Sandy Nairn has been the Portfolio Manager of Global Opportunities Trust plc since its inception in 2003
Sandy Nairn BSc, PhD, ASIP, CFA, FRSE
Lead Portfolio Manager
Sandy Nairn is the manager of the Global Opportunities Trust plc, a self-managed global equity investment trust, and an experienced professional investor and author of three original books about investment. He has won multiple performance awards for the management of global equity portfolios.
Sandy was a founder and CEO of the independent investment boutique Edinburgh Partners in 2003. It was subsequently acquired by Franklin Templeton Investments in 2018, from which time until July 2022 he has been Chairman of the Templeton Global Equity Group. Before founding Edinburgh Partners, he was Chief Investment Officer of Scottish Widows Investment Partnership, from 2000 to 2003, and Executive Vice President and Director of Global Equity Research at Templeton Investment Management, from 1990 to 2000. Before joining Templeton Investment Management, Sandy spent for years at Murray Johnstone as a portfolio manager and research analyst. Prior to that he worked as an economist at the Scottish Development Agency.
In 2001 he published a book entitled Engines that Move Markets: Technology Investing from Railroads to the Internet and Beyond. In 2012 he co-authored, with Jonathan Davis, Templeton’s Way With Money and in 2021 published The End of the Everything Bubble: Why $75 trillion of investor wealth is in mortal jeopardy, warning investors about an imminent severe decline in both stock and bond markets.
Sandy Nairn graduated from the University of Strathclyde in 1982 and in 1985 was awarded a PhD in Economics from the University of Strathclyde/Scottish Business School and has been a CFA charterholder since 1992. In 2020 he was elected a Fellow of the Royal Society of Edinburgh.
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.