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Quarterly Report•July 22, 2026•
13 mins
Quarterly Report Q3 2026
The first half of 2026 presented investors with plenty of ways to both make and lose money.
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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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