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Money Makers

Jonathan Davis
Investment Trusts
Saba Capital
Private Equity
Interest Rates
Donald Trump
Corporate Governance
Inflation
Mergers and Acquisitions
UK Equity Market
Gold
Renewable Energy
Tariffs
Spacex
Emerging Markets
Artificial Intelligence
Rachel Reeves
Trump Administration
Baillie Gifford Shin Nippon
US Economy
U.S. Economy

Home of the free Money Makers Investment Trust Podcast with Jonathan Davis, covering the latest developments in investment trusts. Subscribe now on your favourite podcast app to make sure you catch every edition! Keep up-to-date with Money Makers via Twitter - @MoneyMakersITs - and visit the website for more details, including our premium service, the Money Makers Circle: www.money-makers.co.

PublishesWeeklyEpisodes382Founded10 years ago
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Artwork for Money Makers

Latest Episodes

In this edition of the Money Makers Investment Trusts Podcast, Jonathan Davis, editor of the Investment Trusts Handbook (winner of the AIC Best Broadcast Journalist Award 2024 and 2025), is joined once again by Ben Conway, head of fund management at ... more

Laurence Hulse, manager of the Onward Opportunities Trust (ONWD) joins Jonathan Davis, editor of the Investment Trusts Handbook (winner of the AIC Best Broadcast Journalist Award 2024 and 2025), for a discussion including the performance and strategy... more

YouTube

In this edition of the Money Makers Investment Trusts Podcast, Evy Hambro, manager of BlackRock World Mining (BRWM) discusses, amongst other things, the trust's exceptional performance, the impact of global factors, and the AI-driven commodity demand... more

YouTube

Andrew McHattie, editor of the Investment Trusts Newsletter, returns to the Money Makers Investment Trusts Podcast this week, discussing developments with Jonathan Davis, editor of the Investment Trusts Handbook (winner of the AIC Best Broadcast Jour... more

YouTube

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Recent Guests

Laurence Hulse
Manager of ONWD Opportunities
ONWD Opportunities
Episode: 335: Money Makers Investment Trusts Podcast - Laurence Hulse (30 May 2026)
Ben Rogoff
Manager of Polar Capital Technology
Polar Capital Technology
Episode: 332: Money Makers Investment Trusts Podcast - Ben Rogoff (09 May 2026)
Stuart Widdowson
Manager of Odyssean Investment Trust
Odyssean Investment Trust
Episode: 327: Money Makers Investment Trusts Podcast - with Stuart Widdowson (11 Apr 2026)
Jasmine Yeo
Manager of the Ruffer Investment Trust
Ruffer Investment Company
Episode: 326: Money Makers Investment Trusts Podcast - with Jasmine Yeo and Charlie Morris (04 Apr 2026)
Carlos Hardenberg
Manager of the Mobius Investment Trust
Mobius Investment Trust
Episode: 325: Money Makers Investment Trusts Podcast - with Peter Hewitt and Carlos Hardenberg (28 Mar 2026)
Adrian Brown
Chairman of BlackRock Energy Resources Income
BlackRock
Episode: 324: Money Makers Investment Trusts Podcast - with Tom Holl and Adrian Brown (21 Mar 2026)
Tom Holl
Manager of the BlackRock Energy Resources Income trust
BlackRock
Episode: 324: Money Makers Investment Trusts Podcast - with Tom Holl and Adrian Brown (21 Mar 2026)
Paul Fokes Davis
Chairman of the management company that runs Nippon Active Value Fund (NAVF)
Nippon Active Value Fund / NAVF
Episode: 322: Money Makers Investment Trusts Podcast - with Paul ffolkes Davis (07 Mar 2026)
Ben Guest
Lead manager of the Gresham House Energy Storage Fund
Gresham House Energy Storage Fund
Episode: 321: Money Makers Investment Trusts Podcast - with Ben Guest (28 Feb 2026)

Hosts

Jonathan Davis
Founder and host of the show, focused on investment trusts and sector dynamics.
Andrew McHattie
Editor of the Investment Trusts Newsletter, provides sector insights and analysis.

Reviews

4.8 out of 5 stars from 164 ratings
  • An excellent source of up to date news and commentary

    I have been listening for about 6 months now and it has now become a dog walking staple. Jonathan has demystified the world of trusts and i also enjoy the perspective of his guests, albeit that some of them have an interest in pushing their particular trust. Over the last 2 years I have been gently increasing my pension pot exposure to trusts from open ended funds and to date this has been a positive move. But who knows what’s around the corner! I am also a subscriber and enjoy the additional re... more

    Apple Podcasts
    5
    Jono golf
    United Kingdom8 months ago
  • Brilliant podcast

    Fascinating and informative content. The format has changed from the early days and now majors on interviews with investment trust managers and analysts.

