Pembroke’s Virtual Lunch Series: Managing Portfolios During Uncertain Times

Pembroke's Virtual Lunch Series

Virtual Lunch with a focus on the Governments Response

One of the events that Pembroke had to cancel due to the COVID-19 pandemic was a client lunch with Pierre Fitzgibbon, Quebec Minister of Economy and Innovation. 

Nicolas Chevalier, Portfolio Manager and Partner at Pembroke spoke to the Minister on the phone and, with his permission, we are pleased to present a summary of that conversation. To learn more, please click here

Monday, April 6th, 2020

Virtual Lunch with a focus on International Equities

On Monday, March 30th, Andy Flynn, CFA, Portfolio Manager at William Blair LLC recapped what had taken place during the past month and how the GBC International Growth Fund was managed during a period of heightened uncertainty.

Key Takeaways

  1. William Blair remains close to their companies and has been actively managing the portfolio;
  2. They currently estimate that 10-20% of the companies they hold will emerge from this period in a stronger position;
  3. They expect a trend towards local manufacturing but caution that it is too early to predict the long term impact of the pandemic.

To learn more, please listen to the replay here:

Monday, March 30th, 2020

Virtual Lunch with a focus on Fixed Income

On Friday, March 27th, Richard Usher-Jones, Portfolio Manager at Canso Investment Counsel and Ian Aitken, Managing Partner of Pembroke, hosted a virtual client luncheon to discuss the active management of fixed income portfolios during times of crisis.

Key Takeaways

  1. Canso is using market volatility to improve the characteristics of the portfolio;
  2. Canso relies on its own assessment of each bond in the portfolio rather than relying on the rating agencies;
  3. Active management of fixed income portfolios is even more important during periods of great uncertainty;

To learn more, please listen to the replay here:

Friday, March 27th, 2020

Virtual Lunch with a focus on Equities

On Tuesday, March 24th, Jeff Tory, Ian Aitken and Matthew Beckerleg, hosted a virtual client luncheon discussing Pembroke’s approach to managing portfolios during uncertain times and how we are positioning the portfolios for the eventual recovery of the economy and the markets.

Key Takeaways

  1. Pembroke is deemed an essential service and remains open for business;
  2. The tremendous volatility in the financial markets that we are witnessing is caused by the high degree of uncertainty;
  3. In times of crisis, stocks get very cheap and investor despair. Historically, this has created opportunities for Pembroke and its clients.

To learn more, please listen to the replay here:

Tuesday, March 24th, 2020