Why we built an observatory, not a blog.
On the editorial firewall between Nova RealFi the company and Nova Observatory the masthead — and why the distinction matters for cross-border readers.
When we launched Nova RealFi in 2024, we wrote that our long-term moat would not be a product but a point of view. Eighteen months later, we are putting that into a structure: Nova Observatory, an editorial masthead with its own standards, its own corrections log, and — most importantly — its own firewall from the commercial side of the business.
That firewall is not symbolic. The Observatory desk decides what to investigate, who to interview, and what to publish. Commercial teams have no input into selection or sourcing. If the Big Read concludes that the non-resident mortgage market is mispriced in a corridor where Nova lends, the Big Read will say so.
This letter goes out every Friday at 07:00 GMT. It is the only place where the editor speaks in the first person. Everywhere else — Briefings, Markets, Pillars, Big Read — the masthead speaks. Reply if you disagree, especially if you disagree on a number we published.
Frédéric
Free, weekly, 07:00 GMT. One argument, one decision, one correction.