'We underestimated tech's potential': Alastair Laing of Capital Gearing Trust

Investors' Chronicle

Dave Baxter hosts Alastair Laing of Capital Gearing Trust, a vehicle which aims to grow but also protect investments over long periods. Often known for its bearish stance, the team at the trust use a combination of bonds, equities and property to position themselves and investors' cash securely in case of rocky market periods.

In the episode, Dave and Alastair discuss how the trust has offset missing out on the US tech wave, inflation-linked bonds, the smaller positions they hold, and much more.

Timestamps

1:00 Positioning of the trust

3:07 Pockets of value

4:36 Drivers of a regime change

5:57 Exposure to equities

7:04 Offsetting lack of involvement of US gains

9:58 Bonds

13:12 Inflation-linked bonds

15:56 Executing investment views

18:25 Smaller positions

20:31 Arriving at a valuation he can trust

24:19 How the trust navigates investment trust investments

27:09 Attitude to private equity

29:04 Share buybacks

34:07 The sector and structural decline

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