Publications

Observation Deck Q3 2021

Read the newest edition of our quarterly Observation Deck Q3 here:

KEYSTONES: Change is the only constant

EQUITIES: The growth of value

FIXED INCOME: The bond market is (too) relaxed

TRENDS: Careful what you wish for


Find the digital version here: Observation Deck Q3 2021

July 26, 2021

Publications

Letter from the CIO - October 2025

Markets in Suspension: Between Euphoria and Caution

October 15, 2025

Publications

Letter from the CIO - September 2025

Towards Global Reflation, but Under Certain Conditions

September 17, 2025

Publications

2025 Outlook – Second Half

The first six months of 2025 have reshaped our view of global macroeconomic dynamics. A sequence of unexpected events has led us to reassessour convictions and adjust our positioning.

July 10, 2025