Edmond de Rothschild Asset Management

Private markets and ELTIF – is it already mainstream?   During the recent Clearstream roadshow in Geneva, Charles Foucard, COO of Edmond de Rothschild Private Equity, addressed this question alongside industry experts Julia Lundström (iCapital) and Mekren Tamenu (Goldman Sachs Asset Management).   Charles underscored the relevance of the fund-of-funds approach within the ELTIF framework, which serves as a gateway for private investors to access the private markets landscape. He stated, "Funds of funds are key to broadening private investors' access to private markets, and even enable many investors to realize their first meaningful exposure to those asset classes, as they offer risk diversification, careful manager selection and adequate portfolio construction in order to generate attractive risk-adjusted returns relevant for private investors."   All investments involve risks, including potential loss of capital, liquidity risk and performance risk. Financial assets are subject to market fluctuations and no guarantee can be given as to their future performance. It is therefore recommended that investors ensure that any investment is appropriate to their personal situation by using independent advice if necessary.   #EdREvents #Geneva #PrivateEquity #ELTIF #Investment

Private markets and ELTIF – is it already mainstream?   During the recent Clearstream roadshow in Geneva, Charles Foucard, COO of Edmond de Rothschild Private Equity, addressed this question alongside industry experts Julia Lundström (iCapital) and Mekren Tamenu (Goldman Sachs Asset Management).   Charles underscored the relevance of the fund-of-funds approach within the ELTIF framework, which serves as a gateway for private investors to access the private markets landscape. He stated, "Funds of funds are key to broadening private investors' access to private markets, and even enable many investors to realize their first meaningful exposure to those asset classes, as they offer risk diversification, careful manager selection and adequate portfolio construction in order to generate attractive risk-adjusted returns relevant for private investors."   All investments involve risks, including potential loss of capital, liquidity risk and performance risk. Financial assets are subject to market fluctuations and no guarantee can be given as to their future performance. It is therefore recommended that investors ensure that any investment is appropriate to their personal situation by using independent advice if necessary.   #EdREvents #Geneva #PrivateEquity #ELTIF #Investment

Insights from the Madrid Investor Networking Day (MIND)   Our Head of Fixed Income, Alain Krief, recently participated in this important event for asset and wealth management professionals. Here are some key takeaways from his insights:   • In Europe, inflation is no longer a major concern, and we anticipate that the ECB will cut rates soon. However, the main uncertainty lies in the growth outlook for the Eurozone • Across the Atlantic, while inflation could rise due to the recent US election, it's still too early to predict the exact trajectory. Despite potential volatility in rates, the credit market remains a bright spot. • In this environment, we are focusing on high-quality credit investments. We are particularly favoring subordinated debt - both financial and non-financial - as well as high-quality high yield (BB-rated) bonds   To find out more, watch the full video: https://lnkd.in/e53ceTj8   #EdRFixedIncome #ECB #Inflation #CreditMarket #AssetManagement #MIND2024  

« La performance des fonds permet de justifier des frais de gestion raisonnables » L’industrie de la gestion d’actifs fait face à une pression sur les frais, mais l’expertise de gestion active de long terme d’Edmond de Rothschild Asset Management se démarque grâce à des performances solides, explique notre CEO Christophe Caspar, dans une interview parue dans Les Echos. Plutôt que de s'engager dans une course à la taille, nous avons choisi de nous concentrer sur nos meilleures stratégies d’investissement. Ce choix stratégique nous permet de nous positionner comme consolidateur sur certaines expertises porteuses. Notre offre comprenant des stratégies d’investissement sur les marchés cotés et non cotés est également bien diversifiée et équilibrée. Nous observons une demande forte sur des classes d’actifs comme les actions internationales et la dette hybride corporate. En ce qui concerne le non coté, l'appétit pour la dette d'infrastructure et la logistique de proximité sont en croissance, soutenues par nos équipes internationales spécialisées et réparties à travers l’Europe. La gestion d'actifs continue de s'adapter et d'évoluer dans un environnement de marché complexe, tout en cherchant à apporter de la valeur à ses clients. Retrouvez l’interview réalisée par Caroline Mignon, publiée hier dans LesEchos : https://lnkd.in/eU9rCanE   #EdRConvictions #AssetManagement #Performance #Innovation

Le taureau et l'éléphant dans la (même) pièce La double victoire de #Trump et des Républicains (présidence-Congrès) a suscité une prolongation du « Trump trade » et cette fois-ci une plus forte dichotomie entre les Etats-Unis et l’Europe. Les investisseurs retiennent surtout du candidat Donald Trump une baisse de l’impôt pour les entreprises ainsi qu’un programme de déréglementation aux Etats-Unis et pour les autres partenaires dont l’Europe du fait d’une remontée des taxes à l’importation. De même qu’ils actent d’un creusement des déficits publics (remontée des taux réels et nominaux) et d’un risque plus inflationniste (hausse des points-morts inflation). Les mouvements sont violents, depuis début octobre, moment où les investisseurs ont commencé à se positionner sur le « Trump trade », le S&P 500 surperformant l’Eurostoxx 50 de pratiquement 9%. Retrouvez l’analyse de Benjamin Melman, notre Global CIO, parue récemment dans Allnews.ch, La finance suisse dans l'e-media : https://lnkd.in/e8Wu7Z8g #EdRConvictions #Finance #AssetManagement

