Economy & Markets
According to JPMorgan CEO Jamie Dimon, private credit is the new frontier of financial risk. The losses at Tricolor and Jefferies illustrate the vulnerability of this rapidly growing market, even as system banks show strong quarterly figures.
Media
The issues of the day dominate the stock markets, where the focus often extends no further than the next quarterly report. However, real value creation takes place over decades and generations. A culture of permanence forms the foundation for this. This very theme was the focus of a recent in-depth discussion in the
Family Holding Companies
Further: Scottish Mortgage on simple investing; Brookfield increases exposure to private credit and energy.
Economy & Markets
How China has become a major power in precious metals, and Europe is once again the loser.
Media
Partner Michael Gielkens was recently a guest on Beating the Benchmark, a LinkedIn Live webinar by fintech company Performativ. During a conversation with Christian Lindvall, Tresor Capital's disciplined investment strategy was explained. This strategy underlies the outperformance that the family holding strategy has achieved since 2017 compared to
Family Holding Companies
The week was marked by acquisitions and AI growth. Major holdings and tech companies expanded their operations through strategic acquisitions, while Alphabet and others invested heavily in AI innovation and data center expansion.
Economy & Markets
Japan saw its first female prime minister, Sanae Takaichi, who is committed to defense and AI. OpenAI and AMD closed a mega-deal for 6 GW of computing power, a symbol of the AI supercycle. Analysts are torn between growth and bubble, while the US labor market continues to cool.
Deep Dives
Family Holding Companies
This week's topics: Topicus has received the green light to increase its stake in the Polish IT giant Asseco Poland to 24.84%, ushering in a new era focused on long-term value creation. The strategic alliance introduces the disciplined capital allocation and operational expertise of Topicus and its parent company Constellation.
Economy & Markets
This week's topics: The third quarter showed strong stock market performance in Asia and the US, driven by tech and the expectation of interest rate cuts, while Europe lagged behind and inflation in the Netherlands and Belgium rose again. At the same time, political uncertainties increase the risks, with a Trump-initiated shutdown.
Family Holding Companies
This week's topics: The share of Constellation Software came under pressure this week after founder and figurehead Mark Leonard unexpectedly stepped down as president for health reasons, three days after a rare AI webinar. During that session, Constellation extensively discussed the impact of AI: how the company pragmatically implements applications, what efficiency gains
Economy & Markets
This week's topics: The US economy surprised with strong growth figures, causing capital flows to return to the US, while Fed rate cuts and a weaker dollar provide additional support. In Argentina, Milei is achieving impressive inflation declines and growth with his reform agenda, but is facing political defeats and scandals. Asian stock markets