Skip to main content
Matt Roberts

Matt Roberts

Partner, Head of Fulcrum Alternative Solutions at Fulcrum Asset Management; pension and alternative asset investment specialist.

Jul 10, 2026

23:22
What's been happening this year? What have you been thinking? what's been keeping you
23:26
busy? I mean, actually, the conversation I was having there about politics, it got me sort of thinking about how wonderful it would be if we saw a sort of reconsideration of the direction of travel, and maybe use some of these changes as an opportunity to just reconsider whether we're going in the right direction overall, and I know we talked a lot about value for money in the last episode we did together, and I'd perhaps summarise that as if you have a system where the inputs are historic performance and some kind of minimum size criteria, then the outputs are very likely to be cost minimisation and herding behaviour.
24:28
And how about a system where you have the inputs as more sort of principles-based, things like trust, integrity, transparency, those types of things.
24:43
And I think you're more likely to get outcomes that are value-for-money outcomes.
24:51
And so I think we probably...
24:54
If you go back over the years, we probably did have a system that was principles-based.
25:00
And the thing that gradually turned us away from that, maybe, on a system level, was some sort of concerns around bad actors.

16 MINS LATER

41:30
Yeah, very,

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click “Accept All” to consent, or “Decline non-essential” to opt out of non-essential cookies. Read our Privacy Policy.