Third Bridge Group Limited

Wow! The last ten weeks have flown by. We can’t believe it’s already time to say ‘see you later’ (we don’t believe in goodbye!) to our 2025 crop of Third Bridge Dallas interns. 👏 Huge round of applause to you all. You have been impressive from day one, but your Capstone projects completely blew us away. Congratulations to our winners Jaya Kinsey, Connor Zanoli, Peyton Olejniczak, and, of course, their Third Bridge coach, Elizabeth Penberthy. 🍰 What better way to celebrate the last two and a half months than with a big slice of cake! We hope to see you soon! P.s. If you are interested in joining future internship programs, keep an eye out on the Third Bridge socials. #AmazingInterns #WeAreThirdBridge #ExpertNetwork

What a moment for our global teams! Colleagues across all our offices, from London to Tokyo, New York to Dubai, celebrated our recent rebrand and the launch of our new website. Our new logo took centre stage, featuring on cakes, balloons, lanyards, and more, as our teams marked this significant milestone. It was brilliant to see everyone come together to celebrate this exciting new chapter. 👏 A massive thank you to everyone across all our offices who contributed to this rebrand and website launch. Your dedication, passion, and collaborative spirit are what make Third Bridge such a special place to work. For nearly 20 years, Third Bridge has partnered with our clients to unearth the unique expert insights they need to accelerate and improve their decision-making. This rebrand isn’t just a new look; it truly embodies the evolution of our business and the high-quality services we provide to our clients. 👉 Explore our new online home and discover all the exciting changes we've made: www.thirdbridge.com #WeAreThirdBridge #Rebrand #ClientCentric #ExpertNetwork

Is the luxury sector losing its shine? ✨ Recently reported earnings paint a gloomy picture. In the first half of 2025, LVMH’s profits fell 15% with organic growth down 3%, while Kering’s revenue dropped 18% in Q2, driven by a 25% plunge in Gucci sales. Third Bridge experts say a meaningful recovery for the sector may not materialize until 2027. Our analyst, Yanmei Tang, has interviewed several industry experts over the years and found that the downturn is more structural than cyclical. Here are three key reasons why: 👜 Tariffs: The US was once seen as the next growth engine to offset weakness in China. But Trump’s renewed tariff agenda has added complexity to luxury brands, most of which manufacture their products in Europe. 🌟 Product desirability: Now considered a bigger issue than any tariff threat, luxury pricing appears to have exceeded consumers’ psychological thresholds, while product innovation has lagged. Frequent designer changes, increasingly homogeneous collections, and an overemphasis on entry-level products have eroded the exclusivity luxury once commanded. 🌏 China’s uncertainty: The recovery in China has been slow. Consumers are shifting from conspicuous logo-chasing, to quieter expressions of luxury, pushing brands like Dior to focus more on emotional storytelling rather than just heritage and reputation. Drawing upon insights from interviews with Third Bridge experts, our latest perspective deep dives into the drivers behind luxury’s decline and the outlook for H2. Link to blog in the comments 👇 To our clients, you can find the transcripts mentioned in this article referenced in the footnotes to further your research. #WeAreThirdBridge #ExpertNetwork

UnitedHealth Group’s (UNH) stock closed down 4% Tuesday after delivering Q2 2025 results that were below consensus expectations and cutting its 2025 guidance. As the nation’s largest and most powerful healthcare insurer, UnitedHealth is considered the industry’s bellwether and the continued volatility of its stock price, declining approximately 53% since its peak in mid-April, highlights the operational challenges in the sector. UnitedHealth now anticipates 2025 Adjusted EPS of at least $16.00, down from the company’s previous guidance of $26.00 to $26.50 provided when Q1 2025 financial results were reported in mid-April and relative to recent consensus 2025 Adjusted EPS of $20.91. UnitedHealth’s current operational outlook for 2025 reflects $6.5 billion of higher medical costs than previously anticipated. Roughly $3.6 billion of this is tied to its broad-based Medicare portfolio with $2.3 billion from its commercial business, split evenly between ACA plans and employer business. The remaining pressure appears to be related to Medicaid and primarily driven by elevated behavioral trends. In addition to the challenges presented by increasing medical costs, UnitedHealth is also under investigation by the Department of Justice in relation to its Medicare Advantage billing practices. This, coupled with leadership changes in May that saw former CEO Andrew Witty replaced with Stephen Hemsley, also seems to be impacting UnitedHealth’s share price. Our research at Third Bridge Group Limited including George Congdon’s expert interviews have surfaced the following insights: 💬 The HCC V28 risk model transition could continue to challenge Medicare Advantage performance, with experts estimating a potential 5% national reduction in per-member-per-month payments for UnitedHealth. 💬 Significant antitrust concerns related to UnitedHealth's vertical integration with Optum, creating potential conflicts of interest and possibly positioning the company precariously close to operating as a healthcare monopoly. 💬 Demonstrating widespread Medicare Advantage malfeasance is unlikely, although successful antitrust litigation could compel UnitedHealth to divest certain Optum assets, particularly its pharmacy and infusion businesses, to appease regulators. To our Third Bridge clients, I’ve linked some relevant transcripts in the comments to accelerate your research. 👉 Not a client? Request a free trial to see how our expert insights could benefit you: https://lnkd.in/e2bpJ3jQ Read the full story in: https://lnkd.in/eaEhCfym

