China is central to this story. Louis described the policy pivot that began in 2018, when restrictions on China’s access to advanced semiconductors led Beijing to reorient its entire...
Gavekal: Unfolding paradigm shifts
February 2026: Portfolio Perspectives
The health of the US consumer is one of the most important determinants of the global economic outlook. Household consumption accounts for almost 70% of US GDP and, given...
Family Capital: A practical introduction
A guide to understanding the services and structures that support family wealth.
January 2026: Portfolio Perspectives
Global markets enter 2026 from a position of strength, yet with complexities that demand a nuanced approach. The past year defied expectations of volatility and recession
December 2025: Portfolio Perspectives
Artificial intelligence has dominated global investment narratives for years, driving the rise of mega-cap technology firms and shaping equity performance.
November 2025: Portfolio Perspectives
Technology, Institutions and Investment: Lessons from Nobel Laureates The dominant theme in markets this year has been the transformative potential of technology. From cloud infrastructure to artificial intelligence, IT...