Tribeca’s Sean Fenton, portfolio manager of the Tribeca Alpha Plus Fund, recently participated in a Q&A with Livewire.
Lessons from 2016’s best and worst performers
The shift in performance over the last year, with resources doing better than growth stocks, is a reflection of what is occurring in the global economy. This is also captured in the bond market with yields moving substantially higher. We see this new trend persisting at least for the next year read more
Three stocks for a shifting market
We have been tilting our portfolio more towards value based cyclical stocks and away from the more expensive growth and yield sectors. The financial crisis of 2008 saw a massive response by central banks, which flooded the world with liquidity. This, along with a patchy growth recovery, encouraged a search for yield, which saw growth, defensive and low volatility stocks heavily sought. An end to this support as central banks normalise monetary policy, led by the US, is likely to see this premium for certainty come under pressure read more