Latest insights

15 September 2025 3 mins

What tech's big players are spending on AI R&D

Earlier this month, the UK Government reported a record £2.9bn invested in British artificial intelligence (AI) companies in the past year, with average deal sizes of £5.9m. Still, this figure pales in comparison to the scale of investment by the major US tech giants. Publicly available data shows...

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3 September 2025 < 1 min

Government bonds: High supply, but no demand?

Having previously challenged some common myths around government bonds, here we dive into one of the most fundamental changes in the landscape: the supply-demand balance being upended.

It is no secret that governments around the world are spending big. From January to June 2025, the US federal government...

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17 July 2025 < 1 min

Managing currency: more than meets the eye

For much of the past 15 years, the US dollar has been strengthening steadily relative to other currencies. The dollar’s role as the world’s reserve currency has been a source of strength, compounded by the notion of ‘US exceptionalism’ as US equity markets have outpaced their peers over the long term...

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17 July 2025 4 mins

Don't roll back the clock on audit oversight

Robust and independent audit is one of our key stewardship priorities. We seek to promote accounting practices that support long-term capital preservation and value creation. That means ensuring prudence to prevent overstatement, and maintain transparency around capital strength to help contain excessive risk-taking...

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17 July 2025 < 1 min

The surprising market upside of the Trump agenda

The performance of global equities in the second quarter of the year was a textbook example of markets climbing a wall of worry. By the beginning of July, the MSCI World index sat above its level on the eve of President Trump’s “Liberation Day” on 2 April...

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