Quarterly Commentaries

The investment team spend a lot of their time thinking about individual stocks, markets and all sorts of other related (or often unrelated) topics. These get filtered through the quarter with the (hopefully) more interesting ones making it into our quarterly commentaries. These can be found below - we hope you find them interesting reading.

  • October 2019

    Investment Commentary October 2019 This investment commentary contains the following articles:   Quarter in review A guide to contrarian investing The importance of luck (and recognising it)  Harvesting black swans   This quarter we give our opinion on the process for...
  • July 2019

    This investment commentary contains the following articles: Quarter in review Afterpay Capital Offence Adrian Orr is right to look at bank capital A narrative to take markets higher   This quarter we review a solid quarter for the funds in a particularly strong quarter for equity...
  • April 2019

    This investment commentary contains the following articles: Quarter in review Defining risk Risk parity – model or myth Future NZ Equity returns – revisited   This quarter we review a strong period for equities and bonds.  We then discuss the various definitions of market risk, and...
  • January 2019

    This investment commentary contains the following articles: Quarter in review 8 reasons to be optimistic about 2019 Time to invest in gold? Downside protection Happy New Year! Market volatility is the theme of this quarter’s commentaries. We start by reviewing a volatile last quarter of 2018....
  • October 2018

    This investment commentary contains the following articles:    Quarter in review  A week in review, October 11th  Portfolio Insurance  Quality or Value?    Only three articles this quarter, but ...

Subscribe