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Top 30 Under 30: the biggest challenges of millennial managers

From increasing regulation to generating income, our Top 30 under 30 stars of 2018 reveal the issues they need to overcome in their roles

From regulation to robo to the (low) return on risk assets, the stars of our Top 30 Under 30 2018 explain what are the biggest challenges they face

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From regulation to robo to the (low) return on risk assets, the stars of our Top 30 Under 30 2018 explain what are the biggest challenges they face

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Fred Mahon, JM Finn

'Identifying the effect the technology revolution will have on the companies we invest in and whether they can maintain and strengthen their barriers to entry in such an environment.'

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Scott Goodrum, Brooks Macdonald Asset Management

'I think robo advisors are a big challenge as the investment management industry seems to have taken a while to really embrace technology and automation.

'That said I still think that a significant proportion of clients will always require a certain tailoring of their portfolio for various reasons.

'It should also not be forgotten how many clients appreciate having someone who they can contact to talk through their portfolio or the wider economic environment.'

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Carly Moorhouse, Mazars Wealth Management

Moorhouse says the biggest challenge is handling the ‘increasing perception among investors that active management does not represent good value for money’.

She stresses the importance of going with your gut instinct and selling out of funds that you do not feel comfortable with, even if the fundamentals are supportive.

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Emma Corbishley, UBS Wealth Management

'The biggest challenge is balancing client requirements for long-term returns, short-term income and liquidity against a backdrop of uncertain macroeconomics, increased regulation, fee pressure and competition from passives.'

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Guy de Zulueta, Killik & Co

He says the biggest challenge facing his role at the moment is Mifid II. He comments: ‘While I am certain it will bring benefits, in certain areas it undermines client confidence in the industry.’

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Ryan Lightfoot-Brown, Chelsea Financial Services

'The lack of financial knowledge among young investors. Very few of my friends know much about investing - even Isas are a mystery to them.

'As such, they are vulnerable to the clutches or traditional, high-fee institutions which build distrust and reduce the likelihood to save.'

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Jenny Renton, Ruffer

She says the biggest challenge in her role is balancing administration duties and the ever-changing regulatory requirements with focusing on clients, portfolios and investment.

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Alex Chappell, DB Wood

'Producing a 4% from a low risk portfolio. High risk is easy to allocate, but there is very little diversification left in the current market environment and many of the traditionally “defensive” assets have significant downside risks.'

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Theo Wyld, JM Finn

He says the biggest challenge he is currently facing is finding value in an expensive market.

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Ian Woolley, Hawksmoor Investment Management

At the moment, he says ‘attempting to marry the long-term nature of investing in businesses with the short-term focus and demands of clients’ is his biggest challenge.

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Nicholas Thompson, Redmayne Bentley

Thompson describes ‘reaching out to investors who are my age’ as the biggest challenge in his role, with the Financial Conduct Authority’s Financial Advice Market Review having highlighted a lack of consumer engagement with financial advice.

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Will Dickson, P1 Investment Management

Dickson says the biggest challenge he faces in his role is ‘communicating investments clearly, efficiently and in an engaging way to clients and advisers’.

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Stuart Chilvers, Rathbones

The biggest challenge he is facing in his role is the ‘potential for a monetary policy mistake by a major central bank’, as they look to try and normalise interest rates after a decade of them being at record lows.

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Jamie Innes, Tribe Impact Capital

He says the biggest challenge he faces in his role is changing attitudes towards social impact investing, which is Tribe’s focus.

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Emma Saunders, Rathbones

‘Navigating through an environment which is very different from before. Following years of accommodative monetary policy, we are now entering a rate hiking cycle – and with the unwinding of QE, we are in unprecedented territory.

'It will be important for fund selectors to pay close attention as to how managers navigate through this period, in order to select the best opportunities.'

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