Fund Manager’s Diary

Kids wake up far too early considering we all went to bed late after travelling home from Italy. Waking up to the wet and windy weather at an early hour is definitely not something I had planned. I decide I need to book the next holiday.

Sunday Kids wake up far too early considering we all went to bed late after travelling home from Italy. Waking up to the wet and windy weather at an early hour is definitely not something I had planned. I decide I need to book the next holiday.

We take the children to see The Wizard of Oz at the Royal Festival Hall. However, it is great and definitely better than unpacking suitcases and looking at the dreary weather.

Monday Back to normality after a week’s break. I had blocked the day out in my dairy – so am grateful that I have no meetings to attend. I take the morning to catch up on 400-plus emails and check with the team on any developments. As it is the beginning of the month I spend the rest of the day updating my spreadsheets, looking at our Fitzwilliam fund’s performance and that of its underlying funds.

Tuesday I spend the morning meeting Rob Burnett and Chris Taylor of Neptune. I have met Rob several times but it is the first time I have met Chris and we are able to discuss, in detail, Neptune’s Japan fund. I have two members of my team and we probe Chris’s thoughts on Japan and his style of managing money within the Neptune framework.

I have to rush for my next appointment – a lunch with Derek Stuart of Artemis. This is mainly to revisit the positioning of Artemis Special Situations, performance and to gain further insights into his market views.

Return to the office and call the team together (Stuart Clark and Kris Cassar – managers of the Fitzwilliam Balanced Income fund and Fitzwilliam Strategic Bond fund respectively) to discuss an event we are hosting with Anthony Bolton.

Wednesday Get up early and take my child to nursery. I ask the teacher if she can please put the 20 birthday party invitations I have written the night before in all the kids’ school bags. She kindly refuses – not school policy.

I spend the rest of the day writing up fund manager meeting notes. They are an important part of our due diligence process and yet always seem the hardest thing to do. Once I have done two meeting notes I turn my attention to a client report that needs writing with a deadline for the end of the week. It has been a day of ‘house-keeping’.

Thursday It is a hectic day. It starts at 8am interviewing a candidate to work in our team. This is directly followed by coffee and croissant with Sam of Schroders (on the sales side). From that I have to conduct an appraisal meeting.

I join the team for lunch as we are celebrating several CFA [Chartered Financial Analyst] exam passes. Lunch is swiftly followed by an introduction meeting with Majedie Asset Management. Meetings of this sort focus on business philosophy and taking time to understand how Adam Parker manages its UK Opportunities fund. I arrive back at my desk for 4.30 to begin my email declutter.

Friday Today is more relaxed, which means I spend more time at my desk than previous days and manage to complete a presentation on the fund of funds team philosophy and process. This is to be given at an event next week and, unfortunately, I have the graveyard slot – straight after lunch.

I spend, what seems a considerable time, trying to conjure up a presentation that is different from the norm and will keep them interested. The test will be on the day. I then wrestle through the rest of my emails sent during my holiday and from the previous days.

Saturday Go to the synagogue and spend time with family.

  • Sharon Segal manages the Fitzwilliam Balanced Growth fund. Her diary runs from September 7-13