We write on this in many Insights, so we will sum up our views here. USD strength to continue. The USD has rallied nicely against many emerging and developing countries’ currencies. Short-term it may give some of this back, but we expect a...
Read moreThis can be followed up by another truth – ‘The money alone won’t make you happy’. In this, the second of our Insights series on ‘Principles of success’, we reflect on the relevance of money. We all need it, we all want it, but should...
Read moreWe saw a big sell-off in the markets yesterday – Wednesday 10th October 2018 – with the S&P down 3.3%, The Nasdaq down 4.1%. Of note is that the FAANG stocks are all down significantly – Facebook (-4.1%), Amazon (-7%), Apple...
Read moreFor anybody that hasn’t noticed, the yield on sovereign debt is rising across the periphery of Europe. Italy is a case in point where yields have spiked higher (10yr at c.3.3%) since the ECB rejected the Italian Government’s budget, because it...
Read moreDruckenmiller is perhaps the most astoundingly talented money manager on the planet today. For those that don’t know the name, he was a key player at Soros and now runs a family office – Duquesne Family office. He has, according to various...
Read moreOur mandate here at MWCM is to source excellent investment opportunities across the public and private markets, as well as across the wide spectrum of specialist investment managers. We are thus constantly analysing companies, their senior...
Read moreMost markets and asset classes have struggled YTD, with most Bond and many Equity indices down for the year. The emerging markets have taken a hit this year with the EEM ETF down some 9% YTD, with Turkey and Argentina dragging the index down.The...
Read moreEmerging markets have had a weak YTD, with the MSCI EM Index being down some 7.5% TR, and for good reason. Source: Yahoo Finance Risk of ‘trade wars’ and potentially weaker trade and commodity demand/prices is one. Weak governance and the rise...
Read moreOur fund exposures have generally worked well in our Alternative Strategies account, which was up 0.75% for the month of June and 1.84% Year to Date (YTD). As at 13thJuly, it was up 2.4%. As such, it has outperformed the Balanced Asset index...
Read moreThe issue of weakening demographics in many parts of the developed world is a real ‘elephant in the room’ – a topic that is of critical relevance but one that captures little attention and consideration by global think tanks and policy makers. It...
Read moreApril was a good month for our funds, with our main account being up +70bps for the month, bringing the total year to date to +2.6% (estimated). We are content with this performance as it is achieved with an 8% cash balance. The invested capital...
Read moreWe have had a good start to the year. Our seed account is up c.2.23% through to mid April, net of all fees and unaudited. This is pleasing as the account is ahead of both the equity indices and the bond market. Of greater significance to us, is...
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