Lysander-Canso
Strategic Loan Fund
Series F

Come On In Another quarter has passed, and we continue to watch corporate credit spreads “Come On In”. Despite significant volatility over the August long-weekend, high yield spreads ended the quarter tighter than where they began.…

Be Careful What You Wonder About We were writing about the confused state of political and economic affairs in June and wondered, like the Marvin Gaye song title, “What’s Going On?”. We marvelled at how the…

Bank Hedging On June 5th, the Bank of Canada (BOC) officially ended its rate hiking cycle that began 27 months prior, stating: “With continued evidence that underlying inflation is easing, Governing Council agreed that monetary policy…

A Marvin Moment?? “What’s Going On” was the plaintive refrain and title of Marvin Gaye’s 1971 hit song about the controversial Vietnam War and the resulting societal and political upset in the United States. His song…

Mission Accomplished Like George W. Bush standing on the deck of the USS Abraham Lincoln in May 2003, the market appears to have hoisted the “Mission Accomplished” banner on this monetary tightening cycle. Risk premiums have…

Adamantly Wrong Early in 2023, the economic forecasters and market sages were adamant in their New Year forecasts that it would be a year of recession and disappointing financial markets. Interest rates and inflation had been…