A WORD FROM THE PEMBROKE TEAM
The stock market’s journey through 2025 has certainly not been calm. A constant stream of headlines reflecting the Trump administration’s unorthodox path has kept investors on alert.
In this issue’s Investment Commentary and Outlook, we analyze current market conditions and the shift in focus towards artificial intelligence. The AI boom has unleashed a surge in technology investment unseen in recent decades, reshaping industries and investor expectations.
We are also pleased to celebrate the recent induction of Richard Lord, of Richelieu Hardware, into the Pembroke Hall of Fame. This year’s event featured a fireside chat between Nicolas Chevalier, Pembroke’s managing partner, and Mr. Lord.
We invite you to watch the recap video, which includes testimonials from some of Richard Lord’s close collaborators, as well as the full discussion video.
As always, if you have any questions or would like to discuss your investment strategy, do not hesitate to contact your Pembroke representative.
Sincerely,
The Pembroke Team
PEMBROKE HALL OF FAME: INDUCTION OF RICHARD LORD
Pembroke recently inducted Richard Lord of Richelieu Hardware into its Hall of Fame. This year’s event, which took place in Montreal, featured a fireside chat between Nicolas Chevalier, Pembroke’s managing partner, and Richard Lord.
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EXPANDING THE SPECTRUM OF QUALITY GROWTH INVESTING
Pembroke launched in August 2025 the Pembroke Global Growth Pooled Fund*.
In October, Drew Sutherland hosted a virtual event with Derrick Gut, porfolio manager, to discuss quality growth investing and explain how our new strategy can be incorporated into investment portfolios.
DISCLAIMER
This report is for the purpose of providing insight into Pembroke and the Pembroke strategies. Past performance is not indicative of future returns. Any securities listed herein, are for informational purposes only and are not intended and should not be construed as investment advice nor is it a recommendation to buy or sell any particular security. Factual information has been taken from sources we believe to be reliable, but its accuracy, completeness or interpretation cannot be guaranteed. Pembroke seeks to ensure that the content of this document is correct and up to date but does not guarantee that the content is accurate and complete and does not assume any responsibility for this. Pembroke is not responsible for decisions or actions taken or made on the basis of information contained in this document.
