Emiel van den Heiligenberg

Head of Asset Allocation

Emiel rowed at university and claims to have been a lightweight until French fries got the better of him. His spare time has since been filled by a passion for shark diving and skiing. When not glued to his Bloomberg screens, this Dutch man is hooked on computer games, peanut butter and his favourite dark beer made by Belgian monks.

Posts by Emiel van den Heiligenberg

Strategy

When swimming naked becomes embarrassing

“You only find out who is swimming naked when the tide goes out” (Warren Buffett, 2001). In bull markets, market risk is often the most important driver of performance. However, we should pay attention to bottom-up investors in both equity and credit markets as they can add value in spotting turning points and identifying areas where investors may find themselves overexposed. 

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Strategy

The Butterfly Effect

I’m passionate about macro investing. As long as the markets are open, I don’t think about much else. Some people call it passion, others call it addiction.

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Strategy

Tariffs and Trump-induced turmoil

Shifting market narratives suggest the latest squall may not have passed, even though the solid underpinning of the global economy is likely to prevail in the coming months.

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Macrobites

Middle Eastern investors: still relatively cautious on markets

Middle Eastern investors have been cautious on risk for a while. I believe that if markets remain relatively calm, many will be tempted to deploy more cash.

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Economics

Is a US recession looming?

Last week saw the largest monthly rise in core US inflation since March 2005. Does this mean the sun is setting on this economic cycle?

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Strategy

Why the market wobble may be a Taper Tantrum 2.0

We are inclined to lean against the recent sell-off, which appears to be driven by excessive investor optimism and positioning.

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Portfolio Thinking

Adding science to investing in an uncertain world

We live in an uncertain world. With Brexit, Chinese growth and US policy just three of countless risks facing the ongoing bull market in risk assets, this is as true today as it ever was. So what’s an investor to do?

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