As the name implies, when you own a share you own a slice of a business. The market price of your share should depend on the existing value in the business and the future value it is likely to create. In his Nobel prize winning work on the empirical analysis of asset prices, Professor Robert Shiller demonstrated that over the long-term, market … Read more ► about Value vs growth… why not have both?
What we do
Havelock London is a new entrant to the investment management industry, founded in the belief that decisions based on data can support the long-term, disciplined approach required for successful investing.
The world is experiencing a revolution in the availability of data and the technology to analyse it. We believe this presents investors with an unprecedented opportunity to make better decisions by being more objective about the long-term value of the assets they own. In a world drowning in information, these decisions can only be made by knowing how to filter the data, understand it, and recognise what really matters.
Our philosophy is to focus on a small number of well-understood investments, whose value comes from economic activity in the real world. We believe we can quantify this value through analysis of data, and remain rational when prices move away from economic reality.
As with many areas of life, there is little we can know for sure. We use statistics to understand the uncertainty in our views and the risks that we face. This prevents us from becoming over-confident and allows us to make disciplined investment decisions.
Technology lies behind this process, allowing us to be diligent, focused and lean. By identifying and monitoring key data, we keep watch over our investments, test our assumptions, and avoid being drawn into short-term thinking.
LF Havelock Global Select
LF Havelock Global Select launched on 21st August 2018, investing on a global basis in company shares and fixed income without using leverage or shorting.More information
Matthew Beddall | Chief Executive Officer
Matthew worked at Winton for 17 years, eight of which he served as Chief Investment Officer. As CIO, he had responsibility for overseeing the firm's investment activities, including the flagship Winton Futures Fund. During his tenure, Winton grew to have $32 billion in assets making it one of the largest hedge funds in Europe. He also sat on the Board as a Director, and on the Executive Committee.
Matthew previously graduated with a degree in Mathematics and Computer Science, and went on to earn a Master’s degree in Applied Statistics. He combines a long-standing personal interest in value investing with extensive professional experience in systematic funds, leaving him with a firm set of views as to how best to manage savings and investments – all of which he has applied to his own money.
Kate Land | Chief Data Scientist
Kate has 15 years' experience of quantitative research and data science, with a proven track record of building practical data-driven solutions to high-value problems.
She has a degree in Mathematics & Astrophysics from the University of Cambridge, a PhD in Cosmology from Imperial College London, and held a research fellowship at the University of Oxford. In 2008 she transferred to industry and expanded her enthusiasm and experience in the statistical analysis of complex datasets as a research director at Winton.
Further experience in fintech developed her understanding of the potential for data, technology, and statistics to tackle business problems. She believes the secret of effective data science lies in keeping things as simple as possible, but no simpler. This belief aligns with the values and objectives of Havelock London.
Alisdair Wren | Chief Operating Officer
Alisdair spent seven years at Winton, designing and implementing software to support research and trading, and managing IT infrastructure with a focus on assurance and cyber security. He has keen interests in solving business problems with technology whilst minimising complexity and other overheads, and in the clear communication of technical ideas to audiences of all backgrounds.
Alisdair has a Master's degree in Computer Science from Imperial College London and a PhD from the University of Cambridge, where he focused on the real-world applications of programming language theory to software performance and safety.
Neil Carter | Chief Commercial Officer
Neil worked at Jupiter Asset Management for over 13 years, where he held a number of roles including Head of Strategy for Global Financial Institutions. He was responsible for distributing Jupiter’s products both in the UK and internationally, during which time he developed an in-depth understanding of the global investment management market.
Before Jupiter, Neil worked at Fidelity for four years, after graduating from his degree in Physics. He recently completed his Executive MBA at Henley Business School, where he developed a passion for understanding how to build customer trust in financial services – a passion he shares with the other Havelock London co-founders, and which is central to the company’s mission.
As professional investors, managing the risk of losing money is a responsibility we take very seriously. The traditional approach when managing a portfolio is to allocate money to different opportunities as if it were a pie being sliced, with each slice being measured by the amount of money invested. Limiting how big a slice of pie you eat is a … Read more ► about What’s inside your pie?
Successful active management comes from two components; investment selection and portfolio construction. Very crudely, the former is about maximising long-term returns and the latter is about ensuring there are no surprises on the way. Effective diversification requires identifying feasible scenarios that could impact a portfolio and determining … Read more ► about Concentrating on risk