TS Lombard explained

TS Lombard
Type:Privately Held
Founder:Tim Congdon
Hq Location:London
Hq Location City:City of London
Hq Location Country:United Kingdom
Industry:Financial services
Assets Year:£2.5m
Num Employees:50
Parent:GlobalData
Foundation:London, England

TS Lombard, formerly known as Lombard Street Research, was a macroeconomic forecasting consultancy firm headquartered in London with offices in New York and Hong Kong. It is a division of GlobalData after being acquired in 2022. Before acquisition it provided research and advisory services to asset managers, hedge funds, pension funds, central banks, private equity funds, investment banks and corporations.

History

The company was founded as LSR in 1989 by Tim Congdon, a British economist specialising in the monetarist approach to macroeconomic policy. Charles Dumas joined the firm in 1998, to take over the international forecasting service, and became chief economist in 2005.

Since 1989, TS Lombard has stated that its aim is to provide global investors with independent, provocative economic analysis and investment advice that challenges the consensus.

TS Lombard's forecasting methodology combined Keynesian and monetary economics. It used analysis of money supply, sector financial balances and flow of funds in its forecasting methodology. In 2005, TS Lombard was among the few forecasters to predict the global financial crisis.

The company was acquired by TSL Research Group in 2016.[1]

The company was then acquired by GlobalData in September 2022,[2] with GlobalData stating that the acquisition will allow Lombard to provide their services to more areas of the asset management industry.

Services

TS Lombard investment research coverage includes the United States,[3] China,[4] Eurozone,[5] the United Kingdom,[6] Japan[7] and South Korea.[8]

Notes and References

  1. News: Lombard Street Research merges with Trusted Sources . FTSE Global Markets. 1 August 2016 . https://web.archive.org/web/20160802222421/http://www.ftseglobalmarkets.com/news/lombard-street-research-merges-with-trusted-sources.html . 2 August 2016 . 18 March 2023.
  2. Web site: GlobalData buys economic research firm TSL Research Group, 2 Sep 2022 07:40 Shares Magazine . 2023-05-24 . www.sharesmagazine.co.uk.
  3. News: These Great Jobless Numbers Are Just Miserable. John Authers. January 13, 2020. Bloomberg UK. 2020-09-20 . subscription.
  4. News: China to stick to 'phase one' commitments, holding trade deal through US election, TS Lombard says . Lee . Yen Nee . 2020-01-17 . CNBC . 2020-09-20.
  5. News: Active Managers Just Can't Win the Loser's Game . John Authers . November 18, 2019 . Bloomberg UK . 2020-09-20 . subscription.
  6. News: TS Lombard's Fraser Says the Pound Is Justified. October 21, 2019. Bloomberg UK. 2020-09-20 . subscription.
  7. News: Japan and South Korea Feud, but Breaking Up Is Hard . Lee . Su-Hyun . Dooley . Ben . 2019-08-28 . The New York Times. 2020-09-20 . 0362-4331 . subscription.
  8. News: Japan trade dispute adds to 'perfect storm' facing South Korean economy . Finbarr . Bermingham . Lee . Jeong-ho . 2019-08-23 . South China Morning Post . 2020-09-20 . subscription.