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Fortress Fund forging on Article by by Marlon Madden Despite a dramatic rise in unemployment last year, Barbadians generally continued to steadily pump funds in various investment instruments, one leading fund manager is reporting. At the same time, officials of Fortress Fund Managers said they expected pension schemes to be slightly impacted as a result of unemployment and layoffs due to the ongoing COVID-19 pandemic. The issues were discussed recently as the company held its quarterly “lunch and learn” media briefing online. Roger Cave, Investment Director of Fortress Fund Managers told reporters that while the company has seen some “ups and downs” in the markets over the years as it relates to investment, 2020 turned out to be a positive year despite the global health pandemic. ....
by Bajan Reporter / December 23rd, 2020 In a year described as “challenging” and “volatile” with “mixed returns” in some funds, Fortress Fund Managers ( FFM) has generated solid returns for investors. Investment Director Roger Cave made this assessment in the leading fund manager’s 2020 Annual Reports for the Fortress Caribbean High Interest Fund, the Fortress Caribbean Growth Fund, and the Fortress Caribbean Pension Fund. The reports, for the year ended September 30, 2020, were disseminated to investors recently and highlighted the performance and outlook of the three funds. High Interest Fund generates “solid return” Describing the financial markets this year as “volatile” for the Fortress Caribbean High Interest Fund, with low interest rates, Cave said that it still generated a solid return. It returned 2.8% for the year as “global bond prices rose significantly and more of the Fund’s Barbados dollar cash was put to work earni ....
Sustainable recovery underway despite challenging year, Fortress reports Article by December 19, 2020 In a year described as “challenging” and “volatile” with “mixed returns” in some funds, Fortress Fund Managers (FFM) has generated solid returns for investors. Investment Director Roger Cave made this assessment in the leading fund manager’s 2020 Annual Reports for the Fortress Caribbean High Interest Fund, the Fortress Caribbean Growth Fund, and the Fortress Caribbean Pension Fund. The reports, for the year ended September 30, 2020, were disseminated to investors recently and highlighted the performance and outlook of the three funds. High Interest Fund generates ‘solid return’ Describing the financial markets this year as “volatile” for the Fortress Caribbean High Interest Fund, with low interest rates, Cave said that it still generated a solid return. It returned 2.8 per cent for the year as “global bond prices ....