Insights

Our management approach follows rigorous and thorough investment processes based on our assessment of the macroeconomic situation and on a fundamental analysis. We share all our insights with you.

January to April 2019
After a challenging Q4 2018, we witnessed one of the best starts to the year for hedge funds since 2006.
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Our monthly view on asset allocation (June 2019)
Let’s get straight to the point – disappointments and concerns are mounting. First, economic growth momentum remains weak. [...]
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May 2019
The US economy is bending, but not breaking. Economic growth momentum has been softer since Q4 last year, due to a variety of factors.[...]
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Our monthly view on asset allocation (May 2019)
Markets continued to be supported by the goldilocks markets environment, where central banks remain dovish, growth is decent and there are no signs of inflationary pressures. [...]
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April 2019
The U-turn performed by the US Federal Reserve in a matter of six months is quite spectacular and possibly unprecedented. In early October 2018, the Fed had just raised its key rate for the seventh[...]
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Cinderella before the ball
European equities are trading at five-year valuation lows due to growth fears and record fund outflows. [...]
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Our monthly view on asset allocation (April 2019)
Markets continued to move higher over the period as central banks are expected to remain accommodative, extending the business cycle.  Despite that, we believe that it is now too late to chase the ral [...]
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March 2019
Amid rising concerns around the global growth outlook – and one month later than usual due to the government shutdown – the first estimate of US GDP growth during the fourth quarter of 2018 proved rat[...]
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Catch me if you can
In this focus piece we are having a closer look at the fundamental, technical and valuation characteristics of global credit markets, their potential returns for 2019 and indicate our preference for E [...]
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