Barbadians can expect a robust, frank and open discussion on the potential impact of any currency adjustments on countries from a distinguished panel of experts during the 7th Annual Fortress Investment Forum which comes off on November 2 at Frank Collymore Hall.
Under the theme: “Mirage or Oasis: Do Currency Adjustments Bring Prosperity or Pain?” the panel discussion will see three guest panellists bring their unique experience and perspectives to bear on the topical issue.
Charles Skeete is an independent consultant who has worked for the Inter-American Development Bank in Washington D.C. as a senior advisor and the Barbados government as an economist and diplomat. Keith Collister is a senior executive at the Sandals Group in Jamaica and a frequent writer on economic matters in the press. Michael Berry runs Pencarrek Limited, a Barbados-based manager of global bond portfolios and writes a market letter that is read widely in Barbados.
The discussion will be moderated by David Simpson, an accountant, entrepreneur and past president of the Institute of Chartered Accountants of Barbados.
Peter Arender, Chief Investment Officer, Fortress Advisory & Investment Services said the topic for the forum’s panel discussion was chosen because of its relevance in the Caribbean and around the world in recent months.
“Each year we try to pick a topic that is interesting to explore. The world economy is more linked and interdependent than ever, and adjusting exchange rates is one of the ways that countries have tried to encourage greater economic growth – with varying degrees of success. It’s not a simple topic and we think that the audience at the forum will benefit from a frank and open discussion of the issues surrounding it, the experiences of other countries, and the implications for us here in the Caribbean. We’ll call it like we see it,” Mr. Arender explained.
The investment forum is hosted by leading fund manager, Fortress Fund Managers. In addition to the panel discussion it will offer insightful dialogue on the performance and outlook for Fortress’ funds and commentary on the investment climate regionally and internationally. “We also open the floor to questions so members of the audience will have plenty of time to hear more detailed answers on the specific subjects that are most important to them,” Mr. Arender noted.
When asked what Fortress clients and others could expect from the forum, which is open to the public, Mr. Arender noted the importance of emphasizing what people already knew so as to encourage them to action.
“There is an old saying that we all need to be reminded of things more often than we need to be taught new things. We think this holds true for long-term endeavours like investing for retirement where the keys to success are simple but not always easy. We all need to spend less than we earn and invest the rest sensibly over as long a time as possible,” he explained.
Mr. Arender also underscored that Fortress stood ready to assist individual investors, institutions and corporate entities with charting and remaining on an investment path. “We are big believers that understanding what’s going on “under the hood” on a regular basis can increase the chances of sticking with a good, consistent saving and investing plan because there are so many other forces at work in our lives – including news headlines – that can sometimes distract us from the task at hand.”