QUAERO CAPITAL recently completed fundraising for QUAERO EUROPEAN INFRASTRUCTURE FUND III (QEIF III) in December, exceeding €1.4 billion in commitments and surpassing the initial target of €1.25 billion announced at its launch in the second half of 2023. The management company also raised an additional €400 million in co-investment capacity alongside QEIF III. Since its launch 10 years ago, QUAERO CAPITAL has therefore raised a total of €2.7 billion for its infrastructure business.
News
Is the AI Industry in a “DeepSeek”?
Over the weekend, a Chinese AI start-up funded by quant fund manager Liang Wenfeng released a new version of its large language model (LLM), named DeepSeek. Early reports indicate that DeepSeek’s performance is similar to that of U.S. competitors such as OpenAI and Meta.
The world after Fed easing
The start of monetary easing by the Fed is always a global event. Firstly, because of its impact on the global cycle. With more than 30% of world consumption (in dollars), US demand clearly steers the development of global demand.
A look back at the summer of 2024 and the key points for the markets between now and the end of the year
A look back at the summer of 2024
Macroeconomic developments
Macro surprises deteriorated over the summer before stabilising in September. The slowdown in activity is most marked in the developed countries (United States, Europe) and China. Nevertheless, global growth remained at satisfactory levels, close to 3% (Purchasing Power Parity) in Q3 according to the August composite Purchasing Managers’ Index (PMI).
Family shareholders driving companies to ‘go private’
Europe has recently seen an acceleration in the number of companies buying in their free floats and taking the decision to “go private”.
The trend to delisting may be bad for stockmarkets in the long term, but will benefit small cap investors in the short term.
Where is the world heading in the 2nd half-year to 2024?
On a global level, macro-financial conditions in the second half of the year will be dominated by the continuation of global monetary easing.
Where are Swiss small caps headed?
The underperformance of Swiss small caps compared with large caps over the last 2 years has been particularly marked (see chart below).
What if Nvidia gave renewable energies a boost?
With a jump of +151.5% in 2024, leading graphics card manufacturer Nvidia has clearly been the winning bet of the year, given that the company seems unavoidable if one is to capitalise on the AI craze.
Artificial intelligence sets the rules in the electricity market
The infrastructure sector (defined by the S&P Global Infrastructure TR USD) has had a reasonable first half of the year with a performance of +4.3% YTD. The two key sources of performance for the index were the power generation and the midstream energy sectors.Mehr lesen
European small caps starting to perform
The capitulation point in small caps may have passed… and the tide seems to be turning.