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 […]
Sous le ballet majestueux des ailes d’un avion se cache un monde de contradictions. L’excitation de découvrir de nouvelles contrées s’accompagne en effet souvent d’une certaine culpabilité quant à l’empreinte carbone de ce mode de transport. Et si nous pouvions réconcilier notre désir de voler avec celui de sauvegarder l’environnement ? La réponse se trouve […]
In general, seasoned investors are wary when they hear or read somewhere that “this time is different”. Interestingly, there have been plenty of articles in the financial press lately about China turning eventually Japanese. With weakening growth and inflation already nearing 0%, the current 2nd largest world economy seems indeed on the brink of experiencing […]
Le nombre de #fonds #thématiques a quadruplé dans le monde au cours des dix dernières années. On compte ainsi 2131 de ces véhicules qui investissent sur des thèmes comme la #technologie, la transition énergétique ou la sortie de la #pandémie.Interview de Alfredo Piacentini, fondateur de DECALIA par Sébastien Ruche dans le journal Le Temps.
🚴♂️ Cette semaine, une équipe DECALIA a relevé le défi de gravir le #col de Saxel, atteignant une #altitude impressionnante de 944 mètres, malgré des températures caniculaires !Bravo à eux pour leur #courage, leur détermination et cet incroyable esprit d’équipe. 👏 Lucie Lannoo Cédric Anthonioz Sebastien Demole Jonathan Graas, CFA Gian Luca Grassini Roberto Magnatantini, CFA Sandro Occhilupo, CFA
Join us at IPEM 2023 in #paris this September!Nicolo Miscioscia, Partner and Head of Private Markets at DECALIA will join the panel « How do you run a successful emerging manager program? ».Come and meet Nicolo Miscioscia, Rafaella Ostier, Business Development and Franco Maria Facecchia, Private Markets.See you in Paris! 🚀🚀
When this letter will hit your screen, I will be in Turin… waiting impatiently for the official return of Cagliari Calcio in Italian Serie A with its first season’s game at 18h30 at Torino’s Olympic Stadium. At this stage, I can still dream about glorious victories and a more than honorable ranking by end of […]
•Novo Nordisk’s « SELECT » study released ground-breaking results last week. •The study demonstrated that Wegovy, a GLP-1 anti-obesity drug, reduces severe cardiovascular risk by 20% for non-diabetic obese patients. •This was seen as a best-case scenario, boosting confidence in Novo and Eli Lilly in particular as it paves the way for public and private payer coverage, […]
One of the most interesting aspects of the markets since the start of the year has been that investors have been caught completely off-guard. Your scribe included. Actually, it has been completely upside down compared to the consensus expectations and positioning that prevailed in January: underweight in equities, long China on re-opening narrative, negative techno-long […]
