Insights

Since the end of World War II, the ties between political decisions, economics and financial markets have become central to the dynamics that shape our societies: this interdependence can clearly be witnessed through the multiple, complex and complementary mechanisms at work.

Rothschild & Co announced that Ralph Lerman has joined the firm’s North American Global Advisory business as a Managing Director on the Business Services team, effective immediately. Mr. Lerman will be based in New York. This expansion of the team underscores Rothschild & Co’s commitment to growing its U.S. Business Services practice and delivering best-in-class advisory services to both sponsor-backed and corporate clients.

Rothschild & Co is pleased to announce that Doug Fordyce has joined the firm’s Global Advisory business as Head of Energy, North America, effective June 2, 2025. Mr. Fordyce brings over 25 years of experience advising on a broad range of Energy sector mergers, acquisitions, and restructurings. He will be joining the firm’s successful Infrastructure, Power, Renewables & Energy group, based in Houston and reporting to Lee LeBrun, Partner and Head of Global Advisory, North America.

Rothschild & Co is pleased to announce that Matthew J. Greenberger will join the firm as Managing Director and Head of Real Estate, North America, based in New York. In this role, Mr. Greenberger will be responsible for leading Rothschild & Co’s real estate advisory activities across the region, strengthening the firm’s capabilities in an expanding sector.

Rothschild & Co is pleased to announce that Matthew J. Greenberger will join the firm as Managing Director and Head of Real Estate, North America, based in New York. In this role, Mr. Greenberger will be responsible for leading Rothschild & Co’s real estate advisory activities across the region, strengthening the firm’s capabilities in an expanding sector.

Economic activity remained relatively resilient in early 2025, although this stability was supported by temporary factors. In fact, global growth projections have been revised markedly down in recent weeks, reflecting tariff rates at levels not seen in a century and a highly unpredictable environment, while inflation risks have increased.

Die globalen Aktienmärkte legten im April um 0,9 % (in USD) zu, während deutsche Bundesanleihen mit einer Laufzeit von zehn Jahren eine Performance von 2,4 % erzielten.

Rothschild & Co’s Wealth Management business in Spain continues to grow steadily. José Luis Muñoz joins with immediate effect to meet increasing demand from clients.

We review a strong Q1 for the value of Growth Equity raises on both sides of the Atlantic ( US +48% yoy, Europe +22%) and the potential impact of the ‘Liberation Day’ tariffs on trading conditions for venture backed firms, the flow of funding into the asset class and valuation.

Global growth remained relatively resilient in early 2025. However, front-loading of global trade flows, particularly between Asia and North America, greatly distorted the reality. In fact, stagflation and recession risks have both increased significantly.

Nach einem starken Auftakt im Januar korrigierten die internationalen Aktienmärkte in den Monaten Februar und März deutlich. Auslöser waren wachsende Unsicherheiten bezüglich der wirtschaftlichen Entwicklung in den USA und der dortigen Zollpolitik.

Europas Aktienmärkte gehörten im ersten Quartal 2025 zu den klaren Gewinnern. Die wirtschaftspolitischen Dynamiken und die unterschiedlichen Bewertungsniveaus sprechen derzeit für eine weitere Outperformance des alten Kontinents.

In dieser Ausgabe von Insights untersuchen wir die sich wandelnden Dynamiken der Vermögensübertragung, mit einem besonderen Fokus darauf, wie generationenbedingte Veränderungen die Finanzlandschaft umgestalten.

Rothschild & Co Wealth Management UK has made three key Client Adviser hires to its established Regional Team in Leeds and Manchester to support growing demand for its services in the UK regions.

Ein Gastbeitrag von Richard Edelman, CEO Edelman

Globale Aktien fielen im März um 4,0 % (in USD), die Renditen globaler Staatsanleihen sanken um 0,5 % (in USD, abgesichert).

Kürzlich hatten wir die Gelegenheit, einen Roundtable Event zum Thema "Berufliche Vorsorge" zu veranstalten.

Our view of the long term is indelibly shaped by our 200-year history as a business. In this Quarterly Letter, we re-emphasise what 'long term' means to us, and how it shapes our approach to wealth management and investing.

Rothschild & Co is pleased to announce that Nicolas Lanel will join the Group to support the firm’s Private Capital business development throughout Europe with the origination and execution of GP-led transactions, particularly continuation vehicles.

Metals are crucial for daily life and the economy. Our fourth Sustainability Sphere discusses sustainable mining practices. Technology and mining share a symbiotic relationship; and they can drive each other towards a greener, zero-carbon future.

The Mansion House Initiative has ten of the UK’s largest pension providers committing 5% of ‘default’ funds from DC pensions to private assets by 2030, hoping to free up £75bn of growth financing. Ahead of the second anniversary of the Mansion House reforms we take a deep dive into funding conditions for UK private companies.

President Donald Trump’s trade-war salvo, the largest act of American protectionism since the 1930s, combined with his foreign policy’s complete shift, are sending significant shockwaves through the global economy. Although the full impact of phenomenal uncertainty is a key unknown, inflation and growth dynamics might well evolve opposite to investor’s Goldilocks scenario.

Globale Aktien fielen im Februar um 0,6 % (in USD), während globale Staatsanleihen eine Rendite von 1,0 % (in USD, abgesichert) erzielten.