Keep connected
Our investment management team is made up of engaged thought leaders. Get their latest commentary and stay informed of their frequent media interviews, all delivered to your inbox.
The third quarter ending September 30, 2010 was a good one! The funds performance was 32.46 % relative to the S&P/TSX market performance of 10.27%.
Sectors that helped performance included a heavy weight in the junior golds names. The run in this sector was kicked off by a very aggressive take out price paid for, by Goldcorp to buy Andean. The premium to the then trading price was 80%. Kinross had bid for Redback Mining and so the frenzy began. The funds positioning included an overweight of golds and a particularly heavy weight of junior names to seniors, such as Atac, Sabina and Intrepid.
(more…)