they do well or badly you still have to pay the fund management fee which if its over 1% can be crippling in the long term.
The performance of this fund is a joke lol. But it might be good within UK only fund
his return doesnt even keep up with inflation + fees. These guys are paying him money to LOSE money
He goes to the toilet first thing in the morning