Jonathan Mills & Simon Denison-Smith
Metropolis Capital Management
Metropolis are value investors who evaluate businesses with a private-equity mindset, investing as if they are buying the whole business with the aim of achieving above average returns. This means carefully analysing a business’ performance risk (how good their operational performance is) and valuation risk (whether they’re valued appropriately).

Jonathan Mills
Co-Founder & Portfolio Manager
Both Jonathan and Simon met whilst working as Strategy Consultants for Bain & Company. Jonathan has brought this same analytical mindset and proactive spirit with him to Metropolis – co-founding the firm with Simon, and co-managing its global equity strategy since its launch in 2008.

Simon Denison-Smith
Co-Founder & Portfolio Manager
Simon has been with Metropolis since its inception. But before this, he founded Rave Technologies, a software business servicing clients across a wide range of industries. He sold the business in 2006, delivering a 32% pa return to Rave’s principal investor.
Introducing Metropolis Capital Management
FILMED IN MARCH 2021.
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The big question: Is the stock market becoming too short term?
FILMED IN MARCH 2026.
In our latest Big Question, Simon Denison-Smith, Thomas Davis and Andy Headley explore how quarterly reporting, passive investing, and retail participation affect short-term market behaviour, long-term investing, and opportunities for active stock pickers.
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