Dimon: bond markets face forced adjustment as fiscal risks compound
Jamie Dimon, chairman and chief executive officer of JPMorganChase, has warned that global bond markets are heading toward a crisis unless policymakers act before markets force their hand, pointing to a compounding mix of persistent government deficits, geopolitical instability and inflation pressures that sovereign debt has yet to fully price in.
Janus Henderson: Unravelling myths: The hidden truths of Emerging Markets Debt
In this paper, we address key misconceptions about EMs that may be preventing investors from embracing this asset class, with a specific focus on hard currency EM sovereign debt.
Capiva Plus fund admits governance failures, seeks reset
A Belgian-led private fund, structured as a Luxembourg RAIF, at the center of a Dutch regulatory probe has acknowledged serious failures in governance and investor reporting, as it attempts to rebuild trust with two wealth managers whose clients were exposed to the structure.
Inflation fears pull European yields further apart
The Iran war has broken the trend toward greater convergence between yields on European government bonds. Yields rose particularly sharply in Italy and the United Kingdom, while countries such as the Netherlands and Spain managed to limit the damage somewhat.
Transfers: Perwyn, Lalux, Alumia, Universal-Invest, Clifford Chance
This week’s update on people moves includes news from Perwyn, Lalux, Clifford Chance, Alumia, and Universal-Investment.
Each week Hormuz stays shut costs Europe 0.1% of GDP
Oil prices will have to climb much higher to stabilise global markets as disruptions in the Strait of Hormuz deepen, JPMorgan said. For import-dependent Europe, the risk of slower growth and higher inflation is rising by the day.
Correlation is not causation
Every time an oil crisis occurs, the recession scenario is immediately dusted off. The oil price rises, analysts pull out their charts, and within a week the first warnings appear that a recession is inevitable. But the relationship between oil crises and recessions is much weaker than is commonly assumed.
Quintet: In times of uncertainty, client contact becomes a competitive edge
In times of uncertainty, it is even more crucial to invest in the human connection that is at the heart of private banking, said Stéphane Pardini, CEO of Wealth Management at Quintet Luxembourg, in an interview with Investment Officer.
Speed, shocks, and strategy: rethinking investment resilience
Interview with Andrea Bertocchini, Sales Director Benelux & Nordics, La Française
Blackrock sees no shift in sustainability approach
From the 17th floor of the Rembrandt Tower in Amsterdam, Blackrock has a clear view of a market where scrutiny of its climate strategy is intensifying. Pension funds, policymakers, and activist groups are raising questions about the role of the world’s largest asset manager in the energy transition.