11/09/2020 – The global economy continued to recover in October, even though the upturn was slow. For the current year, the IMF is forecasting a global contraction of 4.4%. Starting from a low level, growth in 2021 will increase significantly in most countries and, according to the IMF, will exceed 5% worldwide. However, the IMF believes that economic momentum over…
10/28/2020 – In our strategy update as of September 30, 2020, we pointed out the disruptive factors that we believe will shape the fourth quarter on the capital markets. In addition to the U.S. presidential election and the negotiations between the European Union and the United Kingdom, we have defined the second wave of the pandemic that is rolling over Europe…
10/10/2020 – Government support programs and an extremely expansive monetary policy continue to dominate the current economic trend. Only once the state subsidies phased-out and economies resume more market-based structures, will it be possible to assess more reliably the impact of the pandemic on the future course of the economy. Only then will the development of corporate debt, the volume…
09/30/2020 – We are pleased to announce that our multi strategy fund Belvoir Global Allocation II Universal has had a ****Morningstar rating since September 2020 and at the end of September 2020 was among the top 7% within its Morningstar category (mixed fund EUR flexible – Global). Since the takeover by Fabian Schenkel and the resulting strategy change at the…
09/30/2020 – Fiscal and monetary policy will support the economy in the coming quarters and years, but there are still serious disruptive factors. The trade conflict between China and the US continues to intensify, the course of US policy after the election in November has not yet been decided, the Brexit has not yet been settled by the end of the year and…
09/30/2020 – Shinzo Abe took over Japan as Prime Minister almost eight years ago as a despondent country, while in the early 1990s, it was celebrated as a successful and technologically advanced economic power, but after the bursting of the real estate and stock market bubble it experienced more than two decades of stagnation with recurring deflationary phases. Abe set out…
07/23/2020 – With Patricia Kopp, Belvoir Capital has successfully gained a very experienced and competent person. As of July 2020, Patricia Kopp has taken over the position of the Chief Risk & Compliance Officer at the multi-family office Belvoir Capital AG. Simultaneously, she joins the executive committee of the Zurich-based asset manager. Steffen Bauke, CEO of Belvoir Capital, is delighted…
07/16/2020 – “It’s (only) half time,” is the title of our current market assessment. Measures to contain the pandemic are being eased noticeably in the industrialized countries and the hustle and bustle in the shopping streets and excursion destinations is taking on dimensions reminiscent of the pre-crisis period. The capital markets also seem to have digested the consequences of the…
03/20/2020 – In a nutshell:
– The systems (society, economy and finance) are shut down in a controlled manner (reset)
– Capital markets in search of a bottom
– An active portfolio strategy offers advantages
03/17/2020 – The coronavirus and the associated disease COVID-19 are widespread; they influence our daily life, both privately and professionally. Since midnight yesterday, the “extraordinary situation” according to Art. 7 of the Epidemics Act has been in force in Switzerland. This enables the Federal Council to quickly order and implement the measures it considers necessary to protect the population nationwide.…
