Publications

Geneva Management Group

Q3 2019 Market Comment For many years geopolitical events have been the synonym of short-term volatility and buying opportunities as they tended to have only temporary impact on markets. The Arab spring in 2010, the earthquake and tsunami in Japan causing the Fuskushima nuclear crisis in 2011, the Russian military intervention in Ukraine in 2014 or the North Korean rogue nuclear program in 2017-2018 to name but a few, all had relatively short-lived impact on financial markets.   Download Report

Geneva Management Group

Q2 2019 Market Comment We are living with an abundance of liquidity without precedent and we are getting so used to it that most investors have started seeing it as the new normal. Nevertheless we reached a new record of $12.5 trillion of negative-yielding bonds, a level which defies any sound capital market reasoning.   Download Report

Geneva Management Group

Création de GMG Institutional Asset Management pour la clientèle institutionnelle Geneva Management Group (GMG), fournisseur mondial de solutions financières auprès de clients institutionnels et privés, annonce la création d’un nouveau pôle dédié à la clientèle institutionnelle, principalement les caisses de pensions suisses, nommé GMG Institutional Asset Management SA.   Download Report

Geneva Management Group

Q1 2019 Market Comment A couple of years ago, I had a fascinating discussion with an addiction specialist who had both academic research and field experience. This gave me a different view on the subject of markets’ true addiction to central bank liquidity over the past decade.   Download Report