Bull, Bear & Beyond – The Law Debenture Corporation: executive interview

In this interview, Denis Jackson, CEO of The Law Debenture Corporation (LWDB), and Laura Foll, from Janus Henderson, co-manager of the investment portfolio with James Henderson, discuss the investment trust’s differentiated structure, how this has delivered consistent outperformance and its expected resilience in more uncertain economic and market conditions. We recently reviewed LWDB’s 2025 financial performance, a year in which it built on its long-term record of outperformance versus its broad UK equity market benchmark and peers in the AIC Equity Income sector, which extends to multiple time periods. As Denis notes, the trust has outperformed its benchmark in 21 of the last 26 years. We believe LWDB’s unique combination of a UK investment trust and a cash-generative professional services operating business is core to this performance, with resilience built around diversification and active management. Detailed performance data is shown in the April 2026 factsheet.

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About Bull, Bear & Beyond: Each episode features candid conversations with senior executives and from our own team of experts from across industries, exploring strategy, innovation, and the opportunities shaping their markets and 60-second pieces are a compressed summary of content designed to convey our message in a single, easily shareable hit.