Student SpotlightMacro13th October 2026
As global passive ETF assets under management approach $24 trillion, billions in savings are rushing into index-tracking fund for a sense of diversification, and the market structure is being changed dramatically. From the loss of active price discovery in market to creating the passive feedback loops for investor, the loss of active arbitrageurs in market is creating an enormous concentration risk for investors.
Cyrus Cheng9 min read
Public Policy12th October 2026
Washington’s new sanctions have left no middle ground between Washington and its adversaries. The UAE has given way, Turkey is hedging, and India is bending, but the evidence indicates that the middle ground is not disappearing but moving.
Evan Coles11 min read
MicroPolicyStudent Spotlight12th October 2026
Fears over AI’s potential existential threat have entered the economic mainstream. As the US competes with China to lead the technology’s development, the prospect of slowing its advance looks increasingly remote.
Ranulf Kirby9 min read
Macro12th October 2026
Japan's currency has continued to fall despite rising interest rates, exposing the limits of monetary policy when global markets move against domestic priorities.
Ahana Bhattacharya5 min read
MarketsStudent Spotlight12th October 2026
In 2013 there were 39 unicorns. Today there are over 1,300. But how many of them justify their immense valuations?
Martin Moscoso Lapiana13 min read
OpinionMacro9th October 2026
France’s bond revolt is starting to look less like a market wobble and more like a eurozone-style warning, as political paralysis, rising borrowing costs and a government with little incentive to shrink the debt pile threaten to drain investor confidence and leave the French economy paying the bill.
Shea Sykes6 min read
Markets5th October 2026
As governments and technology companies compete for increasingly expensive capital, rising bond yields are reshaping the cost of borrowing. Does the growing demand for debt means for governments, financial markets and the future of the AI boom.
Ahana Bhattacharya6 min read
Student SpotlightPublic Policy4th October 2026
From next April, the full state pension will be taxed for the first time. Two policies that were never meant to meet have collided, and the Chancellor has until the Autumn Budget to decide who pays.
James Haidry9 min read
Private Markets2nd October 2026
The London discount looked like the reason UK companies keep being bought. It was really the lender's underwriting policy, and that sets the ceiling regardless of where the shares trade.
Abir Ghosh Biswas7 min read
MicroPolicyStudent Spotlight30th September 2026
As Britain races to expand its electricity grid, Ofgem's new commitment fees should thin out a crowded connections queue, but only if they test whether projects are progressing rather than how deep developers' pockets are.
Thomas Clarke11 min read
MacroOpinion28th September 2026
Some would describe the so-called "neoclouds" as the railways of the AI revolution that facilitate the steam-trains of the next most powerful chips to thunder across. However, are these AI infrastructure giants economically viable in the long term?
Shea Sykes5 min read
Global HealthcareMarkets28th September 2026
Anthropic's Claude has identified a previously uncharacterised biological system. For biotech investors, the real breakthrough could be AI making the earliest stage of drug discovery much cheaper.
Abdul Wasey Bhatti5 min read