While Cagliari Calcio is struggling to remain afloat in Serie A rankings, with a flattering and much-needed tie game against Como yesterday, there is an asset class, often accustomed to the bottom places of financial markets returns, which is thriving this year. Any guess? You have to look south, and even further south than Sardinia: […]
Dans cet épisode de Be to B, entretien avec Alfredo Piacentini, directeur et cofondateur de la société de gestion Decalia à Genève. L’entrepreneur retrace son parcours, de son arrivée d’Italie dans les années 1960 à la création de plusieurs établissements financiers suisses, avant de revenir sur les défis actuels du monde bancaire.
Reji Vettasseri, Lead Portfolio Manager of DECALIA Private Credit Strategies Superheroes or villains? Private lenders might seem to think of themselves as nothing short of financial superheroes – offering hope and smart capital to the world’s forgotten borrowers, and drawing strength from elevated base rates to deliver supercharged returns. But every time a major default […]
DECALIA SA has held a final close on its second private credit fund, DECALIA Private Credit Strategies II (“DPCS II”) at EUR 311m, exceeding the size of its predecessor vehicle by more than 2.5x and beating its original fundraising target of EUR 250m. The fund invests in European specialised credit, targeting double-digit net returns by […]
Les récentes faillites de Tricolor et First Brands aux États-Unis ont jeté une ombre sur le marché du crédit privé, avec des déclarations publiques de personnalités éminentes du monde financier, notamment l’avertissement métaphorique du PDG de JPMorgan, Jamie Dimon, concernant de nouvelles pertes dans cette classe d’actifs, affirmant que d’autres cafards allaient faire surface. Si […]
It’s currently difficult to have strong “macro” convictions with the ongoing US data blackout. In the meantime, US earnings have been pretty stellar so far, turbo charged once again by those of the mega cap tech stocks, tensions between US and China have eased -at least temporarily- thanks to a new trade truce, while the […]
Why think local when markets are global? In today’s interconnected world, megatrends such as AI, energy transition, ageing demographics and digitalisation know no borders. Neither should your equity allocation. At DECALIA, our Global Equities approach combines an unconstrained investment universe with high conviction stock picking, allowing us to capture the best companies and structural trends, […]
Geopolitical tensions and rapidly advancing technological developments are making the defense industry one of the most dynamic investment themes of the decade. Global rearmament needs and a changing focus on ESG are opening up new opportunities for long-term growth. Decalia explains why the defense supercycle is far from over.
In meteorology, we often distinguish between the actual temperature and the feels-like temperature – the latter reflecting how the air truly feels on our skin once humidity, wind, and other invisible factors are taken into account. In recent months, the US economy has been behaving much the same way: the numbers on the screen (inflation, […]
