Our Investment Thesis

Our central investment thesis is that we believe in the increasing economic power of the Machine in the two century long battle for supremacy between Man & Machine

Strategy

Growth

We invest in elite growth companies aligned with the next decade of progress.

“I skate to where the puck is going to be, not where it has been.”— Wayne Gretzky

Data Driven

Our investment process is rooted in data and AI, not subjective human opinions.

“I believe that the biggest problem that humanity faces is an ego sensitivity to finding out whether one is right or wrong… Algorithms are like recipes for making decisions.”– Ray Dalio

Play to Win

We are not here to track an index. We do not diversify arbitrarily or “trim” success. We back companies that play to win because we believe elite performance should be rewarded, not penalized.

“I bought these stocks because I believed they were elite; it would not be logical to punish them now for proving it.”— John Maynard Keynes

The Shift from Man to Machine

The Industrial Revolution, beginning at Cromford Mill in 1771, was about the mechanization of muscle. It replaced the physical limitations of the human arm with the tireless output of the machine. The Ai era represents the second half of that journey: the mechanization of the mind.

By converting human cognitive tasks into digital workflows, we are transitioning from a world where growth is constrained by headcount to a world where growth is constrained only by compute.

For centuries, labor has been the single largest component of the global economy. With roughly $55 trillion spent annually on human capital today, there is a massive TAM for Agentic Ai as a direct substitute for human labor.

“It’ll be 10 times bigger than the Industrial Revolution – and maybe 10 times faster.”

– Demis Hassabis on our Ai future

Meet Our Team

Mark

Mark

Mark is a qualified chartered accountant (Deloitte) and has previously worked at ABN Amro Hoare Govett.

Mark has a degree from the Economics department of the University of Exeter and a BSc (Honours) Computing & IT degree from the Open University.

Richard

Richard

Richard is a CFA ® charterholder and has previously worked at EIC.

Richard has a degree from the Economics department of the University of Manchester and a BSc (Honours) Computing & IT degree from the Open University.

Brett

Brett

Brett (former solicitor – Nabarro Nathanson) is Head of Governance and Risk Oversight. Brett also sits on the Investment Committee.

He has degrees from the London School of Economics and University of the Witwatersrand (SA).

Orlando

Orlando

Orlando holds an MEng in Biomedical Engineering from Imperial College London and is a CFA® Exam Level III Candidate.

MLCM does not have any representatives that are not listed on this page, please be aware of possible scams.

Manchester & London Investment Trust

Please read further information on the Manchester & London Investment Trust

M&L Newsletters

Subscribe to Our Newsletters

Each month we share the opportunities that the markets present to us.

Manchester & London Investment Trust plc

Important Information

About This Website

Published by M&L Capital Management Limited (“MLCM”), authorised and regulated by the Financial Conduct Authority (FRN 672181) and the UK marketing agent for Manchester & London Investment Trust plc (“MNL”), which is listed on the London Stock Exchange.

Nothing on this site is an offer, solicitation or invitation to buy or sell shares, or investment advice. It is intended for UK investors only and is not an offer of securities elsewhere, including the United States.

Past performance is not a reliable indicator of future returns.

The value of investments can fall as well as rise and you may get back less than you invest.

Beware of Scams

MLCM never offers direct investments or loans, holds client money or deals via social media. See our Fraudulent Activity Disclosure.