About this episode
Ranmore Global Equity (IE00B61ZVB30) is a value fund that has grown very quickly over the past 18 months. In June 2024, it had a $300mn portfolio, but by January 2026 this had hit $1.5bn.The fund’s manager, Sean Peche, talks to Val Cipriani about how he finds underappreciated and undervalued stocks, why he doesn’t meet company CEOs, and why buying and holding ‘forever’, a strategy favoured by star managers Terry Smith and Nick Train, no longer works in today’s rapidly changing world.Timestamps00:00: Intro03:17: Three ways to get returns in markets and from companies07:05: Value investing08:31: Why I don’t meet CEOs10:57: ‘Buy and hold forever’ doesn’t work in a rapidy changing world15:22: A ‘fresh sheet approach’ and Qualcomm17:40: The Magnificent Seven19:21: Investors are starting to turn away from the US23:09: Alternatives to the US24:35: Terry Smith and passives26:15: Greggs29:01: Diageo31:31: EasyJetInvestors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities. Investors' Chronicle is a service by the Financial Times. Hosted on Acast. See acast.com/privacy for more information.
