James Penny began his career at UBS in New York, supporting the bank’s trading desk. He joined TAM in 2014 as an analyst, was promoted to manager in 2016 and became chief investment officer in 2020.

He notes that the firm’s buy lists have moved from ‘a heavy tilt to growth and momentum investing to a more balanced list consisting of growth, value and high-quality funds.’

He says his best call was ‘buying funds benefiting from volatility at the start of 2022’.

His worst call has been holding precious metals through Q2 2022 under the premise ‘this market still held value as an inflation and recession hedge’.

Outside of the industry, if he could turn his hand to something else he would like to help his partner charity ‘Waterloo Uncovered.’ He says he loves the work they do in helping ex-service men and women suffering from the effects of PTSD.