McElvaine Investment Management Ltd. recently released its “Value Fund” second-quarter 2026 investor letter. The Fund navigated a fragile investment environment in the first half of 2026, with management emphasizing deep-value investing, balance-sheet resilience, and a margin of safety rather than following popular market themes. The Fund’s Series A and F units gained 7.3% through June 30, while Series B units rose 7.1% net of fees and expenses, trailing the 11.2% gain in the S&P/TSX Index...
