The Scottish Mortgage Trust – Update
The Scottish Mortgage Trust is considering its private company exposure and specifically it being over 30%. They recently issued an announcement on the London Stock Exchange regarding a proposed amendment to the Company’s investment policy. The proposal would allow the Board limited additional flexibility to approve further investments in private companies when exposure is above […]
Markets, Wars, and the Myth of the “New Regime”
When geopolitical tension rises, it’s completely normal to feel unsettled. Headlines can be confronting, information changes quickly, and markets can swing day to day. In moments like this, many investors find themselves thinking, “This time is different.” Sometimes the details are new, but the way markets behave during uncertainty is often very familiar. The most […]
Iran, Oil, and the Chokepoints That Matter
It’s not the headlines. It’s how the shock travels. When geopolitical tensions flare up, markets often move before anyone really knows where things will end up. That can feel unsettling, especially when the news flow is intense. But markets usually are not trying to guess the exact political outcome. They are trying to price the […]
HHG Client Bowls Day
We recently hosted a number of clients for our annual Bowls event at Beckenham Bowling Club. A beautiful sunny Christchurch day (as always). Congratulations to our winners Chris, Gary & John, as well as Les who won the ‘Spider’ one off bowl challenge.
NZ Market Positioning: Navigating a Higher Oil Price Environment
Recent global events have reinforced a theme that investors cannot ignore: higher energy prices are once again becoming a meaningful macroeconomic risk. Oil prices have moved sharply higher in March, reflecting renewed concern around Middle East supply disruption and the ongoing closure of the Strait of Hormuz. For New Zealand, this matters. Higher fuel costs […]
Central banks do not fight wars, but they do deal with the fallout
Geopolitical conflicts do not directly set interest rates. But they can change the outlook for inflation and economic growth, and that is what central banks respond to. When energy prices rise sharply, policymakers face an uncomfortable trade-off. Higher fuel costs can push inflation up, while also squeezing households and businesses in a way that slows […]