January 1, 2014

Seeing the wood for the trees 2013 will be a year potentially remembered by investors as a significant inflection point regarding investment market forces. When the dust and commentary have settled on the year, certain dominating influences including the United States and politically driven financial repression will remain. The biggest story of the quarter, and indeed of the year was the announcement of the starting date for the much feared taper. The Federal Reserve (Fed) announced that it would finally begin reducing the amount of securities purchased by $10 billion per month to $75 billion from January 2014. Market reaction to the announcement in December was mild in comparison to the “taper tantrum” experienced in May. Read the full article GTC Fund Performances The GTC Fixed Income Fund has continued to deliver strong returns relative to cash over all periods as well... Read More