Economy ≠ Markets

Economy ≠ Markets

Economy ≠ Markets John Leiper – Head of Portfolio Management – 7th May 2020 One question I get from advisers and clients, more than any other, is why global equity markets have bounced back so far. Why have we not seen a continuation of the sell-off? It is...
From Liquidity To Solvency

From Liquidity To Solvency

From Liquidity To Solvency John Leiper – Head of Portfolio Management – 1st May 2020 In the early stages of the Corona Crisis of 2020, the global economy faced a liquidity crisis. In a liquidity crisis, companies cannot access the cash, or credit, needed...
Super Contango

Super Contango

Super Contango John Leiper – Head of Portfolio Management – 24th April 2020 In an unprecedented day in the history of oil trading the price of the front month contract for West Texas Intermediate (WTI) oil fell below zero to -$37.63.   On mobile: review...
One Currency To Rule Them All

One Currency To Rule Them All

One Currency To Rule Them All… (and in a crisis bind them) John Leiper - Head of Portfolio Management - 20th April 2020 As the world’s reserve currency, the US dollar is the go-to currency. It is used to price assets, complete transactions and as a store of value. It...