#Brexit Rejoining single market could give UK a £150bn boost (that's 6pct of GDP...) Goldman Sachs claims...Reversing Brexit would offer ‘significant economic upside’ ! finally admitting the obvious.... Markets : The AI bond rout has now hit the blue-chip tenants as well ( Thread), Fed’s Warsh withholds rate signal, praises recent global tightening, Fed’s Warsh sees AI boosting productivity but gives no signal on next rate hike, China moves to prop up stock market with selling curbs, buybacks, AI companies have captured ~83% of all US venture funding! , This is one of the biggest geopolitical mysteries of the year: why did China just save the world economy? / Thread #crude #GBP NEW: France has dropped its opposition to the UK being included in the EU’s “Made in Europe” legislation as long as the British government aligns with the bloc’s position over tariffs on Chinese EVs. Fed's Warsh withholds rate signal, praises recent global tightening Chamath Palihapitiya on X: "I suspect 70-80% of revenues at AI companies are from other AI companies who’ve raised money from the Venture industry. This is not a circular revenue problem but it is a revenue quality problem. We’ve seen this before in the SaaS cycle in the early/mid 2010s." / X And now even GS says it then... GOOD god.. Rejoining single market could give UK a £150bn boost, says Goldman Sachs IF even the Torygraph says it....so for 10y..folks been told Brexit would unlock growth.....ooerhum, so now the growth opportunity is removing the barriers Brexit created...... cant make this shitt up.. (don't fully rejoin, imho, but negotiate with EU hard again, on few things, defense, exports, energy to start with..), like CH, Norway etc, via bilaterals,... and keep adjusting as you go along next few decades... that's sellable.. re-join is tricky, and not realistic tbh UK could quickly re-enter EU with ‘Switzerland plus’ deal, senior MEP says | Brexit | The Guardian Merz vows to fight extremism after AfD success — Al Jazeera | UA.NEWS China moves to prop up stock market with selling curbs, buybacks — Bloomberg China's super-rich scramble to exit offshore trusts, raise cash as taxman knocks | Reuters Nic on X: "The AI bond rout has now hit the blue-chip tenants as well. Meta's Hyperion: 91c. Hut 8's Nvidia-leased sites: 91-93. Microsoft-leased Excalibur: 87. All were sold as the "safe" end of the AI trade. Well, it's now very quickly repricing like the risky end. https://t.co/SehuGIGRgC" / X EXCLUSIVE: WEF could appoint Lagarde as early as November, sources say | Reuters Arnaud Bertrand on X: "This is one of the biggest geopolitical mysteries of the year: why did China just save the world economy? Because, make no mistake, it absolutely did. Analysts are pretty much unanimous on this: had China not dramatically - and I mean dramatically - reduced its oil imports this https://t.co/1tw475e8BK" / X France can slash deficit to 3% by 2029, central bank governor says France who has broken every budget by not 1 or 3 bn, but 50bn last 2 years alone... that's almos timpossible, I'll believe it when I see it...'show me the money' ! The bar is set pretty high now.... Fifa: Gianni Infantino apologises over World Cup move but told he must do more - BBC Sport

Markets : Anthropic results may aid IPO but not AI trade, #JPY BOJ's Koeda warns against being overly cautious on rate hikes >>> Oct hike odds jumped after the CPI data, but comments from Fed officials including Michelle Bowman and Mary Daly that the central bank could wait tempered pricing, leaving markets expecting a hold on October 28 as producer prices, retail sales and a speech from Chair Kevin Warsh loom >>> after hot U.S CPI, UST yields peaked (BONDS oversold), dropped to lowest levels this month...!.. USD peak probably (overbought-stalling momentum) confirmed (in short-term), GOLD held well, as market is finally/suddenly pricing in some 'recession' risk rather than rate risk.. Diesel squeeze set to last well into 2027 as Iran war disrupts supply, IEA says G20 finance chiefs to forgo joint statement as Bessent skips Bangkok meeting UBS Ermotti ultra-tough: Wall Street Journal brings US merger EU leaders are reportedly discussing "more limits" on Chinese goods after the hybrid car deal Meloni lays out Italy’s vision for a stronger Europe: Security, competitiveness and strategic autonomy Anthropic