“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 investors to grapple with. The prospect of a Fed hike coupled with the volatility in European bond markets and the exasperating […]
“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 that when pursuing a goal, it makes sense to pause every now and again to assess one’s progress. As fate would have it, […]
“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 have on financial markets. For the life of me, I can’t figure out if Alexis Tsipras is a genius or a neophyte. He […]
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, energy infrastructure and financials. The robust new issuance market provided significant opportunity to diversify the portfolio at attractive levels. The portfolio consists primarily of […]
Weather the Storm | June 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 endured heavy rainfall, but also some rather ugly investment returns. The former we will leave to the meteorologists to explain, the latter we […]