Dr Paul Jourdan - CEODr Paul Jourdan co-founded Amati Global Investors following the management buyout of Noble Fund Managers from Noble Group in January 2010, having joined Noble in 2007 as Head of Equities. His fund management career began in 1998 with Stewart Ivory, where he gained experience in UK, emerging market, and global equities. In 2000, Stewart Ivory was taken over by First State and Paul became manager of what is now TB Amati UK Smaller Companies Fund. In 2004, he was appointed Head of UK Equities at First State. In early 2005, he launched Amati VCT plc and he also manages Amati VCT 2 after the investment management contract moved to Amati Global Investors in 2010 (In 2018 Amati VCT merged into Amati VCT 2 which was then renamed Amati AIM VCT). Prior to 1998, Paul worked as a professional violinist, including a four-year period with the City of Birmingham Symphony Orchestra. He serves as a trustee of Clean Trade, a charity registered in England and Wales.
Should UK investors fear a Brexit?
Posted by Paul Jourdan on 30/Nov/2015
"I believe that investors, and indeed all UK citizens, should fear a Brexit. In Scotland we know about "exit" type arguments. On the one hand there are all the usual "grass-is-greener" type arguments in favour of taking a leap into the unknown, which will probably turn into excessive denial of obvious risks as we get nearer the time.
On the other hand to pragmatists it will be abundantly clear that the costs of this type of re-arranging of the political deck chairs are always underestimated and will massively outweigh any mooted benefits.
But the deeper argument relates to what in the long-run will be best for European stability and, most importantly, peace. In this regard a Brexit would be an act of great complacency.
Events in the Middle East over recent years have clearly shown how rapidly the undermining of long-established alliances can lead to catastrophe. We should be fearful of unsettling the delicate balance of power which has brought Europe peaceful co-operation in the post-WWII era, lest the prospect of greener grass turns quickly to mud".