Market Summary   Most markets at or close to 3-month highs, with the US in the lead and Europe and the UK slightly lagging Outperformance of momentum and growth has reversed relative to value and cyclicals over the past few days, as business conditions start recovering However, uncertainty around the…

VAR Capital recently promoted Valerie Bertumen and Shilpa Nanda to Senior Analysts. They both joined VAR Capital several years ago as Analysts. Valerie joined VAR Capital in 2017 as an Investment Analyst. She holds an honours degree in Mathematics from the University of Warwick. Shilpa joined VAR Capital in 2016…

Introduction VAR Capital’s investment strategies can be categorised into one of three buckets, namely: Thematic, Event Driven and Value. In this paper, we discuss an interesting thematic opportunity; “Momentum vs. Value”. Momentum investing involves taking a long position in upward-trending assets. It assumes that recent growth trends will continue in…

Please click on the link below to find our latest report from VAR Investment Committee meeting for Q3, 2019. VAR Investment Committee – September 2019 Short read: Market Overview: Bonds and Equities have done quite well year to date despite trade war escalations; slowdown in global growth; Brexit uncertainty and…

I am sure you have seen the sharp move in GBP recently. Since the latest high of 1.33 in March 2019, sterling has depreciated against the dollar almost 8.5% to the current 1.215 as the risk of a no-deal Brexit significantly increased. Why this is happening? The market is clearly catching up with…

Brexit is unique. There is no precedent of a developed economy withdrawing from a trade agreement as major and complex as the European Union. There are many potential issues affecting UK’s financial stability arising from this ongoing process. The political and economic consequences of Brexit in the long run are…

A draft deal has been agreed between the negotiators and the UK Cabinet on Brexit. This is not a trade deal – that will be negotiated during the 21 months long transition period after the Brexit date on 29th March 2019. The current agreement details how Britain will separate from…

VAR Capital’s Vikash Gupta discusses the firm’s views in the PAM Insight CIO Roundtable on 8th March, 2018. Vikash said that the lack of focus on market risks concerned him. Referring to the market volatility that occurred at the start of February, Mr Gupta said that his research suggested that…

VaR Capital Co-Founder and CIO Rajat Sharma shares his views on the markets with the editor of Portfolio Adviser magazine in June 2017. Rajat confirmed that his team is currently in the “wait and watch” mode in the low risk portfolios. The portfolios are overweight cash, defensive and “event names”…

VAR Capital’s performance is benchmarked by STEP, the Society for Trust and Estate Practitioners.  The benchmark has several institutional managers, such as HSBC, Rothschild and Royal Bank of Canada. Here is our STEP 2017 Q4 performance report, which details that over c. 5 years we have outperformed the benchmark by…