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Alexis Bienvenu
Back to basics for bonds

Back to basics for bonds

By Alexis Bienvenu, Fund Manager, La Financière de l’Echiquier (LFDE) | June 2024 A long-dormant source of yield is now...

French actors, Italian script – how far can we fall?

French actors, Italian script – how far can we fall?

Since the announcement of the dissolution of the French National Assembly on 9 June, the French market has seen a...

Protection at any price?

In both Europe and the US, a cry has gone up in this year of elections – protect us! Against...

Protection at any price?
Borders to growth

Borders to growth

The strength of the US economy has been a constant source of surprise in recent years: after solid growth of...

The bitter taste of cocoa

Cocoa has smashed its all-time records. At the beginning of April, the cocoa futures contract topped 10,000 dollars per tonne...

The bitter taste of cocoa
Sunny intervals over the UK

Sunny intervals over the UK

Many a time, the UK has shown itself resilient after flirting with collapse. Will this again be the case in...

Waging financial warfare

His tone was sombre, his gaze determined, and the audience was awash with military decorations. In his New Year address...

Waging financial warfare
Virtual investments

Virtual investments

On the face of it, nothing is more tangible and robust than real estate: it offers utility, income, a regulated...

The US – ahead of the pack

The strength of US equities is bewildering – as at 15 February 2024, the S&P 500 is already up by close to 6%...

The US – ahead of the pack
The Chinese patient

The Chinese patient

There’s no stopping the fall in Chinese equities. In 2023, the MSCI China lost 14% in euro terms, continuing the...

Fiscal credibility – the revenge of the South?

The shape of European debt has undergone swift and surprising transformation. For the fourth year in a row, that paragon...

Fiscal credibility – the revenge of the South?