Is value investing making a comeback? Jack Barrat shares his perspective on why today’s market environment may present compelling opportunities, how AI is transforming fund management, and why some of the most interesting investments are often overlooked.

Jack Barrat is a portfolio manager at Man Group, with over a decade of experience applying a disciplined value investing approach across a range of market conditions, including periods of significant volatility, inflationary pressure and structural change.

He explains:
▪️ Why UK stocks remain one of the world's cheapest markets
▪️ How to distinguish between a value trap and a genuine opportunity
▪️ Why AI could present a significant productivity shift in fund management
▪️ The sectors he finds most interesting from a valuation perspective today
▪️ How his team approaches high-conviction buy and sell decisions

00:00 Intro
00:47 From a Starbucks to Man GLG
01:44 The Advantage of Man Group
02:33 Building a High-Performing Investment Team
04:37 The Toughest Year of Jack's Career
05:06 Why He Runs Long & Short
05:52 What Really Drives a Fund Manager
07:18 Jack's Investment Philosophy
09:14 Value Trap or Opportunity?
12:09 How AI is Changing Fund Management
17:43 "Please Don't be Afraid of AI"
20:34 Is the UK Market Cheap?
23:25 How the Team Makes the Call
25:26 Jack's Definition of Risk
27:02 The Biggest Risk to the Strategy
31:09 Why Good |Management Takes Years to Matter
33:32 The "Bathtub of Knowledge"
37:31 What Keeps Him Awake at Night
38:29 Three Books That Shaped How he Invests
40:27 Inside a 5am Start
43:07 The Team Behind the Fund
45:21 Disclaimer

Recorded On: 27/04/26