Peter is a former UKSA Policy Director and remains part of the Policy Team. He is also an active investor who contributes regularly to 'The Private Investor'. He has been investing for over forty-five years and now has a diversified portfolio, most of which consist of direct holdings in companies rather than in managed funds. His investment policy is one of trying to identify sound, well-managed companies and investing for the long term. A small proportion of the portfolio is allocated to more speculative investments.