https://amanahcapital.uk/global-markets.html 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. en-gb Invalid Date noreply@amanahcap.uk (Karim Al-Mansour) noreply@amanahcap.uk (Karim Al-Mansour) 60 https://amanahcapital.uk/post.html?id=lp-gp-commitment https://amanahcapital.uk/post.html?id=lp-gp-commitment Invalid Date noreply@amanahcap.uk (Karim Al-Mansour) Private Capital What a dataset of 75,000 LP commitments reveals about power, relationships, and the illusion of diversification in private equity https://amanahcapital.uk/post.html?id=the-architecture-of-unravelling https://amanahcapital.uk/post.html?id=the-architecture-of-unravelling Tue, 28 Apr 2026 00:00:00 GMT noreply@amanahcap.uk (Karim Al-Mansour) Geopolitics & Intelligence US intelligence deterioration and the ungoverned AI race are not two separate problems. They are expressions of the same governing failure — the slow collapse of institutional capacity in the one country whose institutional capacity the global order was built around. https://amanahcapital.uk/post.html?id=offshore-price-ndf-market https://amanahcapital.uk/post.html?id=offshore-price-ndf-market Invalid Date noreply@amanahcap.uk (Karim Al-Mansour) FX & Derivatives The NDF is not a financial innovation. It is a regulatory arbitrage that became a market, and that market became infrastructure, and that infrastructure is now pricing sovereign risk more honestly than most central banks would prefer. What follows is the story of how that happened, why it keeps happening, and what it reveals about the permanent tension between governments that want to control the price of their currency and a global capital market that will always find a way to express a view on what that price should actually be. https://amanahcapital.uk/post.html?id=leonardo-eni-enel-italy https://amanahcapital.uk/post.html?id=leonardo-eni-enel-italy Invalid Date noreply@amanahcap.uk (Karim Al-Mansour) State Capitalism A story about the Italian state reminding the market that it still decides what these institutions are for. https://amanahcapital.uk/post.html?id=bp-shareholder-activism https://amanahcapital.uk/post.html?id=bp-shareholder-activism Invalid Date noreply@amanahcap.uk (Karim Al-Mansour) Shareholder Activism Special resolutions, supermajorities, and the slow discovery that shareholders actually meant it. https://amanahcapital.uk/post.html?id=scottish-mortgage-trust-spacex https://amanahcapital.uk/post.html?id=scottish-mortgage-trust-spacex Invalid Date noreply@amanahcap.uk (Karim Al-Mansour) Private Capital How Elon Musk’s rocket company broke the oldest investment trust in Britain, and why the shareholders said yes anyway