Private credit or private debt?

Private credit or private debt?

The news broke on February 19 in the FT: private credit group Blue Owl will permanently limit investors’ ability to withdraw their money from its inaugural private retail debt fund, backtracking on a previous plan to reopen redemptions this quarter. As a result,...
₿: the new gold reserve for central banks

₿: the new gold reserve for central banks

It is not only the US that wants to accumulate Bitcoin as a Fed reserve. Brazil, too, with RESBit (Reserva Estratégica Soberana de Bitcoin), a bill presented to the Brazilian Congress in 2026, intends to authorise the state to accumulate up to 1 million BTC in 5 years...
Fusion or illusion?

Fusion or illusion?

Last Wednesday, the Financial Times published an article documenting a sharp increase in private investment in nuclear fusion: in 2025, 43 rounds of financing were recorded for $2.3 billion, the highest level since 2021. The reason is simple: investors believe that...
Precious metals: is the party over?

Precious metals: is the party over?

Last Friday was definitely a black Friday for precious metals. Here are a couple of figures:Silver: -30% from its peak in a few days (typical meme-stock drawdown)Gold: -15/16%, a more moderate but significant movement for a safe-haven assetPlatinum: recorded a decline...
Truth in wine loss

Truth in wine loss

A major fine wine investment company known as Oeno House once boasted around 3,000 clients and promised double-digit returns on invested capital. Today, it is closing its doors within a matter of days. To understand what happened, we need to delve into the murky world...
UBS: Act Three

UBS: Act Three

On Monday, UBS rejected government proposals to strengthen banking regulations in the wake of Credit Suisse’s collapse, saying they would make Switzerland uncompetitive and arguing instead for less costly alternatives.We covered the story in our previous...