Cross-Asset Thematic Strategy, Edelscourt

Albert Maass

Albert brings over three decades of experience from the financial industry, having worked with top institutions across the UK, Americas, and Asia. His broad expertise spans investments in multiple asset classes and extends to risk management.

In a previous role, Albert served as the Head of Alternative Investments at Shinsei Bank in Japan, where he oversaw a varied portfolio comprising private equity, hedge funds, reinsurance, credit, and other assets. His distinguished career has seen partnerships with prestigious institutions such as HVB, the European Bank for Reconstruction and Development, Nomura International, Mariner Investment Group, Allied Capital Asset Management, and the Central Bank of Chile.

Albert is a certified Financial Risk Manager (FRM) and is an alumnus of the Universidad Católica de Chile, with a degree in Business and Economics

Cross-Asset Thematic Strategy

New Additions to RRG Proprietary Governance Scoring System Highlights Weak Governance in Japan

RRG Proprietary Measure of Sentiment @ Unsustainable Level - Set to Fall Dragging Equities Lower

US Equity Market Looking Increasingly Expensive

Thematic (Sector/Industry)

United states / Thematic (Sector/Industry)

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The S&amp;P has returned 17% annually in real terms since the bull market started in 2009.
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<li>
Such return is well above the 4 to 10% annual range generated by stocks over any previous 30 year cycle¹.
</li>
<li>Even if we shorten the window to a 10-year cycle, Schiller's cyclically adjusted Price/Earnings ratio (CAPE) shows stocks are now 80% overvalued compared to their historic average as well.</li>
<li>
CAPE puts stocks at their September 1929 levels, prior to the Wall Street crash (though not yet at their 1999 peak…</li>
</ul>
</div>


The S&amp;P has returned 17% annually in real terms since the bull market started in 2009.


Such return is well above the 4 to 10% annual range generated by stocks over any previous 30 year cycle¹.

Even if we shorten the window to a 10-year cycle, Schiller's cyclically adjusted Price/Earnings ratio (CAPE) shows stocks are now 80% overvalued compared to their historic average as well.

CAPE puts stocks at their September 1929 levels, prior to the Wall Street crash (though not yet at their 1999 peak…



Are Stocks Predicting Bonanza?