results may aid IPO but not AI trade, analysts say - The HinduBusinessLine TSMC posts record profit for a sixth straight quarter, beating estimates on AI boom CoreWeave Stock Could Go to Zero if AI Boom Falters, D.A. Davidson’s Gil Luria Warns Stock Market Today, Oct. 14: Oracle Tumbles on Hotter CPI Data Lifting Treasury Yields Barchart on X: "Semiconductor Stocks $SOXX are getting hammered in after hours and on track for their 8th consecutive red day, which would be their longest losing streak in 16 years 📉 📉 https://t.co/6s15kvW4O1" / X Barchart on X: "Small Cap Stocks $IWM have entered a technical correction after falling more than 10% from their August all-time high 🚨 https://t.co/pisVwZdJTg" / X Meloni lays out Italy’s vision for a stronger Europe: Security, competitiveness and strategic autonomy – Decode39 Ukraine war latest: Musk calls for Zelenskyy to go - after Ukrainian says he's 'losing' US to 'painful' Trump choice | World News | Sky News US considers easing sanctions on shadow fleet vessels to cut freight rates, official says | Reuters G20 finance ministers, central bankers gather amid fallout from Iran war | Business and Economy News | Al Jazeera Fed's Daly says more rate hikes may be needed but sees no urgency to act now - The Herald Business Ermotti ultra-hart: Wall Street Journal bringt US-Fusion – Inside Paradeplatz ...(doubt it will happen, probably the usual threats to Swiss government,..let's see) Hedge fund Tiger looking at $5bn gain on OpenAI – The Armchair Trader UK economy grew 0.1% in August, beating expectations BlackRock AUM Hits $15.5 Trillion Following $205 Billion Of Quarterly Net Inflows Victoria Beckham’s 'tragic' homeware range 'worse than Poundland' | This is Oxfordshire

Markets : Fed's Goolsbee says "AI is an inflation problem", S&P500 forward PE drops to lowest since 2023, ECB President Christine Lagarde signals no intervention in France’s fiscal crisis (yet...), ECB not seeing second round inflation effects, China's exports SURGED last month - up 36% on a year earlier, 88.6% of Japan households expect prices to rise a year from now, BOJ says, IMF dials up calls for urgent fiscal consolidation >>> TEN STOCKS DROVE 70 PERCENT OF THE S&P 500'S GAINS SINCE MARCH 30 (concentration of risk and earnings..), now focus on U.S CPI Global smartphone shipments hit the worst third quarter in 14 years due to memory shortage caused by SI Iran shifting tactics to step up attacks on shipping before US vote | The strategy includes a change in the type as well as the pace of attacks, with ​one goal being to influence the outcome of the US vote, Saudi Aramco HQ attacked in suspected Houthi strike | Iran-backed militants retaliate after Riyadh-led coalition targets sites in Yemen’s capital, Oil prices climb as Iran deploys new tactics to target ships transiting Hormuz | Oil prices climbed on Wednesday after two vessels were struck ‌in the Strait of Hormuz and Iranian officials told Reuters they were deploying new tactics to target ships, as Tehran seeks to keep oil prices high and influence the US midterm elections Europe's mass-market carmakers under 'enormous pressure', Volkswagen CEO says Bank of America fined $1.2 billion over money-laundering violations China just issued 3-month bills at 1.13% yield, lowest rate in over 17 years, for context, equivalent US T-bills are at 4.05%, demand for Chinese sovereign debt remains very strong, even as Beijing supports growth and manages a stronger yuan China’s September exports soar, putting $1 trillion trade surplus in sight, largest in over 5 years, even with tariffs, threats, the world needs China more than ever.. Saudi-Houthi War: Powerful Explosions Rock Riyadh After Residents Get Aerial Threat Alert - News18 Ukraine war briefing: Zelenskyy decries ‘absolutely unjust’ lack of warning from allies after Kyiv plant strike | Ukraine | The Guardian ECB President Christine Lagarde signals no intervention in France’s fiscal crisis | CNN Business Iran faces worse economic outlook than war-hit Mideast rivals, IMF says | Iran International China’s September exports soar, putting $1 trillion trade surplus in sight | The Straits Times IMF dials up calls for urgent fiscal consolidation | Reuters South East Asia haze: What's choking Singapore, Malaysia and Indonesia? UK growth forecast upgraded but higher energy prices to hit economy next year Williams says Fed may not have to hike rates in 2027, at odds with traders Bank of America fined $1.2 billion over money-laundering violations Taiwan agrees to buy 30% of gas from Alaska LNG project, Trump says Can Oxford Instruments capitalise on the AI infrastructure boom? – The Armchair Trader How bad has the 'cost of living crisis' really been? What's up with Donald ??!!?? Clash Report on X: "Trump: https://t.co/LZxN4Jv82m" / X Aaron Rupar on X: "Q: You said Zacharia is an attorney. Where did she pass the bar exam? What state? ZACHARIA: When I moved to China https://t.co/LUAk4Vhqgp" / X

