This month’s news round-up looks at a positive few weeks for UK real estate, with strong activity across the office, retail and logistics sectors, while continued rental rises offer more encouragement for investors.
Steady, if not speedy, disinflation has allowed monetary easing to begin in Europe, and, latterly, in the US, as well as in many large emerging markets. As a base case, we expect this process to continue. But upside surprises for inflation and rates are a distinct possibility. Wars in the Middle East and Ukraine perpetually threaten to disrupt energy and food supplies; China has opened the floodgates to more policy stimulus; and the US election may well carry Donald Trump back into office on the promise of more tax cuts and trade protectionism. Meanwhile, markets are pricing in a goldilocks ‘soft landing’ scenario for the global economy, reflected in razor-thin credit spreads and toppy equity multiples on cycle-high earnings. Downside risks for traditional asset prices are elevated, with gold and alternatives obvious redoubts for investors. But the rosy market consensus may yet prove right.
When it comes to Family Ownership, there are certain beliefs that are echoed throughout this delicate ecosystem with little to no foundation. In this article we break these myths down and offer fresh perspectives on topics like governance, generational involvement, and the implications of selling a family-owned business.
In this article, Maria Villax, Head of Family Strategy & Governance at Bedrock, introduces family charters – a critical tool in maintaining effective governance and a lasting legacy for family wealth.
In this article, we explore the prevalent trends across private markets in 2024 and highlights future areas of growth and opportunity.
This month, we discuss the ramifications of the long-awaited first US interest rate cut, as well as stimulus in China.
This month, we discuss the global equity sell-off and the subsequent recovery, the unwinding of Yen carry trades, the outlook for US interest rates, and our duration posture.
