Discover Palos Wealth Management
Our tailor-made investment solutions are personalized to meet your specific objectives. Our mission is to offer our clients an exceptional wealth management experience. Customer satisfaction is our goal.
Our tailor-made investment solutions are personalized to meet your specific objectives. Our mission is to offer our clients an exceptional wealth management experience. Customer satisfaction is our goal.
Issue 1 – What Worked And What Didn’t In 2019 And How The Funds Are Positioned In Early 2020
2019 was a difficult year for active managers as headline news created many uncertainties. Active managers carried more cash than usual, held large short positions, or were long volatility. These protection trades were costly. The Palos Income Fund LP and Palos Equity Income Fund, which are active funds, fared well when compared to other actively managed funds. These funds were up 18.34% and 14.63%. The TSX Composite was up 22.88% for the same period. I’m pleased with our performance, especially because the Palos Income fund was holding up to 9% of cash at various times during the year. Similarly, the Palos Equity Income Fund held 10% in fixed income securities and 9% in cash. We managed the funds both cautiously and prudently.
By Charles Marleau, CIM
Continue Reading in PDF
By Charles Marleau, CIM
Click to Read Macro View
By Hubert Marleau
Click to Read Options Corner
By Robert Mendel
Click to Read Palos-Mitchell Report
By William Mitchell