Monthly Commentaries

Oct 1, 2015

“Adventure. Excitement. A Jedi craves not these things.”Yoda Not so long ago, in a galaxy not far, far away, equity markets shed more than 10% of their value. It was a period of great terror and...

Sep 1, 2015

“You can observe a lot by just watching”Yogi Berra What you observe depends on what you are watching. Those watching the Blue Jays were treated to a thrilling ride en route to their first American...

Aug 1, 2015

“Everyone has a plan until they’ve been hit.”Joe Louis Those that have seen Ronda Rousey fight (she won three UFC title defences in a combined total of 64 seconds) or have witnessed the ferocity...

Jul 1, 2015

“A good retreat is better than a bad stand.”Irish Proverb To use a very technical term, the markets in July can be best described as ‘poopy’. As the Greek saga disappeared from the radar screen...

Jun 1, 2015

“The storm starts, when the drops start dropping. When the drops stop dropping then the storm starts stopping.”Dr. Suess The Fund June proved that when it rains, it pours. Investors not only...

May 7, 2015

Financial headlines are usually the domain of stocks and currencies, but lately it has been the bond markets that are making the news. On April 17th, German 10 year bond yields hit a record low of...

May 1, 2015

“I fear the Greeks, even when they bring gifts.”Virgil The Fund Along with the warmer and longer days that mark the beginning of patio season, May brought with it a host of challenges for...

Apr 1, 2015

“Luck is a matter of preparation meeting opportunity”Lucius Annaeus Seneca The Fund Coca-Cola used the slogan “the pause that refreshes” to sell Coke 85 years ago. Today, it serves to remind me...

Mar 1, 2015

“The beautiful thing about poker is that everybody thinks they can play.”Chris Moneymaker The big story these days is whether or not Greece will default, and if so, what implications that will...

Feb 1, 2015

The Fund February’s markets created an ideal environment in which to launch the Fund. We took advantage of wider corporate bond spreads to establish positions in various sectors such as REITs...