Our investment strategists absorb our teams’ political and economic analysis. Then, using a market lens, they provide our clients with independent investment strategy research, including views on asset allocation strategic, tactical investment positioning and portfolio risk management.

Our deep expertise in macroeconomics and geopolitics enable our investment strategists to dynamically spot both strategic trends and themes and tactical opportunities. By combining our deep macro understanding with rigorous market analysis, we provide clients with high-conviction views on the best course of action to take in order to capitalise on opportunities and avoid risks.

Our Approach to Investment Strategy Research

Timing is key, and our focus is to determine the optimal moment to increase or reduce exposure to a specific asset class or make a tactical trade. We take pride in presenting our clients with resolute ideas based on their specific needs, giving them an opportunity to adjust to their portfolios with greater confidence. In many cases, we act as a ‘sounding board’ or a ‘second opinion’ to help you see how interdependencies and interconnections will have an impact on your investment strategy.

Using detailed economic and political risk analysis as the building blocks of our strategy, our team of expert strategists assess market positioning and technical signals and quantitative strategy research model to formulate asset and investment recommendations based on the most likely outcomes. And our agnostic approach to asset classes allows us to give you the best value recommendations - whether that's cross-asset, multi-asset or within asset classes.

TS Lombard is please to introduce our new investment research theme of Decarbonomics, covering the economics and policy of reducing global reliance on greenhouse gas emissions.


Our Services

Our Investment strategy research expertise underpins all of our three research services: Global Macro, China and Global Emerging Markets and Global Strategy.

Our Track Record

We take great pride in our 30 year track record of independent investment strategy research, and we believe that our past research and investment strategy calls speak for themselves.

Investment Strategy
15 Dec 2021

unlock-marketsPositioning for accelerated Fed tightening

Economic activity and inflation justify a swifter policy response. There has been not only an onrush of the US economy’s return but also an improvement in the economy’s composition.

Investment Strategy
08 Dec 2021

unlock-marketsChina easing - indiscriminate equity upside

China is now engaging in broad easing, which historically has meant Chinese equity upside. China growth has been decelerating rapidly since July, but Beijing has turned more accommodative only gradually.

Investment Strategy
07 Dec 2021

Unlock marketsOmicron not slowing the Fed down

Omicron: we have been here before and the market knows it. This is not the market’s first rodeo: the WHO lists four “variants of concern”: Beta (first identified in South Africa), Gamma(Brazil), Delta (India) and Omicron (South Africa again).

Investment Strategy
26 Nov 2021

unlock-marketsNasdaq, long duration and the wrong type of inflation

Since equity-bond correlation turned positive this year, investors have started viewing Tech stocks as “long duration” assets, resulting in weaker performance when yields increase. We think this argument is flawed: while, technically, Tech does have longer earnings duration than the market, its sensitivity to yields is, in fact, lower owing to the sector being less indebted.



Our Investment Strategy Team

Head of Macro Strategy
, Head of Macro Investment Strategy Research

Andrea Cicione

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EM Macro Strategist
Jon Harrison, Head of EM Investment Strategy Research

Jon Harrison

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Analyst, Asia Property
Andy Lawrence-3

Andrew Lawrence

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Macro Strategist
Martin Shenfield, Macro Investment Strategist

Martin Shenfield

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Our macroeconomic analysis provides that foundation for our global investment strategy research. Our macro expertise gives us a unique perspective that allows us to present courageous, fresh, long-term thinking with high conviction.


Politics and government policy are increasingly significant global investment strategy drivers, and our world-wide team of geopolitical analysts are able to provide critical, timely insights into political shocks and policy developments that will influence investment performance - both regionally and globally.