Seneca Investment Managers Celebrates Fifth Anniversary
Seneca Investment Managers (Seneca IM), the boutique, Multi-Asset Value Investment specialist, celebrates its fifth anniversary as an independent fund management house.
Best in Class: LF Seneca Diversified Income
Chris Salih, research analyst at FundCalibre names Seneca IM’s LF Seneca Diversified Income fund as the Best in Class.
Seneca Investment Managers commentary on A380 cessation of production
Seneca Investment Managers comment on the A380 cessation of production.
Seneca Investment Managers appoints new fund manager
Seneca Investment Managers has appointed Gary Moglione as fund manager, further strengthening its investment team.
Seneca funds awarded Defaqto ratings for first time
Seneca Investment Managers announces new risk ratings from Defaqto for two of its funds
Seneca Investment Managers – Three new hires
Seneca Investment Managers expands across the business with three new hires
CityWire Money – The Expert View: Hargreaves, Royal Mail and Babcock
Seneca’s view on Babcock is listed as part of CityWire’s Expert View.
Investment Week – The UK will be OK’: Managers say ‘unloved’ market can defy ‘gloomy forecasts’
Peter suggests “The UK will be OK,” with confidence rebounding since the UK voted to leave the EU.
City AM – Seneca backs Babcock and warns against tarring support services firms with the same brush
Mark Wright discusses our investment in Babcock and why we believe this stock is fundamentally different to others in its sector.
FT Adviser – How to brace your clients for falling bond prices
Peter gives Seneca’s reasons for the current zero holding in US equities across all three funds.
Portfolio Adviser – Rise of the machines
Portfolio Adviser look at the surge in interest in artificial intelligence, following Peter’s question Is a computer going to steal my job as a fund manager?
Investment Adviser – Fund launches set to fall to decade low
With the number of new fund launches on course to hit a new low, David Thomas offers his suggestions for why this is so.
Investment Week – The big issues with ‘absolute return funds’
Peter talks of his belief in the principle of “keeping it simple” and how this is applied to how we invest.
FT Adviser – Fund managers pessimistic about global growth
Peter adds his thoughts on the outlook for the US.
Morningstar – Dollar’s fall from grace fuels emerging markets
Peter believes the US economy is due to slow by 2020, so he’s now selling stocks in the US and buying them in emerging markets.
Investment Week – Is now the time to invest in UK growth?
The outlook also bodes well for value investors, says Peter Elston.
Mail online – Star fund manager or solid team: Which strategy is more likely to bring big rewards for investors?
David Thomas explains now the team approach is applied (and works) at Seneca.
FE Trustnet – Why I abhor poor active management
Peter details the problems with poor active management and a fresh approach to benchmarking.
Wealth Adviser – Why I abhor poor active management
In Peter’s view, too many people have retirement savings invested in poor products.
Portfolio Adviser – Why I adore Gina Miller
Peter tells Louise Hill why he admires Gina Miller, a long-time critic of active management, and points the finger at large investment firms who “peddle the notion that bigger is better”.
City AM – Seneca Investment Managers causes a stir saying it will stop investing in US stocks and shares
Lucy White discusses the news that Seneca is eliminating its exposure to US equities within the Trust with Peter and the reactions of his peers.
Portfolio Adviser – Seneca Trust slashes US equity exposure
PA reports that Seneca Global Income and Growth Trust is set to scrap its exposure to US equities over fears returns in the rising market will soon begin to fall.
Wealth Manager – Five hidden UK income gems
Rich Parfect looks beyond the traditional equities and fixed interest for investments that generate income.
FT Adviser – Managers flee US shares as market hits new high
Peter Elston explains the reasoning behind cutting his exposure to US stocks to zero.
FundsNetwork – preparing for the next market downturn
Peter discusses the actions he is taking to prepare for an anticipated downturn.
Money Observer – Five alternative investment for 5% plus yields
Rich Parfect looks at income streams in infrastructure stocks.
FE Trustnet – Long-term growth prospects may be rosier than you think
Peter Elston considers the general long-term prospects for growth and what it means for value investing.
FT Adviser – Ruffer trust unrepentant about ‘dull’ performance
The defensive stance taken by Hamish Baillie of Ruffer is compared with Peter’s cautious stance on the Seneca Global Income & Growth Trust plc in expectation of a global economic downturn by 2020.
Thomson Reuters Lipper – European Fund Selector Chat – Peter Elston
In this webcast, Peter chats with Jake Moeller, Head of Lipper UK and Ireland Research at Thomson Reuters following the Lipper European Fund Selector Forum held in London on July 11, 2017 and shares his views on how Seneca construct portfolios with funds, how their portfolios are currently positioned in today’s market and how they attain durable yield in a “lower for longer” interest rate environment.
Investment Week – ‘You can’t live in Alice’s Wonderland forever’-
Lessons learnt over the past decade and what could cause the next crisis
Ten years on from Ben Bernanke’s speech warning of the potential cost of failures in the US sub-prime lending market, Peter joins several fund managers looking at the fallout from that crisis and what current indicators show.
Funds Strategy – Could passives take over actives’ market share?
Peter gives the case for active management in the latest active vs passive debate.
Morningstar – European shares gain on German business optimism
Peter is quoted in an article on rises on the day in European markets.
What Investment – US stock market: is the bubble about to burst?
A range of fund managers now agree with Peter that the US economic recovery is now very mature, which will have a knock on effect on interest and currency rates, bond yields and equities.
