Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money

69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

  • Tricks
  • disruptive innovation

OPTO Sessions

Introducing Angela Chang Newell of Chamath Palihapitiya’s Emerging Managers Class of 2021

Angela Chang Newell joined Social Capital as a portfolio manager at the start of the year. In previous roles, Chang Newell worked for many prestigious asset managers worldwide, including JPMorgan and Macquarie Asset Management.

 

Her unique and compelling take on US equity investments has seen Chang Newell inducted into an exclusive group — founder and CEO of Social Capital, Chamath Palihapitiya’s emerging managers class of 2021. The industry-first initiative has selected investors of all backgrounds who believe they can develop differentiated strategies to generate outsized returns.

 

Listen to the interview:

Apple Podcasts

Spotify

 

So, what was the key motivation for Chang Newell to move to Social Capital?

“The key motivation was really YOLO,” Chang Newell tells Opto Sessions.

“The goal, or the dream, for many in this job is to ultimately be a portfolio manager — to be the sole decision-maker of the investments of your book.”

She said that an aspiration was to test oneself to see if it could be done and to “generate those returns and not just talk about it but walk the walk”.

This was, for Chang Newell, always the long-term goal.

“In the end, what I love about the job is that you get a report card at the end. You get your returns, there’s no hiding that, and it’s really an opportunity to test yourself.

“In the end, what I love about the job is that you get a report card at the end. You get your returns, there’s no hiding that, and it’s really an opportunity to test yourself”

 

“I really don't know of any — although I’m sure there are other — opportunities such as this one, where someone like Chamath is giving his personal capital to emerging managers and giving them the chance to run their own book and have an audited track record and, over time, maybe do something with that,” Chang Newell explains.

 

To hear more from Chang Newell, including what it’s like from the inside of one of the most talked about companies in the investment industry, and hear her views on what makes an exceptional portfolio manager, listen to the full episode on Opto Sessions.

 

 

Or for more ways to listen:

 

Listen to the full interview and explore our past episodes on Opto Sessions.

Disclaimer Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.

Continue reading for FREE

Latest articles