Investment Uncut

Hosted by Lane Clark & Peacock

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Episodes

234

Latest episode

Oct 2026

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About the show

Investment Uncut is a podcast about investing. In each episode, hosts Mary Spencer, Laetitia Anstee-Parry, Aaron Hanaphy and Jacob Shah are joined by guests to cut through the noise in the world of investing, bringing clarity to your investment decisions. LCP’s investment team advise large institutional investors in the UK and beyond, including pension firms, charities, wealth managers, insurers and sovereign institutions. Look out for new episodes every Wednesday.

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60 recent

October 30, 202626 min

S8 Ep.5: Star Mountain Capital: Why bigger isn't always better in private credit?

In this episode of Investment Uncut, Letty and Jacob are joined by Stephan Connelly (Managing Director) and Jason McGourty (Vice President) from Star Mountain Capital, to weigh smaller-business lending opportunities and return premiums against credit risk. Drawing on Star Mountain’s experience, they discuss how closer borrower relationships support credit assessment and downside protection, lessons from investments that went wrong, AI’s impact on investment decisions and borrowers’ opportunities and risks. Listen to explore today’s most compelling private credit opportunities and reasons for caution.

October 21, 202616 min

S8 Ep.4: The quick take on why the October budget may not be that big

What do we actually know so far about Burnhamnomics? In this Quick Take episode, Jacob, Letty and LCP Partner Anais Caldwell Jones, part of our Macro team, explore what Burnham is going to centre on in the upcoming budget. With some big ideas to tackle inequality and support growth, tight public finances would, however, favour targeted budget measures over sweeping reform. Any market reaction would likely focus on gilts and sterling, reinforcing the case for a long-term investment approach rather than trading political events.

October 14, 202630 min

S8 Ep.3: Alex Edmans - How to exploit the madness of markets?

In this episode of Investment Uncut, Jacob and Aaron are joined by Alex Edmans. Alex discusses his recent book 'The Madness of Markets' where he explores the madness that can emerge in financial markets, from striking examples of investor behaviour to the potential for mispricing in today’s fast-moving, large language model race, between higher-cost US providers and Chinese competitors. We discuss why even sophisticated professional investors remain vulnerable to behavioural biases, and how investors can seek to recognise others’ irrationality without becoming trapped by their own assumptions. The conversation also examines why identifying a market mistake is rarely the same as successfully exploiting it, why an abundance of information can cloud rather than improve judgement, and where a genuine investment edge may still be found. Finally, we close with one practical, actionable change investors can make to build a more disciplined process and improve their chances of outsmarting the market.

October 7, 202615 min

S8 Ep.2: The Quick Take on why gilts are paying such a big yield

Why are government bond yields rising, and what does this mean for investors? In this episode of The Quick Take , Jacob, Letty and Matt Gibson (LCP's Head of Research) explore why inflation is only part of the story, unpack the term 'premium' and discuss how changing demand from UK pension schemes could be affecting gilt yields. They also consider the legacy of the 2022 mini-budget, whether yields could fall back and what investors might do differently.

September 30, 202631 min

S8 Ep.1: Timandra Harkness - When did avoiding risk become a virtue?

We kick off Season 8 of Investment Uncut by speaking to Timandra Harkness - writer, presenter and comedian - and the author of Risk & Responsibility. We discuss Timandra’s recent blog, Dare to Be Free, and explore why risk has become such a defining issue for society, institutions and the pensions industry. Together, we explore the growing tension between protecting people from harm and giving them the freedom to make decisions in the face of uncertainty. Have we come to treat safety, stability and predictability as moral virtues in their own right - and, if so, what might that cost us? Responsible decision-making cannot mean eliminating risk altogether. So why can investment committees find comfort in following the consensus? And could regulation sometimes encourage excessive defensiveness rather than better long-term outcomes?

July 15, 202618 min

S7 Ep.40: Sam Gray - can you make money in healthcare?

Healthcare is one of the UK's largest and fastest-evolving sectors, driven by an ageing population, technological innovation and growing demand for care. But beyond the headlines, where are the most compelling investment opportunities, and why has healthcare become such an attractive area for private equity? In this episode, Letty and Aaron are joined by Sam Gray, Portfolio Manager at Apposite Capital, to explore the investment case for UK healthcare. Together, they discuss how to identify opportunities across the sector, the trends shaping the market, and why healthcare can offer the potential to deliver both attractive long-term returns and better patient outcomes.

July 9, 202618 min

S7 Ep.39: The Quick Take - What do the FIFA World Cup and global investing have in common?

In this episode of The Quick Take, Aaron and Jacob sit down with LCP's Investment Partner Amlan Roy to unpack the surprising insights from his latest research on the 48 nations competing in the expanded FIFA World Cup. From demographics and education to migration, gender equality, and governance, they explore the hidden forces shaping economic growth — and where the world's next investment opportunities may emerge. Why do some countries thrive while others fall behind? And why are demographics only part of the story?

July 1, 202622 min

S7 Ep.38: Hitakshi Mehra - can India become the next global growth engine?

India has been one of the world's fastest-growing major economies over the past two decades, but its representation in Emerging Market Indexes has significantly reduced as valuations have been lower and South East Asian countries have seen their markets surge due to their AI Technology Stocks. As global supply chains shift, demographics evolve and economic reforms continue to reshape the country, is India becoming the next global growth engine? In this episode of Investment Uncut, Letty and Aaron are joined by Hitakshi Mehra, Investment Specialist for Emerging Market & Asia Pacific Equities at J.P. Morgan Asset Management, to explore the investment case for India.

June 24, 202621 min

S7 Ep.37: The Quick Take on SpaceX IPO, the implications for markets and those that invest

In this episode of The Quick Take, Aaron, Letty and Jacob discuss the launch of the Space X’s IPO. It just shattered records with the largest IPO in history, and the Investment Uncut podcast is breaking down what it means for your portfolio. In just 20 minutes, Aaron and Letty debate whether SpaceX's astronomical valuation is a generational opportunity or a dangerous Fear of Missing Out trap. They dive into why the Nasdaq fast-tracked the stock while the S&P 500 locked it out, how the unique rolling lock-up schedule will trigger massive price swings, and whether Elon Musk is simply too big to govern while running four mega-companies at once.

June 9, 202624 min

S7 Ep.36: Football - Bart Huby & Jacques Foex: How to run a successful football club?

Most football clubs lose money, yet American investors continue to pour capital into the game. What are they seeing that others are missing? And can data and analytics help turn football clubs from passion projects into viable investment opportunities? In this episode, we’re joined by LCP’s football analytics experts Bart Huby and Jacques Foex to explore how football is becoming increasingly data-driven. We discuss what the analytics tools aim to do, and how can analytics be combined successfully with a recruitment and commercial strategy to help successfully run a football club.