All Insights
Gemcast Episode 1: Niche, global or both, the future of private credit
<p>In episode one of Gemcast, Felipe Berliner, Co-Founder and Head of Structuring at Gemcorp Capital discusses the future of private credit.</p>
5 June 2025
Commodity Watch: Where’s my money?
<p>Even in exits, LPs are getting less than they bargained for with most positions selling below their mark. The decline in distributions occurred despite strong public markets. Historically, public market disruptions result in muted distributions. If the April turmoil extends, LPs may end up receiving even less cash.</p>
3 June 2025
Commodity Watch: The long bond goodbye?
<p>A tepid auction of the 20-year US government bond on May 21st added to investors’ concerns about higher debt and persistent inflation. Granted, the 20-year is not popular (it was shelved from 1986 –2020), but long-term US government yields remain elevated relative to the last 15 years, Thursday’s auction of 30-year bonds will be telling.</p>
3 June 2025
Commodity Watch: AI is Thirsty
<p>For each one-hundred-word email, ChatGPT consumes 500ml of water – slightly more than a 16-ounce bottle. AI inferences results in similar water consumption patterns (see map below for number of inferences per 500ml). For reference, the average adult should consume 2-3 litres per day.</p>
28 May 2025
Commodity Watch: A Baltic Freeze
<p>The Baltic Exchange Dry Index (BDI) tracks the cost of transporting raw materials by sea and traces its origins to the London Virginia Coffee House (established in 1744) where merchants used to meet and trade goods and information from America. </p>
20 May 2025
Commodity Watch: Portfolio Insurance
<p>Long term predictions of financial markets are also difficult. Small initial modifications can cause large changes across the economy upending years of successful investment approaches. Insurance is key. Hedging portfolios is one form of insurance. Diversification is another. </p>
13 May 2025