January Markets and a Look to the Future
Hi, !
Whether you’re a football enthusiast or not, the Super Bowl always manages to captivate attention with its winner-take-all format and elaborate halftime show. This year’s event was no exception, stirring up its fair share of controversy. Did you love Usher or was it the worst half time you’ve seen?
Moving forward, you might notice a slight adjustment in our newsletters. We’re streamlining our communication to ensure consistency across all our Cherry Hill clients, friends, and subscribers. From now on, either myself, or Adrian will be penning the weekly newsletter, coming directly from our Cherry Hill email address. You can still schedule a call with any of us through the links below.
For those whom I haven’t had the pleasure of meeting yet, I’m Trevor and I extend a warm welcome to you. I hope you find value in our newsletters.
Last week brought some intriguing developments for our team. We had the pleasure of hosting Christine Tessier, our Chief Investment Officer (CIO), along with a couple of Portfolio Managers (PMs) at our office. Perhaps you’ve already had the pleasure of meeting Justin Van Dyk virtually during our transition, but this marked our first in-person meeting with him. Christine and Justin are collaborating on an exciting new mandate for our Private Portfolio, details of which I can’t reveal just yet, but trust me, it’s promising. Additionally, we had the opportunity to connect with the PM overseeing changes to our Percy Harris fund.
Christine’s extensive background in working with major institutions and pension funds aligns perfectly with Harbourfront’s investment philosophy. Her relationships with fund managers exclusive to institutional investors bring invaluable opportunities to our clients, such as access to pension-type investments that typically outperform their retail counterparts with significantly less volatility.
I believe this highlights our commitment not just to current excellence but also to anticipating and adapting to future market shifts. It’s refreshing to be able to position ourselves for what’s coming as opposed to reacting after the fact like what we experienced at our previous firms (and what we typically see in the market).
Speaking about markets and positioning, our January market commentary is now available. Our portfolio management team recaps January’s performance and offers insights into what lies ahead in 2024. January was a good month for both the US and Canadian markets, led by technology and communications companies. Currently, our portfolios are fully invested, but sentiment is that a pullback is not too far off. For a more detailed analysis, check out our commentary here.
Until next week, Happy Investing!
Trevor
