Market Review – Q4 2024

Market Review – Q4 2024

Quarterly investors letter – Q4 2024   Market review   A Stellar Year for Markets: 2024 in Review 2024 was a year of remarkable returns across most asset classes, treating investors to a performance well above long-term norms. Gains were widespread, and...
Market review – Q3 2024

Market review – Q3 2024

Quarterly investors letter – Q3 2024   Market review The unusual leadership ranking of asset classes, whether due to the election year or a pivotal moment in Federal Reserve monetary policy, remains perplexing. The Fed’s decision to cut rates by 50 basis...
NCM hosts annual Global Macro event

NCM hosts annual Global Macro event

NCM hosts annual Global Macro event   We were thrilled to host our annual Global Macro event on September 12th in the beautiful setting of our Collonge-Bellerive premises. It was a pleasure to welcome Charles Gave, Vincent Strauss, and Didier Darcet, who shared...
Market review – Q2 2024

Market review – Q2 2024

Quarterly investors letter – Q2 2024   Market review It is highly misleading looking at equity returns in Q2 and year-to-date to conclude the investment environment was an easy ride. Indeed, market-cap weighted equity indices outperformed other asset...