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Quarterly Investment Update Q2 2025: Separating uncertainty from risk as we prepare for what's ahead

Last Updated: June 12, 2025

When it comes to managing wealth, there is a big difference between the concepts of “risk” and “uncertainty”. Risk is deemed to be quantifiable in some way, allowing managers to construct portfolios with the right balance between assets and the right mix within those asset classes. At least then we might have some idea of the potential gains and losses to which clients are exposed.

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Investing for the next decade

Last Updated: October 2, 2024

The first few years of the 2020s have been characterised by huge shocks to the global economy – from the pandemic to the Ukraine war. When the dust settles, we think the global economy will have changed in significant ways, and the investment strategies that fared best over the past decade  won’t be the ones that serve us best for the next one. If the 2010s are gone for good, we’ll need a different approach.

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