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Commentaries

27 01, 2020

The Q4 Commentary 2019

2023-08-30T11:52:21+00:00

MacNicol’s Quarterly Commentary- January 2020 One of the things that amazes me is the number of research houses and investment newsletters that publish their “year-end” investment reviews in early December. A lot can happen in a short period of time, so I wait until after New Year’s to begin writing my own year-end investment review [...]

The Q4 Commentary 20192023-08-30T11:52:21+00:00
12 12, 2019

The Monthly – December 2019

2023-08-30T11:52:03+00:00

MacNicol’s Monthly Commentary - December 2019 My friend wanted to learn more about real estate to provide his clients with better information when it came to their investment options. Institutional sales can be a tough, competitive business where you only “eat-what-you-kill” so it is important to have a competitive edge. With real estate being one [...]

The Monthly – December 20192023-08-30T11:52:03+00:00
12 11, 2019

The Monthly – November 2019

2023-08-30T11:51:43+00:00

MacNicol’s Monthly Commentary - November 2019 One of the things that working with the MacNicol team can do is help you avoid investment myopia, the natural tendency to focus on the short-term. Apart from helping investors avoid “bubbles” partnering with us can allow your overall cost of investments to fall. In James Montier’s little book [...]

The Monthly – November 20192023-08-30T11:51:43+00:00
18 10, 2019

The Alternative Quarterly Commentary – Q3 2019

2023-01-06T21:01:48+00:00

MacNicol’s The Alternative Quarterly Commentary- October 2019 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate positive and uncorrelated returns against the public stock and bond markets. The Trust, through its underlying limited partnerships, is invested in private real estate and mortgages, private equity and multi-strategy hedge funds. Combined, the [...]

The Alternative Quarterly Commentary – Q3 20192023-01-06T21:01:48+00:00
18 10, 2019

The Q3 Commentary 2019

2023-08-30T11:51:23+00:00

MacNicol’s Quarterly Commentary- October 2019 Sometimes it really pays to be open minded. For example, this summer I vacationed in beautiful Boston Bar, BC where I was presented with can of beer from someone with the Dead Frog brewery in Aldergrove (a suburb of Langley for all you Torontonians). Dead Frog…I thought to myself…how good [...]

The Q3 Commentary 20192023-08-30T11:51:23+00:00
6 09, 2019

The Monthly – September 2019

2023-08-30T11:51:04+00:00

MacNicol’s Monthly Commentary - September 2019 Speaking of efficacy, the on-going trade talks between the US and China have dragged on and domestic economic indicators are beginning to join global ones in their decline. We referenced the slowdown in the US manufacturing sector on the front page of The Monthly noting that Institute of Supply [...]

The Monthly – September 20192023-08-30T11:51:04+00:00
31 07, 2019

The Monthly – August 2019

2023-08-30T11:50:45+00:00

MacNicol’s Monthly Commentary- August 2019 French novelist and journalist Jean-Baptise Alphonse Karr was famous for coining the phrase “the more things change, the more they remain the same”. We reproduce Karr’s famous quote in his native French to begin this edition of The Monthly and we think it is pretty fitting given the state of [...]

The Monthly – August 20192023-08-30T11:50:45+00:00
31 07, 2019

The Alternative Quarterly Commentary- Q2 2019

2023-01-06T21:03:49+00:00

MacNicol’s The Alternative Quarterly Commentary- July 2019 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate positive and uncorrelated returns against the public stock and bond markets. The Trust, through its underlying limited partnerships, is invested in private real estate and mortgages, private equity and multi-strategy hedge funds. Combined, the [...]

The Alternative Quarterly Commentary- Q2 20192023-01-06T21:03:49+00:00
4 07, 2019

The Q2 Commentary- 2019

2023-08-30T11:50:25+00:00

MacNicol’s Quarterly Commentary- July 2019 I don’t know about you but the recent rally in stocks has me feeling a bit cold, which is surprising. After all, stocks are up quite a bit from the May lows and - after what felt like eons - the weather up here in Toronto beginning to heat up [...]

The Q2 Commentary- 20192023-08-30T11:50:25+00:00
11 06, 2019

The Monthly – June 2019

2023-08-30T11:50:05+00:00

MacNicol’s Monthly Commentary- June 2019 I love pancakes, most people do. Pancakes are delicious, satisfying and a magnificent breakfast to enjoy before a day of sight seeing. They are also flat. Really flat. So flat is my guilty breakfast pleasure that they take me back nearly 20 years to an evening I spent at the [...]

The Monthly – June 20192023-08-30T11:50:05+00:00
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