Fortress Fund Managers sees better opportunities for investors ahead

Fortress Fund Managers is positive about opportunities and growth for its investments in 2019 after an “unusually weak” 2018 and is encouraging investors to ‘get on board‘.

This invitation was made during the 9th Annual Fortress Investment Forum at the Frank Collymore Hall which focused on regional and global investment updates, as well as the performance and outlook for Fortress' range of funds.

This invitation was made during the 9th Annual Fortress Investment Forum at the Frank Collymore Hall which focused on regional and global investment updates, as well as the performance and outlook for Fortress’ range of funds.

In his update on the performance of Fortress’ funds, Chief Investment Officer, Fortress Advisory & Investment Services, Peter Arender said: “The year 2018 was an unusually weak one in which the Fortress funds held their value reasonably well but still saw declines. The lower prices go, however, the greater the potential for future gains. The end of the year gave us a20% offsale in many areas, and we responded in the Caribbean Growth Fund by steadily investing cash which had been saved for just such an event.”

In his presentation, Investment Director at Fortress, Roger Cave, summarised the investment climate similarly. He said that with "excellent value" across its global equity investments, Fortress was more constructive on future returns now than it had been in some time, borne out by strength in the first weeks of 2019.

In his presentation, Investment Director at Fortress, Roger Cave, summarised the investment climate similarly. He said that with “excellent value” across its global equity investments, Fortress was more constructive on future returns now than it had been in some time, borne out by strength in the first weeks of 2019.

Cave also noted that the completion of government’s bond restructuring, the corporate tax reductions, and work on economic reforms gave Fortress hope that there would be better opportunities in “its own backyard.”

René Delmas, pension director and Chris Callender, portfolio manager delivered a presentation on “Government bonds… then, now, and next,” a topic that generated much interest, especially with the recent completion of government’s bond exercise.

Guests also witnessed a lively discussion under the theme "Risks and Returns: The Road to Your Financial Security" between Melinda Belle, founder of Astrape Finance Inc. and Simon Naitram, president of the Barbados Economic Society. Their conversation was moderated by Kim Howard, marketing manager at Fortress, and Omar Kennedy, entrepreneur and former financial manager.

Guests also witnessed a lively discussion under the theme “Risks and Returns: The Road to Your Financial Security” between Melinda Belle, founder of Astrape Finance Inc. and Simon Naitram, president of the Barbados Economic Society. Their conversation was moderated by Kim Howard, marketing manager at Fortress, and Omar Kennedy, entrepreneur and former financial manager.

Fortress manages more than $650 million across 11 different funds with regional and global investments.

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