Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

Head of Research, Steno Research

Emil Moller

Head of Research

Macroeconomics

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<li>Most investors treat EM as a bundle trade on USD strength and liquidity, not appreciating the diversity in EM’s thus taken-in exposure unreflective of their thesis</li>
<li>China and the US are the two giants who move markets with USD and trade respectively – both of which reflect the global cycle</li>
<li>See how we are positioned below and access our entire live portfolio book <a href="https://stenoresearch.com/portfolio/" target="_blank" rel="noopener">right here</a>
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</ul>


Most investors treat EM as a bundle trade on USD strength and liquidity, not appreciating the diversity in EM’s thus taken-in exposure unreflective of their thesis
China and the US are the two giants who move markets with USD and trade respectively – both of which reflect the global cycle
See how we are positioned below and access our entire live portfolio book right here



EM by EM #9 The EM Proxy Crime and when to Commit It