An impressive audience of over 500 guests, including pre-eminent figures in the business and professional sectors, an analysis of the present scenario and an assessment of what is to come, to help us understand the world we live in and where we should be heading. In addition, the internationally renowned winner of the Nobel prize for Economics, Joseph Stiglitz. All this and much more at the Scenari e proposte di investimento conference on scenarios and investment ideas that Kairos Julius Baer held the evening of November 11 in Milan.
Ever receptive to analyze economic and political situations in order to take advantage of new investment opportunities, Kairos managers are just back from one of their frequent trips to Asia. Together with local managers, they explored and discussed the prospects of the various countries that make up one of the most dynamic economic regions in the world, and first and foremost those to be found in China.
“Kairos is a top quality player, successfully presiding over extremely interesting investment niches and integrating perfectly with major international investment banks”. These are the thoughts and very positive first impressions of Livio Dalle, Senior Portfolio Manager with Kairos Partners since July of this year.
These days one of the most talked about issues in the financial world is undoubtedly the stand-off in the United States, i.e., the chance that the world’s greatest economic power will default at the hands of its closest enemy: itself. All fingers point to the Republicans or, more precisely, the group of radical Republicans known as the Tea Party, who, in order to block Obamacare (the healthcare reform that it is presently taking effect), are preventing a debt ceiling agreement from being reached.
Italy is an attractive market. This is news in and of itself, but it is even more noteworthy considering that the country’s crisis is far from over, its political situation remains highly uncertain and much of its macroeconomic data continues to be negative. Nonetheless, Italy presents sound opportunities for returns, and Massimo Trabattoni, manager of the Kairos International Sicav, knows it well. He describes a bona fide structural change sweeping the international landscape.
Syria, China and the United States. International relations, crises that have only been postponed and others on the horizon, history that has been written and history that is yet to come and from which we sometimes learn. Thoughts and views that Alessandro Fugnoli, a Kairos Partners strategist, has compiled in an extensive article published in the monthly “Uomini & Mercati”.
After the Fed’s surprise last week, the German elections have now had their say as well, ending with a clear-cut victory for the CDU/CSU.
Although the results are an affirmation of Angela Merkel, they were disappointing for the FDP, a partner in the outgoing coalition, meaning it will take longer for the new government to assemble. Indeed, without a natural partner, an agreement will need to be reached for a new grosse koalition, most likely with Peer Steinbruck’s SPD.