Portfolio Adviser – Why the next global economic contraction could be only three years away
Adam Lewis writes about Peter’s recent warning that the next global economic contraction could happen in 2020 and how he is positioning his portfolios.
Fund strategy – Which investment trust managers are tipped to be rising stars?
Monica Tepes names Peter as being in prime position to grow the Seneca Global Income & Growth Trust plc.
Thomson Reuters Lipper – European Fund Selectors Forum
Peter joins the panel to discuss portfolio construction and the macro environment.
What Investment – Where are the opportunities in UK property after Brexit?
In an exclusive article, Rich talks about the opportunities for property investors following the EU referendum result.
FT Adviser – Seneca swaps out equities for EM debt
Alan explains why we are taking profits and reducing equity positions and moving to higher yielding bond funds.
FT Adviser – Risky business as FTSE dividends rest on just six companies
Peter comments on why we concentrate on mid-caps in the UK market.
Investment Week – Managers to watch: Tom Delic
Tom is looking for “managers with stoic characteristics. It tells me they are thinking about investing in the right way”.
Fund Strategy – Seneca IM promotes fund manager in multi asset team
Tom promoted within the multi-asset team.
Portfolio Adviser – Seneca elevates Delic to fund manager
News of Tom’s recent promotion.
Investment Week – Seneca promotes Delic to fund manager on multi-asset team
Promotion of Tom Delic.
Fund Strategy – A retrospective
After 850 issues of the magazine, Adam Lewis looks back at the main issues covered including the onset of robo-advice and Peter’s question over whether the job of a fund manager can ever be replaced by a computer.
YourMoney.com – Are machines set to take over from your fund manager?
Peter sparks the debate on the repercussions for fund managers of artificial intelligence.
What Investment – Why I’m shunning US shares
Alan Borrows gives the reasons why he continues to reduce his investments in US shares.
FT Adviser – Understanding the features of investment trusts
The discount control mechanism within the Seneca Global Income & Growth Trust is discussed as part of an article on the features of investment trusts.
Investment Week – Multi-asset managers seek shelter from ‘tail risks’ as VIX rebounds from lowest level since 1993
Peter comments that volatility may stay low.
Wealth Manager – Is a computer going to steal my job as a fund manager?
Peter Elston asks “How long will it be before computers are beating the world’s best fund managers?”
FE Trustnet- Is a computer going to steal my job as a fund manager?
Peter looks at the rise of artificial intelligence within the asset management.
What Investment – Top investor: Why I prefer investment trusts for property investments
Richard Parfect gives the reasons he prefers investment trusts for investing in property.
FE Trustnet- LF Seneca Diversified Income fund becomes a top quartile performer
LF Seneca Diversified Income fund has achieved a total return of 24.91% over the 3 years to 30/04/2017, and become a top quartile performer in the Mixed Investment 20%-60% Shares sector.
FT Adviser – Third of funds run risk of closure due to lack of interest
With a third of funds with more than a three-year track record failing to attract more than £50m in assets, Tom Delic comments on the pressure on funds that are not truly actively managed and the risk of closures.
WhichInvestmentTrust.com – AIC rule change to make it easier for investment trusts to grow
David Thomas comments on the forthcoming increase in the threshold for an investment trust to issue new shares before publishing a prospectus.
Financial News – Trading places: Liverpudlian investor hires for sales push
The appointment of Helen O’Loughlin as business development consultant.
Kepler Trust Intelligence – Getting active…
David Thomas sets out our investment principles and how we invest across each of the main asset classes.
FT Adviser – Analysis: Scaling the trust fee hurdles
David Thomas adds his thoughts on the potential effects of the planned changes to the fee structures of certain investment trusts.
Investment Week – Seneca IM expands North West sales team with Premier hire
Seneca Investment Managers has added to its sales and distribution team with the appointment of Helen O’Loughlin as business development consultant.
What Investment – The UK housebuilder share with the ‘most upside’ from here
Mark chats to David Thorpe with his views on Bovis Homes.
Investment Trust Insider – Seneca: a small trust with big ambitions
Danielle Levy speaks to Seneca Global Income and Growth (SIGT) about its turbulent history and flexible, multi-asset approach.
Investment Week – Seneca’s Alan Borrows to retire at end of 2017
News that Alan has announced his intention to retire at the end of this year.
StockMarketWire – Seneca Global IGT confirms management team changes
Coverage of the announcement of Alan Borrows retirement, expected at the end of 2017.
FE Trustnet – How Peter Elston is preparing for the impending end of the bond bull market
Peter explains how our portfolios are constructed to deal with some of the pressing challenges facing investors at the moment.
Investors Chronicle – 10 investment trusts to boost your ISA
Monica Tepes of Cantor Fitzgerald offers her top tips for investing in investment trusts, including looking at the Seneca Global Income & Growth Trust plc for both income and capital growth.
What Investment – There is plenty of room for the US economy to grow
Peter is quoted in What Investment on the subject the US economy, saying that Trump’s tax cuts and infrastructure spending on top of an already strong economy will bring forward monetary tightening and thus the next downturn.
Investment Week – Why we are focusing on good value UK mid caps
Peter explains why he believes UK mid-caps have better growth expectations than UK large-caps.
What Investment – Will the UK have a recession before 2020?
In the run up to the EU referendum last June, there were divided opinions on the likely direction of the UK economy. In Peter’s view, it is possible to understand when a recession is on the horizon.
Share Radio – The Investment Trust Show: Investing for income
Share Radio’s Simon Rose was joined on the phone by Alan Borrows as well as Simon Elliot, Head of Research at Winterflood, to talk about using investment trusts to invest for income.
