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 […]
Q4 Strategic Opportunities Fund Commentary
2021 was an eventful year, marked by high drama in geopolitics, the ever-changing face of the pandemic, and the marked divergence in the stock performance of the world’s largest and second-largest economy. The emergence of the Omicron variant towards the end of 2021 was a stark reminder that the pandemic is far from over. Its […]
Q3 Strategic Opportunities Fund Commentary
Global equities ended the 3 quarter on a negative note. Chinese equities continued the downward momentum that started in February. On top of the ongoing concerns over regulatory tightening, reforms and the health of Huarong, worries over the ability of Evergrande to service its debt became a focal point of the Chinese capital markets in […]
China – A study in volatility, country allocation and performance
How does one decide on the geographical distribution of their investments in his/her portfolio? There are several default options. If you are a professional fund manager or asset allocator, the index you are measured against will largely determine the geographical spread of the portfolio. For many individuals, their familiarity with local/regional stocks makes buying local […]
Pinnacle Capital Asia Launches Strategic Opportunities Fund
We launched Pinnacle Strategic Opportunities Fund today. The Fund will invest in high-quality businesses that are riding secular trends. Our conviction is that the price performance of this portfolio of stocks will reward investors with higher returns as their earnings grow and compound over time. The investment team is led by Luther Chiam (CIO of […]
Quality, Growth, Value
In the past few years, active value managers have seen their assets under management shrink significantly. After years of underperformance and the facing the relentless push towards Index Funds/ETFs, value managers are bearing the brunt of these underlying trends. This begs the question, is value investing passe? If value investing means a commitment to quantitative […]
Introducing Life Settlements – An Alternative Asset Class
What is a life settlement? In 1911, the US Supreme Court deemed that the ownership in a life insurance policy by a US citizen was personal property, so that US citizens can sell their ownership interest in a life insurance policy, just like you can sell a car or a plane. A life settlement is […]
