Mitesh Sheth

Articles from Mitesh Sheth

  • ABSOLUTE(LY NO) RETURN BOND FUNDS

    With the Global Financial Crisis (GFC) firmly entrenched in our memories, credit spreads tightening and the rate cycle set to turn, one can understand investors insatiable appetite for absolute return strategies especially when investing in global fixed income markets. Whilst this is not a new idea it remains a relatively immature peer group, with many interpretations and many funds that are not really delivering absolute returns.   Fixed income management has changed significantly over the years. Going back more than ten years most managers offered traditional 'long-only' ... ..read more
  • MONITORING MANAGERS AND KNOWING WHEN TO FIRE THEM

    I was invited to speak at Fund Manager Selection 2014 last week on Manager Monitoring & De-selection. Below is a Prezi that accompanied my talk, the key messages were as follows:   The jury is out on whether anyone can consistently identify the best performing fund manager(s) in each asset class/category/strategy. However, it is crucial that we as consultants must help clients avoid the worst managers. Many of the reasons that cause clients to review their managers (poor performance, departures, etc) are simplistic, one dimensional and often too late. There a ... ..read more
  • WHAT WILL YOU DEVOTE YOUR TIME, ENERGY AND ENTHUSIASM TO THIS YEAR?

      If you are a client of Redington, you will have often heard us espouse the importance of setting clear goals, designing an efficient strategy and ongoing monitoring. In my first blog of the New Year I would like to share what I have discovered personally over the past 12 months about starting with a clear goal, maintaining focus, finding your tribe, introspection and resolutions/commitments. Finding Focus 12 months ago, I left paid employment to enter the uncertain world of self-employment driven by the desire of spending more time with my young family. I ha ... ..read more
  • IS IT REALLY POSSIBLE TO IDENTIFY GOOD FUND MANAGERS?

    I've been involved in identifying, assessing, hiring, developing and managing talented investment managers for most of my career. In 2004, I worked on an initiative, at my then employer, with some organisational psychologists to uncover ‘What are the common traits of the best fund managers?’. A decade later, my current project and the article in this week’s FTfm have brought the question of ‘what makes a really good fund manager’ and ‘is it really possible to identify them through manager research’ back to the surface of my attention. More b ... ..read more
  • OUTCOMES REVOLUTION IN INVESTMENT MANAGEMENT AND PHARMACEUTICALS

    I was recently invited by Sanofi, the fourth largest healthcare company in the world by prescription sales, to talk to 500 of their UK and Irish employees about my experiences with innovation in the investment management industry. As I prepared for the presentation, talked to Sanofi’s leadership team and participated in their workshops, I came to realise the massive parallels between the pharmaceutical and fund management industries. Both industries are in the middle of an outcomes revolution.  Investment outcomes in investment management I was first drawn to investment man ... ..read more

Mitesh is Chief Executive Officer of Redington Ltd.
 
Redington was co-founded 10 years ago, by entrepreneurs Dawid Konotey-Ahulu & Robert J Gardner, to solve the UK pensions crisis. Our goal is to make 100 million people financially secure. Our financial education programme, RedSTART, is working to teach 1 million school children to budget, save, invest and give back by 2025.
 
Between 2005 and 2012 Mitesh held a number of  roles at Henderson Global Investors, a FTSE 250 independent fund management company – from Product Specialist, to Director of Business Innovation and Head of Fixed Income.
 
Before Henderson, he worked at Watson Wyatt LLP (now Willis Towers Watson) as an Investment Consultant, specialising in Fixed Income Manager Research. Mitesh’s career began at Aon Consulting as an investment analyst, where he completed the bulk of his actuarial exams (Institute of Actuaries).
 
He qualified from the London School of Economics with a BSc (Hons) in Actuarial Science in 1999. After graduating, Mitesh spent a year in India studying at Tatvagnan Vidhyapeeth (School of Philosophy).
 
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