In deciding which risks are worth taking today in fixed income portfolios, it’s hard enough working out what to do with known, certain market influences, but even harder trying to factor in the many variables also at play. Conjuring a waterborne analogy, it feels much like an analogous swan navigating... Show More

April nineteen sixty eight. Fifty years ago. It was perhaps the first mainstream introduction to fictional Artificial Intelligence (AI) when we met ‘HAL 9000’, the supercomputer controlling the spacecraft Discovery in Arthur C Clarke and Stanley Kubrick’s confounding sci-fi epic 2001: A Space Odyssey. HAL was an early exercise in... Show More

The global economy is demonstrating strong, synchronised growth; annualised for the third quarter of ‘17 the US is showing 4.1%, Europe at 2.5%, China at 6.8%, and even the UK, having blown half its own foot off with Brexit, has the lowest unemployment rate in 40 years at 4.5%. The... Show More