These are unprecedented times and I feel it is important to communicate with clients during this market volatility on what we are doing with our portfolios and why.
Greg Dean's blog
I hope everyone had an enjoyable holiday season. We are excited to be starting into another year of working hard to bring value to our clients. I have some important announcements regarding the small-cap team, and I also want to highlight some recent additions to the portfolio we are excited about for 2020 and beyond.
Come February 2020, I’ll be celebrating my nine-year anniversary at Cambridge Global Asset Management (“Cambridge”). During this time, I’ve exclusively covered Canadian and global small/mid-capitalization stocks, and I believe I’ve done my best to deliver on my promise of achieving investment excellence for our clients. A few weeks ago, I held a call with advisors across Canada, and we had a good conversation. I felt that a short recap of part of that discussion was worthwhile repeating here.
We’ve recently had several questions regarding Cambridge Growth Companies Corporate Class, and I believe it’s my duty to be transparent and candid about what we’re doing and why, especially when short-term performance is weak.
Please see the table below for the year-to-date performance (i.e., as at June 30, 2019) of our funds that invest in small-capitalization companies.
Well, so much for a quiet summer! Throughout the last few months we’ve remained highly focused on making the best long-term investment decisions for our clients amid ever-growing risk appetites and return expectations. In order to support that, we’ve also been extremely busy developing our hiring plans.
The purpose of this letter is to provide you with an update on first-half results across the Canadian and Global small-cap portfolios. But first, I’d like to start by discussing an important upcoming anniversary that serves to highlight two key things: the benefit of taking a long-term approach when investing; and the importance of well-reasoned decision-making.