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Nov 28, 2017
ACAL China Equities

China is a critical player in the world economy and is the worlds largest economy on a purchasing power parity […]

Nov 1, 2017
Closed Direct Deals – Symphony

Symphony Communications Services (“Symphony”) is a secure cloud communication service replaces multiple sources of unsecured, low security digital comms used […]

Oct 10, 2017
Closed Direct Deals – Owl Rock Capital

Owl Rock Capital Fund 1 is the most compelling opportunity of its class to participate in, as it is principally […]

Sep 25, 2017

Alphabet Inc. (Google) exhibits many of the traits that we look for core holdings: industry leading product/service, strong brand recognition, […]

Sep 18, 2017
BNP Paribas

BNP Paribas is a France-based company engaged in the financial industry. The Company provides banking and financial services. The Company […]

Sep 11, 2017

SoftBank Group Corp., formerly SoftBank Corp., is a holding company. The Company is engaged in various businesses in the information […]

Sep 4, 2017
Royal Dutch Shell

The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and […]

Aug 31, 2017
Japan Equity Overweight

The Japan economy is picking up. GDP has been decently strong for six quarters, last quarter +2.5%. We are positioning […]

Jun 10, 2017
ACAL Mid Year Review 2017

Overall we are turning slightly cautious on the risk/reward environment. Many economies have increased their debt load substantially, some haven’t […]

Jun 10, 2017 is one of China’s largest e-commerce company and part of the core portfolio for higher risk appetites. It is […]

Feb 7, 2017

Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. The Company […]

Feb 2, 2017

Facebook, Inc. builds products that enable people to connect and share through mobile devices and personal computers. Facebook is part of […]

Feb 1, 2017

The USD has broadly weakened (DXY Trade Weighted index as proxy) due to doubts about FED/Yellen resolve to raise rates. JPY […]

Jan 24, 2017
Screening for the Trump impact

No surprises that President Trump has been in the headlines – one certainty is that the established world order is […]


Many of the big financial institutions invest considerable effort to compile a forecast for the year ahead. It is maybe…

Owl Rock Capital is our preferred exposure to US Direct Lending and provides a superior dividend yield with strong risk…

High quality and systemically important French Banking giant. BNP’s superior fundamentals and management has allowed it to handle Eurozone…

Softbank is a strategic and deep thinking technology player…