Update from the PMs – April 2025

It’s been an extraordinary few weeks. While US equities fell sharply, European equities were booming (at least, prior to Trump’s sweeping tariff announcements).

Update from the PMs – March 2025

We’ve seen a continuation of short-term equity market unpredictability over recent weeks. While this is ever present, for sure, it’s exacerbated by the modus operandi of the new Trump Administration.

Update from the PMs – February 2025

We take a step back and consider from first principles some of the prevailing questions on equity markets from 2024: Are valuations too high? Are markets heading for a correction? Or should investors stay the course?

Quarterly Letter: Q4 2024

Q4

This insightful quarterly update sheds light on our evolved investment strategy which focusses on ‘advantaged’ businesses within structural transformations. Also learn about the four major cyclical upswings expected in 2025.

Update from the PMs – January 2025

Long summer days are perfect for catching up on the best content of the year just gone. And in this post, we’ve got you covered with just that + our Q4 2024 letter.

Update from the PMs – December 2024

December 2024 letter by Montaka

Discover how the Republican election victory boosted US equities and why Spotify’s Q3 earnings far exceeded expectations. Learn about Montaka’s insights on Alphabet, KKR, and the latest trends in AI and the US housing market.

Update from the PMs – November 2024

A popular narrative suggests that stocks are expensive and investment opportunities are scarce. However, Montaka is finding numerous undervalued stocks, enough to fill a highly concentrated portfolio.