Top Ten HNW Wealth Manager
‘Very opaque’ is the description that Investec’s amiable investment director James de Broë-Ferguson offers when talking about what the future holds for markets.
What this means for his practice, he tells Spear’s, is ‘managing clients’ expectations and communicating those thoughts to them as you manage their portfolios through the economic cycle’. De Broë-Ferguson, a former Ruffer investment manager who began his City career in 1988 as a hull broker at Lloyd’s, manages predominantly discretionary portfolios on behalf of private individuals, their pensions, trusts, charities and private family unit trusts.
He’s a firm believer in the importance of active management – particularly in these fraught times: ‘Clients need the reassurance that with active management centring on capital preservation there is a better solution than some of the more reactionary plunges that can be seen across indices.’ Known for a ‘loyal client base and his gracious good humour,’ according to one industry insider, de Broë-Ferguson is typically clear-headed about the current economic situation and how it pertains to portfolios.
‘Markets always over-correct one way or another,’ he says. ‘It’s important to be able to articulate why one doesn’t want to overshoot on the upside due to the inevitable fear of what’s around the corner.’