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?

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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.

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Harry Geels: Can a banker be a degrowth advocate?

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.

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