Dear Readers,

I write to you at a time when the gold price continues to reach new highs, some global and local share markets are breaking records and crypto currency is surging. Investors have enjoyed a good run! While these peaks have meant stellar returns in selected counters, at Orion Investment Managers, we regard peaks as we do dips in the market - a feature of long-term thoughtful and disciplined investing. Simply put, they come and go.

While we can do little about such peaks and dips, our obligation towards our clients is to structure investments, funds and portfolios that generate consistent risk-adjusted positive returns over time. This is the rationale behind the comprehensive range of asset managers we own and house under the OIM umbrella.

Every OIM asset manager, together with their local and international advisors, specialises in a particular style of asset management, with each aiming to generate alpha for their clients consistently, irrespective of market peaks and troughs. Naturally, this means that while the gold price is breaking records and our fund managers will benefit from any gold mining counters they hold, this will not correlate directly with the gold price. Conversely, should the gold price drop precipitously, OIM asset managers and our funds will not drop proportionately. Similarly, OIM will never invest in unregulated asset classes such crypto currencies. This is a balanced, disciplined and blended approach to asset management.

This is just an example of how OIM asset managers manage money on behalf of our clients, but to get the full picture of the remarkable range of funds offered from global and local equities to property, fixed income and AI algorithm generated funds, please take a little quality time and read through each section of our quarterly Optimum publication.

So, if I could leave our dear readers with one clear message during these heady record-breaking times, be disciplined, focus on the long term and remember, there is no substitute for risk-adjusted asset management.

Until next quarter, invest wisely and take good care.

Ian Kilbride
Chairman and CEO