    Apple Podcasts
    5
    Richardvw63
    United Kingdoma year ago
  • KoЯn

    Is this Jonathan Davis from KoЯn

    Apple Podcasts
    5
    Sentent Eyeball
    United States2 years ago
  • An excellent source of up to date news and commentary

    I have been listening for about 6 months now and it has now become a dog walking staple. Jonathan has demystified the world of trusts and i also enjoy the perspective of his guests, albeit that some of them have an interest in pushing their particular trust. I have been gently increasing my pension pot exposure to trusts from open ended funds and to date this has been a positive move. But who knows what’s around the corner! I am also a subscriber and enjoy the additional resources available on t... more

    Apple Podcasts
    5
    Jono golf
    United Kingdom2 years ago
  • AKS

    If you follow investment trusts, this podcast

    Is a must to listen to. News, education and insight. I learn something new every week.

    Apple Podcasts
    5
    Old git..
    United Kingdom2 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Audience-friendly and accessible without sacrificing depth; a go-to for trust investors.
High-quality guests who provide actionable takeaways for portfolio positioning.
Insightful, practical and expert-heavy; great for investors focused on trust dynamics.
Balanced mix of macro context and trust-level details; valuable for governance discussions.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#234
United Kingdom/Business

Talking Points

Recent interactions between the hosts and their guests.

335: Money Makers Investment Trusts Podcast - Laurence Hulse (30 May 2026)
Q: You mentioned a two-way dynamic in demand and private equity interest. Do you see more of these opportunities coming from private equity or corporate buyers, and what does that mean for ONWD's investment thesis?
He notes a mix of buyers in the market, including private equity and strategic corporate buyers, with several takeouts in the portfolio and ongoing speculation about others. This supports the thesis of identifying undervalued businesses with the potential for takeovers or strategic growth, particularly in UK small caps and AIM
335: Money Makers Investment Trusts Podcast - Laurence Hulse (30 May 2026)
Q: What policy or regulatory factors have most affected your portfolio and the market for UK smaller companies, and how do you view the government's stance toward growth?
Laurence expresses frustration with government policy, calls out the lack of incentives for growth, and discusses budgets and jawboning that affect investor confidence and the ability of smaller businesses to raise capital. He emphasizes the need for clearer guidance and supportive policy to enable growth and listings.
335: Money Makers Investment Trusts Podcast - Laurence Hulse (30 May 2026)
Q: So starting out bravely to build a reputation and a viable long-term vehicle. Could you remind us of your background and how you became the manager of a newly listed investment trust?
Laurence describes his time at Gresham House and ESCT Management, the experience of stock-picking, building products for clients, and ultimately resigning to launch ONWD Opportunities; he highlights the learning curve, early capital raises, and the belief in focusing on small-cap, AIM opportunities as a viable strategy.
334: Money Makers Investment Trusts Podcast - Evy Hambro (23 May 2026)
Q: Obviously, you've built up a significant gold exposure; what is your view on whether the gold cycle has room to run and how the mining companies' margins might fare if prices stay around current levels?
Gold is seen as a durable hedge against currency debasement and high government balance-sheet burdens. Hambro argues margins in gold mining can stay robust if energy costs are contained and if production costs remain below the gold price, while acknowledging that macro conditions and energy costs can influence near-term volatility.
334: Money Makers Investment Trusts Podcast - Evy Hambro (23 May 2026)
Q: So my first question to Evy when we sat down to discuss the performance of the trust and where we go from here was to ask him how he explained the very strong performance of the last 12 months and to give us a brief answer as to whether or not he thinks that significant performance can be maintained.
The manager attributes the 12-month strength to a mix of one of the strongest investment thrusts in gold and copper, ongoing demand from AI-related capex, disciplined capital management, and a favourable environment for dividends and buybacks, with expectations that the momentum in dividends and returns can continue given profitability and balance-sheet strength.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About Money Makers

What is Money Makers about and what kind of topics does it cover?

This show consistently centers on investment trusts, with deep dives into sector dynamics, governance, discounts to NAV, and practical portfolio implications. Episodes frequently feature senior fund managers and editors who discuss market structure, activist campaigns, and thematic areas such as AI, renewables, infrastructure, and energy with a focus on trust-level outcomes, discounts, and NAV trends. Noteworthy is the blend of macro context, governance commentary, and concrete trust examples, plus guest experts who offer hands-on perspective for investors navigating volatile markets. For potential listeners, the format tends to be data-driven, with actionable takeaways on discounts, yield, and strategy across both established and niche tru... more

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Which podcasts are similar to Money Makers?

These podcasts share a similar audience with Money Makers:

1. Investors' Chronicle
2. Merryn Talks Money
3. On The Money
4. AJ Bell Money & Markets
5. MoneyWeek Talks

How many episodes of Money Makers are there?

Money Makers launched 10 years ago and published 382 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 Money Makers?

Recent guests on Money Makers include:

1. Laurence Hulse
2. Ben Rogoff
3. Stuart Widdowson
4. Jasmine Yeo
5. Carlos Hardenberg
6. Adrian Brown
7. Tom Holl
8. Paul Fokes Davis

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