Cutting Through the Noise
November 12, 2009
The manager of our Global Equity Fund, Edinburgh Partners Ltd. (EPL), has had a personnel change that is of interest to Steadyhand clients. Christine Montgomery has left EPL and joined another firm in Edinburgh, Martin Currie. While the firms are comparable...
Read MoreSeptember 9, 2009
On my recent trip to Toronto, I spent some time at the CGOV office, meeting with Gord O’Reilly, the manager of the Equity Fund, as well as other partners of the firm. Out of all the conversations, pizza and beer came very little that was new - even though...
Read MoreAugust 19, 2009
The Steadyhand Small-Cap Equity Fund has been one of the top funds in its category since it started in early 2007. But in getting there, the fund has traced quite a different path compared to that of the market and other small-cap funds. That's because the...
Read MoreFebruary 19, 2009
We posted a blog in late 2007 ( Edicts from Edinburgh ) that highlighted a few excerpts from an interview that Dr. Sandy Nairn, the CEO and founder of Edinburgh Partners Limited (EPL), did with a U.K. publication, Independent Investor ...
Read MoreJanuary 27, 2009
As I was reading the year-end report from CGOV, the manager of our Equity Fund, I was blown away by the numbers. We’ve talked in the past about the quality of companies in the fund, how well positioned they are ...
Read MoreDecember 3, 2008
Suffice to say, we’ve been watching our funds quite closely these days. We want to make sure that our managers are doing what they do best and are sticking to their investment disciplines. Following recent calls with the managers of ...
Read MoreJuly 30, 2008
Over the last month, my conversations (casual and business) have yielded an overwhelming consensus about the market. The consensus is that we are headed for a meltdown in the financial sector, high oil prices are here to stay, and it's ...
Read MoreJune 9, 2008
Christine Montgomery and Cathy Alsop from Edinburgh Partners Limited (EPL) were in Vancouver this week to meet with our clients and other interested investors. Christine manages our Global Equity Fund. With Canadian dollar returns from foreign funds being poor for ...
Read MoreMay 1, 2008
The managers of our funds report to us formally once every quarter. In the Income Fund report from Connor, Clark & Lunn, there was a chart that is a great indication of what the capital markets are going through. It ...
Read MoreApril 7, 2008
The Globe and Mail, Report on Business Published April 5, 2008 A couple of times in recent months I've used the banks as a framework for talking about investing and the buy side of the street. I'm back at it. ...
Read MoreMarch 28, 2008
I was in Toronto this week and met with the crew at CGOV to talk about the Equity Fund. We covered lots of ground, which we’ll report on in our Quarterly Report that will be published on or around April ...
Read MoreFebruary 27, 2008
We just wrapped up a series of conference calls with our equity managers. The key message from all three is that they’ve been sitting tight. None of them have made any material changes to the funds but they all have ...
Read MoreFebruary 11, 2008
The Globe and Mail, Report on Business Published February 9, 2008 In 2007, the capital markets were defined by acronyms (CDO, ABCP, SIV, CDS), but the big new word doing the rounds now is "decoupling". Decoupling refers to an economic ...
Read MoreJanuary 16, 2008
A friend was telling me about a discipline she enforces in her household - if anyone brings a new piece of clothing into the house, they have to get rid of something. It keeps the drawers and closets in reasonable ...
Read MoreDecember 6, 2007
“ As always the key remains to focus on long-term valuations and step aside from the emotional rollercoaster which accompanies it. ” This is an excerpt from a recent interview that Dr. Sandy Nairn, the CEO and founder of Edinburgh ...
Read MoreNovember 19, 2007
While in Toronto last week, I spent some time with Christine Montgomery and Cathy Alsop from Edinburgh Partners (EP). One of the reasons Christine and Cathy were in town was to present to a group of clients and other investors ...
Read MoreNovember 1, 2007
With the camera rolling, the manager of the Steadyhand Small-Cap Equity Fund (Wil Wutherich) recently sat down with Tom to talk shop. Watch the video to learn more about Wil's background, investing style, and the Small-Cap Fund (note: high speed internet required...
Read MoreSeptember 27, 2007
Wil Wutherich , the manager of the Steadyhand Small-Cap Equity Fund, is leaving his perch in Montreal for a series of research meetings out west. We've booked the evening of Thursday, October 11th , for him to tell the Wutherich ...
Read MoreAugust 22, 2007
In the wake of the subprime fallout in the United States, shares of Countywide Financial have fallen considerably. Countrywide is America’s #1 home loan lender and the country’s third largest federal savings bank. The Steadyhand Global Equity Fund holds shares ...
Read MoreJuly 24, 2007
Shares of the world’s largest specialty retailer were recently added to the Steadyhand Equity Fund. Why? Because Starbucks is now a “franchise” company – that is to say, a great business , run by great people , trading at a ...
Read MoreMay 10, 2007
The manager of our Equity Fund, Cranston, Gaskin, O’Reilly & Vernon (CGOV), is holding an Investor Conference Day in Toronto next week that I’ll be attending. Finally, an excuse to head east and get out of this terrible spring weather ...
Read MoreMay 10, 2007
We’ve got an excellent piece from Edinburgh Partners for our Fund Manager’s Corner. As part of his quarterly report, Dr. Sandy Nairn, the founder and President of the firm, provides some excellent background on economic and market cycles. The piece ...
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