finance

FinLantern and MGF have announced a strategic partnership in the organization of events in Europe for selected investors and asset managers

Nobel Prize winning-economist Robert Shiller says the U.S. equities markets are "quite high" currently but may go even higher in coming months, and that’s why he’s not exiting the market completely.

He was reffering to the valuations measured by the cyclically adjusted price-earnings (or CAPE) ratio he developed with John Campbell. In fact, the only times they have been higher were in 1929 and 2000, the Yale professor said. Both years saw historic market crashes. The metric compares current prices to average earnings over the past 10 years adjusted for inflation.

Online pharmacy Zur Rose Group plans to raise up to around 230 million Swiss francs ($236.6 million) in an initial share sale, the Swiss company
said on Thursday, with the cash to help grow operations including its DocMorris unit in Germany.
The IPO, with a price range of 120 francs to 140 francs per share, would value the company at between 780 million francs and 870 million francs, Zur Rose said.

Geneva is a truly remarkable hub: the second financial centre in Switzerland, but possibly the first in commodities trading

Zurich gets a new museum. The ‘Swiss Finance Museum’ will open on 28th June and it will be located at the new head office of Six in Pfingstweidstrasse 110.

The ‘Swiss Finance Museum’ will offer visitors a new multimedia exhibition illustrating the origins of our economic system as well as the major significance of the financial market and its infrastructure for our everyday life. The exhibition focuses on stock exchange trading, the capital market, financial instruments, payment transactions and technical objects, demonstrating the exemplary innovation of the financial industry

As a stock picker and value investor I rarely get involved in discussing macro issues during Investment Committees or during meetings with clients. Anyway, since talking about Trump, Macron, volatility and US Non-Farm Payrolls seems to be fund managers’ main occupation, I’ll try my best… But please, as grandpa Warren once told us, always remember: “Market forecasters will fill your ear but never fill your wallet”.

The swings of economies and financial markets resemble the swings of a pendulum. They spend most of the time oscillating near the average, swinging toward or away from the extremes of the arc. But when they reach one extreme you can be sure that sooner or later they are going to swing back to the midpoint. That’s because the effort needed to reach the extreme is the premise for the swing back. It goes without saying that investors don’t have to get caught in that movement (…and hopefully profit from that).
But, and there is one big fat “BUT”: no one can constantly and correctly predict the timing of the “swing back”.
The only thing that we can do is trying to figure out what the market conditions are at present. In better words: “We may never know where we’re going, but we’d better have a good idea where we are” (H. Marks).

"The purpose of SFI was to build up finance expertise in Switzerland. The approach was to boost the strength of the Swiss banking and finance academia. Since 2006 SFI has built up one of the largest and most successful finance faculties worldwide. "

One key indicator of how a consumer-based economy is performing is car sales.