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Hartford MidCap Value Fund Q4 2025 Commentary

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Hartford MidCap Value Fund Q4 2025 Commentary

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Market Overview

US equities advanced in the fourth quarter, registering a sizable return for 2025. Markets were bolstered by robust corporate earnings, resilient consumer spending, and solid economic growth, although anxiety about lofty valuations in the technology sector and concerns

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Why More UK Founders Are Turning to VA Agencies Instead of Hiring In-House

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Why More UK Founders Are Turning to VA Agencies Instead of Hiring In-House

There is a pattern playing out across UK startups and scale-ups right now that would have seemed unusual five years ago. Founders who can clearly afford to hire a full-time executive assistant are choosing not to.

Instead, they are turning to VA agencies – and not the offshore, five-pounds-an-hour kind. They are paying for managed, EU-based executive support that costs less than an in-house hire and starts working in days rather than months.

Having spent several years building a VA agency that works exclusively with CEOs and founders, I have watched this shift accelerate dramatically since 2023. The reasons behind it tell us something important about how the economics of running a UK business have changed.

The In-House Equation No Longer Adds Up

A competitive EA salary in the UK now sits between £45,000 and £60,000 depending on the city. In London, it pushes higher. Once you add Employer’s National Insurance – which rose again in April 2026 – mandatory pension contributions, equipment, and recruitment fees, the fully loaded cost easily reaches £70,000 to £80,000 annually. That is before you account for the 2-4 months it typically takes to find and onboard the right person.

For a founder managing a £1-5 million business, committing £75,000 per year to a single hire before knowing whether the relationship will work is a significant gamble. And if the hire does not work out, you are back to square one with nothing to show except a few months of mediocre support and an uncomfortable termination process.

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What Changed

Three things converged to make the VA agency model genuinely competitive.

First, remote work stopped being an experiment. Between 2020 and 2023, every founder in the country proved that complex, trust-dependent work could happen effectively without sharing an office. The psychological barrier to remote executive support essentially disappeared.

Second, the EU talent pool became more accessible through agencies, not less. Post-Brexit, directly employing someone in the EU became more complicated. But engaging an EU-based agency through a service agreement remained simple – one invoice, no cross-border employment headaches. For founders who wanted skilled, culturally aligned professionals without the overhead, the agency model became the path of least resistance.

Third, the quality of managed VA services improved substantially. The early virtual assistant industry was dominated by freelancer marketplaces. What has emerged since is fundamentally different. The best VA agencies now recruit, train, and manage executive assistants specifically for founder support, providing account management, quality oversight, and backup coverage. The founder delegates to their EA; the agency manages everything else.

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What Founders Are Actually Getting

A managed VA agency typically charges £2,000 to £3,000 per month for dedicated part-time executive support – roughly half the monthly cost of a full-time in-house hire, with none of the employment overhead.

But what I hear most from founders is not about the money. It is about speed and flexibility. A founder going through a funding round needs intensive support for 8 weeks, then a lighter touch afterward. An in-house hire cannot flex like that. A founder with three businesses needs someone who can hold the complexity of multiple calendars and stakeholder groups simultaneously – and a pre-trained EA from a specialist agency arrives with frameworks for exactly that.

The virtual executive assistant model – where a remote EA operates as a strategic partner rather than a task follower – has matured to the point where it genuinely competes with in-house hiring on quality, not just cost. VA agencies serving UK founders, such as DonnaPro, have built their entire model around this flexibility, typically offering 60-day trial periods with no contracts – something unthinkable in traditional employment.

The Objections That Still Hold – and the Ones That Don’t

Not every founder should use a VA agency. If your business needs 30+ hours of weekly support and you value having someone physically present, an in-house EA remains the right choice. The cultural integration and in-person availability of a dedicated employee are real advantages that remote support cannot fully replicate.

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The objection that no longer holds is the trust argument. After years of fully remote working relationships proving their viability across every industry, the concern that a remote assistant cannot handle sensitive information or communicate with investors has largely evaporated. Modern EA agencies enforce GDPR compliance, background checks, and confidentiality agreements as standard – often with more rigour than a typical in-house hiring process.

Where This Goes Next

The trend is not going to reverse. Employment costs in the UK continue to rise. The pool of skilled, English-fluent professionals across the EU remains deep. And founders who have experienced the flexibility of agency-based support rarely go back to the traditional model.

