MyBinary Login

Investment Commentary – May 2025

June 5, 2025 1 min read

May 2025 demonstrated the complex interplay of policy uncertainty, technological disruption, and regional divergence shaping global markets. While alternative investments and select equity markets delivered strong returns, the underlying economic environment remains fragile.

American tariffs continued to be a dominant theme in markets. Global equity markets saw a significant recovery in May (MSCI ACWI GBP +4.8%), predominantly due to de-escalation between US and China on tariffs.

Fixed income was very volatile over the month, particularly around longer-dated fixed income.

Investment Commentary – May 25Download

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

Smiling man in suit with cityscape background.

John Ruskin

Chairman

John is an accomplished CEO with over 25 years of international leadership experience, having built and sold two self-funded businesses to large, listed companies, and run two major divisions of world-leading enterprises.

He co-founded, built, and sold Cube Financial Group (1997 – 2006), the world’s first independent brokerage agency, which grew to £120M revenues and >100 employees in UK and US. Acquired by Société Générale’s Fimat (Newedge). Further to this he led Newedge’s Futures, Options, Equities & Fixed Income business (2006 – 2013), maintaining stable trajectory throughout the financial crisis, and growing the business to €200M revenues and 550 salespeople in eight markets.

John then co-founded, grew and sold Coex Partners Group (2014 – 2018), growing to £11M revenues in three years with an international client base of hedge funds and asset managers in UK, France, and US. Acquired by TP ICAP.

After his exit from Coex Partners he headed Agency Execution for TP ICAP (2018 – 2022), one of four divisions of the world’s largest Interdealer Broker, leading organic and acquisitive growth to increase revenues from £30M to £320M in four years. John also directed integration and strategic refocus of Liquidnet into TP ICAP (2021 – 2022), as a key member of the leadership team that closed $600M acquisition of Liquidnet in 2021 embedding a new vision, strategy, and roadmap for the business to ensure sustainable growth.

John is hugely passionate about social mobility, having worked with schools, community centres, social enterprise clubs, and the Metropolitan Police on multiple initiatives, and mentored young people through BTEC and A levels. He is a family magistrate.