My latest article for Capital Insights, in Capital Club Dubai’s Reset & Pivot issue, looks at why geography has started charging rent, and what that means for inflation, oil, gold and the way portfolios are valued.
Virtual Adrian interface showing real-time video and voice AI avatars of adviser Adrian Rowles.
Selected to launch the new 'Meet the Advisers' series for International Adviser, I sit down with Money Map Media to bridge the gap between institutional risk management and private client portfolios. From my background in Japan to navigating the complex cross-border landscape of the GCC, we dive into why transparency and evidence-based investing are more critical than ever in 2026. Watch the full interview and read the feature from Investment International.
The Private Credit Crisis: What Every Investor Needs to Know Right Now Adrian Rowles | March 2026 Something that rarely happens in financial markets has just happened five times in ten days. BlackRock. Blackstone. Morgan Stanley. Cliffwater. Ares. Five of the world's largest investment platforms have all restricted investor withdrawals from their private credit funds — simultaneously. Over $265 billion in market cap has been erased from the major private credit managers since September 2025. Default rates hit a record 9.2% in 2025. Brent crude closed at $103 on March 14. Rate cuts are off the table. And floating-rate private credit borrowers — already at record stress — now face higher energy costs and higher interest bills at the same time. Mohamed El-Erian compared this moment to August 2007. George Noble called it "a financial crisis unfolding in real time." If you hold a private credit fund with quarterly redemptions, this is the time to get informed. Read the full report →
He lost $20,000. I turned $9,600 into $15,549. Same markets. Same year. The difference wasn't luck or timing - it was the risk framework sitting behind every single trade. Here's the full story, including the numbers, the costs, and why the fee argument is completely upside down. - Personal trading account, own capital, one year, high gross exposure. Not client results. Past performance is not a guide to future performance.
Review your legacy approach regularly, particularly following significant life events or legislative updates.
In January 2026, BlackRock marked down its private credit fund by 19%. That wasn't a technical adjustment. It was a billion dollars, gone, formally acknowledged - and the people tracking this space closely weren't surprised. Here's what the data actually shows, and what investors holding BDCs, private debt funds, or CLOs should be doing right now.
AI is quietly triggering one of the most powerful – and least understood – supercycles in global markets: the PC memory squeeze. DRAM prices are up triple digits year-on-year, NAND costs are spiking, and suddenly the “cheap, commoditised” memory everyone ignored has become the profit engine of the semiconductor world.– this is the briefing to read before you reposition your portfolio.
My article for Capital Insights’ Disruption 2035 issue asks who will govern the systems that run money, markets and power over the next decade, and why the edge goes to people who keep humans making the decisions.