A Day in the Life of... an investment manager

What's it like running a big investment house? Peter Thomson, chief executive of Taylor Young Investment Management, runs through a typical day in his diary.

08:15 - Arrive at our office having had the chance to read the Financial Times on the train. Have also scanned comments by research brokers on company results and the news on my Blackberry. What did I do without it?

09:00 - We have a morning meeting attended by all of our fund managers to discuss the news, results and other issues that affect our clients' portfolios. Any changes are agreed and relayed to our dealing team to be implemented.

10:00 - Working party review. We are currently working on a number of projects, including an upgrade to our IT systems, a redesign of our promotional literature and a review of how we are responding to regulatory change in our markets. I meet a number of colleagues to discuss developments.

11:00 - International equity investment meeting. We manage some specialist portfolios that own overseas stocks as well as holdings in the UK. I meet the managers involved to discuss any news relevant to these portfolios and talk through any possible changes.

11:50 - I take a call from one of our brokers inviting me to meet one of their corporate clients at lunch later that week. We have no holdings in the company and a quick look at some research leads me to believe the shares are rather expensive at the moment. Thanking him for his invitation, I gracefully decline.

12:00 - I meet the chief operating officer to discuss any outstanding administrative issues regarding our outsourcing or suppliers.

12:45 - Lunch with an old friend, who is a partner at a firm of solicitors and who has referred a number of clients to us for portfolio management. Follow up on a possible new investor.

14:30 - Meeting with our new PR agency to discuss recent press comment on Taylor Young and hear that two articles have been requested from us by the trade press.

16:00 - Attend six-monthly meeting with the trustees of a charity portfolio I have managed for 15 years. I update them on performance and our views and agree increased income withdrawals.

17:30 - Presentation from a Jersey trust company to the investment managers. A large amount of money is administered from the Channel Islands and we have good relations with a number of firms there.

19:00 - Pick up some research from my in-tray and head off to catch the train home.

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