325: Money Makers Investment Trusts Podcast - with Peter Hewitt and Carlos Hardenberg (28 Mar 2026)
Money MakersShow Notes
In this extended edition of the Money Makers Investment Trusts Podcast, Jonathan Davis, editor of the Investment Trusts Handbook (winner of the AIC Best Broadcast Journalist Award) is joined by two guests. First, Peter Hewitt, former manager at the CT Global Managed Portfolio Trust, and then Carlos Hardenberg, lead manager at the Mobius Investment Trust, to discuss - amongst other things - the ongoing impact of the Iran War on financial markets and the investment trusts sector.
These discussions were recorded on Wed 25 March (Carlos Hardenberg) and Fri 27 March (Peter Hewitt).
Jonathan is now writing market and other comments on Substack (jdinvestor.substack.com), and for those of you who follow Money Makers on social media, two new channels are now available - TikTok (@moneymakers_its) and Bluesky (@money-makers.co). Do give us a follow!
Section Timestamps: 0:00:24 - Introduction 0:00:44 - Peter Hewitt 0:00:49 - Looking at the markets 0:06:42 - Waiting for the dust to settle 0:12:43 - Discounts 0:17:58 - Baillie Gifford European Growth (BGEU) 0:22:36 - Diversified and defensive portfolios 0:25:01 - Pershing Square Holdings (PSH) 0:28:20 - Saba Capital 0:34:43 - A short break 0:35:47 - Carlos Hardenberg 0:36:56 - Reflecting on the last eight years 0:39:39 - The place for emerging markets in portfolios 0:45:09 - The argument to shareholders given the scale of the trust 0:48:12 - A shareholder opportunity presented by a wide discount 0:51:58 - Responding to current geopolitical issues 0:55:45 - A view on China 1:00:25 - Portfolio holdings 1:05:52 - The strategic impact of the new global order 1:08:01 - Close
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