Damien Maltarp

Greater volatility, greater opportunities? The increasingly uncertain world before us will lead to greater market volatility, says Howard Marks, co-founder and co-chair of one of SJP’s specialist external fund managers, Oaktree Capital. Yet through this uncertainty, Howard remains optimistic about the value bonds have for investors. And in the long term, the noise of today will fade. 👉️Read the full article on our website: https://lnkd.in/eSk5gzh4

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At Pony.ai, our vision for autonomous driving goes beyond innovation — it’s about creating enduring value for cities and communities through safe, scalable deployment. We’re honored to be featured in Baillie Gifford’s latest Short Briefings on Long-Term Thinking podcast on emerging market innovation. In this episode, Alice Stretch, an investment manager on Baillie Gifford’s Emerging Markets Equity Team, discusses with host Leo Kelion how some of today’s most disruptive companies are innovating at speed and redefining expectations.  Listen to the episode to learn how our autonomous driving technology — and the broader emerging market innovation landscape — is evolving and contributing to long-term progress in urban mobility. → Listen now: https://bit.ly/3BKV3a8.  #PonyAI #Robotaxi #AutonomousDriving #UrbanMobility 

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Alice Stretch on Emerging Markets at Disruption Week: https://lnkd.in/e8-FWcpW Problem solvers Pony.ai, Nubank and Sea have the potential to leapfrog established Western competitors 🌏 #ActualInvestors

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Last week Justin Faiz of Pluto Finance presented at the Longview Networks Investing in UK Growth Summit, with an audience from across the institutional landscape. The topic, investing in SME householders to empower UK communities. It’s fair to say, there is a definite appetite to invest in the UK, the issue may be operating at scale? How do large pools of capital position themselves to invest in UK Growth? SME investing requires a dedicated mindset - the importance of finding the right partner cannot be underestimated. The rewards? Uncorrelated, diversified returns that have a tangible impact on UK growth. What’s not to like? 🏡🏠🏡🏠 Pop Quiz - the room get vaguely familiar - which action film was filmed in this room? #UKgrowth #ukhomes #realestatedebt #patientcapital Artemis Investment Management DunPort Capital Management

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Well done to #AFME for their excellent #OPTIC conference on the Reimagining of Europe's Capital Markets through change in post trade and innovation. Lots of insights from leading policy makers, supervisors and participants from across Europe, including the UK. Thanks to my fellow panelists for a lively debate on delivering #competitiveness in Europe. It's clear, as a starting point, that more needs to be done to enforce current regulations, instead of creating new ones, and we need to stop talking about regulating technology such as DLT. It's the role and governance of the entities that use the technology that matter, not the technology itself. We don't regulate spreadsheets or filing cabinets so why do we suddenly need to regulate #DLT? DLT is not going to replace the need for intermediaries such as #CCPs and #CSDs. They remain critical as trust, risk management and settlement finality still matter. However, they must be modernised, become more efficient and able to deal with 24/7, fractional markets. This type of innovation is where Europe's much needed consolidation of market infrastructure will come from. #JamesKemp #PabloPortugal #KarelLannoo #PhilippeBenoit #ClearToken

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Great to see the launch of the Aquis IPO Academy together with Barclays Eagle Labs. Helping growth companies understand the journey to the public markets earlier is critical if we want to strengthen the pipeline of future listed companies. Too many promising businesses reach scale but never consider an IPO as a realistic next step. By giving founders practical insights, access to investors, and the right preparation, the Academy can help close that gap and support the next generation of public companies in the UK. At SIX, we strongly believe that well-prepared companies make stronger public markets. Initiatives like this are an important step in building confidence and keeping innovative businesses connected to the capital markets. Congratulations to the teams at Aquis and Barclays for making this happen!

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Yesterday’s Peel Hunt TMT Conference was packed with energy and insight. It kicked off with a fascinating session from Jalal Bagherli CBE, Co-Chair of the UK Semiconductor Panel, unpacking how the semiconductor ecosystem is evolving and why energy optimisation could become the next great disruption layer. What stood out most was the space between energy generation and compute (the expanding xPU world) - a critical frontier for innovation and a reminder that scaling semiconductor success in Europe isn’t just possible, it’s essential. The discussions also connected deeply to AI and data sovereignty. If the UK wants to compete globally, we need to finance and build the foundational infrastructure - semis, data centres, compute - not just algorithms and software. An exceptional event and a big thank you to the Peel Hunt team Neil Patel, Alice Lane, Gautam Pillai , CFA James Lockyer, Damindu Jayaweera for bringing together such a great group of thinkers and operators. #Semiconductors #AI #AIInfra #Data #AISovereignty #LLM #Compute #TMT

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We’re delighted to have acted as lead advisor to Stark Software International on signing an agreement for the acquisition of Siemens’ UK Energy Services business. The target operates across 3 key segments: I&C meter operations, where the business provides installation, maintenance, data processing and management of electricity meters; Networks, consisting of the design and assembly of high-accuracy meters for applications such as offshore windfarm connections; and Retail, providing gas meter pre-payment services.   The transaction is subject to a number of closing conditions in respect of integration and separation activities and is expected to close in early 2026.   Congratulations to Joel Stark and Alex Warren and the wider Stark team on another market defining deal, Macquarie, Siemens, and the rest of KPMG team who advised : Paul Simkin | Ali Jordan | Ben Kemp | Anna Clarke   https://lnkd.in/esGfyMYp   #KPMGadvisory #KPMGCorporatefinance #energyservices

