The changing market

The changing market

‘There is nothing permanent except change’ – Heraclitus It really is quite something for a single company to lose a cool US$100 billion of market capitalisation in a single day…but social media behemoth Facebook managed this last Thursday. So what caused...
Invitation to Join

Invitation to Join

I hope, like me, regular readers have enjoyed Chief Investment Officer Chris Bailey’s stimulating weekly bulletins. Sharing with investors our latest reading of global markets is a key feature of our Fund. Following the introduction of our GDPR Privacy Policy I would...
The buck! So much winning

The buck! So much winning

The US dollar’s recent strength has been dented as the Euro and Sterling find reasons to rebound, and all of this despite the markets expectation that the Fed will raise rates in December. Fed Minutes come out later today and should  shed more light on the expected...
European politics: populists strike back

European politics: populists strike back

Just when the Eurofederalists thought the wind was in their sails the German voters turned out to humiliate both the major centrist pro-EU parties. An ironical aside is that if Bundestag members were elected on the ‘first past the post system’ Mrs Merkel would have...
UK politics: Johnson on manoeuvres

UK politics: Johnson on manoeuvres

It looks like Boris Johnson is cranking up his leadership challenge and it is hard to fault his timing, even if one questions his motives. The widely-shared pivotal assumption that the heads of EU governments will readily concede access to the Single Market looks to...