Enthusiasm for AI continues to grow. However, a key question remains as to how to power this technology at scale, given its rapid rise to prominence. Anthony de Ruijter, CFA, our Global Sector Lead for Industrials, Materials and Energy (IME), tackles this question in the latest edition of Nuclear Engineering International. His article “Intelligent energy fuelling nuclear” explores how nuclear power, including SMRs and molten salt reactors, is being positioned to fuel the AI boom, with insights from Third Bridge experts on timelines, costs, and supply chain hurdles. We’re proud to see the expert insights relied upon by the world’s decision makers featuring in this industry-leading publication. 📚 Read the full article here: https://lnkd.in/dd_N3drW Grab your print copy of the July edition of Nuclear Engineering International for this story and more. #ExpertNetwork #WeAreThirdBridge #NuclearEnergy

Swapping screen time for summer sun ☀️ Our #London team recently had the opportunity to come together for the summer away day at Boulebar, an occasion to connect and build bonds outside of the usual work environment. With some lively games of pétanque and delicious food, it was the perfect setting to get to know one another better, spark new ideas and strengthen team collaboration. Our CEO also shared a few words, rallying the team and setting the tone for a productive H2. A huge thank you to everyone who helped organise such a fun event and to the amazing staff at Boulebar UK (special shout out to Sam and Maureen!) who made sure the Third Bridge team had the best day possible. We're looking forward to seeing the team’s renewed energy and drive translate into delivering even better value and quality for our clients. #WeAreThirdBridge #ExpertNetwork #TeamBuilding

You can now access the Third Bridge content relied upon by the world’s decision makers in even more ways! We're excited to announce our latest collaboration with Portrait Analytics, a personalized AI-powered investment research platform. This move further reinforces our commitment to unlocking the true value of expert insights and delivering it seamlessly within our clients' advanced research workflows. By combining Third Bridge's unparalleled expert interviews with Portrait's innovative AI, we're empowering investors to: ✅ Blend qualitative insights with quantitative analysis ✅ Discover, research, and monitor investment ideas with unprecedented depth ✅ Access real-time perspectives directly within their preferred platforms As Michael Grubert, Managing Director at Third Bridge, noted: "Partnering with Portrait Analytics allows us to embed our trusted expert insights directly into the sophisticated, AI-driven research workflows our clients are already using. Giving them access to the high-quality insights they need, when and where they need them." This partnership, following closely on the heels of our collaborations with Aiera and Hebbia, highlights our commitment to meeting our clients where they are. 👉 Read the full announcement here: https://lnkd.in/e37zSufT #ExpertNetwork #WeAreThirdBridge #InvestmentResearch #ExpertInsights Dan T. Mergen Davaapil David Plon

What brings together colleagues of all levels, from Associate to CFO? Running through the heart of the City of London and being the first team to sport Third Bridge’s brand new logo! Colleagues from our London office participated in the Standard Chartered Great City Race, now celebrating its milestone 20th anniversary event, taking on the 5km route and taking in the sights of some of London’s most famous landmarks. It was great to see such camaraderie, and of course, our new logo making its debut. A huge congratulations to all our #TeamThirdBridge runners! Your enthusiasm and dedication perfectly showcased the vibrant future of our brand.

Same Third Bridge, new look. For nearly 20 years, Third Bridge has been partnering with our clients to unearth the unique expert insights they need to accelerate and improve their decision-making. Our commitment to this is as strong as ever, but our look has evolved to reflect our growth - including a new logo, website, and visual identity. We’re still the same Third Bridge - the only expert network to give investors and business leaders the breadth and depth of quality insights they deserve, through: 🔹Real insights from real people. 🔹Dedicated account managers acting as your extended team. 🔹Instant access to our rich library of expert knowledge, unlocking insights across every sector, geography and topic.  🔹Unrivalled depth and breadth of knowledge, enabling you to gain all the insights you need from one trusted partner. Our redesigned website enables clients to explore Third Bridge's extensive services, provides a dedicated space for valued experts, and streamlines the journey for candidates looking to begin and advance their careers with Third Bridge. Take a look around the new website: https://lnkd.in/esKReuvm #WeAreThirdBridge

With Wise shares falling ahead of a pivotal US primary listing, understanding the underlying currents is crucial. So, when leading publications like City AM seek expert commentary, they turn to insights they can trust. Drawing upon findings from conversations with experts, our analyst, Philip Atkinson, featured in the latest story on market movements, underscoring how our in-depth analysis is a valued resource for understanding economic landscapes. We’re proud to be a go-to-source for the world’s decision-makers and top-tier media alike. 🔗 Discover the insights that are informing the conversation: https://lnkd.in/epBVNwyv #WeAreThirdBridge #ExpertNetwork