Investment Innovation

Macro Foundations

Guided by innovative macro research, a disciplined investment
process and effective risk management, we aim to be our clients’
most trusted long-term partner

Videos

What’s New

Fulcrum’s Investment Process Explained

In this video, Suhail Shaikh, Chief Investment Officer, discusses:

  • An overview of Fulcrum Asset Management
  • Fulcrum’s investment committee and process
  • Fulcrum’s key strengths and differentiators
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Videos
Chairman’s Views

What’s New

One dot makes the difference

Read our Executive Chairman, Gavyn Davies’ current market views as at 21 March 2024:

  • Soft landing remains FOMC’s most likely scenario
  • Powell chose not to emphasise the concerns raised by the latest two inflation prints
  • The longer run dot rose by only 0.1%, much less than expected
  • The mean policy rate dot for end-2024 rose from 4.7% to 4.81%
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Chairman’s Views
Views & Research

What’s New

March 2024 wrap-up: global growth accelerates as central banks diverge

The month of March saw a continuation of recent trends, with a further improvement in market sentiment alongside an acceleration in global economic activity.

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Views & Research

Views & Research

Macro Insights

05/04/2024

March 2024 wrap-up: global growth accelerates as central banks diverge

The month of March saw a continuation of recent trends, with a further improvement in market sentiment alongside an acceleration in global economic activity.
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Chairman’s Views

21/03/2024

One dot makes the difference

As the markets have noted, the main message from the Federal Open Market Committee (FOMC) yesterday was that a soft landing remains their most likely scenario, and they are working hard to achieve it.
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Macro Insights

06/03/2024

February 2024 wrap-up: growth optimism, inflation concerns dominate markets

In February, markets were impacted by several large – and at times conflicting – cross-currents.
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Videos & Podcasts

Macro Matters

Amber signal from US inflation

Resilient equities and low credit spreads with rising bond yields indicate stronger global growth.

Investment Outlook

Q1 2024 Investment Update

The primary drivers of Fulcrum’s performance so far in 2024 and whether there have been any unexpected market movements over the period.

Macro Matters

Global upswing broadens but oil is a problem

Global economic activity pick-up and the strong payroll employment growth in the US.

Macro Matters

Immigration and the dots

The impact of immigration on labour supply and the long-term "dot".

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Chart of the Week

As at 12 February 2024

Certainty increases around US growth picture

Source: Fulcrum Asset Management

On Friday February 2nd, the closely watched non-farm payrolls report in the US showed +350k jobs added, almost double consensus expectations. The 2-year Treasury yield, which is often influenced by expectations of Federal Reserve policy, jumped over 15 basis points on the day of the release. This likely reflected the upward re-assessment of US growth prospects, with markets pricing a slower rate of interest rate cuts in response.
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A career with us

Fulcrum offers exciting opportunities for talented people looking for professional development and career growth, no matter what stage you are at in your working life. Our commitment to diversity and inclusion creates a welcoming and supportive environment where employees from a variety of backgrounds can bring their unique perspectives and experiences to the table.

Careers

About Fulcrum

Founded in 2004, we are a global, independent asset manager investing across all major asset classes and geographies. Ultimately, our aim is to deliver on our clients’ investment objectives, providing a range of innovative solutions that put macroeconomic research at the heart. We are not only disciplined by economic theory and empirical evidence, but also stringent risk management which is a vital component of our success.

Our focus is on uncovering investment opportunities wherever they are; our unconstrained investment universe provides the flexibility to implement what we observe as being the best investment strategies.

AUM £6.4bn (8.1$bn) as at 31 January 2024     

Diversification 

is not a constant; 

it is a function 

of the macro 

environment

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