Annual Review 2023
During the 11th century, King Canute ruled over medieval England, Denmark, and Norway. According to legend, King Canute was constantly showered with affection by his subjects. However, as time passed, he grew weary of…
Our Quarterly and Annual REsults
Quarterly and Annual Reports
Access our record of reports to learn about our performance and our views and analysis of the market.
Third Quarter 2023
During the 18th century, the North American fur trade was booming. To capitalize on a profitable trade route into North America, Russia had prudently established a settlement in Alaska. However, as the fur trade…
Second Quarter 2023
In 1848, American pioneer James Marshall discovered gold at Sutter’s Mill, igniting the great California Gold Rush. Droves of amateur and professional prospectors from around the globe ventured to California hoping to claim their…
First Quarter 2023
Interest rates continued to rise higher this quarter. This brought fresh concerns for the economy as a whole and, in particular, liquidity in the banking sector. Not surprisingly, taking rates from 0.25% to 4.75%…
Annual Review 2022
With 2022 now in the rearview mirror, we reflect on a year in which stocks and bonds finished significantly down. Investors have not seen a year with negative returns for both major asset classes…
Third Quarter 2022
The central banks of much of the developed world continue their most aggressive monetary tightening campaigns since the 1980s, and asset markets everywhere remain profoundly impacted. Bond yields are currently sitting at their highest…