High Performance Institutional Money Management
Our goal is to provide our institutional clients with the best possible long-term investment performance commensurate with their specific plan objectives, based on each individual client’s requirements.
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Latest Commentary
Preferred Share Commentary | March 2024
Jeff Herold
In March, the preferred share market moved sharply higher. The speculation regarding preferred share redemptions by banks, started on the last day of February with Bank of Montreal issuing a U.S. dollar Limited Recourse Capital Note (LRCN), and continued in early March when CIBC issued an institutional preferred share. Later in the month, both CIBC […]
Read MoreBond Commentary | March 2024
Jeff Herold
The Canadian bond market moved in a seesaw pattern in March, with yields initially falling, then rising before falling again. In the end, yields were only marginally lower on the month, with interest income generating most of the returns. Canadian inflation again surprised to the downside, but better than expected economic growth suggested the Bank […]
Read MorePreferred Shared Commentary | February 2024
Jeff Herold
The preferred share market drifted lower for most of February. However, on the final day of the month, Bank of Montreal issued a U.S. dollar Limited Recourse Capital Note (LRCN) which led to speculation regarding further preferred share redemptions by banks. As a result, the prices of several banks’ rate reset issues scheduled to reset […]
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