Related insights
Quarterly Report•April 29, 2026•
12 mins
Quarterly Report Q2 2026
In the first quarter of 2026, investors could be forgiven for being driven to distraction. Stock markets are always noisy, buffeted by a cocktail of macroeconomics, geopolitics and company-specific news. Yet it is hard to recall a period of prices being impacted to such a large extent by such differing factors.
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Quarterly Report•February 2, 2026•
10 mins
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.
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Quarterly Report•October 31, 2025•
10 mins
Quarterly 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.
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