Skip to main content
  • Wealth management
  • Asset management
  • Wealth management
  • Asset management
  • Financial adviser
  • Financial adviser
  • Individual investor
  • Individual investor
  • MyRathbones login
  • Financial Planning login
  • Donor Advised Fund login
Home
  • Funds and strategies
    Funds and strategies

    Visit our fund centre for our full fund range

    Funds and strategies
    • Equities

      Our 4 UK-based stock-picking funds with investments in the UK and abroad

    • Fixed income

      Our 4 bond funds offering different risk levels, returns, and markets

    • Multi-asset

      6 genuinely active, globally unconstrained, directly invested strategies

    • Sustainable

      Our 3 sustainable funds come in equity, fixed income and multi-asset varieties

  • Literature
    Literature library

    Search our full library for information about a specific fund

    Literature
    • Assessment of value

      See the assessment of value reports for our funds

    • Consumer duty

      Our target market information can help you meet new Consumer Duty requirements

    • Glossary

      Search our A-Z for definitions of industry terms and acronyms

  • About us
    About us

    An active management house, offering a range of investment solutions

    About us
    • Our people

      Search our peoples directory

    • Awards

      See our fund awards from rating agencies and trade publications, dating back to 2002

    • Responsible investment

      Our responsible investment principles ensure that the companies we invest in operate in the long-term interests of shareholders

    • Media centre

      Read the latest Group news

    • MIFIDPRU 8
  • Insights
    Fund insights

    Listen to our fund managers discuss market news and investment opportunities

    Insights
    • In the Know blog

      Read market commentary from our fund managers

    • Review of the Week

      Search the latest market news and insights

    • The Sharpe End podcast

      Listen to the monthly news and views from the Rathbone multi-asset investing team

Let's talk

Search

Gone with the wind

9 September 2025

Investor eyes and ears turned to the US Federal Reserve Chair Jerome Powell’s Jackson Hole speech in August as he hinted that interest rate cuts could be coming in the US.

Rathbones Multi-Asset Portfolio Team

Article last updated 12 September 2025.

Recorded: 3 September 2025 

How did our team respond to the rotation away from tech to cyclical stocks? Turning to energy, President Donald Trump’s been causing more havoc to wind energy developers by striking down projects under development, while on the other side of the pond Europe has its own struggles with getting renewable energy into the grid. 

The team shares their energy exposure across the core and sustainable portfolios, and what they’ve managed to avoid. Lastly, they brief us on Motorola Solutions, a US company focused on public safety and emergency response software and communications, a newer addition to our core funds.  

If we reference any terms you're unfamiliar with, please visit our glossary for an explanation. 

Listen on popular podcast platforms

Apple Podcasts

Apple Podcasts

Podchaser

Podchaser

Pocket Casts

Pocket Casts

SoundCloud

SoundCloud

Spotify

Spotify

The Sharpe End podcast team

Meet the Rathbones multi-asset investing team. 

David Coombs

David Coombs

Head of Multi-Asset Investments

David Coombs

Head of Multi-Asset Investments

David heads our multi-asset investments team, which manages the Rathbone Multi-Asset and Rathbone Greenbank Portfolio funds. He joined Rathbones in 2007 after spending 19 years with Baring Asset Management, where he managed multi-asset funds and segregated mandates. He began his career with Hambros Bank in 1984. 

David Coombs
Will McIntosh-Whyte

David Coombs

Fund Manager, Rathbone Greenbank Multi-Asset Portfolio funds and Rathbone Multi-Asset Portfolio funds

David Coombs

Fund Manager, Rathbone Greenbank Multi-Asset Portfolio funds and Rathbone Multi-Asset Portfolio funds

Will manages the Rathbone Multi-Asset and Rathbone Greenbank Portfolio funds. He joined Rathbones’ charities team in 2007 and was made investment manager in 2011, running institutional multi-asset mandates. He has been with our multi-asset investments team since 2015 and a fund manager since July 2019. Will is a Chartered Financial Analyst (CFA) charterholder and graduated from the University of Manchester Institute of Science and Technology with a BSc Hons in Management. 

