Geopolitics - Bipolarity Defining Our Age The defining geopolitical confrontation of our age is the strategic rivalry between the US and China. Geopolitics remain complex, ambiguous and to varying degrees confrontational, in a world characterized by the growing bipolarity between the global West led by the...
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The collapse of a major US bank doesn’t come as a surprise given the current macroeconomic backdrop with the recent strong and fast rise in interest rates. In this context, the failure and closure of Silicon Valley Bank (SVB) will not be the last significant bank,...
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Transition to a New World Order 2023 has started with the US continuing leading a united Global West, China re-opening and focusing on economic growth, Russia digging in on its illegal military attack on Ukraine and Iran’s regime doubling down on domestic repression. Stay prepared for more...
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2022 was a year of extraordinary surprises for politicians, businesses and investors resulting in a ground-breaking divide, with winners such as Joe Biden, Volodymyr Zelenskyy, Ursula von der Leyen, Jens Stoltenberg, Luis Inácio Lula da Silva and Mohammed bin Salman and on the losing side...
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Financial markets look ahead and discount future developments. Thus, equity markets reflect fears and worries well ahead of actual economic pains, recessionary troughs or corporate distress and defaults. Managing the Fear & Greed Cycle As we know, risk assets move in fear & greed cycles from fear,...
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Clash - Policies versus Markets We continue to live through unprecedented and complex geopolitics, painful inflation battles, economic adjustment and business contraction cycles and turbulent capital markets. Policymakers, business leaders and investors are facing tough challenges - emotionally, intellectually and financially. They have to navigate through transformative...
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Geopolitics - Complexities and Confrontations Geopolitical complexities increase and economic confrontations between the West and Russia and China keep escalating, yet no relief nor resolution is in sight any time soon. Sadly, many countries continue to prioritize nationalist politics over economic and business interests, leading to dire...
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At KFP we have always advocated substantially higher weights to alternatives than most wealth managers. To us alternatives are defined as private equity, venture capital, real estate, private debt and hedge funds. In a well-diversified portfolio, alternative investments can provide the bulk of your returns. This...
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Dear Friends, 2022 has seen dramatic changes of generational proportions including post pandemic effects, a war in Europe, sharply spiking inflation and major economic dislocations and capital market losses. For the time being we stick to our defensive investment stance, as initiated and published since December 2021....
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Chaotic Global Macro at Centre Stage The global macro situation remains complex and chaotic filled with conflicts, cross currents, vastly diverging and often opposing interests: Russia’s unlawful war on Ukraine China’s misguided COVID policy Global energy and food crisis Unprecedented sovereign debt levels Derailed inflation ratesFragmentation in financial marketsIncreasing financial stability...
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