Sebastian Lyon & Charlotte Yonge (Troy) - Evolve to Preserve
Description
Sebastian Lyon and Charlotte Yonge co-manage Personal Assets Trust and Troy’s Multi-Asset strategy. We discuss the strategy’s evolution over the last 25 years, Troy’s equity-centric approach to multi-asset investing, and why creating a resilient portfolio is as relevant as ever in today’s world.
Show notes:
[01:34 ] Founding philosophy
[04:21 ] Avoiding complexity
[07:25 ] Reasons for not owning derivatives
[08:45 ] Charlotte’s career
[10:41 ] Becoming co-manager
[12:35 ] How Sebastian and Charlotte complement each other
[16:43 ] Avoiding wasting assets
[19:19 ] Finding opportunities with asymmetric risk
[21:44 ] Hubbell and Verisign
[24:45 ] Evolution of fixed income investments
[27:08 ] Shortening of duration
[31:00 ] Will the US$ remain a safe haven?
[34:55 ] Attractions of the Japanese Yen
[36:11 ] Gold as essential portfolio insurance
[38:44 ] Does the macro impact asset allocation?
United States
