The COVID-19 pandemic has caused significant disruption for businesses and the economy. It also caused severe volatility in financial markets during the first half of 2020, which caused a breakdown in market liquidity as investors looked to raise cash due to the uncertain outlook.
Fast forward to early 2021, when asset prices have stabilized thanks to central bank intervention, some sectors of the economy are still struggling, while others are thriving. Although certain investments are “fully valued,” we believe there are also attractive opportunities in the market where we can utilize our flexible approach.
In our strategies, we focus on identifying what we believe to be the best risk-adjusted investments in the market, given the opportunity set.