Relative value asset management for global assets. PVM's Investment Matrix combines balance-sheet analysis with peer comparison to identify entry and exit points. Asset Management Using our unique relative value based Investment Matrix we build portfolios with superior analytical metrics, compared to mainstream equity indices. We currently have two different Portfolio offerings; firstly our classical Long only Global Equity model (suitable for all investors), and a Multi-Asset Class model, designed to generate additional alpha (suitable for Professional and Institutional clients only). We deliver discretionary portfolio management through individually segregated accounts held in your name. This flexible mandate empowers you to complement our core PVM Investment Matrix Portfolio by actively incorporating listed securities of your own selection. PVM Global Equity Long Strategy Type Long Global Equity Suitable for All Investors Focus Absolute return/low risk Minimum Investment 150k CHF 2025 Performance 2026 Performance (30. Sept) +21% +6.3% Performance since Jan 2016 +109% More PVM Global Multi-Asset Strategy Type Multi-Asset Class Suitable for Qualified Investors Focus Absolute return Minimum Investment 250k CHF 2025 Performance 2026 Performance (30. Sept) + 26% +13.4% Performance since July 2015 +194% More Our Investment Philosophy Investment Matrix Fundamental Design In 2015 we developed our dynamic Investment Matrix consisting of many fundamental variables, designed to identify value opportunities within Global Equities. Our Investment Matrix is constructed to identify and establish sustainable value. There are many reasons why that value may also not be sustainable, such as changing consumer sentiment or spending more on share buybacks than current cashflow permits, the PVM Investment Matrix reacts to these changes. Algorithmic Processes Systematic Throughout We utilise proprietary algorithmic screening, with a high degree of automation, to analyse the global equity universe, monitor our Clients' Portfolios, and identify new opportunities. Furthermore, we use algorithmic execution tools when buying and selling our clients' portfolios, where appropriate. Qualitative Rationale Deeper Understanding Driven by deep analysis of balance sheets and employing further levels of qualitative analysis, results in a thorough understanding of the companies we invest in. We consider factors, such as; the mix of Goodwill and Intangibles to Net Equity, tracking deviations from recognized Accounting Standards and taking a broader view of the global economic landscape. Robust Returns, less Risk Better Together The combination of quantitative systematic analysis, overlaid with qualitative reviews and active management within clearly defined parameters, results in an investment model which is both robust and not easy to replicate. Stable returns are achieved by taking less investment risk, at higher valuations. Investment Process "We believe that an uncompromising investment process is a key component in delivering consistent returns."

Meet the PVM team — 75+ years of combined professional experience in Swiss asset management and relative value investing. FAQs (/faq) MANAGEMENT TEAM Elke Balters Compliance Officer Qualified Lawyer Read More ProCloud AG Information Technology Provider Cloud Services and Cyber Security Read More SwissComply Compliance ICS Specialising in Finma Compliance Read More Alison Lazerwitz Non Executive Director Legal & strategy advisor Read More Stephan Collet Chief Executive Officer Expert in global macro and derivative products Read More Richard-Mark Dodds CIO & Chairman Detailed knowledge of fund management portfolio construction, accounting and treasury operations management. Read More