Category: Commentary

For the first quarter of 2026, the Lions Bay Fund returned +2.86%.  Since inception, Lions...

In many ways, the set-up for the global economy in 2026 was looking rather good until the...

We extend our thoughts to those affected by the ongoing conflict in the Middle East....

Lions Bay has used recent market conditions to build a portfolio of high-quality businesses trading well below historical valuation levels, complemented by selectively priced hedges. With market breadth improving and volatility near cycle lows, the strategy is positioned to benefit from a shift away from narrow leadership and toward fundamentals in 2026.

My colleagues and I recently had the chance to meet one of my favourite authors...

Voyager Fund ended this year +24.18%. The execution of our research process has allowed us to...

Last Friday, both my son and daughter participated in the annual cross-country run organized by...

For the third quarter of 2025, the Lions Bay Fund declined by -0.88%. On a year-to-date...

Voyager was up an estimated +10.30% during the 3rd quarter. Other than generating positive quarters...