News&Events

Articles and news exploring issues related to the financial market, with regard either to macroeconomic challenges or to individual sectors or asset classes, and to the mutual funds we manage. Events bringing clients and employees together, both virtually and physically.

20 August
2026 _ NEWS

Leveraged ETFs:It’s no longer just a problem for the people who buy them

Leveraged ETFs have gone from a niche product to a market-moving force: 7 billion in exposure,......

13 August
2026 _ NEWS

He was right, but he lost anyway.

The Aschenbrenner case: what really happened in the market? What role did financial leverage play?......

06 August
2026 _ NEWS

July 2026 Fed Meeting: Warsh Sounds Hawkish, but the Market Wanted Action

This week brought an event that marks a turning point in how the world’s most important......

30 July
2026 _ NEWS

Record profits, stocks in the red: the market is gripped by uncertainty over AI and the Fed

I’d like to start with an image, because it describes the state of the market better than any......

23 July
2026 _ NEWS

The risk the market has stopped fearing

This week, I’d like to begin with an episode that, in my view, captures the state of the......

16 July
2026 _ NEWS

Q2 Earnings Season: The Question Isn't "How Much Will Earnings Grow?"—It's "Will It Be Enough?"

This week, something happened that, on paper, should have unsettled the markets: the ceasefire......

09 July
2026 _ NEWS

S&P500 earnings: half of the growth is purely accounting-driven

If we had to choose just one metric to assess the overall health of the equity market, we would......