11th October CIO Letter

11th October CIO Letter

Dear Client, FROM CEO/CIO: WHERE CAN I FIND ALPHA? Where I went to university, my essay grades were given in letters of the Greek alphabet: alpha (α), beta (β) and gamma (γ) and combinations of them – including esoteric ones like beta-alpha-minus-question mark-minus (βα-?-) ! Without question, alpha was better than beta and a straight […]

11th October CIO Letter

11th September CIO Letter

Dear Client, From CEO/CIO’s Desk: Spoiler Alert! This year, there have been quite a number of grand finale episodes to blockbuster movies and TV series, as well as a few major football matches. Nothing beats the experience of watching Avengers: Endgame, the last episode of The Game of Thrones or the Liverpool-Spurs Champions League Final live on TV […]

11th October CIO Letter

26th August CIO Letter

Dear Client, From CEO/CIO’s Desk: Steady Does It Markets have gyrated violently in the intervening weeks between my last letter to you on 6 August and now. There have been two broad set of factors, both pertaining to concerns over economic growth. First, the bond markets are moving in a way that are causing concern, […]

11th October CIO Letter

6th August CIO Letter

Dear Client, FROM THE CEO/CIO’S DESK: THE RIGHT CALL If you had invested in the stock market at the beginning of July, did not watch the news in between and only checked your portfolio at the end of the month, you might have thought that July was very boring for the markets. In terms of […]

11th October CIO Letter

2nd July CIO Letter

Dear Client, About six to eight weeks ago, the traditional maxim of “sell in May and go away” seemed to be playing out well, when global markets declined by about 6% in a month. In the brutal last week of that month, the temptation would have been to say, let me cut losses or take […]

11th October CIO Letter

6th June 2019 CIO Letter

Dear Valued Client, The Shangri-La Dialogue is a high-powered international defence and security forum that has been held in Singapore around the first Saturday of June every year since 2002. In my previous life as a government officer, I worked quite a number of these weekends! Through the years of this forum, there have always […]