Global Markets by Karim Al-Mansour

The signal, not the noise.

Institutional-grade analysis connecting structural forces to capital allocation decisions — written by a practitioner with skin in the game, for an audience already inside the room.

54K
Subscribers globally
102
Countries
$90T+
AUM across active subscriber firms
The Publication

Structurally literate. Deliberately unhedged.

Global Markets by Karim Al-Mansour is an institutional-grade publication written from the perspective of a practitioner who has operated at the centre of sovereign capital, commodity markets, and global asset allocation for the better part of two decades. It does not aggregate news. It does not explain what happened yesterday to an audience that already knows.

It connects structural forces — liquidity dynamics, geopolitical realignments, balance sheet architecture, regulatory shifts — to the capital allocation decisions they make inevitable, before those decisions become obvious.

Karim writes as if the reader is sitting across from him in a London office, or on a late call with a sovereign client — which, in a substantial number of cases, they are. The writing is direct, structurally literate, and deliberately uninterested in the kind of hedged equivocation that converts research into something legally defensible but analytically useless.

"For Karim, reader reactions are not just feedback — they are market intelligence in raw form."

Recent Coverage

Real firms. Real governments. Real dynamics.

Pieces are long-form, thesis-driven, and explicitly named. Recent coverage includes:

Activist Investing
Elliott Management's activist campaign at Daikin Industries — mechanics, thesis, and the governance arbitrage at Japan's largest HVAC manufacturer.
Shareholder Activism
BP under sustained pressure from Follow This and ACCR — the accelerating collision between energy transition mandates and capital allocation discipline.
Activist Investing
Jana Partners and Starboard Value at Lamb Weston Holdings — operational collapse under Werner and a dual-activist convergence on the same broken thesis.
Activist Investing
Irenic Capital's position in Snap Inc. — a disciplined activist thesis at a company whose structural problems have outlasted multiple management teams.
State Capitalism
Leonardo S.p.A. and the mechanics of Italian state capitalism — Cingolani's removal, Mariani's appointment, and GCAP's strategic architecture.
FX & Derivatives
The complete architecture of NDF markets — origins, the India liberalisation story, regulatory design, and the contemporary hedge fund dimension.
Geopolitics & Intelligence
The Architecture of Unravelling — US intelligence deterioration and the ungoverned AI race as expressions of the same governing failure. ~12,000 words.
Macro
Notes from the Desk — daily macro intelligence briefings synthesising cross-asset data, geopolitical developments, and deals market activity.
Audience

Written for and read by people already inside the room.

The named and enriched active readership of approximately 9,500 individuals spans the most consequential participants in global capital markets. The aggregate assets under management across subscriber firms exceeds USD 90 trillion. The publication has become a channel for private dialogues, fundraising interest, and policy feedback loops — an influence network in motion rather than a passive distribution list.

Some pieces have prompted institutional consequences: investors restructuring positions following publication, counterparties initiating advisory conversations, and regulatory officials requesting offline dialogue.

Top-quartile hedge fund managers across equity long/short, macro, credit, and quantitative strategies
Senior partners and executives at leading private equity firms including Apollo, Carlyle, and Barings
CIOs and heads of allocation at sovereign wealth funds, pension funds, and family offices globally
Senior executives at leading venture capital firms across the US, Europe, and Asia
Regulators and senior officials across the EU, US, UK, and Singapore
GMKAM Institutional Research

Deeper analysis. Direct access. Institutional pricing.

PriceUSD 5,000 / firm / year
StructureFirm-wide access
FormatLong-form research + Q&A access
CoverageActivist · Sovereign · Commodities · Macro
AudienceInvestment committees, PM teams, strategy

GMKAM Institutional Research is a paid-access tier offering deeper analytical coverage, proprietary data synthesis, and direct engagement with Karim and the Amanah research team. Priced at USD 5,000 per firm per year, it is structured for institutional counterparties whose decision-making requires analysis calibrated to professional standards rather than general financial literacy.

Research publications under the institutional tier cover activist investment positioning and GP strategy analysis; sovereign and quasi-sovereign debt markets; commodity market architecture and geopolitical supply-chain dynamics; cross-asset regime analysis; and deep dives into sectors where Amanah maintains active principal investment positions.

Subscribers receive firm-wide access and the ability to direct contextual questions to the research team on published pieces.