What top fundies learned in 2025, and how they’ll act on it 2026

In a year as frantic and fluid as 2025, it can be hard to know what is a valuable learning experience and what is just noise.

But it goes without saying that eventful times in markets will always throw up the opportunity for some new lessons and some old lessons best relearned. 

As part of our 2026 Outlook Series, we asked 10 leading fund managers to share the key lesson they learnt in 2025 and how that's informing their approach going into 2026.

From trimming winners too early to working out how to play the big market shifts, these lessons from 2025 should help you become a better investor in the year ahead.

These interviews were filmed on 9 December 2025.