At KFP we have always advocated substantially higher weights to alternatives than most wealth managers. To us alternatives are defined as private equity, venture capital, real estate, private debt and hedge funds. In a well-diversified portfolio, alternative investments can provide the bulk of your returns. This...
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Dear Friends, 2022 has seen dramatic changes of generational proportions including post pandemic effects, a war in Europe, sharply spiking inflation and major economic dislocations and capital market losses. For the time being we stick to our defensive investment stance, as initiated and published since December 2021....
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Chaotic Global Macro at Centre Stage The global macro situation remains complex and chaotic filled with conflicts, cross currents, vastly diverging and often opposing interests: Russia’s unlawful war on Ukraine China’s misguided COVID policy Global energy and food crisis Unprecedented sovereign debt levels Derailed inflation ratesFragmentation in financial marketsIncreasing financial stability...
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Switzerland-based Morten H. Kielland has a 10 percent equity share. "If I had been bullish on equities, the share would have been 50 per cent," says the investor, who has loaded into gold stocks. In 2008, Morten H. Kielland moved to Switzerland after selling the fund management...
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As market volatility takes off, three families have put their faith in a strategic model renowned for its outperformance before growth stocks seized the agenda a decade ago. The multi-asset strategy was led by the late David Swensen at the Yale endowment, now worth...
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The combination of ongoing economic consequences of the pandemic not only followed, but was massively amplified by Russia’s unprovoked war on Ukraine, has led to a simultaneous global cyclical economic downturn. The underlying forces are dislocations as well as structural process adjustments in politics, security,...
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MEDZnMORE, a Pakistani health-tech startup, has raised $11.5 million in a pre-Series A round, the largest investment in health-tech to date. After raising $2.6 million in September 2020, the total funding raised since inception has surpassed $14 million. According to MAGNiTT, MEDZnMORE plans to use the...
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The World Economy Redefined - War, Inflation and Markets in Upheaval Times are truly transformative with fundamental and major dislocations in politics, security, economics, businesses and capital markets. Sovereign Ukraine remains under unprovoked military attack and suffers horrendous atrocities and war crimes from revanchist Russia. A new world...
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Japan and Hong Kong. Two Asian countries with two very different economies, but one similarity that could spell trouble. Three years ago the HK protests focused our attention on the US dollar to HK dollar linked exchange rate. Back then, we speculated whether the relationship could...
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We live through truly transformative times with fundamental and major dislocations in politics, economics and capital markets. Independent and democratic Ukraine is under unprovoked military attack and suffering horrendous atrocities from totalitarian and revanchist Russia. This war, however, has global implications. Under attack are also...
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