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Understanding and addressing the challenges facing our society, accompanying the major trends that will shape the economy for decades to come and giving meaning to investments: thematic equity investment management responds to structural issues that create value over the long term.

A few months ago, our scenario was for a disinflation trend, albeit not necessarily in a straight line, accompanied with a somewhat modest recession.

Edmond de Rothschild Corporate Finance has advised Redslim, an international player in data management, in the opening of share capital to Andera Acto (Andera Partners' sponsorless mezzanine strategy).

Geopolitical tensions mounted and the dollar rose ahead of the first anniversary of the beginning of the Russo-Ukrainian conflict.

Economic data hogged the headlines, especially in the US where they wrong footed expectations of central bank hikes.

By understanding today’s social challenges, accompanying major trends which will shape economies over several decades, and giving investments purpose, thematic investing addresses structural issues that can create long-term value.

In an interview after the latest FOMC, Jerome Powell said the disinflation process had begun in the US despite the strong jobs market.

The shift in what central banks said counted for more than what they actually did. As expected, the Fed raised rates by 25bp to 4.75% and said further hikes would be needed.

With inflation in the US and Europe slowing and activity still highly resilient, markets extended gains.

US consumer confidence has recovered but numerous advanced indicators in the US are down and still pointing towards a recession. 

Kristelle Wauters will serve as Chair of the Management Board from January 2023 and brings 20 years’ experience in real estate asset management.

The good news is that behind one COP lies another.