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Quarterly Report Q1 2026
Beneath the surface of a buoyant market, there were strongly divergent performances by company. Of particular note was the underperformance of so-called ‘quality’ equities, which experienced their worst period of underperformance versus the market since the dot-com boom.
Read moreQuarterly Report Q4 2025
9th October 2025 marked 25 years since the establishment of Troy. It has been quite a journey, beginning in the shadow of the dotcom boom and the ensuing equity bear market from 2001-2003. Remarkably, a quarter of a century on, markets appear once again suspended between promise and speculation.
Read moreQuarterly Report Q3 2025
n the world of financial markets, where a tendency towards complexity and intellectual cartwheels often obfuscates simple truths, it can be clarifying to speak to someone who is one step removed.
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