Is value investing making a comeback? Jack Barrat shares his perspective on why today’s market environment may present compelling opportunities, how AI is transforming fund management, and why some of the most interesting investments are often overlooked.

Jack Barrat is a portfolio manager at Man Group, with over a decade of experience applying a disciplined value investing approach across a range of market conditions, including periods of significant volatility, inflationary pressure and structural change.

He explains:

▪️ Why UK stocks remain one of the world's cheapest markets

▪️ How to distinguish between a value trap and a genuine opportunity

▪️ Why AI could present a significant productivity shift in fund management

▪️ The sectors he finds most interesting from a valuation perspective today

▪️ How his team approaches high-conviction buy and sell decisions

(00:00) Intro

(00:47) From a Starbucks to Man GLG

(01:44) The Advantage of Man Group

(02:33) Building a High-Performing Investment Team

(04:37) The Toughest Year of Jack's Career

(05:06) Why He Runs Long & Short

(05:52) What Really Drives a Fund Manager

(07:18) Jack's Investment Philosophy

(09:14) Value Trap or Opportunity?

(12:09) How AI is Changing Fund Management

(17:43) "Please Don't be Afraid of AI"

(20:34) Is the UK Market Cheap?

(23:25) How the Team Makes the Call

(25:26) Jack's Definition of Risk

(27:02) The Biggest Risk to the Strategy

(31:09) Why Good |Management Takes Years to Matter

(33:32) The "Bathtub of Knowledge"

(37:31) What Keeps Him Awake at Night

(38:29) Three Books That Shaped How he Invests

(40:27) Inside a 5am Start

(43:07) The Team Behind the Fund

(45:21) Disclaimer

Recorded On: 27/04/26