Family Holding Companies
Family Holdings #42 - Investor AB Capitalizes on Megatrends AI and Defense
Further: Scottish Mortgage on simple investing; Brookfield increases exposure to private credit and energy.
New
Economy & Markets
Economy & Markets #42 - Xi Jinping Plays the King of Diamonds, But Is It a Bluff?
How China has become a major power in precious metals, and Europe is once again the loser.
Media
Tresor Capital Guest on Beating the Benchmark
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
Family Holdings #41 - Family Holding Companies Go All-In on Artificial Intelligence
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
Economy & Markets #41 - From Tokyo to Silicon Valley: How Politics and AI Are Reshaping the 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
Deep Dive - In the Shadow of Action, 3i Group's PE Portfolio Delivers Returns
3i Group increases its stake in Action as the discounter continues to grow strongly despite headwinds in France and Germany. At the same time, the private equity portfolio demonstrates that 3i also creates consistent value outside Action through internationalization and scalable niches.
Family Holding Companies
Family Holdings #40 - Asseco and Topicus create fireworks in Poland
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
Economy & Markets #40 - AI momentum versus inflation worries and US shutdown
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
Family Holdings #39 - Constellation Software Shares AI Vision: Founder Mark Leonard Steps Down
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
Economy & Markets #39 - U.S. attracts views again, Milei balances and Asia flourishes
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
Deep Dives
Deep Dive - Brookfield Corporation Aims to Double Again
Brookfield Corporation (New York: BN) has been known for decades as an investor in real assets – infrastructure, real estate, private equity, and renewable energy, often with its own capital as a starting point, later supplemented by the ever-increasing inflow of institutional investors. This institutional money now forms the core of the asset management
Family Holding Companies
Family Holdings #38 - The impact of AI on VMS companies, part 2
This week's topics: Does AI pose a threat to established niche software companies? We don't think so; their true strength lies not in technology, but in deep market knowledge and the high switching costs for their customers. This is confirmed by the CEO of Chapters Group, who emphasizes that the complex migration process, and