podcast
“The Bosses”
Top fund manager: How does it feel to be responsible for 1.6 trillion euros, Sonja Laud?
Sonja Laud, chief investment strategist at LGIM, is a guest on “Die Boss”
© LGIM
Sonja Laud was once described as the “woman who manages the most money in the world”. Because the chief investment strategist at LGIM in London is responsible for a total of 1.6 trillion euros. She explains how she deals with this enormous responsibility star-Podcast “The Boss”.
Listen to the podcast here or directly at AudioNow, Spotify, iTunes, youtube and other podcast providers.
“Managing money for other people is always under a lot of pressure,” explains Sonja Laud star-Podcast “The Boss”. Laud works in London at “Legal & General Investment Management”, where he is the chief investment strategist and responsible for over 1.6 trillion euros in client funds. However, the sum alone does not create the pressure, she tells podcast host Simone Menne. It’s more about transparency.
In principle, your customers can compare their performance, i.e. the return, with other fund managers on an hourly basis. You have to learn to deal with it, the 47-year-old continues. She can rely on a diverse, broad-based team for this. “I’m not the one who then buys the individual shares. That’s not possible with 1.6 trillion, because I would have to have superhuman capacities to implement it.”
The job of a top fund manager has little to do with numbers
In the podcast, the top fund manager talks about the fact that, contrary to many prejudices, her job doesn’t have that much to do with numbers. Because of math, she almost failed in school. Rather, her analytical thinking helps her to develop the right strategies for her investments. “You have to have an understanding of factual connections and the interpretation of information in order to draw the right conclusions. That’s what it’s all about here in the asset management industry.”
How she learned to deal with the pressure to manage assets for other people, how important sustainability is when investing and how she promotes women in her industry – she tells all of this in the podcast.
In “The Boss – Power is Female” top women talk among themselves: hostess and multi-board member Simone Menne (including BMW, Deutsche Post DHL, Henkel) meets female bosses from all areas of society to talk to them about their lives and careers. “Die Boss” appears fortnightly on Wednesdays on stern.de and the Youtube channel of staras well as on AudioNow and all common podcast platforms.