Calamatta Cuschieri hosts ‘Managing Wealth’ conference

“Whereas the factors supporting the economy in 2023 included strong labour markets, excess Covid-19 savings, and namely expectations of eventual rate cuts, in 2024 the market’s positive performance continues to track the expected downward trend in inflation supported by a softening economy. This will eventually push central bankers to ease monetary policies through eventual rate cuts.”

This was stated by Jordan Portelli, Chief Investment Officer of Calamatta Cuschieri during the company’s ‘Managing Wealth Conference’ hosted recently at Xara Lodge.

In his presentation, Portelli also noted how this outlook is also evolving within the context of economic data points which confirm a decrease in inflation. Compared to the rate of inflation in the Eurozone area in October 2022 when it hit highs of 10.6% the current rate of inflation is now 2.4%.

The exclusive event featured a distinguished panel of industry specialists who offered invaluable insights and thought leadership on wealth management in the current economic scenario.

The evening conference was also held in collaboration with UBS Asset Management Italy who further enriched the seminar with their international expertise and perspectives.

Addressing the audience, Nick Calamatta, co-CEO of Calamatta Cuschieri noted how in 2023, the aggregate average performance of growth portfolios managed by Calamatta Cuschieri registered a growth of 16.5%. And also pointed out that the company was involved in the issuance of €400 million in new securities during 2022 and 2023, reaffirming its leadership in the local capital markets sector.

“At Calamatta Cuschieri, we have garnered 53 years of experience in managing people’s wealth and today, the fact that our dedicated team is currently managing over €300 million in client assets, reflects the trust that the market is putting in our firm,” Calamatta said.

“Moreover, these events for our clients not only offer our them a unique opportunity to connect and learn more about wealth management and investment insights but live up to our commitment to support further financial and investment knowledge and education amongst our growing client base,” he added.

The ‘Managing Wealth’ conference also saw participation of Teresa Gioffreda Investment Strategist and Executive Director of UBS Asset Management in Italy as well as Sergio Bellizzi, Head of Distribution who moderated the event and Stephen Borg, Head of Private Clients at Calamatta Cuschieri who highlighted several common investment pitfalls investors make.