In Switzerland, inheritance taxation falls within the competence of the cantons, resulting in a wide diversity of tax regimes. In this context, Geneva stands out with a system that is both protective of families and, in certain cases, particularly advantageous by international standards.
On the surface, markets looked fine: indices near record highs, earnings strong, the kind of numbers that make it tempting to stop asking questions. But the more you look at what drove those returns, the less straightforward the picture becomes.
Telomere Capital is proud to be recognized among the Citywire Switzerland TOP50 Elite Companies 2026, a distinction that reflects our commitment to independent, responsible, and long-term oriented wealth management.
April was a reminder that war rarely moves markets the way textbooks predict.
The closure of the Strait of Hormuz should, by any traditional reading, have spelled trouble for risk assets. It did, briefly. What happened next is more surprising, and more instructive, than the initial shock.
The “Thucydides Trap” describes a situation in which a rising power threatens a dominant power, making conflict more likely. This concept is now used to analyze tensions between the United States and China.
