Market Update 4 August 2026, with columns by Harry Geels, Han Dieperink and Evan Clark
Market Update 4 August 2026
Han Dieperink: The returns of cheap AI
Low-cost AI does not pose a threat to chip shares. In fact, it boosts demand. A more interesting question is: who ultimately benefits from the productivity gains?
EDHEC: Evergreens need better governance and disclosure
Evergreen private equity funds promise access, convenience, and periodic liquidity. But closer analysis reveals structural features that pose material risks for investors.
Can a banker really believe in degrowth? As long as banks derive most of their profits from credit growth, this combination will remain fundamentally at odds.