Research archive

All publications

Nine working papers across macroeconomics, investment & sector research, and portfolio management — filterable by coverage area.

9 publications

Investment & Sector Research

Semiconductors: Investing in the Foundation of the AI Economy

A core-satellite approach to semiconductor investing, combining diversified ETF exposure with a targeted overweight to memory manufacturers.

12 Sep 202617 pages
Investment & Sector Research

AI Infrastructure: The Convergence of Data Centers and Electrification

Evaluating the AI infrastructure investment case across data centers, electrical equipment, cooling systems and power generation.

05 Sep 202614 pages
Investment & Sector Research

Artificial Intelligence: A Structural Growth Investment Thesis

The investment case across the AI value chain, from semiconductor designers and foundries to cloud platforms, weighed against current valuations.

25 Aug 202613 pages
Investment & Sector Research

The Space Economy as a Long-Term Investment Theme (5–15 Years)

Evaluating the space economy as a thematic investment, using the JEDI ETF as a listed-sector benchmark and SpaceX as a case study.

01 Oct 202625 pages
Investment & Sector Research

Quantum Computing: A Long-Term Investment Thesis

Assessing quantum computing as a long-term investment theme, comparing pure-play developers against established enabling suppliers.

11 Aug 202616 pages
Portfolio Management

Building a Portfolio with Modern Portfolio Theory

How Modern Portfolio Theory and its institutional extensions — Black-Litterman, factor diversification, disciplined risk management — are used to build diversified portfolios.

22 Sep 202613 pages
Macroeconomics

Albanian Real Estate Market (2015–2026): An Investment Perspective

Whether Albania's residential real-estate boom reflects sustainable fundamentals or growing imbalance, based on Bank of Albania, Instat, IMF and World Bank data.

20 Jul 202624 pages
Macroeconomics

The Appreciation of the Albanian Lek (2015–2026)

Whether the Albanian Lek's appreciation reflects a temporary phenomenon or a structural transformation of Albania's economy.

10 Jul 202636 pages
Macroeconomics

Institutional Convergence and Economic Transformation: EU Accession on Albania

Why Albania's greatest opportunity from EU accession lies in institutional reform rather than further macroeconomic stabilization.

15 Jun 202634 pages