78. Jim Strang, HgCapital Trust Chair - Investment Trust Boards: managers, risk, valuations & discounts

Enter the Boardroom with Nurole

Jim Strang is Chair at HgCapital Trust, Adjunct Professor at London Business School, Senior Advisor at Bain & Company, Verdane and CVC Capital Partners, and NED at Pictet Alternative Advisors and BGF Group. Tune in to hear his thoughts on: How does the HgCapital Trust board add value? (2:18) Where do your interests/risk appetites potentially diverge from HgCapital’s? (3:35) What are the different products you’re considering, and how do you assess their potential value? (4:48) How do you review strategy and performance? (6:20) How do you think about how you will win? (8:30) When would you consider changing your investment manager? (12:27) How do you think about risk? (14:13) In the face of growing geopolitical risk, what options do boards have? (17:58) How can boards react to the risk concentration in cloud computing? (19:15) Where can investment trust boards add value in terms of accounting policies? (22:15) As a Chair, how concerned are you with valuations of portfolio companies? (24:01) What are the things to look at for, which you’ve got wrong in the past? (26:55) How do you get comfortable with revenue recognition policies? (28:11) How do you think about board composition and succession planning? (29:42) How are you thinking about discount to NAV? (33:28) ⚡The Lightning Round ⚡(34:55)

Show notes and transcript available at https://www.nurole.com/news-and-guides