On 26 July this year, the thirty-third modern Olympic Games will open in Paris, where Tikehau Capital has its headquarters. An event of this kind merits one of our letters. Tracing the evolution of the Olympicspirit is not without interest for investors, as it will become clear that numerous parallels may be drawn between the evolution of Olympism and the evolution of our economic system. It appears to us that the challenges and problems facing Olympism in 2024 are comparable to those facing the global economy, and our underlying conviction, in both cases, is that reconnecting with the living world is the only sustainable solution to preserve the system as intended and prevent its collapse.
CIO Letter - April 2024