Private credit has grown from a niche strategy into one of the most significant forces in global capital markets – and Toby Watson argues that understanding whether this growth is structural or cyclical is one of the most important questions…
The logic of capital allocation has shifted fundamentally over the past two decades – and Toby Watson argues that investors who apply yesterday’s frameworks to today’s markets are missing some of the most important dynamics shaping long-term returns. Capital allocation…
Derivatives have a reputation for complexity and risk – but Toby Watson argues that when used with discipline and a clear purpose, they are among the most precise and valuable tools available for managing portfolio risk. Derivatives occupy an uncomfortable…
Global macro investing demands the ability to synthesise vast amounts of information into clear, actionable views – and Toby Watson argues that this discipline, applied rigorously, remains one of the most powerful frameworks available for navigating complex markets. Most investment…