Will McIntosh-Whyte
Hannah Kennedy

Hannah Kennedy

Portfolio Management Assistant – Multi Asset

Hannah Kennedy

Portfolio Management Assistant – Multi Asset

Hannah joined Rathbones in 2021 as a Portfolio Management Assistant for the Multi-Asset team, after graduating from Royal Holloway University of London with a first-class degree in Management with Accounting. During her studies and as part of her degree she undertook a 14-month placement, working as a Wealth Management Assistant at Ascot Wealth Management.

Hannah Kennedy
Rahab Paracha

Rahab Paracha

Sustainable Multi-Asset Investment Specialist

Rahab Paracha

Sustainable Multi-Asset Investment Specialist

Rahab is the sustainable multi-asset investment specialist for the Rathbone Greenbank Multi-Asset Portfolio funds. She joined Rathbones in 2021, having worked previously as a junior responsible investment specialist at HSBC Asset Management. Rahab graduated from the London School of Economics with a BSc in Economics, holds the Investment Management Certificate and is a Chartered Financial Analyst (CFA) charterholder.

Rahab Paracha
Emma Letheren

Emma Letheren

Multi-Asset Equity Research Analyst

Emma Letheren

Multi-Asset Equity Research Analyst

Emma joined in October 2024 as the equity research analyst for Rathbones Multi-Asset and Rathbones Greenbank Multi-Asset funds. Prior to joining Rathbones, Emma spent seven years covering the European Consumer Staples sector as an equity research analyst at RBC Capital Markets. She is a CFA charterholder and graduated from the University of Nottingham with a first in BSc Economics.

Emma Letheren

About Rathbones

Rathbones, a FTSE 250 listed company, provides individual investment and wealth management services for private clients, charities, trustees and professional partners. Rathbone Asset Management is a UK fund manager, offering equity and bond unit trusts and a multi-asset fund range to meet your capital growth and income requirements. Rathbone Asset Management Limited is a wholly-owned, London-based subsidiary of Rathbones Group plc.

This podcast is intended for retail and professional investors. Any views and opinions are those of the investment manager, and coverage of any assets held must be taken in context of the constitution of the fund and in no way reflect an investment recommendation. Past performance should not be seen as an indication of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. This podcast has been produced for information purposes only and isn’t intended to constitute financial advice. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording; Investments referred to may not be suitable for all recipients. Any mention of a specific security should not be interpreted as a solicitation to buy or sell a specific security. Rathbone Asset Management Limited is authorised and regulated by the Financial Conduct Authority. A member of the Investment Association. A member of the Rathbones Group. Registered office: 30 Gresham Street, London, EC2V 7QN. Registered in England No. 02376568.

Let's talk

Ready to start a conversation? Please complete our enquiry form, we look forward to speaking with you.

Enquire
Rathbones Logo
  • Important information
    • Terms and conditions
    • Modern Slavery Statement
    • Accessibility
    • Privacy
    • Consumer Duty
    • Cookies
    • Update cookie preferences
    • Sitemap
  • Important Information
    • Complaints
    • Voting disclosure
    • Assessment of value reports
    • TCFD Reports
    • Financial Ombudsman Service
    • Financial Services Compensation Scheme
    • Status of our websites
Address

Rathbones Asset Management
30 Gresham Street
London
EC2V 7QN

Rathbones Asset Management Limited is authorised and regulated by the Financial Conduct Authority and a member of the Investment Association. A member of the Rathbone Group. Registered Office 30 Gresham Street, London EC2V 7QN. Registered in England No 02376568.

© 2025 Rathbones Group Plc Incorporated and registered in England and Wales. Registered number 01000403

Follow us
  • LinkedIn
Welcome to Rathbones Asset Management Adviser Site
This site is designed for financial advisers and investment professionals only. If you are not a financial adviser or investment professional, please visit <a class='affirmation__decline' href='/en-gb/asset-management/individual-investor'>our homepage</a>.

The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.