🇦🇺 🇦🇺 On 1 September 2022, we bought the shares of Macquarie Group for our Partners at A$153 per share. Macquarie Group has surged to A$230 per share, making our Partners a profit of 50% in 14 months
🚨 🚨 UBS: “We believe investors should position for lower rates by putting cash to work in investment grade bonds, diversified fixed income strategies, and equity income strategies”
🇫🇷 🇫🇷 France: Political turmoil in France weighed on the nation’s stocks and bonds. The yields on benchmark French bonds traded near 3%, briefly on par with those of Greece for the first time on record
🇬🇧 🇬🇧 The UK government plans to impose a 20% tax on farms valued over £1 million, affecting about 500 farms annually, but the Central Association of Agricultural Valuers estimates up to 2,500 farms could be impacted each year