In this slide/audio presentation, Matt Fitzsimmons, True North’s Director of Research, discusses the dramatically increased volatility in the markets, the economic situation in Europe, and the firm’s perspectives on the US Debt downgrade. Lastly, Matt provides an update on the moves the firm has made in client portfolios over the last six-nine months and how they’ve held up in the current market.
Summer 2011 Investment Commentary
Director of Research Matt Fitzsimmons shares True North’s views on market volatility in August, 2011. “The factors we see driving recent volatility include the U.S. credit downgrade, the European debt problems and an emotional response from an investment community with 2008-09 still fresh in their minds. Despite these concerns, we see strong fundamentals across large global companies where valuations are reasonable and where insiders have been purchasing stock recently.”
Spring 2011 Market Commentary (Audio/Slides)
In this 32 minute slide/audio presentation, Matt Fitzsimmons, True North’s Director of Research, provides a view of returns of various asset classes year-to-date in 2011, what we see happening with growth in the USA and globally, and changes we are making to our equity portfolio.
Spring 2011 Investment Commentary
In this Spring Commentary, Matt Fitzsimmons, True North’s Director of Research, discusses how we’ve witnessed the 8th straight quarter of gains in the S&P 500 and how what we’re seeing is causing our Investment Policy Committee to move client portfolios into a more conservative position, especially within our equity allocations. With the market nearly doubling in two years, we are concerned there hasn’t been a >10% pullback in that period.
2010 Year-End Market Commentary (Audio/Slides)
In this 38 minute slide/audio presentation, Matt Fitzsimmons, True North’s Director of Research, looks back at investment returns for 2010, Quantitative Easing 2 (aka QE2), gold, fixed income flows, equity themes and asset class correlations, among other topics.
Winter 2010 Investment Commentary
In this Winter 2010 newsletter, Matt Fitzsimmons, True North’s Director of Research, reviews the progress made in 2010 by the market and how that played out in True North’s equity, fixed income, and alternative asset class allocations. He also shares some the firm’s perspective on gold compared to investing in a broader basket of commodities. Matt finishes highlighting major asset allocation themes going forward.
Fall 2010 Investment Commentary
In this 4-page newsletter from December 17, Matt Fitzsimmons, True North’s Director of Research, provides insights into the market and economy (with discussion about the Fed’s “Quantitative Easing” efforts) and re-iterates the importance of patience and trusting a well-conceived asset allocation strategy.
Summer 2010 Investment Commentary
In this 3-page executive summary, Director of Research Matt Fitzsimmons shares True North’s view on the market and the economy as of September 1, 2010.
Market Commentary Q2-2010 (Audio/Slides)
In this 33 minute slide/audio presentation, True North’s Director of Research, Matt Fitzsimmons shares insights on corporate profits, market valuation, investor flows into bonds, investing outside the U.S., emerging markets, U.S. debt levels and other topics that impact investor portfolios. Closing comments by True North Co-Founder Mark Gehlbach.
Market Commentary Q4-2009 (Audio/Slides)
In this 38 minute slide/audio presentation, Matt Fitzsimmons, True North’s Director of Research, speaks about market volatility, correlations, GDP, housing, lending, unemployment, asset class returns and other topics that impact client assets. He comments on selected managers and shares thinking from the Investment Policy Committee. Scott Wood, Co-Founder of True North, shares closing comments.
