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Artwork for The Trust Show

The Trust Show

Citywire
Spacex
Edinburgh Worldwide
Saba Capital
Performance
Buybacks
Biotechnology
AI In Software
RTW Investments
Hgcapital
Iceye
Europe
Share Price
NAV
Troy Asset Management
Canadian National
Alphabet
Gold
Japanese Government Bonds
Gain
Inflation

Citywire's Trust Show brings investors the latest news and analysis on the world of investment trusts.

PublishesMonthlyEpisodes72Founded6 years ago
Number of ListenersCategories
InvestingBusiness

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Artwork for The Trust Show

Latest Episodes

Seraphim Space CEO Market Boggett defends largest holding and shares fresh deployment plans after £137m raise.

Investors could fund the highly anticipated listings of SpaceX and Anthropic – plus the numerous others on the horizon – by selling the Magnificent Seven giants that have long dominated markets.

Head of Client Services at European and US software investor Hg, manager of HgCapital, defends the sector against rapid AI advancement.

The Lindsell Train manager defends his high-conviction approach that has been ‘wonderful on the upside but painful on the downside’. Despite falling far behind the benchmark in recent years, Train said that ‘in a world of ETFs and index huggers, it i... more

RTW’s Oliver Kenyon unpacks the biotech opportunity as pioneering companies move into commercialisation, and explains why he thinks the sector still looks attractively valued.

The Edinburgh Worldwide chair fended off accusations made by Saba Capital ahead of its impending vote to remove the board later this month, defending the £750m trust’s sale of SpaceX and his personal involvement in the FCA’s largest ever fine against... more

Personal Assets’ newest manager looks back on a busy 2025 in a conversation spanning stickier-than-expected inflation, Yen exposure and why the trust won’t be investing alongside crypto’s ‘nefarious actors’.

Alex O’Cinneide, fund manager of Gore Street Energy Storage, denounces the pressure petro states brought to bear on the climate change summit but says the global growth in renewable energy storage is unstoppable.

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Recent Guests

Mark Boggett
CEO and founder of Seraphim Space
Seraphim Space
Episode: Seraphim’s Boggett ‘unapologetic’ about near-40% ICEYE holding
Mike Seidenberg
Manager of Allianz Technology Trust
Allianz Technology Trust
Episode: Allianz Tech: Wave of trillion-dollar IPOs could dethrone tech leaders
Luke Finch
Partner and head of client services at HgCapital
HgCapital
Episode: Luke Finch: AI progress is a ‘win win’ for HgCapital
Nick Train
Leading UK asset manager; head of Lindsell Train UK and Global Equity Funds; CEO/manager of Finsbury Growth & Income Investment Trust
Lindsell Train, Finsbury Growth & Income Investment Trust
Episode: Nick Train: Worse-ification is the route to mediocrity
Jonathan Simpson-Dent
Chair of Edinburgh Worldwide
Edinburgh Worldwide
Episode: Edinburgh Worldwide’s Simpson-Dent fends off Saba accusations
Charlotte Yonge
Co-manager of Troy Asset Management's All Weather Personal Assets Trust
Troy Asset Management
Episode: The Trust Show with Charlotte Yonge

Host

Lottie Edwards
Host of The Trust Show

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Talking Points

Recent interactions between the hosts and their guests.

Allianz Tech: Wave of trillion-dollar IPOs could dethrone tech leaders
Q: What are your thoughts on the US as the dominant tech hub and how that influences your investment approach?
The guest emphasizes that the US remains the core tech infrastructure hub with broad international exposure among public companies, but cautions that geographic domicile does not equate to where revenues are generated and notes strategic importance of global capital markets.
Allianz Tech: Wave of trillion-dollar IPOs could dethrone tech leaders
Q: How does the Allianz Technology Trust decide whether to participate in very high-valuation AI companies like OpenAI, Anthropic, or Databricks?
They will perform thorough due diligence, build financial models, and assess risk-reward relative to existing holdings and multi-year growth prospects, rather than joining based on hype or headline valuations.
Allianz Tech: Wave of trillion-dollar IPOs could dethrone tech leaders
Q: What do you think about the SpaceX IPO and its potential impact on the market and the fund's holdings?
The guest notes the excitement and scarcity around such a large IPO, acknowledges the potential for it to span multiple sectors, and says the decision would hinge on whether the risk-reward aligns with long-term investor benefits and whether it fits the fund's valuation framework.
Luke Finch: AI progress is a ‘win win’ for HgCapital
Q: What are the areas Hg invests in and how does AI play into that?
He outlines focus areas like payroll, ERP, and regulatory software, plus tech-enabled services and B2B data, and discusses how AI tooling can be embedded into these core systems to boost productivity and data value.
Luke Finch: AI progress is a ‘win win’ for HgCapital
Q: Welcome, Luke. Could you start by introducing yourself and the HgCapital Trust?
Luke explains his role in HgCapital, the structure of HgTrust as the largest LP in Hg's buyout funds, and how the Trust invests in Hg's funds while aiming to realize value for investors.

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Frequently Asked Questions About The Trust Show

What is The Trust Show about and what kind of topics does it cover?

This show focuses on investing trends, markets, and the mechanics of the investment trust and asset-management landscape. Recent episodes combine deep dives into portfolio strategy with timely debates on AI's role in finance, UK equity opportunities, biotech cycles, and governance or activism in funds. Guests range from senior investors and fund managers to industry commentators, offering practical perspectives on performance, risk, and value creation in software, healthcare, consumer staples, and financial services. The show tends to fuse macro context with granular examples from current holdings, exits, and corporate actions, making it useful for professional listeners seeking actionable takeaways on how to navigate evolving markets and i... more

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Which podcasts are similar to The Trust Show?

These podcasts share a similar audience with The Trust Show:

1. Money Makers
2. The Wealth Show
3. Investors' Chronicle
4. Far From The Finishing Post
5. On The Money

How many episodes of The Trust Show are there?

The Trust Show launched 6 years ago and published 72 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on The Trust Show?

Recent guests on The Trust Show include:

1. Mark Boggett
2. Mike Seidenberg
3. Luke Finch
4. Nick Train
5. Jonathan Simpson-Dent
6. Charlotte Yonge

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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