In his frankest interview in years, the UK's most revered fund manager talks to Hysni Kaso about everything from QE to shareholder engagement, and THAT Zimbabwe investment.
Your High Income fund recently tipped over £10bn, what did you make of the milestone? I remember a number of anniversaries on the way, even when it was £500m and then £1bn. But I have been here for a very long time, so I have been able to get used to it and adapt. I think if somebody parachuted in from outside, they may think ‘God that's a lot of money’, but the fact is I have had over 22 years to get used to it, I have grown with it. You run about £23bn at IP now, have you ever felt the assets are too big to manage? No, not at all. The investment thought process that goes in...
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