And there you have it, Italy was served a cold pizza -with pineapple on it- by hungry Vikings from Norway last night: final score 1-4. Now, there’s a strange uncertainty hanging over the participation of the Azzurri to next World Cup… Will Italy be there? No one knows but this last defeat and the past […]
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: […]
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 annuncia la chiusura finale del suo secondo fondo di credito privato, DECALIA Private Credit Strategies II (“DPCS II”), con una raccolta complessiva di 311 milioni di euro, superando di oltre due volte e mezzo la dimensione del fondo precedente e oltrepassando l’obiettivo iniziale fissato a 250 milioni di euro. Il fondo investe nel […]
I recenti fallimenti di Tricolor e First Brands negli Stati Uniti hanno gettato un’ombra sul mercato del credito privato, con commenti pubblici da parte di figure di spicco del mondo finanziario, incluso il monito metaforico su ulteriori perdite di questa asset class da parte del CEO di JPMorgan Jamie Dimon, il quale ha affermato che […]
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, […]
Le tensioni geopolitiche e i rapidi progressi tecnologici stanno trasformando l’industria della difesa in uno dei temi d’investimento più dinamici del decennio. La crescente necessità di riarmo a livello globale e un cambiamento nella percezione ESG aprono oggi nuove opportunità di crescita a lungo termine. DECALIA spiega perché il super-ciclo della difesa è ben lontano […]
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, […]
