Chris Brown Chief Investment Officer The psychology of money This quarterly update is often guilty of writing about numbers and data and mathematical returns and making it sound like markets are a giant machine where if X happens then, pull the handle, and Y will pop out as your portfolio return. This is probably true […]
Chris Brown Chief Investment Officer This time really has been different For this update we thought we would mix it up a little and take a (much) longer historical perspective on our current situation, including data on the Black Death and Napoleonic wars. None of us have (thankfully) lived through a global pandemic (and few […]
Market Commentary Let us begin our review with some humility. We will talk here about what happened last year and give our outlook for the year coming up. But, as Yogi Berra famously once said, forecasting is hard, especially about the future. To illustrate this we show the one year forecasts the best and brightest […]
Chris Brown, CIO, 5th November 2020 In our October client overview we wrote that we had taken risk up a little in our investment portfolios. This meant adding some high yield credit and equities (mainly in Europe) where we thought it was appropriate. We wrote our rationale in detail in our update but – broadly […]
Chris Brown, CIO, 10th March 2020 Here is an update on the impact of Covid-19 on the markets and our portfolios. The one piece of good news is the containment measures taken by early victims of the crisis (including Singapore and China) look to be working. As an example, China reported 40 new Covid-19 cases yesterday […]
Chris Brown, CIO, 28th February 2020 Here is a quick end of month market update. As you may know, this week equity markets have fallen sharply on fears of the negative impact of the Corona Virus on the global economy. To put this in perspective, as we write the UK FTSE All-Share index is -13.7% […]
IPS Capital has made a value-add merger with Raymond James branch Prospect Wealth Management. The Merger with the boutique adviser elevates IPS to the UK mid-market. To read the full press release, please click here.
In this video, IPS Capital’s CIO and Partner, Chris Brown, reviews 2019 and discusses his outlook for 2020.
Below is a well-known (in investment circles at least) graph of the investor’s emotional journey over time. We are showing it in this quarter partly as a check so we can pause to see where we are on this cycle today and partly to gently remind our clients of the inevitable ups and downs of […]
Chris Brown, CIO The old-fashioned mediaeval doctor would arrive at the hour of need, give his diagnosis and propose a cure (which, in the popular imagination at least, would always involve leaches). It is a well-known medical property that if a patient thinks he is getting cured this will often trigger a recovery even if […]
