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 | July 2025
Jeff Herold
In July, the preferred share market had another strong month. Performance was supported by corporate activity that included an anticipated redemption announcement and two acquisitions of preferred share issuers. Preferred share performance was also driven by investors needing to reinvest $650 million to be received from the redemptions of the CM.PR.Q and TD.PF.D series on […]
Read MoreBond Commentary | July 2025
Jeff Herold
The Canadian and U.S bond markets struggled as bond prices declined and yields increased in the first half of July. A partial recovery over the balance of the month eliminated more than half the losses, but the monthly returns remained negative. Investors hoping for easier monetary policy (i.e. interest rate cuts) were disappointed as economic […]
Read MoreSecond Quarter Letter | June 2025
Jacqueline Ricci
Another quarter is in the books, and despite some apprehension at the outset—on the heels of President Trump’s tariff threats—the market shrugged off recession concerns and rallied strongly from first‑quarter lows. The portfolio continued its robust performance in Q2, returning +11.9% versus the index’s +11.8%. Gold remained a standout, climbing +4.9% to finish the quarter at US$3,303 per ounce, with […]
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