For UK founders weighing this decision right now, the practical advice is straightforward. If you are spending more than 10-15 hours per week on operational tasks, and your business generates enough revenue to invest £2,000-3,000 per month in support, a VA agency like DonnaPro that specialises in UK founder support is a low-risk place to start. Most offer short trial periods, and the upside is substantial. Not just in hours reclaimed, but in the headspace that comes with finally having someone competent handling the work that has been dragging you down.

The founders building the most resilient businesses in the UK right now are not the ones doing everything themselves. They are the ones who figured out, earlier than their competitors, that the smartest use of their time is not managing their inbox.

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GE HealthCare: A Better Proposition Here

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GE HealthCare: A Better Proposition Here

GE HealthCare: A Better Proposition Here

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Nicola Forrest’s Coaxial swoops on Freo Trades Hall

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Nicola Forrest’s Coaxial swoops on Freo Trades Hall

The $7.35 million acquisition paves the way for the Collie Street building to become a HQ for Nicola Forrest’s family office.

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What is a naval blockade and how would it work in Strait of Hormuz?

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What is a naval blockade and how would it work in Strait of Hormuz?

The US Navy Commander’s handbook on naval operations law from 2022 defines a blockade as a “belligerent operation to prevent vessels and/or aircraft of all States, enemy and neutral, from entering or exiting specified ports, airfields, or coastal areas belonging to, occupied by, or under the control of an enemy State”.

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John Hancock Diversified Macro Fund Q4 2025 Commentary (JDJAX)

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My Thoughts On Momentum Investing

A company of Manulife Investment Management, John Hancock Investment Management serves investors through a unique multimanager approach, complementing our extensive in-house capabilities with an unrivaled network of specialized asset managers, backed by some of the most rigorous investment oversight in the industry. The result is a diverse lineup of time-tested investments from a premier asset manager with a heritage of financial stewardship. Note: This account is not managed or monitored by John Hancock Investment Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use John Hancock Investment Management’s official channels.

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UK could adopt EU single market rules under new legislation

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UK could adopt EU single market rules under new legislation

Sir Keir Starmer is planning a law which will mean that the UK government can adopt EU single market rules, without them being voted on in Parliament.

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Supreme Court to deliver major decision in Wright, Hancock dispute

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Supreme Court to deliver major decision in Wright, Hancock dispute

A judgment over billions of dollars of iron ore royalties is set to be delivered soon but expected to be short-lived with parties guaranteed to appeal.

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'School breakfast club has best toast in the world'

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'School breakfast club has best toast in the world'

Up to 120 pupils go to the free club at Lawley Primary and say it helps get them ready to learn.

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How Todd Mensing and AZA Handle Disputes Across Energy, IP, and Contract Cases

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How Todd Mensing and AZA Handle Disputes Across Energy, IP, and Contract Cases

AZA Law, formally Ahmad, Zavitsanos & Mensing, has operated as a Houston trial firm since 2001, built around a group of lawyers who try cases rather than settle them. Chambers USA ranked the firm for its 12th consecutive year in 2025, describing it as a home for “true courtroom lawyers” with a track record in complex commercial and intellectual property disputes. Name partner Todd Mensing of AZA holds board certification in Civil Trial Law, a credential awarded to an average of fewer than five Texas attorneys per year, and has tried more than sixty cases across energy, patent, contract, trade secret, and employment matters. Specific documented outcomes, drawn from court records and firm summaries, show how the practice actually divides.

AZA’s core categories, as described by Chambers and reflected in the firm’s own case archive, include commercial litigation, intellectual property, energy, trade secrets, non-competes, and corporate investigations. Best Lawyers recognized the firm as Tier 1 in Houston for commercial litigation, intellectual property, employment law for management, construction litigation, personal injury litigation for defendants, and appellate work in its most recent edition. For Todd Mensing and AZA, those categories don’t stay neatly separated; the trial record runs across all of them.

Energy Disputes and the Subsurface

Among AZA’s documented energy cases, the SilverBow Resources litigation produced one of the most scrutinized Texas oil-and-gas verdicts of recent years. SilverBow Resources Operating LLC and co-plaintiff El Dorado Gas & Oil, Inc. sued ETC Field Services, LLC, an affiliate of Energy Transfer, alleging that the defendant’s injection of natural gas processing byproducts trespassed on subsurface formations the plaintiffs had the right to occupy.