Which Investment Trust – Seneca strategy pays off as it reaches a significant milestone
Which investment trust looks at the five years since SIGT changed its mandate, the ambitions of the management team for the Trust and both recent and longer term developments.
Bloomberg Radio -Reflation trade alive and kicking
The business cycle suggests the reflation trade has more room to run, says Peter Elston, chief investment officer at Seneca Investment Managers. He also told Daybreak Europe’s Caroline Hepker and Markus Karlsson that inflation would be rising with or without Donald Trump.
What Investment – Why are stock markets going up so much?
UK and US stock markets are at record levels, while GDP growth rates are far flatter. Peter’s views on investing in the US are again quoted.
Trustnet – Seneca: How to find good value and income opportunities
Peter lists the sectors where the Seneca investment team is looking for income.
Citywire – Three trusts to guard against market wobbles
Matthew Read picks out three investment trusts which could offer some protection, or even benefit, should markets fall. This includes the Seneca Global Income & Growth Trust plc.
Money Observer – 14 investment trusts for income and growth in 2017
David Prosser looks to investment trusts for possible strong performance, albeit with day-to-day volatility, in a year of potential surprises.
FT Adviser – Fund buyers turn to segregated mandates as big get bigger
David Thomas stresses the need for ‘cultural alignment’ between advice firms and fund houses.
Investment Week – Seneca Global Income & Growth Trust moves to AIC Flexible Investment sector
Jayna Rana looks at the performance of the Seneca Global Income & Growth Trust plc as it celebrates the five year anniversary of changes to its investment strategy. She also looks at the transfer of the Trust to the AIC Flexible Investment sector from January 1, as well as other changes introduced over the last five years including the introduction of a discount control mechanism in 2016.
What Investment – UK property share that is a ‘compelling investment’ for 2017
Rich talks about his property exposure in the Seneca portfolios and one particular UK property stock he has been buying for its strong track record as an income stock.
Thomson Reuters Lipper – Fund Manager Chat
In this podcast, Peter discusses with Jake Moeller, Head of Lipper UK and Ireland Research, how political and macro events affected his 2016 asset allocation decisions, as well as what opportunities and threats investors may encounter in 2017.
He also outlines our value approach to multi-asset investing, the outlook for sustainability of income and the importance of technology in today’s investment environment.
Money Observer – Our 2016 investment trust tips revealed
Money Observer looks at the experts’ tips from the beginning of 2016 and how they have fared, with Alan Borrows nominating four of the most successful selections and sticking with three of them for 2017.
What investment – Top investor reveals best bond fund for market conditions of 2017
Alan has revealed the bond fund on which he is keen for 2017 market conditions.
Wealth Manager – Christmas wish lists
Richard explains why he is putting the AEW UK REIT on his list for Santa.
Investment Adviser – Multi-asset outlook
Looking forward to the first quarter of 2017, Peter shares his outlook on a range of asset classes.
FE Trustnet – Why value investors don’t have to restrict themselves to cheap stocks
Having discussed risk previously, Peter now turns his attention to value in the latest of his quarterly blogs.
FundsNetwork: A selective approach to investing in Asia
With more than 20 years’ experience living and working in the region, Peter highlights some of the investment opportunities available in Asian markets and what investors should consider.
Investment Week – The post-Brexit bull and bear case for REITs
Richard looks at the use of REITs as a route into the property sector, post Brexit.
FT Adviser: Analysts caution against confidence in inflation dip
James Carthew suggests funds, particularly the Seneca Global Income & Growth Trust plc, that are likely to weather movements in interest rates, sterling and inflation.
Wealth Manager – Trump a dangerous distraction
Peter sees the recent US election and UK Brexit votes as dangerous distractions rather than predictable events one can plan for, and considers the potential longer term implications of a Trump presidency.
YourMoney.com blog: Why you should consider investment trusts when hunting for income
The Seneca Global Income & Growth Trust plc is considered in detail, as an example of how to diversify income streams through a multi asset investment trust.
Euromoney: FX versus Trump: Too calm for comfort
Peter argues that the negative initial response to the Trump election win may quickly recover.
Professional Adviser: Prospect of Trump presidency wins mixed views from industry
Peter is optimistic about a recovery in US markets following the Trump presidential election win.
Investment Week: US election reaction: Will Trump’s bark be worse than his bite?
Investment Week asks a number of leading fund managers, including Peter, for their thoughts on the possible economic effect of a Trump presidency.
Investment Week: Seneca IM recruits head of business development from MetLife UK
Seneca Investment Managers has hired Steve Hunter from Metlife UK as its head of business development.
Investment Adviser: Mechanism can guard against discount volatility fears while enabling growth
Matthew Read of QuotedData looks at zero discount control mechanisms (ZDCMs) and, in particular, how this works with reference to the Seneca Global Income & Growth Trust plc.
Investment Adviser: Fund firms ‘will lose money’ without short-duration push
Alan Borrows gives his thoughts on short duration bond funds and the potential in equity sectors.
Bloomberg: How UK investment managers are dealing with Brexit
International investors are growing cold on UK government bonds, with some of the largest fund managers claiming that the fallout from the Brexit vote is making them more bearish. Peter discusses the wider issues surrounding this with Anna Edwards on “Bloomberg Daybreak: Europe”.
Bloomberg: Draghi’s QE silence pushes euro to March low
The euro is falling in Asian trading, sliding to as low as $1.0900 at 11.24am in Tokyo this morning, its weakest level since March. With Anna Edwards on “Bloomberg Daybreak: Europe”, Peter discusses the recent signals by ECB president, Mario Draghi, that there will be no “abrupt” end to quantitative easing.
