ONE OF THE COUNTRY’S largest institutional investors says there are increasing signs that companies in Barbados are trending in a positive direction after years of decline.
Fortress Fund Managers had this view of economic activity in Barbados but at the same time, the company, which has hundreds of millions of dollars invested, revealed that many of its clients were concerned about the impact of Standard & Poor’s downgrades on their investments.
“From our position as investors, we are seeing some encouraging signs that companies’ operations are stabilising and in some cases showing improvement from a low base after a number of years of declines. Individuals and companies seem to be adapting to the more challenging circumstances, and in some cases they are doing it successfully,” Fortress said in its review of the 2014 financial year. (GE)
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