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Perspectives

Notes from the group.

This page will publish irregularly. Posts here are written by the Director's office or, occasionally, by the operating teams beneath the group. New here — first essays in preparation.

FORTHCOMINGNOTE FROM THE DIRECTOR

Why Quartz holds, rather than exits.

On the choice to build by ownership rather than by fund vehicle — and what that horizon asks of the operating teams beneath it.

[DRAFT — not yet published]Read
FORTHCOMINGSECTOR

Defensive technology is not the defense industry.

A short note distinguishing protective and humanitarian programmes from offensive systems, and why the group operates only in the former.

[DRAFT — not yet published]Read
FORTHCOMINGNOTE FROM THE DIRECTOR

On patience in commodity intermediation.

A short note on counterparty discipline, the long arc of relationship-led trading, and why the group conducts most of its energy mandates with quiet patience.

[DRAFT — not yet published]Read