FT Adviser: Lisa: The word on everyone’s lips
Industry delegates at FTAdviser’s Retirement Freedoms Forum heard Baroness Altmann’s assessment of the Lifetime ISA, with David Thomas also adding his views as part of a panel of experts.
Wealth Manager: Investment Committee: Peter Elston
Peter talks about our high conviction asset allocation positions within our funds and explains why we hold them.
What Investment: the two best funds for a private investor to put into their SIPP in 2016
Matthew Read from QuotedData reveals his attractive income picks, including the Seneca Global Income & Growth Trust.
FT Adviser: Chancellor told to leave pensions alone
At the FT Retirement Freedom Forum in Chepstow, David Thomas joins the debate on pensions as part of the expert panel.
What Investment: The three reasons I won’t buy any US shares for income right now, by top investor
Peter reveals the reasons why he won’t buy US shares for income growth right now.
Bloomberg: Deutsche Bank faces tough road ahead over mortgage claim
In the third video from the Bloomberg studio, Peter Elston discusses the report on the U.S. Justice Department’s investigation into Deutsche Bank’s sale of residential mortgage-backed securities and proposed $14bn fine with Anna Edwards.
Bloomberg: Is stagnation holding back the Fed from hiking rates
Former U.S. Treasury Secretary Lawrence Summers says that he sees “no compelling case” for a Federal Reserve interest rate increase in September. Peter discusses this and his outlook for equities on “Countdown”.
Bloomberg: Investing amid threats of European populism
Peter discusses the threats facing Europe and how he’s adapting his investment strategy with Anna Edwards on “Countdown”.
FT Adviser: LISA divides as herald of the death of pensions
David Thomas adds his views to the debate at a recent FT Adviser seminar in Harrogate.
Investment Week: Revealed: Finalists for the 2016 Investment Company of the Year Awards
The Seneca Global Income and Growth Trust have been shortlisted for an award, with the final results to be announced on Thursday 24 November at The Park Lane Hotel, Mayfair.
TrustNet: How risky are specialist funds?
In his latest blog, Peter Elston analyses the risks of buying funds that can diversify a portfolio in a less traditional way.
TrustNet: The three major mistakes investors must not make following the Brexit rally
Peter Elston says that investors must not fall into the trap of making consensual trades after the recent snap rally.
TrustNet: How to find stable income and an attractive yield in the current market
Investors looking for income in current market conditions need to get creative, according to Peter Elston.
Investment Week: Seneca IM’s Elston: BoE cannot boost economic growth alone
Peter Elston tells us why the British government should buy UK equities to help the Bank of England boost the economy.
Wealth Manager: Investment boutique sounds out rivals for next acquisition
David Thomas discusses his growth strategy for the firm.
Bloomberg TV “Countdown”: Will UK stocks sustain their attraction for long?
Peter Elston discusses the UK’s rising yield gap and the implications for long-term economic growth expectations.
Bloomberg TV “Countdown”: Asia remains an interesting place to invest, says Elston
Peter Elston discusses China’s latest economic data releases and the attractions of investing in Asian companies.
FundsNetwork – Navigating a low growth future
For savers, the combination of lower investment returns and rising longevity is a toxic combination. Peter Elston looks at ways to deal with this problem.
What investment: UK interest rates cut, but what are the shares to buy for profit and those to avoid as a result?
Peter Elston joins the discussion on the Bank of England’s recent decision to lower interest rates.
Investment Week: Specialist Investment Awards finalists revealed
Seneca IM have been nominated for the Multi-Manager/Funds of Funds Management Group of the Year award.
Portfolio Adviser – Global Warriors – Nine investment trusts that should change your view of the sector
Seneca’s Global Income and Growth Trust is one of nine investment trusts within the global sector offering a different approach.
Money Marketing: Hope of bargains in FTSE 250 slump despite talk of gloom
Mark Wright talks about how we are sticking with the midcap bias in the LF Seneca Diversified Growth Fund, despite recent short term falls.
Money Marketing: Watching brief: The way forward for gated property funds saga
Rich is again quoted in relation to the debate about open-ended property funds.
Mortgage Strategy: Bank of England assessing multi-asset impact of property fund gating
Rich’s quote gets pride of place in this article about how the Bank of England might deal with the issue of open-ended property funds.
Portfolio Adviser: Concept of open-ended property funds is absurd – Seneca
Our Specialist Assets specialist, Rich Parfect, notes that putting direct property in open ended structures can be problematic when investors head for the exit.
Wealth Adviser: Seneca funds added to the James Hay Investment Centre
Two Seneca IM funds, the LF Seneca Diversified Income Fund and LF Seneca Diversified Growth Fund, are now available on James Hay’s retirement wealth planning platform.
FT Adviser: Buyers confident Artemis will weather Gosden exit
With Adrian Gosden leaving the Artemis Income Fund, several fund managers offer their opinion of the potential effect on the fund. Peter points out the benefits of a team approach which minimises disruption when one individual leaves.
This is Money: ‘The world’s first DIY recession?’ Top fund manager warns investors to brace themselves
Peter Elston adds his thoughts on the Brexit results.
Investment Week: Wealth manager Brexit reaction: Long-term value will emerge from ‘collateral damage’
Peter Elston is one of several fund managers to give his reaction to the results of the EU referendum and its effect on the UK stock market.
