After generating 13% performance in 2013, Rothschild's New Court fund fell behind global equities, dropping -0.2 in the first quarter of 2014, according to an investor letter reviewed by ValueWalk. Odd for a banking reputation that conspiracy theorists claim controls the financial world.
“This time it is different” is red flag
Expressing a degree of doubt in the current economic environment, Mark Kary, head of Rothschild's UK Wealth Management division, displayed a skeptical dose of traditional wisdom. “Whenever asset prices are rising, investors often get caught up with the latest popular fashions or theories about why ‘this time it’s different’,” he wrote in their fourth quarter investor report. “Here, the valuation of assets (and the price you pay for them) is...
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