Q4 Strategic Opportunities Fund Commentary
The year 2022 has truly been a uniquely humbling year. Financial assets tumbled across the board in reaction to FED’s response to rising inflation. With the exception of energy, prices across capital & commodity markets fell, and the positive correlation was astounding. Our portfolio has experienced a 31.53% downdraft in the year. In 4Q 2022 […]
Q3 Strategic Opportunities Fund Commentary
It had been hoped that going through the first 2 volatile quarters this year, the financial market would demonstrate some signs of stability in the third quarter. And indeed we had a short-lived rally that started in mid-June and ended in mid-August. However, taking a more cautious stance, we took that opportunity to exit certain […]
Q2 Strategic Opportunities Fund Commentary
Financial assets endured a difficult quarter. The war in Ukraine disrupted global energy and grain markets, pushing inflationary pressure up everywhere. US headline inflation rose to 9.1% in June. 10-year US Treasury yields hit a high of 3.5% in the quarter, rising from 1.5% at the end of last year. Central banks’ expansionary monetary policy […]
Q1 Strategic Opportunities Fund Commentary
The setup for financial markets as we entered 2022 was challenging. Inflation was rising rapidly globally, resulting from supply chain constraints, rising commodity & energy prices, and wages. The 10-year Treasury benchmark yield, reflecting this concern and anticipating the onset of rate hikes by the FED, went from 1.51% to 2.38% at the end of […]
Partnering with Extra*Ordinary People
At the start of 2022, many Singaporeans were saddened by two separate tragic events involving special needs children. (death of twin boys, teen killed father ). These tragedies highlighted the enormous strain faced by families with special needs children. In 2021, Pinnacle inaugurated our ‘Giving Back’ program by partnering with Extra*Ordinary People, an organization with a vision […]
