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Our Reichmuth Pilatus fund celebrates its 25th anniversary. We had the pleasure of welcoming around 100 guests to the anniversary. Speakers from companies we know well gave interesting and informative insights into their current environment.
With the war in Ukraine and the sharp sanctions imposed by the West, inflationary pressure has increased once again due to rising commodity prices. The West’s sanctions are even so far-reaching that Russia’s central bank reserves have also been frozen. China has not taken a clear position, which raises questions about the future world order.
With the start of military action in Ukraine, the crisis has reached a new level of escalation. The stock markets reacted with significant declines. The oil price continues to rise, threatening a stagflationary environment for Europe in particular.