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Back in 2018, Baillie Gifford promoted the actual investors proposition to re-define active investment so that its true benefits could be properly understood and taken advantage of. We still see it as a clear articulation of a conversation that we’ve been having with our clients for decades. This continues to hold true and this latest paper from Stuart Dunbar highlights the merits of active management, and what helps to differentiate us. If you’d like to know more read the paper below or visit our website. https://lnkd.in/ee6cp-NX #ActualInvestors #BaillieGifford

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Still a lot of regulatory change coming down the pipeline. Lots of talk about 'simplification initiatives,' but will we really feel the benefits? Great article from our very own David Bashford provides a good overview. https://lnkd.in/e8kwYwKp

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Congratulations to Glenn Corrie, Neil Brodie and the rest of the Hazer Group Limited team on completing a successful capital raise. Shaw and Partners is pleased to have been appointed as Joint Lead Manager and Bookrunner to a capital raising by Hazer Group Limited (ASX.HZR). Hazer raised A$8.0 million via an institutional placement of approximately 25.8 million new fully paid ordinary shares (“New Shares”) under the Company’s existing placement capacity in accordance with ASX Listing Rule 7.1 and 7.1A (the “Placement” or the “Offer”). Directors and Management have committed over $1.0 million subject to Shareholder Approval at Hazer’s Annual General Meeting expected to be in the November 2025, demonstrating strong internal support. The Company will also conduct an SPP to eligible existing shareholders to raise A$2.0 million, with the ability to accept oversubscriptions. New securities issued under the Offer were issued at $0.31 per share. The Offer Price reflects a: 13.9% discount to the last traded price on 12 June 2025 of A$0.36; a 17.6% discount to 5-day VWAP of $0.3761 and a 19.7% discount to 10-day VWAP of $0.3863. Proceeds will be used to accelerate Hazer’s commercialisation strategy to advance and scale up Hazer’s proprietary methane pyrolysis technology, progress its synthetic graphite product development, increase partner engagement to deliver binding licensing agreements, and extend working capital runway to support long term growth. Hazer is an Australian technology company, driving global decarbonisation efforts with the commercialisation of the company’s disruptive world-leading climate-tech. Hazer’s advanced technology enables the production of clean and economically competitive hydrogen and high-quality graphite, using natural gas (or biogas) feedstock and iron-ore as the process catalyst. This offer is available to Wholesale investors only (as that term is defined in the Corporations Act). Shaw and Partners Limited acted as Joint Lead Manager for Hazer Group Limited in relation to the offer and received fees for that service.

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We really do live in interesting times. While some managers and media voices warn of an AI-driven bubble, Nouriel Roubini and Jason Cuttler from Hudson Bay Capital Management discuss with Barclays’ Chief Market Strategist, Julian Lafargue, a base case for the S&P 500 reaching 9,000 within two years. A fascinating analysis — especially the way they frame it against past market cycles.

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Highly unusual to see new UK pension allocations come online, particularly across the alternatives space - 15% allocated to PE, infra and debt. This change is welcome, and reflects the need for plans to diversify outside of public markets. I hope that a good portion of this allocation will remain in UK funds and strategies. British Emerging Manager Institute (BEMI)

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Great insights here from Kathryn on how advisers can support clients approaching retirement in such a challenging market backdrop. A really clear explanation of how a three‑pot approach and strong foundations in fixed income and alternatives can help deliver stability when it’s needed most. 👇 Worth a watch.

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Baillie Gifford CEO Tim Campbell explains why being ‘out of step’ with some market trends helps us serve both society and our clients’ interests: https://bit.ly/3BKV3a8. #ActualInvestors

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Great summary Baris. In Scotland, AI and machine learning have been pushing the boundaries between tech and applicable industries - transforming how systems work and how to deliver values to your customers. 

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The UK’s industrial electricity prices are among the highest in Europe, creating a challenging environment for growth and competitiveness. In this clip, Raoul Ruparel (Director, Centre for Growth at Boston Consulting Group) joins City AM to discuss why the UK is uniquely exposed to global energy market volatility. From our domestic gas reserves to the way we fund the "Net Zero" transition through consumer bills, the structural hurdles are significant. How can the UK better insulate its economy from these global shocks? Watch the full video: https://lnkd.in/ejm4Byzq #EnergySecurity #UKEconomy #IndustrialStrategy #BusinessNews #Leadership #BCG

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I am excited to share our latest forecasts for UK CPI, in partnership with Prof Huw Dixon at NIESR (https://lnkd.in/eJ4iXVSt), Prof Jane Binner at Uni of Birmingham and Prof Barry Jones from Uni of Binghamton. We have been optimising our Multi-recurrent Neural Network (MRN) ensembles for predicting UK inflation from Jan to Dec 2026. For this run, we took the “simple” MRN (based on the CPI data alone), and adding one variable to it: the updated Divisia Price Dual (DPD). In addition, since the Divisia Dual is a cost-based index, we also included the simple MRN with the addition of the Bank of England's MPC rate. Our average prediction for UK CPI in Jan 2026 is 3.6% (the ONS will release the actual figure tomorrow). For our initial forecast profile for 2026 and Prof Dixon's analysis of this, please see https://lnkd.in/eiRQnv7f

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