Join Ittan Ali, Research Manager at Square Mile Investment Consulting and Research, as he talks with Luke Newman, Co-Manager of the Janus Henderson Absolute Return Fund.

In this episode, they explore Janus Henderson’s approach to alternative investing—focusing on the Fund’s long-short equity strategy. With a track record of 29 consecutive profitable months from October 2022 to February 2025, Luke discusses how the managers look to navigate market volatility, balance core and tactical exposures, and generate alpha in both rising and falling markets.

Don't have time to listen to the full episode, jump to your favourite part:

• 01:39 Can Luke Introduce himself, and explain his roles and responsibilities and how he works with co-manager Ben Wallace?
• 02:40 Can you describe your investment approach and objective, and what you look for when identifying opportunities across the long and short book of the Portfolio? And describe and differentiate between the core and tactical positions in the portfolio?
• 07:50 Looking at the performance over 2024, how has the portfolio performed in 2024, and what have been the key winners and losers?
• 13:34 Moving onto this year, can you talk about how the portfolio has performed this year so far, and what’s been the biggest winners and losers in the fund so far?
• 17:47 Can you describe your approach and reasoning in managing the gross and net exposure for the portfolio, particularly over the past year or so?
• 19:41 Can you talk about your favourite stock(s) currently both on the long and short book?

This podcast was recorded in June 2025. This podcast is issued by Square Mile Investment Consulting and Research Limited which is registered in England and Wales (08791142) and is a wholly owned subsidiary of Titan Wealth Holdings Limited (Registered Address: 101 Wigmore Street, London, W1U 1QU).

This podcast is for the use of professional advisers and other regulated firms only and should not be relied upon by any other persons. It is published by, and remains the copyright of, Square Mile Investment Consulting and Research Ltd (“SM”). SM makes no warranties or representations regarding the accuracy or completeness of the information contained herein. This information represents the views and forecasts of SM at the date of issue but may be subject to change without reference or notification to you. SM does not offer investment advice or make recommendations regarding investments and nothing in this podcast shall be deemed to constitute financial or investment advice in any way and shall not constitute a regulated activity for the purposes of the Financial Services and Markets Act 2000. This podcast shall not constitute or be deemed to constitute an invitation or inducement to any person to engage in investment activity. Should you undertake any investment activity based on information contained herein, you do so entirely at your own risk and SM shall have no liability whatsoever for any loss, damage, costs or expenses incurred or suffered by you as a result. SM does not accept any responsibility for errors, inaccuracies, omissions, or any inconsistencies herein. Past performance is not a guide to future returns.

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