Investment Letter Q3 2022

“We all need to get the balance right between action and reflection. With so many distractions, it is easy to forget to pause and take stock.” Queen Elizabeth II At the start of the summer, a traditionally quieter time for trading activity, investors around the world...

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Investment Letter Q2 2022

“Inflation, like the genie in the lamp, is very difficult to control when it is released.” Iván Martín, Magallanes We are leaving behind the worst quarter for global equities and bonds in aggregate since 1990. With inflation remaining stubbornly high, central banks...

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Investment Letter Q1 2022

“I don’t know if war is always pointless,’ she said. ‘I know it’s always tragic.” Catherine Ryan Hyde Financial markets were unsettled this quarter by the deeply saddening events in Ukraine which have dominated the news over the last six weeks. Emerging Market, Asian...

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