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Best & Worse Investment Decisions of 2020 | Darcie Crowe Interviewed by BNN Bloomberg

Kellyanne Yep - Jan 02, 2021

From selling travel stocks to not owning Tesla: Money managers' best and worst decisions of 2020

Between a global pandemic, changing demand for commodities, and an uncertain U.S. presidential election, money managers had to be nimble in 2020. BNN Bloomberg spoke with six Canadian portfolio managers about their best and worst investment decisions in 2020, and stocks to watch in the year to come.


By: Hilary Punchard, BNN Bloomberg | December 31, 2020


Darcie was pleased to have been one of six Canadian money managers featured within BNN Bloomberg's annual portfolio manager survey (excerpted below.)


Darcie Crowe, senior vice president, portfolio manager and founder, Crowe Private Wealth Group within Canaccord Genuity Wealth Management


Best Investment Decision

“Alternative investments. Over recent years, we have steadily increased our allocations to uncorrelated, alternative assets with lower volatility characteristics designed to deliver stability of returns. These investments protected assets throughout the drawdown of March 2020, greatly improving the investment experience for clients.


These allocations include long and short equity strategies, which rallied throughout March, private real estate, arbitrage opportunities and private debt.”


Biggest Investment Regret

“Not taking on a greater tilt towards the ‘stay-at-home’ stocks for those clients where it would be within their risk profile. While we maintain exposure to growth businesses, including those that were significant beneficiaries of the ‘stay-at home economy’, tilting portfolios to take on a greater allocation in hindsight could have been beneficial.”


What to Watch in 2021

“We expect a synchronized global recovery to continue into 2021 driven by broad distribution of COVID-19 vaccinations and multiple stimulus measures.

With yields remaining close to records lows, we expect investors will continue to look to alternative investments to drive returns. This will include increased allocation to private debt, private equity and hedge funds.


We also expect to see a world that is more digital and less global as we emerge from the pandemic. We believe positioning for continued technological disruption will be beneficial, particularly in the areas of fintech, health care and green tech.”


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