We believe the invasion of the Ukraine, on top of the havoc wrought by lockdowns, marks a paradigm shift, or at least an acceleration of emergent trends, towards greater localisation of supply chains and tangible investment into energy, infrastructure and defence. It also challenges the arbitrary, and at times counterproductive, moral score-carding approach adopted by large swathes of the asset management industry towards companies that are economically, and therefore socially, critical. If these forecasts prove to be correct, the market implications would be significant. Investors will once more be required to 'care' about company valuations and the price paid for a stream of cash flow - in a manner that has been somewhat elusive over the last decade.
Janus Henderson Investors
David Watts is an Associate Director on the UK Retail Sales team for Janus Henderson Investors. David joined Henderson's client services team in 2004 and assumed his current position in 2008. He is responsible for discretionary and advisory client relationships in the London and Southern England sales regions. David holds the Investment Management Certificate (IMC) and has 19 years of financial industry experience.
Janus Henderson Investors
Matthew Frost is Director, London Discretionary Sales at Janus Henderson Investors, a position he has held since 2019. He joined as associate director, sales as part of the firm’s acquisition of Gartmore in 2011. In his current role, Matthew is responsible for discretionary and advisory client relationships in the London region. He joined Gartmore in 2000 and worked in a number of roles with the UK retail sales team before being promoted to discretionary account director in 2010. Matthew began his career with Westpac in 1990.
John Bennett is Director of European Equities at Janus Henderson Investors and Portfolio Manager on the Janus Henderson Continental European and Pan-European long-only and long/short strategies. John has held these roles since 2011 when his previous company, Gartmore, was acquired by Henderson. Prior to Gartmore, he served as fund manager at Global Asset Management for 17 years. During this time, he managed their flagship European long-only and European equity long/short hedge funds. Before this, he was a fund manager at Ivory & Sime. John has 36 years of financial industry experience.