– Global equities fell in September following five consecutive months of positive performance. Several reasons were given to explain this downward move including profit-taking ahead of the US elections, fears that the economic recovery may stall due to the second wave of infections and uncertainties related to the next round of US fiscal stimulus. Considering the months ahead and majors headlines to come (US Elections, Covid, Brexit,…), high volatility should be expected.

– Overall, most partners funds demonstrated resilience in September and outperformed their respective benchmark. Year-to-date, relative to benchmarks, the fund range (ex EM) is performing strongly.

– We hosted our second ‘K Women – Leader’s tips’ (off record with Top European Leaders) in Paris on October 8th with as guest incredibly talented Christine Jacglin, CEO of French Banque Palatine (BPCE) and who has headed several other banks before.

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