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Welcome to our April update. The market macro remains extremely challenging. Even when our investee companies are continuing to deliver, we are not seeing the expected rewards in terms of share price follow-through and April, like January has been very challenging.<br /> <br /> It sounds like a broken record to say once again that such a market dynamic cannot continue forever. Nonetheless, this does behove repeating. 2023 bears out how quickly things can change and the potential ratings leverage in the portfolio given its low relative valuation.<br /> <br /> As much as we are largely dismissive of any potential incremental negative impact on healthcare from the outcome of this year’s US presidential election, it feels increasingly desperate here in the UK on the political front when it comes to healthcare policy. The paucity of ideas and deafening silence on sustainable funding to support long-term planning is incredibly disappointing, even if it is not surprising.

Bellevue Healthcare Trust Factsheet April 2024

Welcome to our April update. The market macro remains extremely challenging. Even when our investee companies are continuing to deliver, we are not seeing the expected rewards in terms of share price follow-through and April, like January has been very challenging.

It sounds like a broken record to say once again that such a market dynamic cannot continue forever. Nonetheless, this does behove repeating. 2023 bears out how quickly things can change and the potential ratings leverage in the portfolio given its low relative valuation.

As much as we are largely dismissive of any potential incremental negative impact on healthcare from the outcome of this year’s US presidential election, it feels increasingly desperate here in the UK on the political front when it comes to healthcare policy. The paucity of ideas and deafening silence on sustainable funding to support long-term planning is incredibly disappointing, even if it is not surprising.
16.05.2024
#Healthcare Global