And here we go again for a new Italian Serie A championship with my favorite team, Cagliari Calcio, which kicked off with a good performance and a 1-1 draw at home against Fiorentina last night. If the championship ended there, Cagliari would be safe from relegation – which would be more than enough to make […]
In a market increasingly seeking yield with greater control, private credit secondaries are emerging as a compelling opportunity. Unlike traditional primary investments that tie up capital for years and require patient ramp-up, secondaries offer exposure to seasoned assets—bringing immediacy, visibility and flexibility to portfolios. 1. Accelerated Deployment, Immediate YieldPrivate credit secondaries allow investors to bypass the […]
A Fed’s rate cut in September rate is still far from guaranteed, in my views, especially after last week’s releases of US CPI and PPI reports, which showed that supercore inflation remains stubbornly high, running at 4% yoy and 3.8% a.r. over last 3M, while companies are passing some tariff costs on to consumers. In […]
US growth is slowing, while inflation is rising. Despite the rosy US Q2 GDP print, the growth details weren’t so great when excluding the extraordinary distortions due to the tariffs’ saga: final domestic demand (i.e. consumption expenditures and capex) is running at about 1.5% a.r. in the first half of this year vs. a quite […]
Markets. Minds. Milan. DECALIA and iM Global Partner are joining forces in Milan for an exclusive event featuring some of the most insightful and influential voices in asset management. Get direct access to market perspectives and strategies from:Alfredo Piacentini, Sandro Occhilupo, CFA, Fabrizio Quirighetti, Richard Bruce from Trinity Street Asset Management and Ben Pakenham from […]
Zurich, 4th August, 2025 – Swiss investment management company DECALIA SA has appointed Manuel Pedretti as Region Head for Business Development in German-speaking Switzerland. This strategic hire underscores DECALIA’s strong commitment to expanding its footprint in the region. In recent years, the firm has earned a reputation for innovation through the launch of thematic equity, […]
Since President Trump continues to act like a sheriff in order to restore law and order in the economic and financial markets, let’s look at the impact of his decisions and measures through the lens of my favorite Western film. First quarter US GDP growth headline was poor (-0.5%), but the details were not so […]
As we put pen to paper, the healthcare sector ranks last but one in the year-to-date performance table, fostering a distinct sense of “déjà-vu”. Indeed, 2023 and 2024 saw healthcare stocks take very little part in the overall equity market rally. At the onset of this year, however, the lights appeared to have turned greener: […]
Forget about the August 1st trade deadline… but beware of the incoming flood of economic data. It seems indeed that Trump’s tariff saga is finally coming to an end as another key trade “deal” was struck yesterday between the US and the EU. This agreement (how could you reasonably conclude a complete and detailed trade […]
