Charles Heenan: the value of doing nothing

Merryn Somerset Webb talks to value investor Charles Heenan of Kennox Asset Management about his investment strategy – and the financial benefits of doing nothing for long periods of time.

Merryn: Hi, I'm Merryn Somerset Webb, editor-in-chief of MoneyWeek magazine. Welcome to another one of our fund manager interviews. With me today is Charles Heenan, who is the founder of Kennox Asset Management and the manager of their only fund, the Strategic Value Fund. Now, Charles, tell us a little about the fund. I know it's a value fund and MoneyWeek at the moment, we're really interested in value investing. So we're particularly interested to hear about how the fund works and why you invest it like you do.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.