I think I have had another calling, like in the Netflix series “Manifest” (see my weekly letter of August 22nd, 2022), as I was feeling and I have thus argued that something was changing or has changed for some time now… Actually, it all started at the end of last year when I did a […]
“Eppur, si muove”… Who would have thought it? Despite an increase of 525bps in the US Fed funds rate over the last 18 months, the US economic growth continues to defy rates gravity, as well as most pundits, showing resilience -to say the least-. Even more striking, financial conditions still remain broadly accommodative…, which is […]
If deciphering the economic cycle has never been this difficult, it is certainly because other, more structural forces are currently at play. Beyond complicating the interpretation of economic reports, the Covid pandemic and subsequent war in Ukraine have also served to accelerate some underlying trends. It is quite possible that we stand today on the […]
Considering the increase in US long rates (both nominal and real ones) over the last few weeks, the ongoing disinflation process and the renewed strength of the greenback lately, gold prices in USD have proved more resilient than expected so far this year. Especially if you remember what happened during the tapper tantrum in 2013… […]
Reji Vettasseri. Lead Portfolio Manager der DECALIA Private Credit Strategies Attraktive Marktbedingungen für eine bewährte Anlageklasse Private Credit auf dem Vormarsch Anfang dieses Jahres erklärte der Präsident von Blackstone, Jonathan Gray, für den Private-Credit-Markt habe ein „goldener Moment“ begonnen. Die Führungsspitzen zahlreicher Unternehmen, von BlackRock über Goldman bis zu JP Morgan, haben diese Einschätzung und […]
DECALIA Private Markets team participated at #IPEM in Paris, one of the world’s leading private markets events. Thank you IPEM for inviting Nicolo Miscioscia, Partner and Head of Private Markets, to the panel discussion on Emerging Managers with industry leaders (Bpifrance, Unigestion and Neuberger Berman). Nicolo Miscioscia Rafaella Ostier Francesco Figliomeni Franco Maria Facecchia
Thanks to WIZE by TeamWork for organising such a fun #activity! We had a great time 🏎 🏎! Sandro Occhilupo, CFA Bernard Allseits Jonathan Graas, CFAQuirien Lemey, CFAIana Perova
The investment theme focusing on Aging Populations is stronger than ever. Barron’s, The Economist, Netflix, seem to agree with us. Dive into DECALIA’s expertise. Details? Just ask. More Americans Are Working Into Their 80s. What’s Keeping Them in the Workforce. As the baby boomers age, it’s becoming more common for people to remain employed into […]
While China is facing structural risks from the 3Ds of Debt, Demographics and Deflation as recently coined by Morgan Stanley, the macro backdrop could be defined as CCC with economic data sending Confusing and somewhat Contradictory messages in an overall still Challenging context. Let’s take the latest US data released on Friday. Beyond the upside […]
