Commentary Archives

Insights

At Lysander Funds we strive to inform and educate Canadian investors. In this section you'll find resources that highlight the thinking of our Portfolio Managers.

Canso Corporate Bond Newsletter – April 2023

The Dance The year began with swift optimism. Equity markets quickstepped higher, while credit spreads swung tighter. Buyers lined up to purchase new bonds from both investment grade and non-investment grade issuers. In sequence, investors who…

Canso Market Observer – March 2023

Editor’s Note: We apologize in advance for possibly any seemingly out of date market numbers or comments, as the past couple of weeks have seen unprecedented volatility on a daily and even hourly basis. It has…

Lysander-Triasima All Country Equity Fund Fourth Quarter Commentary 2022

The economy Inflation and the concomitant rise in interest rates were this year’s dominant macroeconomic themes. They hindered economic growth, and a worldwide slowdown has developed. Households suffer from real disposable income falling and consumer credit…

Patient Capital Quarterly Commentary – Q4 2022

During the fourth quarter of 2022 global markets bounced back from their third quarter declines. The MSCI (USD) World Index rose 9.89%1 while the S&P 500 (USD) posted a positive return of 7.56%2. The S&P/TSX Composite…

Apollo 11

The Apollo 11 mission in 1969 was an amazing feat as Neil Armstrong became the first human being to set foot on the moon. The documentary film, of the same title, used original footage to transport the…

Canso Corporate Bond Newsletter – January 2023

Against The Wind We say “Goodbye” to 2022 or, more fittingly for investors, “Good Riddance”. Sharply rising inflation and interest rate increases dominated the headlines and headspace for investors this past year. The experiment of zero…