359: Money Makers Investment Trusts Podcast - Andrew McHattie (24 Oct 2026)

Regular contributor Andrew McHattie, the editor of the Investment Trusts Newsletter, returns this week to the Money Makers Investment Trusts Podcast, with award-winning host Jonathan Davis, editor of the Investment Trusts Handbook and AIC Best Broadcast Journalist for three years running. Their discussion this time includes AIC research comparing investment trusts performance with their open-ended rivals, Seraphim Space's spectacular full-year results, and corporate activity in the private equity sector.

This episode was recorded on the morning of Friday 23 October 2026, before the outcome of the vote at Baillie Gifford US Growth was known. In the event Saba Capital's attempt to oust the board was defeated by 52% to 48%.

Jonathan is now writing market and other comments on Substack (jdinvestor.substack.com), and for those of you who follow Money Makers on social media, two new channels are now available - TikTok (@moneymakers_its) and Bluesky (@money-makers.co). Do give us a follow!

Timestamps

0:00:37 - Introduction

0:01:16 - Looking back over 30 years

0:02:12 - Follow a trust or a manager?

0:03:39 - Investment trusts vs open-ended equivalents

0:09:18 - Seraphim Space's (SSIT) spectacular performance

0:15:09 - Listed private equity

0:24:31 - A short break

0:25:16 - International Biotechnology Trust (IBT)