After hitting a high just over 40,000 in late May, the market pulled back a little over 3% as investors and pundits alike absorbed the Fed’s verbal post-it notes about its provisional intentions. A small decrease in interest rates may well be in the offing this year, providing the numbers steady more reliably. They advise patience, diligence. Keep calm and carry on attentively. (Always a good idea). The Board of Managers does just that. With long, wide-ranging financial experience, members watch both short- and long-term performance, keeping a weather eye out for potential opportunities and pitfalls, an approach that has stood the Fund in good stead over its fourteen-year (and counting) life. The numbers tell the tale.
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