Portfolio Manager Commentary

Performance Attribution Much like the prevailing narrative throughout the year, the fourth quarter saw market performance influenced by the "AI trade” with continuing debate over whether a bubble exists. As …

Market Commentary The Only Constant in Life is Change The paraphrased quote is attributed to the Greek Philosopher Heraclitus. The quote illustrates his concept of Universal Flux, where everything is …

Market Commentary Because It’s There In 1923, when asked why he was attempting to reach the summit of Mount Everest, well-renowned mountain climber George Mallory replied, “Because It’s There.” This …

Performance Attribution The third quarter of 2025 delivered a continuation of solid returns for US equity markets, with broad-based gains across all major indices despite ongoing economic uncertainties. From an …

Market Commentary Because It’s There In 1923, when asked why he was attempting to reach the summit of Mount Everest, well-renowned mountain climber George Mallory replied, “Because It’s There.” This …

Market Commentary In Like a Lion, Out Like a Lamb This well-known proverb is traditionally used to describe the weather in March, as it is typically cold at the beginning …

Market Commentary In Like a Lion, Out Like a Lamb This well-known proverb is traditionally used to describe the weather in March, as it is typically cold at the beginning …

Market Commentary Legend has it that British troops played the song “The World Turned Upside Down” during their surrender at Yorktown. The song originated from an English ballad from the …

Market Commentary Legend has it that British troops played the song “The World Turned Upside Down” during their surrender at Yorktown. The song originated from an English ballad from the …

Performance Attribution The first quarter of 2025 presented a more challenging environment for equity markets than initially anticipated. Post-election optimism for lower regulatory bureaucracy and business-favorable policies from the new …