I am a highly successful portfolio manager with over 20 years experience of North American and UK equities. For the past 11 years, I have been co-managing the North American equity portfolio for Aerion Fund Management (manager of the £15bn National Grid Plc pension scheme). Prior to that I was managing/analysing UK equities for over 10 years, most recently at Aerion Fund Management and before that at National Provident Institution (NPI), Natwest Investment Management and United Friendly Asset Management. In my role as co-manager of the North American portfolio, I am jointly responsible for our investment process and portfolio construction as well as analysing companies as potential investments. In assessing companies, I often travel to the US to meet management in a one-to-one environment (over 25 trips), primarily to assess their long term strategic opportunities as well as barriers to entry in their industry. I was a member of Aerion’s thematic investing group from 2008-2011. Group took hedged positions in ‘themes’ not exploited in other parts of the pension fund (in equity or fixed interest positions). Success in identifying and exploiting structural themes via equities led to the incorporation of greater thematic approach in the North American portfolio from 2012.