For more than a decade, the dollar, euro, yen and sterling have shared a common definition of price stability centered on inflation of around 2 percent. Former European Central Bank president Jean-Claude Trichet calls this global consensus one of the …

ABN Amro has completed the integration of private bank Hauck Aufhäuser Lampe (HAL) into its German banking organization. In Germany, the bank aims to grow its wealth management assets under management from more than €70 billion today to approximately €100 …

SpaceX’s IPO on June 12 was unprecedented in more ways than one. People didn’t buy the stock because the company had generated a particular return on equity over the past decade or because its earnings per share showed a steady upward trend. The valuation …

The private equity sector has been grappling with a persistent liquidity problem for several years. Due to a slower M&A market, higher interest rates, and a sluggish IPO market, portfolio companies are being held for longer periods and investors are …

In an upcoming publication in the Review of Financial Studies , researchers Jinfei Sheng (University of California, Irvine), Nan Xu (Nankai University), and Lu Zheng (University of California, Irvine) introduce INF: a new measure designed to extract …

Investors are suddenly pulling back. The main reasons are the renewed tensions between Iran and the United States and the extremely concentrated equity markets that are driven almost exclusively by AI. But anyone looking beyond the headlines will see …

Following a pandemic-era boom and a recent investor pullback, water funds face slowing momentum even as global water constraints intensify, creating new risks and opportunities across water-related industries. Among thematic equities, water has been one …

How much should one pay for revenue that may not materialize for years? That’s the dilemma for investors preparing for SpaceX’s IPO. Analysts cannot agree whether the company is worth 800 billion dollars, 2 trillion dollars or something far higher. The …

Quintet is bringing its services for asset managers and financial intermediaries together under a new brand, while stepping up its focus on digital asset services for institutional clients. The private bank expects blockchain technology to become the …

Frédéric Jeanmaire will join Carmignac’s London investment team on August 3 as the French asset manager prepares to launch a European equity strategy later this year. He will co-manage Carmignac Portfolio Grande Europe and FP Carmignac European Leaders …

Trichet warns against abandoning 2 percent inflation anchor

One bank, two brands for ABN Amro in Germany

The story behind SpaceX

Secondaries gain ground as an exit route for private equity

The prospectus that is too honest

Chart of the week: markets don’t like surprises

Morningstar: BNP Paribas versus iShares in sector equity water

The great SpaceX valuation divide probably won’t be settled soon

Quintet expands asset services and doubles down on digitalization

Transfers: Carmignac, Schaffner, LVPA, Loyens & Loeff, Edmond de Rothschild AM