Inside the Special Investments Strategy of the Majedie Investment Trust | Arjun Menon | Ep.140

In this episode, we're diving deeper into the Majedie Investment Trust, with a special focus on a unique part of the portfolio — special investments. Joining us is Arjun Menon from Marylebone Partners, the trust’s investment advisor. Arjun breaks down what special investments are, how they’re sourced, and why they play a crucial role in delivering high-conviction, high-return opportunities — all while maintaining the trust’s commitment to liquidity and risk management. We’ll also hear about two real-world examples from the portfolio: 📈 An activist play in US restaurant chain Portillo’s, 💼 And a credit-focused opportunity involving Metro Bank’s bonds. Whether you're an experienced investor or just curious about how institutional-grade deals are put together, this episode offers valuable insights into how a blend of external managers, direct equities, and special investments creates a truly distinctive strategy. Listen on: Spotify - https://open.spotify.com/show/2vfaIsYhqcRejpjWNqYF6f Apple Podcasts - https://podcasts.apple.com/gb/podcast/the-armchair-trader-podcast/id1454640070 Amazon - https://music.amazon.co.uk/podcasts/68a66097-24d8-403e-a86f-70fab0d2d686/The-Armchair-Trader-Podcast SoundCloud - https://soundcloud.com/armchairtrader/ Follow us: BlueSky - https://bsky.app/profile/thearmchairtrader.com Linkedin - https://www.linkedin.com/company/10429893 Instagram - https://www.instagram.com/armchairtrader Facebook - https://www.facebook.com/TheArmchairTrader 00:00 Intro to Majedie Investment Trust 02:47 What is a Special Investment? 04:43 Criteria for selecting a new investment 05:17 Activist campaigns: Portillo's 09:34 Metro Bank bond investment 14:01 What asset classes do you invest in? 14:34 Network is everything 15:33 Staying on top of liquidity 17:45 Can these investments be accessed by retail investors? 19:22 How unique is the Majedie trust's portfolio?