FE Trustnet News and Research: The major long-term theme passive investors can’t afford to ignore
Alex Paget looks at Peter Elston’s stance on passive funds and why they may need to consider taking an active approach going forward.
Bloomberg TV: How concerned should investors be about Euro-zone growth?
In Countdown, Peter Elston discusses the mixed forecast for the different European markets with Anna Edwards and Manus Cranny.
What Investment: Why I’ve been buying Shell shares, by a manager with a 4 per cent yield
Alan Borrows, manager of the Seneca Global Income & Growth Trust, gives his reasons for buying Royal Dutch Shell over the past year.
MorningStar: Seneca Global Income & Growth to at least maintain quarterly dividend
Further coverage of the SIGT annual results, released on Friday 10th June.
London South East (LSE): Seneca Global Income & Growth to at least maintain quarterly dividend
Coverage of the SIGT annual results, released on Friday 10th June.
Investment Adviser: LF Seneca Diversified Income
In an article on multi asset income funds, the editor highlights the LF Seneca Diversified Income Fund as his Top Pick.
Share Radio: Investment Perspectives
Steve Clarke talks about investment strategy with Peter Elston, looking at the issue in general and the Seneca style of investing (audio link).
What Investment: Why I continue to be cautious on the US stock market, by veteran investor
Peter talks about the Seneca Income & Growth Trust and why he is currently underweight US markets.
FE Trustnet: Just how risky are equities?
In his latest quarterly blog, Peter Elston looks at equities and the risk associated with them, and considers whether they are actually riskier than bonds.
Investment Week: What is your current US allocation and how are you gaining exposure?
Peter Elston features with several other multi-asset manager commenting on their positions in US stocks at a time when interest rate rises threaten and the US presidential election campaign nears its close.
FT Adviser: Elston backs “recovering” Templeton EMD fund
Peter Elston discusses his reasons for continuing to hold Templeton’s Emerging Markets Bond Fund.
Wealth Manager Pub Club: Peter Elston
Ted Monroe meets with Peter Elston in the Philharmonic Dining Rooms in Liverpool, to talk about how he came to Liverpool, the changes he has brought to Seneca since arriving in 2014 and his views on investing in equity markets, in particular, Asia.
Professional Adviser: Meet the investment influencers: Seneca IM’s Peter Elston
In the latest of their video interviews, Professional Adviser talks to Peter Elson about his career so far, investment decisions he has made and his views on Asia, where he lived and worked for more than 20 years.
Nasdaq: Global stocks buoyed by oil, banks
Riva Gold reviews movements in the markets on Tuesday 9th May, with a quote from Peter Elston on his current market expectations.
CityWire: Investment Trust Insider
On p21 of this month’s Investment Trust Insider, fund manager and specialist assets research specialist, Richard Parfect, is quoted in relation to why we own Fair Oaks Income fund in our portfolios.
Bloomberg TV: Are there encouraging signs in China’s economy?
China reported a modest stabilization in exports this weekend as the value of the currency decreased, as well as the first back-to-back gain in foreign reserves in almost two years, suggesting the economy is steadying amid slowing growth. Peter Elston discusses the issues with Bloomberg’s Manus Cranny in Dubai and Anna Edwards in London.
FT Investment Adviser: Hidden Gem Club: Our 30 under-the-radar funds
Investment Adviser’s Hidden Gem Club highlights portfolios with potential that they feel may have not yet been unearthed by intermediaries and other fund selectors. Funds must be between £10m and £100m in size and available to retail investors. This month, they include Seneca Diversified Income in their Mixed Asset Income category.
Fund Strategy: QuotedData: Can hedge and multi-asset funds navigate choppy markets?
Greater volatility is likely to create opportunities for some investors but it will not be to everybody’s taste and some are now actively looking for strategies that aim to provide less volatile, more absolute return-focused solutions. Two areas that are sometimes overlooked are funds that offer exposure to hedge funds or those that have multi-asset strategies. An example of the latter is Seneca Global Income & Growth.
Investment Week: What are the best diversification strategies for uncertain markets?
Peter Elston, amongst others, shares his thoughts with Investment Week on developing a properly diversified portfolio in current markets.
Wealth Manager: Seneca appoints finance and operations manager
Liverpool-based Seneca Investment Managers has appointed David Binnion to the newly created role of finance and operations manager.
Investment Week: EM growth needs to recover to pre-crisis levels
The volume of opinion surrounding emerging markets can at times seem deafening, writes Peter Elston.
In this article, he concentrates on two key points: the asset class’s systematic returns and its non-systematic, or idiosyncratic, returns.
Professional Adviser: Multi-asset and the changing nature of asset allocation
Peter Elston argues that multi-asset funds and their core function of asset allocation have never been more important for investors.
New Model Adviser: Active vs passive: tracking the latest twist in the tale
The active versus passive fund management debate has heated up once more. The passive camp was quick to jump on data to support its cause, but further analysis revealed a compelling counter case. Peter Elston adds to the debate.
FE Trustnet readers plan for a bear market – are they right?
Some 70 per cent of FE Trustnet readers are underweight fixed income within their portfolios, according to their latest survey. Peter Elston comments on how investors should rethink how they build diversified portfolios given the current lack of value in bonds.
Bloomberg TV: China’s March exports rose 11.5%
China’s exports jumped the most in a year and declines in imports narrowed, adding to evidence of stabilization in the world’s second-biggest economy. In the second half of the “Countdown” report, Seneca Investment Managers CIO Peter Elston discusses the issues with Anna Edwards and Manus Cranny (1:50 onwards).
