Press

The Prisoner's Dilemma in Sino-American Trade Relations

A strategic reading of the U.S.–China trade tensions through the lens of game theory.

The ongoing tariff negotiations between China and the U.S. increasingly resemble a lose-lose strategic game. In this article published in L'Agefi, Onur Von Burg, Head of Discretionary Portfolio Management at Banque Heritage, applies the concept of the Prisoner's Dilemma to shed light on the mistrust, retaliations, and instability shaping global trade dynamics.


📄 Read the full article here: Le dilemme du prisonnier à l’échelle des relations sino-américaines | Agefi.com

July 11, 2025

Press

Zurich: A strategic hub for Banque Heritage

Banque Heritage has made Zurich a key hub, combining entrepreneurial culture, independent advice, and long-term client relationships with agility and empowered decision-making.

February 02, 2026

Press

The shadow of SCOTUS

Beyond the publicity stunts, it is now before the Supreme Court that a key part of the US economic strategy is being played out.

November 28, 2025

Press

US Debt: Understanding the Economic Levers

Our Chief Investment Officer, Jean-Christophe Rochat, examines for Allnews the strategies the United States employs to manage its historic debt and their impact on global markets.

October 01, 2025