2012 Q3 - Investment Letter (AON)

2012 Q3 - Investment Letter (AON)

We’d like to begin by announcing the exciting new addition of Elliott Savage to our firm. Elliott has over a decade of experience in managing portfolios. Prior to YCG, Elliott was a Senior Analyst who worked directly with the founding partner at Highside Capital Management, a multi-billion dollar long/short equity hedge fund located in Dallas, …

2012 Q1 - Investment Letter (Tesco)

2012 Q1 - Investment Letter (Tesco)

The stock market put on quite the show, with the S&P 500 climbing a staggering 12.6% – the best first quarter showing since 1998. Many forecasters’ year-end targets have already been surpassed or are very close to being met, yet the rise in equity prices was not nearly as broad as one might think. Approximately …

2010 Q4 - Investment Letter (St. Joe)

2010 Q4 - Investment Letter (St. Joe)

The S&P 500 continued the sprint forward speeding ahead over 10% during the fourth quarter. The month of December alone rallied 6.68%, marking the best December performance in nearly 20 years. The total return for the S&P 500 index was 15.06% for the year. Comparatively, the average across our strategies posted a solid absolute return …