Todd Mensing at AZA served as one of the trial counsel for SilverBow, alongside firm partners Taylor Freeman, Jane Robinson, and Cameron Byrd. A McMullen County jury in the 343rd District Court returned a combined award of $41.8 million: $24.5 million to SilverBow and $17.3 million to El Dorado. Verdict Search and The National Law Journal placed the result on their national top-verdict lists for 2023.

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Taking Patent Claims Through the Federal Circuit

Chambers ranked AZA’s intellectual property practice for the fifth consecutive year in 2025 and the firm’s commercial litigation category for the 12th. IAM Patent 1000, which tracks patent litigation specialists, has listed the firm and ranked Todd Mensing of AZA as a leading IP litigator. His patent and IP work spans infringement claims, trade secret disputes, and commercial technology cases, often for energy and industrial sector clients.

One of the firm’s most closely followed patent wins involved a challenge to Google over spreadsheet navigation patents. AZA represented Data Engine Technologies LLC, whose patents described “a highly intuitive, user-friendly interface with familiar notebook tabs for navigating the three-dimensional worksheet environment.” A Delaware district court had dismissed those claims as covering abstract ideas ineligible for patent protection. The Federal Circuit reversed that ruling in October 2018, reinstating three of the patents and holding that the claimed technology was sufficiently concrete to qualify.

That outcome illustrates how AZA approaches patent disputes: representing patent holders against major defendants and carrying claims through federal appellate proceedings when district courts rule against clients. For Todd Mensing and AZA, the patent docket fits within the same trial-oriented model as the commercial and energy work.

A Breach of Contract Case in Federal Court

Port of Houston Authority v. Louis Dreyfus Commodities shows how the firm’s commercial contract practice looks in federal court. AZA represented the Port of Houston Authority in a breach of contract suit against a grain elevator operator in Case No. 4:19-cv-00746, before U.S. District Judge Lynn Hughes in the Southern District of Texas. Todd Mensing served as lead trial counsel for AZA throughout the proceeding.

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The dispute turned on maintenance obligations under a long-term operating agreement with the grain elevator operator. After a jury trial, the Port of Houston received a $22.32 million verdict for breach of contract. Translating grain elevator maintenance standards and operator performance benchmarks into a damages framework the jury could quantify was a central challenge at trial.

Trade Secret Defense in the Energy Sector

Sentinel Integrity Solutions, Inc. v. Mistras Group, Inc. shows how Todd Mensing and AZA approach trade secret defense with a noncompete overlay. Sentinel, a competitor to Mistras in the industrial infrastructure inspection industry, sued Mistras and several of its employees for breach of non-competition agreements, theft of trade secrets, and tortious interference. Sentinel sought $9 million in damages.

AZA, with Mensing and John Zavitsanos as trial counsel, first defeated Sentinel’s efforts to obtain a temporary restraining order and preliminary injunction. When the case proceeded to a three-week jury trial, Sentinel received a no-liability finding on all claims and Mistras was awarded $750,000 in attorneys’ fees through trial, plus additional fees on appeal. The court issued a final judgment canceling Sentinel’s trademark and awarding Mistras its costs.

Sentinel also illustrates a pattern that appears across several AZA trade secret matters: clients accused of misappropriation who are competing lawfully. Noncompete enforcement combined with trade secret claims and trademark disputes is not unusual in the energy services sector, where personnel movement between competitors is common and former employers often reach for injunctive relief as a first response.

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AZA’s employment docket extends beyond trade secret defense to affirmative executive claims. Mensing won a jury verdict for former executive Gaines Watkins against Input/Output Inc., a seismic data company, in an age discrimination suit. The energy industry context recurred: Watkins had worked in the seismic processing business, and the case turned on whether his departure was an unlawful termination rather than a legitimate reduction in force.

Across these practice areas, from energy and patents to contract disputes, trade secrets, and employment claims, the common thread is that Mensing and the firm have taken cases to verdict rather than settling before the jury could weigh in. Chambers’ description of the firm as home to “true courtroom lawyers” reflects a practice model that is trial-ready by design. Best Lawyers named AZA Tier 1 in Houston across six litigation categories in its most recent edition. What the case record shows, more than any ranking, is a firm that takes cases to the jury and wins a significant share of them.

Keep reading: John Zavitsanos Named One of Top Law Firm Managing Partners in the Nation

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Find the Most Affordable Enclosed Car Transport Service for Your Project Car

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Find the Most Affordable Enclosed Car Transport Service for Your Project Car

Project cars are different from everyday vehicles. They may be partially restored, freshly painted, mechanically sensitive, or filled with custom parts that make protection more important than convenience. That is why many owners start by looking for the most affordable enclosed car transport service instead of choosing standard shipping and hoping for the best.

