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‘.
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 a ‘20% off‘ sale in many areas, and we responded in the Caribbean Growth Fund by steadily investing cash which had been saved for just such an event.”
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.
Fortress manages more than $650 million across 11 different funds with regional and global investments.