Overview

• LRT Global Opportunities Strategy recorded a -8.00% net return in September and a year‑to‑date return of -0.17%.
• Management attributes recent difficulty to index gains concentrated in a handful of expensive mega‑cap stocks as broader equities lagged.
• The letter emphasizes a disciplined, systematic long/short process with low net exposure designed to control downside risk.
• Highlighted holdings span category‑defining, high‑moat businesses including UnitedHealth, Toronto‑Dominion Bank, Fabrinet, Crown Castle, Colliers, RLI, StoneX, Toro, Simpson Manufacturing, Chemed, and Travelers.
• The update was broadly syndicated on October 7–8 by financial outlets, including a fresh Yahoo Finance piece profiling Travelers on October 8.