The key is not simply finding the cheapest quote. It is finding the right balance between protection, reliability, and cost. That is where premium enclosed car shipping becomes relevant. For project car owners, the goal is to protect the vehicle properly while still keeping the transport cost under control.

Why Enclosed Transport Makes Sense for a Project Car

A project car often has more risk factors than a normal daily driver. Some have unfinished bodywork. Others have custom parts, delicate trim, rare components, or fresh paint that the owner does not want exposed to weather, road debris, or general highway grime.

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That is why enclosed car transport service is often the smarter choice. Enclosed shipping gives the vehicle more protection in transit and reduces outside exposure. If the project car represents serious time, effort, or money, enclosed transport usually makes more sense than trying to save a little upfront with open shipping.

Can Premium Enclosed Car Shipping Still Be Affordable?

Yes, but affordability needs to be defined correctly.

Too many people think affordable means finding the lowest number online. That is amateur thinking. In this industry, a quote that is too cheap often leads to delays, weak communication, or unrealistic expectations. A fair rate that actually gets the vehicle moved is better than a fantasy rate that goes nowhere.

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That is why the smartest way to approach premium enclosed car shipping is to focus on value. You want strong protection, realistic timing, and pricing that fits the route without paying more than necessary.

What Affects the Cost of Enclosed Car Transport?

Several things affect what you will pay to ship a project car in an enclosed trailer.

Distance

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Longer routes cost more overall, although the cost per mile may improve on long-distance shipments.

Vehicle size and condition

Larger project cars or non-running vehicles can cost more because they take more space or require special loading.

Pickup and delivery locations

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Major-city routes are often easier to service than remote or hard-to-access areas.

Timing flexibility

If you can be flexible, pricing usually improves. Tight deadlines usually increase cost.

Market availability

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Some routes have stronger enclosed carrier availability than others. That directly affects price.

Seasonality

Busy moving seasons, collector events, and auction periods can all influence enclosed transport demand.

A serious company should be able to explain these variables clearly instead of hiding behind vague pricing.

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When a Project Car Should Use Enclosed Shipping

Enclosed shipping is usually a smart decision when:

  • the vehicle has fresh paint or bodywork
  • the car is a restoration in progress
  • the project has rare or hard-to-replace parts
  • the vehicle is headed to a shop, buyer, show, or auction
  • the owner wants extra protection during a long-distance move

For these cases, premium enclosed car shipping is often not an unnecessary luxury. It is basic protection for a vehicle that matters.

How to Lower the Cost Without Making a Bad Decision

There are smart ways to reduce cost without increasing risk.

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Book early

Waiting until the last minute usually gives you fewer options and worse pricing.

Stay flexible

A wider pickup window gives carriers more room to fit the vehicle into an efficient route.

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Be honest about the car’s condition

If the project car does not run, roll, steer, or brake properly, disclose it upfront. Hidden issues create delays and added cost.

Use accessible locations

If the trailer can reach the pickup and delivery points easily, pricing is often more reasonable.

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Focus on fair pricing, not cheap pricing

This is the part people fight. Cheap is not the goal. Successful transport at a fair rate is the goal.

What to Look for in an Enclosed Car Transport Service

If you are comparing companies, pay attention to more than the sales pitch.

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A strong provider should offer:

Clear communication

You should know the process, timing, and expectations before the shipment begins.

Realistic pricing

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A trustworthy company will explain the market instead of baiting you with a number that does not work.

Experience with specialty vehicles

Project cars need more thought than standard commuter vehicles.

Route flexibility

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A company should be able to support local, regional, and long-distance enclosed shipments.

Reliable support

The right service stays involved from pickup through delivery.

These are the traits that matter most when looking for an affordable enclosed car transport option for a project vehicle.

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Final Verdict: How to Find the Most Affordable Enclosed Car Transport Service for a Project Car

The best move is not to chase the cheapest quote. The best move is to find a service that offers real protection, honest pricing, and dependable execution.

For most project car owners, that means choosing premium enclosed car shipping when the vehicle has enough value, work, or risk to justify the added protection. If you want the transport to be affordable, control the variables you can control: book early, stay flexible, and work with a company that prices the shipment realistically.

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