by Michele Cocchiglia | Feb 3, 2026 | Insights
Quarterly investors letter – Q4 2025 Executive Summary After a year of strong but volatile returns, 2025 marked a decisive shift in global market leadership, currency dynamics, and asset-allocation regimes. Broad-based equity gains outside the United States, a... 
by Michele Cocchiglia | Oct 10, 2025 | Insights
Quarterly investors letter – Q3 2025 Executive Summary – “Safe Haven Rotation Towards Gold” What a quarter! Amid geopolitical turmoil, all major stock markets made new all-time highs, while gold surpassed them all with a 17% gain. Global markets had to climb a... 
by Michele Cocchiglia | Sep 22, 2025 | Insights, News
NCM Global Macro Event 2025 On 2 September 2025, Noble Capital Management hosted the 4th edition of the NCM Global Macro Event at its offices in Collonge-Bellerive — an evening that has become a highlight of Geneva’s autumn calendar. More than 100 Swiss investment... 
by Michele Cocchiglia | May 27, 2025 | Insights, News
A Major Geopolitical and Economic Transition is Underway The world is entering a new phase of strategic rebalancing, marked by a gradual yet profound shift in the international order established since 1945. Unrivaled for much of the postwar era, the United... 
by Michele Cocchiglia | Mar 11, 2025 | Insights, News
Actively Managed, Gold Makes a Portfolio Shine Gold as a hedge against a U.S. default The Trump Administration Ushers in a New Monetary Era Believing that the new president’s actions will be limited to trade and will not affect global finance, particularly the... 
by Charles Gueriteau | Jan 17, 2025 | Insights
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...