Sandy Nairn has been the Portfolio Manager of Global Opportunities Trust plc since its inception in 2003
We believe a forward-looking and price disciplined approach to investing that focuses on company fundamentals as the driver of value creation will generate superior returns for clients over the long-term. We call our approach “compound value” to reflect the importance of combining these key elements into our assessment of all investment opportunities.
Deep fundamental business analysis is the core of our investment process. We never invest in a company until we have built our own proprietary financial model and we take the time to really understand how the companies we research operate. We believe the price we pay is critical to the long-term return and downside risk of the investment decisions we make. However, our approach is forward-looking and we prefer to invest in growing companies. The common valuation metric that we use across all recommendations is to compare the current price of a stock with our proprietary forecast of its fiscal year 6 earnings. This allows us to compare every company we research regardless of country or industry on a like for like basis. However, we also recognize that a “one size fits all” approach to valuation has its downsides and we tailor to the specific “type of value” that an individual company represents.
Sandy Nairn BSc, PhD, ASIP, CFA, FRSE
Lead Portfolio Manager
Sandy Nairn is Chairman of the Templeton Global Equity Group (TGEG) and one of the founding partners of UK investment company, Edinburgh Partners where he is CEO & Investment Partner as well as Chairman of the Board of Directors. In his role as Chairman of TGEG, Sandy has oversight of and provides guidance to the senior management of the TGEG.
Prior to establishing Edinburgh Partners, he was Chief Investment Officer of Scottish Widows Investment Partnership (November 2000 to March 2003). Between 1990 and 2000 he was employed by Templeton Investment Management where he was Executive Vice President and the Director of Global Equity Research. During his time at Templeton, he was responsible for overseeing all research activities within the Templeton Group having spent the last year at Ft Lauderdale, Florida.
Before joining Templeton Investment Management, Sandy spent four years at Murray Johnstone as a portfolio manager and research analyst. Prior to that, he spent a year as an economist at the Scottish Development Agency.
In 2001 he published a book titled “Engines that Move Markets: Technology Investing from Railroads to the Internet and Beyond” (2nd edition 2018). In 2012 he published his second book, “Templeton’s Way With Money – the Strategies and Philosophy of a Legendary Investor”.
Dr. Nairn graduated from the University of Strathclyde in 1982 and in 1985 he achieved a PhD in Economics from the University of Strathclyde/Scottish Business School. He is an Associate of the UK Society of Investment Professionals in the UK and is a CFA charterholder with the CFA Institute in the United States.
Richard Spalton MA, CFA
Richard Spalton is a portfolio manager and research analyst for the Templeton Global Equity Group. Richard is focused on researching European stocks and is the lead portfolio manager of a global portfolio.
Richard joined in September 2021 following the integration of the Edinburgh Partners investment team into the Templeton Global Equity Group. Richard joined Edinburgh Partners in 2016, he was responsible for researching the global Technology and Mining sectors.
Prior to joining Edinburgh Partners, Richard worked at Moneda Asset Management in Chile from 2013 to 2016. He began his career at Fidelity International as an Equity Research Analyst in 2008.
Richard graduated from the University of Cambridge in 2008, with a First-Class Honours degree in Economics. Richard is a Chartered Financial Analyst (CFA) charterholder.