Unconstrained in our approach, we take the long view.
Working to grow its value over time. Always aligned to your objectives.
The stability of family and employee ownership gives us the freedom to choose the best path for our clients.
The global economy entered 2026 in a relatively strong position, but the Middle East conflict quickly reshaped the outlook, disrupting oil and gas supplies and triggering an energy shock. Yet while the near-term effects are significant, the more important theme is structural.
Excitement over AI has been a key driver of strong stock market returns over the last decade. This has benefitted the passive funds that track their performance, while active managers have had a more challenging period. Does focusing on the fundamentals still work in today's market, or is it different this time?
We explore this deceptively simple question, examining the cognitive trap of judging decisions by their short-term outcomes rather than the quality of the process behind them.