Vance vs Musk, reflet des contradictions au sein de la future administration #Trump "C’est une histoire comme l’Amérique les aime, digne du cinéma hollywoodien. Après s’être effondrée de plus de 40% au premier semestre, l’action #Tesla est remontée en flèche, culminant à 40% au-dessus de son cours à l’entame de l’année, une amplitude inédite en si peu de temps pour l’une des plus grandes sociétés cotées au monde. Outre l’adulation infaillible des investisseurs particuliers pour le génie entrepreneurial d’Elon Musk, cette remontada traduit également les retombées positives attendues pour la galaxie Tesla/SpaceX de la proximité du magnat des technologies avec le président élu." Retrouvez la tribune de Jacques-Aurélien Marcireau, CFA, co-responsable de la gestion Actions pour Edmond de Rothschild Asset, parue récemment dans AGEFI, Nouvelle Agence Économique et Financière : https://lnkd.in/ekTjSMFG #EdREquity #AssetManagement

#EdRMarketFlash: Geopolitical risk is back • The Eurozone is still suffering from the conflict’s consequences and energy prices in particular are taking a toll as we enter winter.  • The ECB is coming under increased pressure to ease its monetary policy and put a brake on the economic slowdown.  • In Japan, the chances of the central bank tightening monetary policy are mixed. To find out more, read our weekly Market Flash: - English: https://lnkd.in/e7WNAZPN - French: https://lnkd.in/evVqyJQ7

Nicolas Leprince, notre Gérant Multi-Asset & Overlay, a récemment pris la parole sur B SMART 4Change pour décrypter les tendances actuelles des politiques monétaires de la #FED et de la #BCE, des dynamiques essentielles pour nos stratégies d'investissement.   Selon lui, l'atténuation des pressions inflationnistes ainsi que les effets liés à l’élection de Donald Trump redessinent le paysage économique en Europe. Sur le front de l'emploi, les indicateurs économiques en France et en Allemagne laissent entrevoir des défis à venir. Une réponse rapide de la BCE est ainsi cruciale pour restaurer la confiance des investisseurs dans la zone euro.   Pour en savoir plus, regardez l'interview ici : https://lnkd.in/ejgTMpJE #EdRConvictions #AssetAllocation #AssetManagement

How does the growing access to private assets redefine the private sector's approach to distribution and operational strategies? This significant question was at the forefront of a recent panel discussion on the evolution of private assets, hosted by ALFI - Association of the Luxembourg Fund Industry. Charles Foucard, Chief Operating Officer at Edmond de Rothschild Private Equity, joined industry experts including Silke Bernard (Linklaters), Ann-Katrin Kaiser, MBA (UBS Asset Management), Margareta (Molly) McConnell (Moonfare) and Ulrich Juchem (DZ PRIVATEBANK S.A.) to explore this transformative shift. Charles highlighted that while the expansion of this sophisticated domain to private clients offers new opportunities, its inherent complexity requires expert guidance. At Edmond de Rothschild Private Equity, we believe in a comprehensive portfolio construction approach. Through strategies like mandates and fund of funds, we provide a structured, professionally managed entry into this growing market, enabling private investors to seize new opportunities while benefiting from expert oversight and strategic diversification. All investments involve risks, including potential loss of capital, liquidity risk and performance risk. Financial assets are subject to market fluctuations and no guarantee can be given as to their future performance. It is therefore recommended that investors ensure that any investment is appropriate to their personal situation by using independent advice if necessary. #EdREvents #EdRPrivateEquity

#EdRCIOLetter: The bull and the elephant in the (same) room More than a victory, a triumph Donald Trump and the Republicans have won full control of the White House and Congress. This scenario, which came with rather low odds in the opinion polls, has extended the “Trump trade” (bullish equity market and rising US long-term yields and dollar) and has this time around created a wider dichotomy between the United States and Europe (where equity indices and long-term yields are declining). Investors have focused on the Republican candidate’s promises of lower corporate taxes and deregulation in the US and rising tariffs for other trade partners – Europe included. They have also factored in deeper public deficits (rising real and nominal rates) and higher inflationary risks (rising inflation break-even rates). Markets have experienced violent swings since early October and the beginning of the “Trump trade”, with the S&P500 outperforming the Eurostoxx 50 by almost 9%.   To find out more, read our latest Letter from the CIO AM written by Benjamin Melman: • English: https://lnkd.in/dEKrA77B • French: https://lnkd.in/dxK3MsXy #USElections2024 #Trump #Finance #AssetAllocation