Americas & Europe

Didier is co-founder of Gavekal Intelligence Software and has been managing money since early 1990. He successively moved from the derivative trading space, to hedge fund management, and global asset management. He was Treasurer of Bank of America Paris, then head of interest rate arbitrage and prop trading at Bank of America London in the 90s. He founded Insight Finance in 2000, an equity arbitrage quantitative hedge fund, and managed the portfolio until 2006. He then turned to global portfolio management within Renaissance Capital and joined Gavekal in 2014. Didier has a double background in nuclear physics from Supelec –Paris, France- and in political sciences from Science Po –Paris, France. He is married with three children.

Will worked temporarily with our research team in 2005. We decided it was a good fit, so in 2007 he moved to Hong Kong to join permanently. Will is now our lead analyst on the US economy. He also helps manage the global research team. Will has a master’s degree in economics from Mises Graduate School, and a bachelor’s degree in business and economics from the University of Oklahoma. Will speaks English (including the occasional "y'all" in conversation), and is a struggling student of Chinese.

After serving in the Swedish army, Pierre began his financial career in 1998 as an analyst at a venture capital firm in Stockholm. Joining Gavekal in 2001, he was responsible for building and maintaining the firm's financial models, and for running the daily research operations until 2011. He now oversees research sales and client management. He is proficient in Swedish, English, French, Danish and German. He is married with two daughters.

After graduating with a degree in social sciences from the University of Paris Dauphine, Cedric studied economics at the Goethe University in Frankfurt. Cedric returned to Paris Dauphine, where he obtained an MSc in international economics. After interning at OECD, Cedric joined Gavekal Research in 2014 as an analyst focusing on emerging European economies and financial markets. He speaks French, English and German, and drinks both French wines and German beers.

August joined Gavekal in 2025 as an analyst covering macroeconomic and market developments in Europe. He holds a master’s degree in business and economics from Linköping University and started his career at Swiss Re’s Macro Strategy department. He speaks Swedish, English, French and enough Spanish to get by. August enjoys staying active skiing in the winter and running in the summer. Being Swedish, he never lets that stop him from enjoying the occasional kanelbulle.

Tan Kai Xian writes mostly on the US economy, monetary and fiscal policy, and financial markets, as well as global market-moving themes. He has a particular interest in distinguishing signals from noise in markets and the economy using a model-based systematic approach. He is often quoted by media outlets such as Bloomberg, Barron’s and Forbes. KX, as he’s universally known around the office, joined the research team in 2013. He holds a first-class degree in Quantitative Finance from The Hong Kong University of Science and Technology. Born and raised in Malaysia, he is fluent in English, Mandarin, Cantonese and Malay.