Independent Strategy adds value to its clients by seeking out investment themes and opportunities in Macro Investments, often challenging conventional wisdom.
Too often investment research is constrained by the narrow focus of the research provider, but we seek to create a cohesive global view. We are compact and flexible enough to respond quickly to an ever-changing investment scene.
The research is designed to benefit both short-term and longer-term strategic thinking. It carefully studies geo-political and economic events, while looking for breaks in historical trends to uncover investment opportunities.
We produce 60-70 reports a year on investment strategy, dealing with multiple investment topics. The scope of the research is global.
After due consultation with the client, we devise a dedicated investment benchmark and country allocation policy for a portfolio of assets.
Alternative investments are becoming an increasingly important part of institutional investors’ portfolios.
The populists might get 30% of the vote in the European Parliamentary elections, but that will translate into just above 190 seats out of a total of 751. So they might be the first or second biggest single bloc, possibly ahead of the EPP, but won’t be able to dominate and, as a group will remain fractured. This still means the outlook is for an ineffective parliament. This will allow two things to happen. The Council of Ministers can grab back more power. And the illegal Spitzenkandidaten practice, that allows the largest party in the EU Parliament to appoint the next EU Commission President, will be done away with. This marks a return to business as usual for the key appointments that will follow. Our bet would be for an ineffective Manfred Weber to end up heading the EU Commission while Banque de France Governor, François Villeroy de Galhau, succeeds Mario Draghi at the ECB. For the euro this represents more of a slow, grinding deterioration, than a mad fandango.SUBSCRIBE TO DOWNLOAD REPORTS
The reality is that the US woke up too late to the risk of China usurping them as the key global power. They are now playing catch up. This is all bad for global growth as the underpinnings of global trade are rewritten. Global equities are not priced for this reality. Pressure will also lead to China devaluing the renminbi. Australia looks particularly vulnerable given its pre-existing domestic economic problems. We add a short Australian dollar position versus the Singapore dollar.SUBSCRIBE TO DOWNLOAD REPORTS