Quality Runs Deeper - First Principles, Broader Horizons
The tectonic plates of investment are shifting. Geopolitics, the normalisation of rates, the advent of AI are permanently redrawing the competitive landscape.
Quarterly Strategy R-co Valor & R-co Valor Balanced
The first quarter of 2026 was marked by a sudden shift in market sentiment. After a start to the year favouring risky assets, March saw the markets shift towards a new environment.
Glass Lewis navigates US backlash with global push
Proxy advisers are facing mounting political pressure in the US, even as demand for their services grows elsewhere. For Glass Lewis, one of the two dominant global proxy advisory firms alongside ISS, that divergence is reshaping both its strategy and its product offering.
Fixed Income Quarterly Strategy
In an environment shaped by an energy shock and a reassessment of monetary policy expectations, interest rate markets experienced a significant correction. Credit overall remained resilient, reinforcing the importance of selectivity.
Sustainability in action: Journalistic ethics as a financial risk factor
Transparency regarding editorial decisions can have a direct impact on our financial assessment of a media company. This was evident during our engagement with Nexstar Media Group, one of the largest owners of local television stations in the US
The active edge: the case for growth in uncertain times
In uncertain times, markets tend to become shortsighted. Investors place less weight on future profits, regardless of the quality of the underlying businesses. As trepidation grows, it can feel as if the mist will never clear.
‘Euro stablecoin stands or falls with support from major banks’
A dozen major European banks have joined forces to offer a euro stablecoin to clients by the end of this year. “We have a better chance of creating a broadly supported stablecoin than fintechs,” said Floris Lugt, CFO of Qivalis, the joint venture that will issue the crypto payment instrument.
Value investing is growing up
For much of the past decade, value strategies have been widely dismissed. Ultra-low interest rates, scarcity of growth, and the relentless rise of Big Tech left value investing looking like a relic of a financial past.
The Great Monetary Illusion: Why equity markets soar in a fragile world
Many investors today look at global equity indices and wonder how markets have risen so sharply over the past two decades in an environment marked by tepid economic growth, recurring geopolitical shocks, and bouts of inflation.
Eastern Europe outpaces the West, but investors remain absent
Eastern Europe has been growing faster than the West for years. Western European companies are benefiting from that growth through large-scale factory investments. International investors, however, have completely missed the bull market. They left after the war in Ukraine and have not returned. According to analysts at Fidelity International and Karoll Capital, it is time to come back.