Why Invest?

In this episode, host Luke Hyde-Smith sits down with Alyx Wood, Chief Investment Officer of Kernow Asset Management, to explore his unconventional approach to investing and why he believes today's UK market presents a rare opportunity for active managers. From starting his investment journey at just 15 years old to building a boutique investment firm focused on long-short equity strategies, Alyx shares the experiences and lessons that have shaped his distinctive investment philosophy.The conversation delves into how Alyx identifies opportunities others overlook, why shareholder analysis has become a critical edge in his process, and how behavioural biases create attractive investment opportunities. He also discusses the changing structure of markets, the rise of passive investing, the advantages of taking a long-term perspective, and why some of the best investment opportunities emerge when sentiment is at its lowest.This podcast is issued by W1M Wealth Management Limited which is authorised and regulated by both by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN, with firm reference number 120776 and the U.S. Securities and Exchange Commission of 100 F Street, NE Washington, DC 20549, with firm reference number 801-63787. Registered in England and Wales, Company Number 02080604.The information provided in this podcast is for information purposes only and W1M Wealth Management Limited does not accept liability for any loss or damage which may arise directly or indirectly out of use or reliance by the client, or anyone else, on the information contained in this recording. This podcast should be used as a guide only is based on our current views of markets and is subject to change.The information provided does not constitute advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular wealth management or investment objectives, strategies, tax status or investment horizon.All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Why Invest? Luke Hyde-Smith is joined by Advika Jalan, Head of Research at MMC Ventures, to explore how artificial intelligence, stablecoins and blockchain are reshaping venture capital. They discuss what makes early-stage investing different, why technology companies are scaling faster than ever, and the opportunities and risks investors should consider when accessing private markets. The conversation also looks beyond the technology itself. Advika Jalan explains why successful AI businesses will still need strong customer value, specialist expertise and effective distribution, as well as the human judgement required to put powerful technology to work.This podcast is issued by W1M Wealth Management Limited which is authorised and regulated by both by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN, with firm reference number 120776 and the U.S. Securities and Exchange Commission of 100 F Street, NE Washington, DC 20549, with firm reference number 801-63787. Registered in England and Wales, Company Number 02080604.The information provided in this podcast is for information purposes only and W1M Wealth Management Limited does not accept liability for any loss or damage which may arise directly or indirectly out of use or reliance by the client, or anyone else, on the information contained in this recording. This podcast should be used as a guide only is based on our current views of markets and is subject to change.The information provided does not constitute advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular wealth management or investment objectives, strategies, tax status or investment horizon.All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Why Invest? host Luke Hyde-Smith is joined by Gemma Wright, Partner at CVC and a member of its sports, media and entertainment team, to explore the growing role of private equity in sport, entertainment and media.The conversation explores how investment can help sporting organisations strengthen their commercial capabilities, improve digital content and reach new audiences, while preserving the heritage and loyalty that make sport distinctive. Gemma also discusses the importance of working within existing sporting ecosystems, rather than fragmenting them, and explains how operational expertise can support sustainable, long-term growth.Looking beyond traditional sport, the discussion considers opportunities across video gaming, live entertainment, music and digital platforms, including the changing media-rights landscape and the growing influence of streaming, data and AI. Gemma also shares her outlook for the sector, highlighting the continued growth of women’s sport and the enduring appeal of live experiences and passionate fan communities.Key takeawaysSuccessful sports investment starts with the fans – Sustainable commercial growth comes from improving the experience for fans, creating more relevant content and distributing it through the channels they want to use.Private equity can provide more than capital – investors should support its sports partnerships through strategic guidance, board-level challenge and access to experienced operators.Women’s sport and digital distribution offer significant opportunities – Rising participation and audience interest are creating momentum across women’s sport, while streaming, social media, direct-to-consumer channels and AI are changing how content reaches fans.This podcast is issued by W1M Wealth Management Limited which is authorised and regulated by both by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN, with firm reference number 120776 and the U.S. Securities and Exchange Commission of 100 F Street, NE Washington, DC 20549, with firm reference number 801-63787. Registered in England and Wales, Company Number 02080604.The information provided in this podcast is for information purposes only and W1M Wealth Management Limited does not accept liability for any loss or damage which may arise directly or indirectly out of use or reliance by the client, or anyone else, on the information contained in this recording. This podcast should be used as a guide only is based on our current views of markets and is subject to change.The information provided does not constitute advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular wealth management or investment objectives, strategies, tax status or investment horizon.All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Why Invest? host, Luke Hyde-Smith is joined by Alex Wright, Partner and Global Wealth Strategist at Apollo, one of the world's largest private markets investment firms. Together, they explore the evolution of private markets, Apollo's growth from a specialist credit investor to a firm managing more than $1 trillion of assets, and the increasing role private capital is playing in financing major global trends.The discussion covers the key opportunities and risks across private credit, private equity and infrastructure investing, including why private markets can offer diversification, potential alpha and broader investment opportunities beyond public markets. Alex shares his views on the current private credit landscape, the importance of disciplined underwriting, the impact of higher interest rates on borrowers, and why he believes investors should look beyond headlines when assessing the sector.Luke and Alex also discuss the growing collaboration between banks and private capital providers, the investment opportunities created by the global infrastructure and AI build-out, and how investors can think about portfolio construction in a world of concentrated public markets. The episode concludes with Alex's outlook for the years ahead, thoughts on the future convergence of public and private markets, and practical career advice for those considering a career in finance.Key takeawaysPrivate markets continue to expand as investment opportunities move beyond public markets – with many companies choosing to remain private for longer, investors may be missing a significant portion of the opportunity set by focusing solely on public markets.Discipline matters more than ever in private credit – while parts of the market have attracted negative headlines, Alex argues that strong underwriting, conservative lending standards and careful manager selection remain critical.A global infrastructure and AI-driven investment cycle is underway – from energy networks and supply chains to data centres and AI infrastructure, the world's demand for capital is growing rapidly.Diversification may be increasingly important in concentrated markets – with strong performance from a small number of companies driving much of the public market's returns.This podcast is issued by W1M Wealth Management Limited which is authorised and regulated by both by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN, with firm reference number 120776 and the U.S. Securities and Exchange Commission of 100 F Street, NE Washington, DC 20549, with firm reference number 801-63787. Registered in England and Wales, Company Number 02080604.The information provided in this podcast is for information purposes only and W1M Wealth Management Limited does not accept liability for any loss or damage which may arise directly or indirectly out of use or reliance by the client, or anyone else, on the information contained in this recording. This podcast should be used as a guide only is based on our current views of markets and is subject to change.The information provided does not constitute advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular wealth management or investment objectives, strategies, tax status or investment horizon.All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Why Invest? host Luke Hyde-Smith is joined by macro hedge fund manager, economist and author Eric Lonergan. The conversation explores the importance of market psychology, asset-price behaviour, position sizing and risk management, as well as the need to look beyond short-term market narratives.Eric shares his perspective on the current investment environment, including the changing relationship between equities and bonds and the opportunities and risks created by the rapid growth of AI-related investment. While optimistic about AI’s long-term potential, he considers how rising capacity and leverage could contribute to a future credit cycle and potentially deflationary shock. Key takeaways-      A successful macro investor needs to understand economics, asset-price behaviour and psychology. Eric argues that economics is relevant only some of the time, while position sizing, trade structure and managing the balance between gains and losses are critical to long-term success.-      Investors must distinguish between normal market conditions and periods of fundamental change. Eric describes an “80/20” framework: markets spend much of their time in relatively stable economic conditions, but the most important task is recognising the periods when a major economic shift can overwhelm established investment models.-      AI may deliver major breakthroughs while still creating an investment and credit cycle. Eric is highly optimistic about AI’s potential, but believes rapidly expanding capacity, duplicated investment and growing leverage could eventually create a supply-demand mismatch and a deflationary shock.  This podcast is issued by W1M Wealth Management Limited which is authorised and regulated by both by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN, with firm reference number 120776 and the U.S. Securities and Exchange Commission of 100 F Street, NE Washington, DC 20549, with firm reference number 801-63787. Registered in England and Wales, Company Number 02080604.The information provided in this podcast is for information purposes only and W1M Wealth Management Limited does not accept liability for any loss or damage which may arise directly or indirectly out of use or reliance by the client, or anyone else, on the information contained in this recording. This podcast should be used as a guide only is based on our current views of markets and is subject to change.The information provided does not constitute advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular wealth management or investment objectives, strategies, tax status or investment horizon.All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Hosted on Acast. See acast.com/privacy for more information.