Opening Thoughts As we move further into 2026, the rhythm of the year is beginning to take shape. Markets remain unsettled, narratives continue to shift, and yet beneath the surface there is a steady process that appears to be unfolding. I started this personal newsletter to provide perspective rather than reactions. The [...]
Opening Thoughts As we begin a new year, I wanted to introduce a new way of communicating about the firm. From David’s Desk is intended to be a regular reflection–an opportunity to share perspective after more than 2 decades–on how MAAM is evolving, how we think about markets, and how we approach investment [...]
Real estate, private equity, Hedge funds, emerging markets, IPOs, Industrial real estate, Land banking, Alternative debt fund
Trade wars, private companies, private real estate, exits in private equity, hedge funds, alternative assets
Trade wars, private companies, private real estate, exits in private equity, hedge funds, alternative assets
Election, interest rates, private companies, private real estate, exits in private equity, hedge funds, alternative assets
Elections, private real estate, exits in private equity, hedge funds, alternative assets
Alternative asset Trust Commentary for the second quarter of 2024, commentary on hedge funds, private equity, and North American private real estate
During the first quarter of 2024, the Trust was higher by 4.1% net of costs, and this brings the Trust’s annualized rate of return since inception [October 2010] to 9.5%underpins a situation where government spending is leading to unsustainable levels of debt and deficit.
During the fourth quarter of 2023, the MacNicol Investment Team continued to observe a widening gap between the inflation expectations of market participants and both voting and non-voting central bank officials.Catalyzing our concerns that financial markets may have “jumped to conclusions” when it comes to interest rates and a labor market that stands 200 basis points below its long-term (ex-COVID) average and fiscal profligacy that underpins a situation where government spending is leading to unsustainable levels of debt and deficit.
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3080 Yonge Street, Suite 4076
Toronto, Ontario M4N 3N1
Tel: 416-367-3040
Toll Free: 1-866-367-3040
Email: info@macnicolasset.com
Welcome to MacNicol & Associates Asset Management. We offer professional global investment management and advisory services to individuals, family trusts, estates, holding companies and charitable foundations.