FT Adviser: Ageing populations face new challenges
Peter Elston talks about how the study of demographics can provide reliable insights into the evolution of clients’ needs and the identification of new investment opportunities.
Bloomberg Radio: Seneca’s Elston: Weaker growth spurring Central Bank loosening
In a podcast, Peter Elston talks to First Word Europe’s Nejra Cehic about the mystery of the recent slowdown, how central banks are still loosening policy and why even the Fed, which has tightened, is now becoming more dovish.
Wealth Manager: Alpha attack: four wealth managers’ top investment ideas
Richard Parfect, Fund manager and specialist assets research specialist, talks about the “perfect specialist asset”.
Wealth Adviser: Equifax Touchstone appointed by Seneca Investment Managers
Seneca Investment Managers has appointed Equifax Touchstone to provide intermediary management information (MI) to support its financial adviser distribution strategy.
CityWire Money: Can UK equity income still shine?
Dividend cuts and the forthcoming EU referendum make life more difficult for investors in UK equity income investment trusts. Peter Elston, with others, talks about the challenges and opportunities for dividend investors.
Investment Week: New dynamics of the silver economy
Tom Delic, assistant fund manager at Seneca Investment Managers explores the demographic trends – from opportunities in tech to wealth management – that are available for investors to take advantage of.
Citywire: Investment Trust Insider Issue 27
In Issue 27 of Citywire’s Investment Trust Insider, Dan Grote makes use of various quotes from a telephone conversation with Peter Elston.
Wealth Adviser: Seneca Investments appoints new marketing manager
Seneca Investment Managers has appointed Cathy Growney as Marketing Manager to support the growth of the firm.
Citywire: Panmure upgrades BlackRock World Mining to “buy”
Citywire notes that in February BlackRock World Mining Trust was the eighth most bought investment trust but that Seneca Global Income and Growth Trust was ahead of the pack.
New Model Adviser: Borrows benefits from banking sector woes with mid cap focus
New Model Adviser speak with Alan Borrows on the strong investment opportunities for investors seeking a good income stream coupled with the potential for capital growth.
Citywire: The Specials: Eight great overlooked trusts
Our investment trust Seneca Global Income & Growth Trust (SIGT) gets a special mention in Issue 26 of Citywire’s Investment Trust Insider. Editor Gavin Lumsden notes that SIGT was a “turnaround we missed” and that it has been producing excellent returns and with low volatility.
Trustnet: How risky are bonds?
In his quarterly blog for Trustnet, Peter goes into the riskiness of bonds in more detail, explaining why real returns from bonds in coming decades will be much lower than those in recent decades.
Investment Week: Seneca’s Elston: Specialist investment vehicles hold key to ‘decent yields’
Peter writes for Investment Week’s Bull/Bear section, this time on the subject of specialist investments and how they are a good substitute for both bonds and equities.
Financial Adviser: Fund Review – Seneca Global Income & Growth Trust
Financial Adviser writes up an interview with Senior Fund Manager, Alan Borrows. It includes at the end of the piece an “expert view”, in this case that of Ryan Hughes, fund manager at Apollo Multi Asset Management. He notes that “the managers’ track record is very strong over a long period of time”.
Financial Adviser: Seneca’s Elston ‘excited’ by volatility
Peter talks to Financial Adviser’s Damian Fantato about the recent market volatility and how we are taking advantage of it.
Bloomberg TV: Dividend cuts surpass 2008
Peter appears on Bloomberg TV with hosts Anna Edwards and Manus Cranny. In this clip, Peter talks about dividends and how they are generally more resilient than many perceive.
Citywire: Room 101 – What bothers these three wealth managers?
Peter is invited to Citywire’s Room 101, a place to vent both work and personal frustrations.
Trustnet: Why a 2008-style crash is not on the cards
Peter Elston tells Trustnet’s Lauren Mason why he doesn’t believe a 2008-style market crash is likely, pointing to steep yield curves and negative output gaps as evidence that the global economy can continue to grow.
WhichInvestmentTrust.com: Seneca is quietly delivering market beating returns with less risk
A strong endorsement of our investment trust from ‘Which Investment Trust’ following an interview with lead fund manager Alan Borrows.
Reuters MOVES: Seneca Investment Managers appoints two directors to its board
Seneca IM have appointed Peter Elston and Peter Smith to the Board.
Portfolio Adviser: ‘Value vs growth’ a misleading binary – Elston
Peter Elston writes on the subject of ‘value vs growth’ and whether the underperformance of so-called value stocks in recent years represents a contrarian buying opportunity
Professional Adviser: Adviser noticeboard – Post-it note size stuff for IFAs
Professional Adviser covers the Seneca Investment Managers series of seminars for Q1 2016, the Regular Income Roadshow, where Peter Elston will be discussing our market outlook, bond and equity market dynamics and the Seneca funds.
Citywire: 12 lessons of 2015 – what we learned last year (Jan 2016)
Citywire’s Editor-in-chief Gavin Lumsden notes the good performance of our investment trust in 2015 and uses some quotes from an interview Peter conducted with Citywire’s New York correspondent Robert St George.
AIC: The smoother ride of a multi-asset approach
James Carthew, QuotedData, discusses the ‘multi-asset approach’ including the goals of the Seneca Global Income & Growth Trust.
Trustnet: Canaccord Genuity – A bond-buying opportunity for income investors
Peter’s strong views on fixed income get used by Trustnet as a counter argument to the more bullish views of Canaccord Genuity’s which were the focus of the article.
