Liquidity is rarely the most exciting topic in wealth management – but Toby Watson argues it is one of the most consequential, and one that too many portfolios treat as an afterthought until it is too late. Liquidity management sits…
Principal investing demands a different kind of discipline from advisory or agency work – and Toby Watson’s career offers a masterclass in what that discipline looks like when applied consistently across multiple market cycles. Principal investing – deploying a firm’s…
Emerging market debt offers yields that developed markets struggle to match – but Toby Watson argues that accessing those returns requires a level of macro discipline that many investors underestimate. Emerging market debt has long occupied an awkward position in…
Private market timing is rarely discussed with the same rigour as public market strategy – and Toby Watson argues that understanding the credit cycle is the most reliable compass available for investors navigating this challenge. Timing in private markets is…
