The Global Equity team | Who we are | Liontrust Asset Management PLC
Global Equities team

The Global Equity team

Patrick Cadell, Kristof Bulkai & Hugo Rogers

The team

Patrick Cadell, Kristof Bulkai and Hugo Rogers have 34 years combined investment experience. Patrick was previously at BMO Global Asset Management (formerly F&C Asset Management and Thames River Capital LLP), having joined them in 2011. Prior to Thames River Capital, Patrick was an investment analyst at Nevsky Capital where he focused on Asian equities covering a diverse range of industries. Kristof joined Thames River in September in 2008 and was previously a European and emerging markets portfolio manager at Griffin Capital. Hugo was also previously at BMO, having joined them in 2008, and an analyst at Copenhagen Capital and Odey Asset Management.

Liontrust's Global Equity team

The Structural Opportunities Process

The fund managers seek to identify stocks, sectors and countries experiencing mispriced structural or fundamental change. The process aims to exploit opportunities from change because investors are slow and reluctant to recognise fundamental turning points and because markets struggle to price the long duration of returns that structural change drives. Structural changes are typically driven by the progress of the economic cycle, the development of industrial cycles, policy and regulation, mergers, acquisitions or the emergence of new and  disruptive technologies.

Read more

A dispassionate look at 'Trumpflation'

Hugo Rogers

Trump’s election is an emotive topic, but as investors we must make dispassionate assessments. Read more

Latest fund updates

The Global Equity team

Read the latest fund updates from the Global Equity team.
Read more

Non-UK domiciled  

GF Global Strategic Equity Fund

The Fund seeks to identify stocks, sectors and countries around the world experiencing unpriced structural or fundamental change. The greatest opportunities to implement the process are in emerging markets where deep and frequent structural changes take place.

Correctly identifying structural change can produce attractive and uncorrelated returns to the market over the long term. Disruptive change creates both winners and losers, so returns can be further enhanced by constructing a portfolio composed of both long and short ideas.

Patrick Cadell

GF Global Water and Agriculture Fund

The Fund aims to exploit the opportunities created by change in the water and agriculture (and related energy and environment) sectors. The Fund invests in companies globally that are best placed to benefit from this change. 

Hugo Rogers manages the Liontrust Water and Agriculture fund, launched in January [2016], having run similar funds before. He says he has avoided the boom and bust that has afflicted the likes of the fertiliser manufacturers. He targets special situations that are unaffected by wider economic cycles.

Andrew Oxlade in The Telegraph, March 2016

Disclaimer:
• Past performance is not a guide to future performance. • Do remember that the value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.  • Investment in Funds managed by the Structural Opportunities Team involves foreign currencies and may be subject to fluctuations in value due to movements in exchange rates.

• The information and opinions provided should not be construed as advice for investment in any product or security mentioned.  • Always research your own investments and consult with a regulated investment adviser before investing.
Back to top