185: RIT Capital Partners: Global, Unconstrained, Undervalued? A Conversation with Maggie Fanari (RIT CEO)
Founded in 1971 as the Rothschild Investment Trust, RIT Capital Partners PLC, continues today with a mandate to preserve and grow capital across generations through a multi-asset, global and unconstrained strategy.
As one of the UK’s largest investment trusts, with total assets of approximately £4bn (over 20% of which is owned by family members), RIT targets CPI + 3% as one of its benchmarks, aiming to meet those real return objectives for long-term wealth preservation.
In this conversation Maggie explains the asset allocation, where private assets represent 30% of the assets, public equities at 40%, and uncorrelated nearly 20%.
She discusses their approach to the asset classes, the network of partners that offers them unusual access, why Hedge Funds play an important role and how they look at currency exposures and hedging and to whom such an approach makes sense.
Finally, she assesses the 30% discount to NAV, which although part of a wider UK problem, might seem unusually compelling, and the actions they are taking to try to close the gap.
NOTE - This podcast was recorded in September 2025, and therefore all RIT data is provided as at 31/08/2025. Statistics cited in this description by Simon are all approximations and for general information purposes only. Please find RIT’s regulatory disclosures here. Money Maze Podcast disclaimer here.
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184: From Westminster to Silicon Valley: A Connected World at Risk - Sir Nick Clegg on threat to Global Connection in the Age of AI & Political Conflict.
It’s not every guest who would admit in their new book, with brutal honesty, “I’ve been vilified, satirised, protested against- a hate figure both on left and right.”
But it is also uncommon, if not without precedent, for someone who has led their political party, been deputy Prime Minister for 5 years, to then re-invent themselves, chameleon-like, move to silicon valley and join the senior ranks of one of the world’s most successful technology companies, Meta.
Before he discusses his new book “How to Save the Internet - The Threat to Global Connection in the Age of AI and Political Conflict,” Nick explores power and politics, ambition and insights.
He speaks about content moderation and removing Trump from Facebook, the balkanisation of the Internet, and why AI might not be the existential arrival feared by some.
He laments Europe’s failings, US tech dominance, why China is an immense technology force, and what is needed to achieve cohesion amongst the democratic powers in developing a tech roadmap.
The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors, World Gold Council and LSEG.
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183: How Good of a Communicator Are You? Messaging, Reputation, Trust & Strategy in the Age of AI - With Jen Prosek, CEO and Founder of Prosek
Today’s episode started as “Good Investor, Poor Communicator”, but as we researched this topic ahead of the conversation it became a bigger theme than simply, why at times, great investment managers are often less effective communicators.
In this conversation, we explore how communication is changing; first in the asset management community as firms adapt, and acknowledge the importance of their brand, through to the newer ways they seek to communicate, explain and position their enterprises.
Jen then expands into other incredibly important areas for young and old. In an A.I integrated world why the power of the spoken word assumes greater importance.
The tension of “literacy vs oracy”, how to think about “nailing the narrative”, “battle the sea of sameness”, “approach people in the hallway”, “navigate a tough capital-raising environment”, deal with “glass ceilings” and maintain “humility”.
And, of course, the two most important words in business…
The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors, World Gold Council and LSEG.
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182: Private Credit: Hype, Hazard, or the Next Big Thing in Long-Term Growth? With Huw Van Steenis, Vice Chair of Oliver Wyman.
When someone speaks with a deep of understanding of the banking and finance systems, is widely respected, and then expresses a strong but debatable view, about a developing asset class, we think it’s important to hear that voice and to challenge and distil its key messages.
So in this episode we welcome back a former guest who appeared on the MMP in March 2023 during the banking storm, during with Silicon Valley Bank and then Credit Suisse. His conclusion was unequivocally that this was no repeat of the 2008 GFC, as has been proven.
In addressing his recent report from Oliver Wyman, titled “private credit is reshaping wealth portfolios”, we wanted to challenge him on several issues, including; Is it that innocuous? Is this a trend which will serve big private asset firms at the expense of individuals? How about bad times and souring loans? Does the loss of liquidity matter? Are we swapping risks from the regulated banking sector to the unregulated world of the giant private market firms?
And so Huw and I face off in a discussion on the risks and opportunities that are the hallmarks of this fast-growing slice of the investing world.
The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors, World Gold Council and LSEG.
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181: Wisdom From the Battle Hardened: Timeless Life & Career Insights from Top Global Executives
Enjoy a variety of career tips & life lessons from finance leaders in this compilation special.
This episode brings together some of the most insightful lessons and perspectives we’ve gleaned from past guests, covering everything from life wisdom to industry-specific strategies.
You’ll hear from an extraordinary lineup, including Peter Frankopan, Ron Biscardi, Luba Nikulina, and James Anderson.
But that’s not all—we’ve also included insights from Michael Manning, Stephen Roberts, Marcie Frost, Mark Boggett, and Chrsitina McGuire. We hope you find this useful!
The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors, World Gold Council and LSEG.
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The world of finance has a huge impact on all of us. This show aims to explore and unravel some of the mysteries surrounding the investing business, via interviews with masters of the real life money maze.
Expect tips for mastering capital allocation, making better business decisions, strategies for taking your career to the next level, and revelatory profiles of leading industry figures.
Whether you're a current or aspiring investment professional, a regular investor, or a student exploring career options, we hope you gain some helpful insights and enjoy the shows. Thank you for listening!
Visit our website to learn more & access further content: moneymazepodcast.com
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