Dramatic Change Requires an Updated World-View
Why shifting geopolitical and financial orders since COVID-19 demand new perspectives, and the three dynamics GenSphere watches in portfolios.
Tom Fletcher, CFACo-Founder & Chief Investment OfficerJanuary 5, 2026 · 1 min readStable world orders allowed for simple forecasting, but recent social, geopolitical, and financial shifts—especially since COVID-19—demand new perspectives. Risks and relationships within portfolios are evolving, accelerating after the crisis. While the US remains a leading superpower, its economic influence has decreased significantly since WWII, highlighting the need to adjust roles and expectations. We focus on three ongoing dynamics:
- Resetting global fiat currencies with more real asset backing, and purchasing power continues to fall
- Investing in power generation infrastructure
- Modernizing the global financial system to reduce failure risk
Societal changes will impact markets, albeit later than geopolitical and financial shifts. Multiple possible outcomes exist, so we monitor trends closely to identify investment risks and opportunities, regularly reassessing market responses.
Our perspective, January 5, 2026. The opinions here reflect market conditions at that time and may have changed.
Tom Fletcher brings more than two decades of institutional investment leadership to GenSphere, combining experience in portfolio management, investment implementation, and risk management with a disciplined understanding of how capital serves long-term objectives.
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