The Macro-Thematic team | Who we are | Liontrust Asset Management PLC
Macro team

The Macro-Thematic team

Stephen Bailey & Jamie Clark

The team

Stephen Bailey and Jamie Clark have 46 years of combined investment experience and moved to Liontrust in 2012. Stephen started his career in the mid-1980s and joined Walker Crips in 1987 as investment director. Jamie joined Walker Crips in 2003 and prior to that was a Junior Proprietary Trader at First New York Securities.

Stephen is one of only 24 fund managers who has been named FE Alpha Manager every year since the award was created in 2009, including 2017, and has also been named in FE's "Hall of Fame". Jamie Clark became co-manager of the Macro funds in 2007.

Liontrust's Macro team

The Macro-Thematic Process

The process is based on the analysis of economic, political, social and cultural developments to identify Macro-Themes. The fund managers define a Macro-Theme as an undiscounted, structural change in the process of realisation; and the related passage to theme-maturity, as the macro-trend. The fund managers believe this investment process equips them to locate unappreciated investment ideas and capture the full, long-term potential of each portfolio holding. There are four stages to the process: theme discovery; identification of theme-assisted and theme-impaired companies; bottom-up analysis of prospective investments; portfolio construction and management.

Read more

Jackanory – the life insurers’ bears are reading the wrong story

Jamie Clark

The Liontrust Macro Equity Income Fund’s demographics theme is centered around the identification of corporate... Read more

Ratings

FE Alpha Manager 2017 - Stephen Bailey
Stephen Bailey
FE Alpha Manager 2017
Fund Calibre Elite Provider - Equities
Liontrust Macro funds
FundCalibre Elite Provider for equities
Liontrust Macro Equity Income & Macro UK Growth funds
Rayner Spencer Mills - R Rated Fund
Liontrust Macro UK Growth Fund
Rayner Spencer Mills rated

Latest fund updates

The Macro-Thematic team

Read the latest fund updates from the Macro team.

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Morningstar Sustainability rated 4
Liontrust Macro Equity Income Fund
Morningstar Sustainability Rating: 4
Morningstar Sustainability rated 4
Liontrust Macro UK Growth Fund
Morningstar Sustainability Rating: 4

UK domiciled  

Macro Equity Income Fund

The Fund seeks to provide a rising level of income along with capital growth through investing predominantly in the UK, with up to 20% exposure to international companies, and using the Macro-Thematic process, which can lead to sector exposures being significantly different from those of the market and many of its sector's peers.

Liontrust Macro Equity Income is among a small handful of UK equity income funds that have long-standing managers, have achieved steady returns over the last decade and have scored highly for major risk metrics, according to data from FE Analytics.

FE Trustnet, June 2016

Macro UK Growth Fund

The Fund seeks to provide capital growth along with reasonable income through investing in UK and up to 20% international companies and using the Macro-Thematic process, which can lead to sector exposures being significantly different from those of the market and many of its sector's peers.

The managers have a good track record of identifying the right themes and [Liontrust Macro UK Growth] makes a great core UK equity fund for your portfolio.

Chelsea Financial Services, Daily Mail online, Feb 2016

Non-UK domiciled  

GF Macro Equity Income Fund

This is a feeder fund into the UK-domiciled Liontrust Macro Equity Income Fund which seeks to provide a rising level of income along with capital growth through investing predominantly in the UK, with some exposure to international companies, and using the Macro-Thematic process, which can lead to sector exposures being significantly different from those of the market and many of its sector's peers.

We believe that our Macro-Thematic process equips us to locate unappreciated investment ideas and capture the full, long-term potential of each portfolio holding.

Stephen Bailey & Jamie Clark

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 Macro-Thematic Team involves foreign currencies and may be subject to fluctuations in value due to movements in exchange rates. • The Funds' expenses are charged to capital. This has the effect of increasing dividends while constraining capital appreciation. • The performance of the Liontrust GF Macro Equity Income Fund may differ from the performance of the GF Macro Equity Income Fund and will be lower than its corresponding Master Fund due to additional fees and expenses. 

• 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.


© 2017 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.  Past performance is no guarantee of future results.

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