Interactive Investor: Investment gifts for the family this Christmas
Our investment trust, Seneca Global Income & Growth Trust, is one of Interactive Investor’s three picks in their “trusts for adults” category, with mention being made of the trust’s low volatility and growing income.
FT Adviser: Elston drops US to up Europe exposure
Peter Elston talks to Julia Faurschou at the FT about our funds’ current asset allocation, with particular mention being made in the article of our high conviction views with respect to US (underweight) and Europe (overweight) positions.
Money Observer: Seven investment trusts to buy as Christmas presents
Seneca Global Income & Growth Trust plc is mentioned as “a single trust with low volatility, attractive total returns and a growing dividend”.
Fund Strategy: Asset allocation: Seneca’s Elston targets UK mid-caps as rate rises loom
Peter Elston is interviewed by Fund Strategy on Seneca Investment Manager’s asset allocation and the hunt for value.
Yourmoney.com: Blog – Steady returns in volatile times
James Carthew’s blog looks into investment trusts including the Seneca Global Income & Growth Trust plc.
Investment Week: Seneca Global Income & Growth trust to introduce discount control mechanism
Investment Week covered the Board’s announcement that the Trust plans to introduce a new policy at its next AGM in July 2016.
Bloomberg TV: Investing in Renewables – Where are the Opportunities?
Peter Elston sits down with anchors Anna Edwards and Guy Johnson on Bloomberg TV’s Countdown show to talk about renewable energy.
Trustnet: Why equities are less risky than bonds
Peter Elston writes how investors need to drastically rethink the way they view risk and volatility.
Trustnet: Investors need to change their mind sets – bonds are guaranteed to lose money, warns Seneca
Trustnet writes up an interview with our CIO Peter Elston, picking up on his comments about the risks inherent currently in so-called ‘safe-haven’ bonds.
What Investment: Why we don’t believe US equities are a good investment right now, by veteran investor
Peter Elston is interviewed by What Investment, giving his views on everything from interest rates, to the state of economies, to the stronger characteristics of equities in relation to bonds.
Investment Week: Seneca’s Elston: Why gold is a poor investment and doesn’t always hold its value
Peter Elston writes in Investment Week about gold, saying that it is neither a great investment nor store of value. Furthermore, it isn’t likely to be needed as insurance.
Financial News: Healthcare stocks are sniffling, but they will get better (subscription only)
In this article for Financial News, Peter Elston considers the prospects for the healthcare sector in light of the recent sell off and the threat of greater government oversight, concluding that the long-term bull case remains intact.
CNBC TV18: India unlikely to benefit from China rate cut
Peter Elston joins UBS’s Geoff Dennis in a phone interview, arguing that the slowdown in China is likely to persist, putting further downward pressure on commodity prices.
Citywire: Seneca hires ex-Schroders IFA sales head as distribution boss
Seneca Investment Managers has appointed former Schroders head of IFA sales Steve Jackson as head of UK retail
Investment Week: Ex-Schroders Jackson joins Seneca as UK retail head
Former Schroders head of IFA sales Steve Jackson has joined Seneca Investment Managers as head of UK retail
FT Adviser: Ex-Schroders sales head Jackson joins Seneca
Former Schroders head of IFA sales, Steve Jackson, has joined Seneca Investment Managers
FT Adviser: Seneca’s CIO on what advisers should worry about
Our CIO Peter Elston talks to Financial Adviser’s Simoney Kyriakou about risk, short-termism and other things he thinks advisers should worry about.
Portfolio Adviser: Ex-Schroders sales head signed up by Seneca IM
Former head of IFA sales at Schroders, Steve Jackson, has joined Seneca Investment Managers.
Yourmoney.com: A correction, or the beginnings of a bear market?
In this piece, Peter Elston is quoted as saying valuations and the economic backdrop do not suggest a bear market is upon us.
ET Now: ‘India is a huge beneficiary of fall in commodities’
Peter Elston tells ET Now during a phone interview that he thinks India is a huge beneficiary of low commodities prices.
FT Adviser: Advisers should beware of fixed asset allocation
FT Adviser picks up on one of Peter Elston’s investment letters which highlighted the risk of not taking advantage of opportunities to shift strategic asset allocation weights substantially.
Portfolio Adviser: Are ‘safe havens’ really that safe?
Our CIO Peter Elston examines the longer term risks inherent in bond and equity markets and finds that equities may in fact be safer than bonds.
Financial News: Fed emerges from the shadows
Mike Foster, Associate Editor at Dow Jones, picks up on research by Leo Krippner at the Reserve Bank of New Zealand, citing comments from our CIO Peter Elston.
Bloomberg TV: Should investors expect more weak data From China?
Peter Elston talks to Anna Edwards at Bloomberg about where China’s economy is headed. He makes the point that the slowdown was inevitable and that it is how China transitions to a new growth model that is important.
Bloomberg TV: Can the UK handle a higher interest rate?
Anna Edwards at Bloomberg TV asks our CIO Peter Elston if the UK can handle higher interest rates. Peter thinks that the UK economy remains very interest rate sensitive.
Bloomberg TV: Is the US strong enough for a rate rise?
Having asked if the UK can handle higher interest rates, Anna Edwards of Bloomberg asks Peter Elston the same question of the US.
The Economic Times: Fed should gauge impact of tightening before hiking rate
Indian business TV channel ET Now interviews our CIO Peter Elston about what to expect from the September FOMC meeting in relation to whether we will see the first interest rate hike in nearly ten years.
