Our Core Values: Independence · Transparency · Consistency
Our clients expect quality, relevance, and objectivity. We deliver by anchoring everything we do in three core values.
Independence
We are fully independent — no capital ties to banks or issuers — and our revenue comes from our research and related client services. That alignment preserves unbiased analysis and recommendations.
Transparency
Trust requires accountability. Each year we publish a track record that highlights where we were right — and where we were not — across our asset allocation and fundamental views. This open-book approach lets clients judge our process and results.
Consistency
Clear strategy needs a coherent view. Our economists speak with one voice. Our views are driven by independent research rather than headlines, chatter, or herding, helping clients focus on what truly moves portfolios.

What Sets Us Apart
A wide research lineup
From weeklies to deep-dive themes, we cover equities, FX, rates, corporate credit, commodities, and EM across tactical and strategic allocation horizons.
A cornerstone in French macro strategy research
Founded in 1986, we are France’s leading independent macro and investment strategy research firm. We have grown steadily as professional investors and corporates have turned to independent research.
Actionable research
We save clients time. Notes are concise, decision-ready, and explicit about portfolio implications—built to inform allocation, not flood inboxes.
If you want to know more about our core values and how we can help you in your investment strategy, Contact us.
