Bloomberg Opinion columnist Barry Ritholtz speaks with Co-Chief Investment Officer Simon Hallett about his thoughts on investing and his time spent as Chairman of Plymouth Argyle Football Club in the U.K.

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*The Global Equity Composite contains fully discretionary, fee-paying equity accounts investing in US and non-US equity and equity-equivalent securities and cash reserves, and is measured against the MSCI All Country World Total Return Index (Gross) for comparison purposes. As of June 30, 2020, the Global Equity Composite’s 1, 3- and 5- year annualized returns were 14.77%, 11.34% and 11.23%, respectively. The MSCI All Country World Total Return Index’s 1, 3- and 5-year annualized returns were 2.64%, 6.69% and 7.03%, respectively. Harding Loevner LP is an investment adviser registered with the Securities and Exchange Commission. Harding Loevner is an affiliate of Affiliated Managers Group, Inc. (NYSE: AMG), an investment holding company with stakes in a diverse group of boutique firms. Harding Loevner claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. Harding Loevner has been independently verified for the period November 1, 1989 through June 30, 2020. Verification assesses whether (1) the firm has complied with all composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policy and procedures are designed to calculate and present performance in compliance with GIPS standards. The Global Equity Composite has been examined for the periods December 1, 1989 through June 30, 2020. The verification and performance examination reports are available upon request. Performance data quoted represents past performance; past performance does not guarantee future results. Returns are presented net of management fees and include the reinvestment of all income. Net returns are calculated using actual fees. The US dollar is the currency used to express performance. To obtain a fully compliant Global Equity Composite GIPS Presentation, please contact Harding Loevner at (908) 218-7900 or visit The firm maintains a complete list and description of composites, which is available upon request.