****** RAGING BULL AWARD ******
The Flagship IP Flexible Value Fund was recently awarded a Raging Bull certificate for top performance for the 3 year period ending 31 December 2018 (in the multi asset flexible sector).
Niall Brown, the manager of the fund, received the award at the Raging Bull Awards ceremony at the Cape Town Convention Centre on the 30th January 2019.
Strong quarter for global equities After the disastrous December 2018 quarter (when the all country world index fell by over 13%), the March 2019 quarter staged an impressive comeback, rising by 11.6%. This was the second strongest quarter on record for the global index. The beaten-down Chinese market led the bounce, rallying 17.7%, with the US … Continued
A year to forget The past year has been one of the worst for global markets. The world index suffered its heaviest decline since the great recession: down over 11% (but 17% from its January high!). The robust earnings growth went largely unrewarded on concerns that the longest bull run in history would soon end. … Continued
Current Environment As September marked the 10th anniversary of Lehman’s collapse, there was widespread commentary on the likely source of the next crisis. While opinions varied significantly, the consensus view was that it was impossible to predict: like the ‘sucker punch’ in boxing, it’s the one you don’t see that gets you. While recognising that … Continued
Global economy The global expansion is now entering its 10th year, one of the longest on record. And yet it appears that it still has further to go. Although the synchronised upturn among global economies appears to be losing some of its cohesion, conditions remain robust. However, business cycles across the globe are now beginning … Continued