From time to time, Hillsdale is in the news. Our partners often speak at conferences or other events, and our accomplishments are covered in the financial media.
Successes Despite The Meltdown
Financial Post – Monday, March 10th, 2008
Given the meltdown all markets have experienced over the past nine weeks, the year (which) ended Dec. 31, 2007, seems like a lifetime away. But for those who manage money on a professional basis, the annual performance numbers bring some accolades and a warm smile to their clients.
API Asset Performance, a pension fund consulting firm, has compiled the 2007 top performers among the 653 funds in its pooled database:
Balanced Funds – The fund run by MFC Global returned 11.78% last year. MFC Global’s fund was the top performer over three years (average compound gain of 14.63%) and second-best over five years with a 14.90% gain.
Canadian Equities - Montrusco Bolton’s TSE 100 Momentum Fund was the best performer with a return of 30.98% —or more than three times the 9.77% index return. Montrusco Bolton was also the winner over three years (31.65% versus the index’s 16.95%); and five years (34.36% versus 18.32% for the index.)
U.S. Equities – The U.S. equity fund managed by Goodman & Goodman was the top performer over one year (32.67%,more than four times the funds managed by second-place Marvin & Palmer), three years (18.23%); and five years (17.13%). Hillsdale Investment Management was second-best performer over both three and five years.
Global Equities – Goodman & Goodman was also the top performer for global equities. It collected a triple award with the best performance over one year (47.94%), three years (25.64%) and five years (23.79%).