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For the first quarter of 2010, the weighted average return of our all-equity portfolios was +4.5% versus +3.1% for the TSX Total Return. Our outperformance occurred in January when the TSX declined

Our outperformance versus market indices widened in the fourth quarter of 2009 as our all-equity portfolios increased by an average of +12.9% versus the TSX Total Return which rose by +3.9%.

For the third quarter ending September 2009, we are happy to report that the year-to-date weighted average return of our all equity portfolios is +40.1%, which continues to compare very favorably

For the quarter ending June 2009, we are proud to report that the weighted average return of our all equity portfolios is now +24.5% year-to-date, which continues to compare favorably to +17.6%

During 2008, there was no place to hide, other than US Treasuries and the Yen by default. In the liquidity crisis of last fall, financial markets were behaving in an abnormal way.

There is no doubt that 2008 will go down in history as the worst financial meltdown since the 1930’s. The irresponsible lending and massive leveraging by intertwined global financial institutions

What a difference a few months make. In July, the SEC implemented temporary rules against short-selling shares of leading financial companies for fear that declining stock prices would

After a brief rebound in April, world stock markets continued to decline on the back of recession fears and the continuing massive write-downs at global banks, brokers and insurance companies.

The first quarter of 2008 proved to be another very challenging one for investors worldwide.  Regardless of which benchmark is used to measure relative performance, the results were