In this issue of Perspectives, we want to highlight an excellent example of how deep research coupled with patience and a long -term horizon allows for superior investment performance. In the case of Magnet Forensics (“MAGT”), this philosophy enabled us to take advantage of a significant market dislocation when most other investors were too […] […]
[…] PCF’s third straight quarter of relative outperformance when compared to the Russell 2000 benchmark (“R2000”). That being said, the PCF is trailing the Russell over the prior twelve -month period. * All performance metrics stated for PCF A–Class units in CAD. Detailed performance by class and currency listed below. 1–Month 3–Month YTD 1–Year 3–Year Since […] […]
[…] the world. Comments from leading bankers indicate they are willing to tolerate a recession as part of their battle to quell inflation. In the US, the 2 -year and 10–year treasury yield curve inverted, suggesting that market participants are predicting higher interest rates in the near term, followed by an economic slowdown and lower […] […]
[…] we feel the market impacts of these factors are waning, and the potential for a deep or prolonged recession is still unlikely. Our assessment of a post -pandemic world has changed based on the implications of Russia’s invasion of Ukraine, where the risk of higher prices and lower growth have increased. US inflation is […] […]
[…] third quarter of this year, North American stocks continued their rise from the depths of the March lows. In the face of ongoing uncertainty poised by COVID -19, an acrimonious US election contest, risks surrounding Brexit, and ongoing trade tensions between China and its western trading partners, equities confounded many skeptics, driven by low […] […]
What we look for in a “Pembroke” stock is a combination of a high -quality business model, financial wherewithal, and management skill to navigate company specific and broader macroeconomic turbulence that arises over the course of operations. The past two years have seen unusually severe challenges affect all stocks, with the pandemic and the […] […]
[…] Concentrated Fund (“PCF”) celebrated its third anniversary, an important milestone in fund management. Our results continue to support our original thesis: that a concentrated portfolio of high -quality, differentiated growth stocks can outperform the market over the long–term. While we are pleased with our first three years, we remain focused on the future. Introduction […] […]
[…] Concentrated Fund (“PCF”) celebrated its third anniversary, an important milestone in fund management. Our results continue to support our original thesis: that a concentrated portfolio of high -quality, differentiated growth stocks can outperform the market over the long–term. While we are pleased with our first three years, we remain focused on the future. Introduction […] […]
[…] Positions Altus Group (“AIF CN”) provides software, data solutions, consulting and advisory services to commercial real estate (CRE) owners and investors. Its Argus software solution provides mission -critical tools to analyze and manage CRE assets and is the global standard in the industry, benefitting from the institutionalization of the real estate sector. In recent […] […]
Annual Information Form, March 25th, 2021 Simplified Prospectus, March 25th, 2021 […]
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A central theme of the just concluded COP 27 (the 27th Conference of the Parties of the United Nations Framework Convention on Climate Change) in Sharm El -Sheikh is the transition now underway from commitments to action. While countries are the parties bound by their commitments under the Paris Agreement, they must catalyze non–state actors, […] […]
[…] toward the end of the year, we believe it is still too early to tell. We also think it is relevant to highlight China, given its earlier -than–expected reopening during the first quarter. While the reopening brought renewed optimism and the beginning phases of recovery, the pace of growth could be slow in the […] […]
Pembroke American Growth Fund 53rd Annual general meeting Date: March 15th, 2021 Revised Time: Due to technical Issues, the meeting took place starting at 16:45 *We apologize for the change of time. If you were unable to connect to the meeting due to the technical issues and have any questions, please contact your […]
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[…] in the first quarter of 2023, as the Fund and US markets more generally recovered from a challenging 2022*. * All performance metrics stated for PCF A -Class units in CAD. Detailed performance by class and currency listed below. 1–Month 3–Month YTD 1–Year 3–Year 5–Year Since Inception, annualized Since Inception, cumulative PCF A, CAD […] […]
[…] both interesting and informative and we would welcome the opportunity to speak with you should you have any questions or comments. On the Road Conference – COVID -19 Realization and Response Investment Commentary & Outlook Canadian Equity Strategies US Equity Strategies International Equity Strategies Fixed Income & Balanced Strategies Just the Facts Virtual Lunch […] […]
Joined: 2021 Location: Montreal Mathieu Foucher is Marketing and Communications Manager at Pembroke. He is responsible for enhancing the firm’s marketing plan and strategies, as well as overseeing the firm’s digital presence, communications, and events. Mathieu has nearly twenty years of experience in communications, translation, and marketing, more than half of which has been in […]
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[…] solutions tailored to their circumstances. Stephanie previously served in the tax department of a large family office (2009 to 2019) and as a manager/mentor in a mid -size accounting firm (2019 to 2020). Academic Achievements, Memberships, and Professional Designations Chartered Investment Manager, Canadian Securities Institute (2021) Chartered Professional Accountant (2017) University of Waterloo, Masters […] […]
53ième assemblée annuelle des actionnaires de la Fonds de croissance américain Pembroke Date: le 15 mars 2021 Heure: 16h Cliquez ici pour consulter le circulaire de sollicitation de procurations Cliquez ici pour consulter les états financiers Cliquez ici pour consulter le rapport de gestion sur la performance des fonds Cliquez ici pour rejoindre l’assemble virtuelle […]
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International Equity Strategies – Q4 Review Fourth quarter outperformance versus the MSCI ACWI ex -US Small Cap Index was driven by positive stock selection within the consumer staples, utilities and information technology sectors. Within consumer staples, Dino Polska (“DNP PW”) was the top contributor. Dino Polska is a leading Polish proximity supermarket chain that […] […]
Joined: 2021 Location: Montreal Member of the Wealth Service Team Virginie has worked in the securities industry since 2003. After completing her Bachelor of Commerce degree, Finance Major, Virginie acquired her Investment Advisor licence. As a Registered Representative working with her own clients, and as part of Portfolio Manager teams, trilingual (English, French and Italian), […]
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