Lombard Odier
Market insights and commentary from Lombard Odier.
Switzerland3 articlesLast published 17 Jun 2026
Multi-AssetEquities
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Lombard OdierEquities
Does a wave of IPOs signal an equity peak? | Lombard Odier
Lombard Odier's CIO EMEA argues that the 2026 IPO wave—led by SpaceX, Anthropic, and OpenAI—does not signal an equity market peak, as issuance levels remain within historical norms and corporate buybacks should broadly offset new supply. The piece maintains an equity overweight tilted toward emerging markets, shifts technology to neutral, adds financials as a preferred sector, and flags a US-Iran oil accord and a steady Fed as key supports for continued gains.
17 Jun 2026
Lombard OdierMulti-Asset
US-Iran agreement | Lombard Odier
Lombard Odier's CIO Office analyzes the US-Iran interim agreement to reopen the Strait of Hormuz and extend the ceasefire by 60 days, maintaining their macroeconomic forecasts and pro-risk portfolio stance. They retain a Brent crude average price target of USD 90/barrel over the six-month conflict period and USD 78/barrel over 12 months, while favouring EM equities, financials, utilities, healthcare, and select fixed income maturities.
16 Jun 2026
Lombard OdierIndustry
UK carried interest 2026: tax and workdays | Lombard Odier
From 6 April 2026, the UK has fundamentally changed the taxation of carried interest, shifting it from Capital Gains Tax to the Income Tax framework, with qualifying carry benefiting from an effective combined rate of ~34% and non-qualifying carry subject to full rates. The piece uses a case-study format to explore planning implications for internationally mobile private equity professionals around UK workday thresholds, residence rules, and cross-border interactions.
16 Jun 2026