News & Media

Listening to the “experts” on the TV or, heaven help us, reading their opinions in the newspaper, one might believe that the current uptrend in the markets is overdone. Or perhaps there might be an economic reversal to the April low. Or, even better yet, that there is a possible retrenchment of market prices to […]

Listen to a short yet insightful discussion between our Chief Investment Officer, Linda Lebrun, and Raymond Lam, Portfolio Manager for the Laurus Canadian Equities Small Cap Fund. The two discuss the history of the Canadian Small Cap Strategy, how stocks are selected, plus many additional insights that make the Laurus Canadian Small Cap Fund unique. […]

True, there are those who don’t really try to answer that question. For example, some momentum strategies have a valuation overlay, though most do not. And there are times when the relative performance derby causes fundamentally-oriented investors to toss their valuation discipline out the window. “As long as the music is playing,” as one infamous […]

As many of you know, our key message to clients and allocators is that investing begins, and ends, with people – whether our team, our clients, or the management we engage with on a regular basis that run the companies we invest in. As we move through the COVID-19 pandemic, each of these key groups […]

TORONTO, May 26, 2020 – Laurus Investment Counsel Inc. (“Laurus” or the “Firm”) is pleased to announce it has issued a research paper in celebration of its sixth anniversary. “Almost all market sell-offs are followed by big bounces, and this one has been no different. Yet, the speed and severity of the initial market correction […]

The bull market that began March 9, 2009 is officially over. As we look back at the last cycle and those before, it becomes apparent that a considerable amount of alpha is generated in the early months and years of a developing cycle. Capital allocators tend to stay defensive through and out of a market […]

The devastating blow of the pandemic lockdown continues to unfold on the global economy, causing a near-stop to travel, migration, and gatherings. For those of us who continue to work while our physical workplaces are closed, to say we’re “working from home” is not quite accurate: we are confined to our homes due to a […]

Our February comment was released following a difficult final ten days of the month – not that it relates to the current events. The events are, as it’s said, what they are. The market already understands that virtually everything in China is shut down. Autos sales have plummeted, 99% of nightclubs closed, 70% of restaurants […]

This month our CIO, Linda Lebrun, outlines why we believe management ownership of corporate stock best aligns them with shareholders. Simply put – we human beings are self-centered and respond well to incentives that appeal to our self-interest. One is simply more inclined to be more attentive if the incentive structure appeals. Linda’s note speaks […]

As we enter the new decade, a few random thoughts on the past year and the path we may tread in the months to come. “Beware of my partisanship, my mistakes of fact and the distortion inevitably caused by my having seen only one corner of events.” George Orwell We live in a politically polarized […]

This month we speak to the narratives that pervade the investment ecosystem. Skimming through Damodaran’s “tribes” (storytellers and number crunchers) humorously reminds one of Twain’s “lies, damned lies, and statistics”. Yet the narrative plays an important part in a manager’s communication with clients and potential clients; after all, written commentary with supporting statistics can be […]

In a stunning announcement November 1st, Pengrowth Energy Corp. announced its sale to Cona Resources Ltd. for five cents a share and assumption of company debt. Once a $7.2 billion oil and gas exploration company, Pengrowth Energy has lost almost 99.6% of their equity value in the past six years. Over the past twelve months […]