Money Observer: Advisers say multi-asset is best retirement solution
LF Seneca Diversified Income Fund gets a mention in Money Observer as one of the highest yielding multi-asset OEICs.
FE Trustnet: Was that it or are we heading for a bear market?
FE Trustnet picks up on Peter Elston’s September investment letter, specifically the section in which he considers whether recent market declines are just summer jitters or the start of something more worrying.
FE Trustnet: LF Seneca Diversified Income fund becomes a top quartile performer
Great news! FE Trustnet spots that LF Seneca Diversified Income Fund is now a top quartile performer over three years. Users of FE Trustnet may also appreciate the fund’s lower volatility.
FE Trustnet: Are there any opportunities left in 2015’s most popular market?
A panel of financial experts, including Seneca’s Peter Elston, tell FE Trustnet why there are still opportunities in Europe, which has been one of the most popular regions for investors this year.
Politics Home: 25 Investment Firms with £1.8tn of Assets Sign Statement of Principles
Seneca Investment Managers gets a mention as one of a small number of investment firms that have signed up to the Investment Association’s Statement of Principles. (Frankly, we can’t understand why others didn’t).
WM Wealth Manager: Interest rate threat: how 15 wealth managers are set for a rise
Our CIO Peter Elston gets top billing among a group of experts approached by Citywire’s Wealth Manager for comment on how their funds are positioned for interest rates rising.
Investment Week: A strong US economy, share buy backs & slowing global growth
Peter Elston writes for Investment Week on the subject of UK growth, concluding that although there are some encouraging signs on the economic front, monetary policy is likely to remain very loose.
Investment Week: How can the Fed solve the interest rate conundrum?
An article by Peter Elston in Investment Week about the challenges facing the Federal Reserve. In particular, he puts these challenges in a long-term perspective, citing the experience of the 1930s.
FT Adviser: ‘Investor jitters cause equity volatility’
FT Advisor publishes extracts from Peter Elston’s June investment letter about equity market volatility being the result of irrational investor behaviour rather than volatility in underlying dividend distributions.
Investment Week: Seneca: Luck is when preparation meets opportunity
Ian Currie, the founder of Seneca Partners, talks to Investment Week’s editorial director, Lawrence Gosling, about the opportunities to invest in companies being cut out of the traditional banking and finance routes.
Investment Week: Is forex hedging just a mug’s game?
Our CIO Peter Elston writes for Investment Week on the subject of currency hedging and considers whether it is a good idea for one’s overseas investment exposure.
FT Adviser: Peter Elston: Low-yield G7 bond warning
FT Adviser journalist Dave Baxter uses Peter’s comments from his May investment letter about the poor value of long-term government bonds currently.
Investment Week: Risk factor investing supplement
Starting on page 6 of this specialist supplement, Investment Week asks “Are all multi asset funds really the same?”. Peter Elston shares his view.
CNBC: Peter Elston: UK markets don’t care who is in power
Peter Elston appears as a guest host on CNBC’s Squawk Box and comments on the upcoming UK election.
Investment Week: Do markets and currencies fare better under Labour or the Conservatives?
Ahead of the UK general election, Peter Elston writes in Investment Week about which party financial markets would prefer to see in power.
Investment Week: Unconventional wisdom: Managers reveal their top specialist ideas
An opportunity for Peter Elston to talk about one of our favourite specialist investments.
FE Trustnet: Callow: Why I prefer backing boutiques over giant funds
Senior Fund Manager Simon Callow tells FE Trustnet why we often prefer to invest in smaller or start-up funds.
FE Trustnet: A nimble specialist to FE Trustnet’s most popular fund
FE Trustnet approaches our Senior Fund Manager Simon Callow for his views on the biotech sector.
Bloomberg TV: Seneca’s Elston: Why We’re Positive About Europe
Peter Elston talks to Bloomberg TV anchor Mark Barton about why we like European equities.
Financial Times (subscription): Active share tells fund managers how to catch the biggest fish
Active share is a measure of how different a fund is to its benchmark. Peter Elston writes in the FT about how it can be used to help identify the better performing funds.
Professional Adviser: Diving inflation, deeper malaise?
Why is deflation bad? Our CIO Peter Elston gives Professional Adviser’s readers the answer.
CityAM: Investors should not ignore the deflation threat
As the inflation rate in the UK heads to zero, Peter Elston tells CityAM readers why they should worry about deflation.
Daily Mail: Tesco is a tough case for Dave Lewis…
2014 was a difficult year for TESCO. This Daily Mail piece cites comments by our CIO Peter Elston on the troubled retailer.
Bloomberg TV: Elston Says ECB Heading Toward Buying Government Bonds
Peter Elston appears on Bloomberg TV’s early morning show and tells a panel of anchors that the ECB is about to renew its QE program. (Post script: he was right).
CNBC: Peter Elston: China stocks – ‘It’s not a market, its a casino’
CNBC’s Squawk Box talks to Peter Elston about China’s stock markets (or rather, as Peter calls them, casinos).
FTSE Global Markets: US non-farm payroll stats: will they presage a rate hike?
US non-farm payrolls were much stronger than expected. Peter Elston provides his thoughts as to how investors should interpret the news.
Professional Adviser: Just what is going on with Japan? Two views on trouble in Tokyo
Peter Elston tells Professional Adviser that although the long-term outlook for Japan is bleak, there are still investment opportunities.
Financial Times (subscription): Inflation is key to gauging business cycles
Our CIO Peter Elston writes in the FT about his approach to investment strategy and how business cycles and inflation is at the heart of it.