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  • Alexander Johnstone

Alexander Johnstone

Assistant Fund Manager
Articles by Alexander
The golden rule returns
Jul 2026: Gold’s rally has reversed as rising real yields, cooling retail demand and shifting investor sentiment have outweighed central bank buying. While retaining long-term value, gold currently behaves more like a risk asset than a hedge.
Remembering the forgotten man
Populism feels alien but is in fact nothing new. We explore three previous populist episodes in the US to help us better understand the implications for Western governments today.
Taking credit for protection
Sep 2025: This month’s Green Line explores why investments that gain exposure to credit spreads can be a useful complement to equity market protections.
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