News & Insights

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LETTER FROM THE MANAGING DIRECTOR

Outliers — Singapore: From Swamp to Switzerland

On 9 August 1965, Lee Kuan Yew went on television and wept. Singapore had just been expelled from Malaysia. A city of under two million people, with...

VENTURE CAPITAL

Sovereignty and Subsidy

"Who is quietly underwriting your returns and what happens when the subsidy ends?" Two seemingly different forces are beginning to align.

PRIVATE WEALTH

Monthly Forex Outlook - August 2026

The Fed's July pause pushed yields to 19-year highs and the USD higher, while China's slowdown and Middle East tensions weigh on the outlook for...

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