Blog: Cutting Through the Noise
Fund Manager's Corner
Heavy Lifting with CGOV
Excerpt from Scott Ronalds's blog on September 7, 2011
We often remind our clients that they don’t need to do much once their portfolios are set up, as our managers do most of the heavy lifting. While it may sound like lip service, it’s a phrase that carries weight. In times of heightened volatility, such as the past two...
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Stock Update: Nalco
Excerpt from Scott Ronalds's blog on August 24, 2011
Nalco, the world’s leading water treatment company, recently entered into a merger agreement with Ecolab (a provider of cleaning, food safety and infection prevention products and services). CGOV, the manager of our Equity Fund, sold the stock...Read More
Global Equity Fund Performance Update
Excerpt from Scott Ronalds's blog on June 13, 2011
Our Global Equity Fund has had a poor stretch of performance since early 2010. The fund’s manager, Edinburgh Partners Limited (EPL), is the first to admit this. While they don’t manage the fund with a close eye on what the index is doing, any sustained period of under-performance...
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Commodity Prices Take a Breather
Excerpt from Scott Ronalds's blog on May 19, 2011
In Connor, Clark & Lunn’s latest outlook, they assess the recent pullback in commodity prices. After a sharp run-up that began in early 2009, many commodities have been in retreat recently. Silver has grabbed the headlines, falling over 30% since late April, but...Read More
A Quick Beer
Excerpt from Scott Ronalds's blog on April 18, 2011
The following is a recap of Edinburgh Partners Limited’s (EPL) investment in Carlsberg. It’s an example of a turnaround opportunity, which is a common theme in our Global Equity Fund. To re-state the obvious, the recession and credit crisis of 2008/09...Read More
What to do About Japan? Part II
Excerpt from Tom Bradley's blog on March 17, 2011
While it’s still premature to evaluate the impact that the tragedy in Japan will have on businesses and the economy, Edinburgh Partners (the manager of our Global Equity Fund) has conducted a preliminary assessment. Before addressing specifics, EPL notes...Read More
What to do About Japan?
Excerpt from Tom Bradley's blog on March 16, 2011
As the Japanese disaster unfolds, we are dealing with many cross-currents in the capital markets. The pictures, dramatic news stories and unknown nuclear dangers are all part of a mix that has the potential to create an overreaction by investors. In our case...Read More
Japan - Still an Uneasy Conversation
Excerpt from Scott Ronalds's blog on February 24, 2011
At our recent client presentations, there was a subtle shuffling of feet and an air of unease when the topic of Japan came up. Japanese stocks have been an area of increasing interest for our global manager (Edinburgh Partners) and we laid out the reasons why: Japanese stocks are cheap on several measures; the proverbial...
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Steadyhand Equity Fund: The Effect of Rising Commodity Prices
Excerpt from Scott Ronalds's blog on February 16, 2011
The manager of our Equity Fund, CGOV, recently published a short piece that addresses a timely topic – inflation. With commodity prices rising across the board, investors may be curious as to how certain companies are affected by this trend...Read More
Small, Quirky and a Personality all its Own
Excerpt from Scott Ronalds's blog on February 9, 2011
Morningstar’s David O’Leary recently wrote a research report on our Small-Cap Fund. The piece, titled There’s a Lot of Potential in this Obscure Fund, is available on Morningstar’s website for subscribers to their premium service. Morningstar also...Read More
Video: Small-Cap Equity Fund Update
Excerpt from Scott Ronalds's blog on October 28, 2010
Small cap stocks were hit particularly hard during the credit crisis of 2008/09. In this update, Tom talks with Wil Wutherich (the manager of the fund) about the current financial shape of the businesses in the portfolio and how they weathered...Read More
Video: Global Equity Fund Update
Excerpt from Scott Ronalds's blog on October 27, 2010
In this update, Tom and Dr. Sandy Nairn discuss some of the opportunities and dangers in the global markets (Sandy's firm manages our Global Fund). They touch on the outlook for the economy and how it impacts EPL's research efforts, their views...Read More
