Directories
Managers of Fixed Income
Interactive Statistics: Fixed Income Assets Under Management
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ABERDEEN ASSET MANAGEMENT INC.
Renee Arnold, Head of Business Development - Canada; 161 Bay St., 44th Floor, Toronto, ON M5J 2S1
PH: 416-777-5571
FAX: 866-290-9322
eMail: renee.arnold@aberdeen-asset.com
Web: www.aberdeen-asset.ca
Manager Style: Yield Curve, Credit, Structured Products
Ownership: Principals: 5.8%, Publicly-held: 94.2%
Professional Staff: 135
Established: 1983
Performance Measurement Standards: GIPS
Minimum Investment - Pooled: $5M
Separate: $25M-$50M
ACM ADVISORS LTD.
Chad Mallow, President; 210 - 1140 Homer St., Vancouver, BC V6B 2X6
PH: 604-661-0671
FAX: 604-682-3265
eMail: cmallow@acma.ca
Web: www.acma.ca
Manager Style: Credit
Ownership: Principals
Professional Staff: 8
Established: 1993
Minimum Investment - Pooled: $150,000
ADDENDA CAPITAL INC.
Michel Jalbert, Senior Vice-president, Business Development & Client Partnerships; 800 Rene-Levesque Blvd. W., Ste. 2750, Montreal, QC H3B 1X9
PH: 514-287-7373
FAX: 514-287-7200
eMail: m.jalbert@addenda-capital.com
Web: www.addenda-capital.com
Manager Style: Yield Curve, Credit, Structured Products, Index, Immunized, Liability Driven Investment, Long Bond Provincial Index, Overlay strategies
Passive Management: DEX Long-term Provincial Bond Index
Ownership: Principals: 4.7% Management Principals: 4.7% (Management Shareholders), The Co-operators Financial Services Limited: 73.9%, Fonds de solidarite FTQ: 21.5%
Professional Staff: 25
Established: 1996
Performance Measurement Standards: GIPS, but not been independently verified
Minimum Investment - Pooled: $5M
Separate: $25M
AEGON CAPITAL MANAGEMENT INC.
James Kelly, Senior Vice-president, Institutional Sales; 8th Floor - 5000 Yonge St., Toronto, ON M2N 7J8
PH: 416-883-5797
FAX: 416-883-5790
eMail: melanie.delrio@aegoncapital.ca or andrew.berwick@aegoncapital.ca
Web: www.aegoncapital.ca
Manager Style: Credit
Ownership: Wholly-owned by AEGON Asset Management (Canada) B.V., a wholly-owned subsidiary of AEGON N.V.
Professional Staff: 5
Established: 2001 Minimum Investment - Minimum $10M
Separate: $10M
ALLIANCEBERNSTEIN L.P.
Wendy Brodkin, Managing Director; BCE Place, 161 Bay St., 27th Floor, Toronto, ON M5J 2S1
PH: 416-572-2534
FAX: 212-756-4405
eMail: wendy.brodkin@alliancebernstein.com
Web: www.alliancebernstein.com/institutional
Manager Style: Yield Curve, Credit, Structured Products, Quantitative
Ownership: Principals: 65.5% (AXA Financial, Inc.); Publicly-held: 22.6%; Directors, Officers, and Employees: 11.9%
Professional Staff: 160
Established: 1971
Performance Measurement Standards: The firm has designed its processes and procedures to calculate and present performance results in compliance with Global Investment Performance Standards (GIPS).
Minimum Investment - Pooled: Minimum investment varies by strategy
Separate: Minimum investment varies by strategy
AMI PARTNERS INC.
Craig Labbett, Partner; 26 Wellington St. E., Ste. 800, Toronto, ON M5E 1S2
PH: 416-865-0731
FAX: 416-865-9241
eMail: clabbett@amipartners.com
Web: www.amipartners.com
Manager Style: Multiple Strategies (Duration, Yield Curve, Sector Allocation, Credit Analysis)
Ownership: Principals: 70%, T.D. Bank: 30%
Professional Staff: 3
Established: 1959
Minimum Investment - Pooled: $1M
Separate: $10M
AURION CAPITAL
Gregory Plant, Director, Client Service & Marketing; 120 Adelaide St. W., Ste. 2205, Toronto, ON M5H 1T1
PH: 416-866-2441
FAX: 416-363-6206
eMail: gplant@aurion.ca
Web: www.aurion.ca
Manager Style: Yield Curve, Credit, Duration
Passive Management: Real Return Bonds
Ownership: Principals: 40%, DundeeWealth Inc. (100% owned by Scotiabank): 60%
Professional Staff: 3
Established: 1996
Performance Measurement Standards: The most recent audited year for compliance to GIPS is 2011.
Minimum Investment - Pooled: $2M
Separate: $10M
AVIVA INVESTORS
Doug MacDonald, President – Aviva Investors Canada; 121 King St. W., Ste. 1400, Toronto, ON M5H 3T9
PH: 416-360-2766
FAX: 416-361-2815
eMail: doug.macdonald@avivainvestors.com
Web: www.avivainvestors.com
Manager Style: Credit, Immunized (currently manage Liability-driven investing strategies)
Ownership: Wholly-owned indirect subsidiary of Aviva plc
Professional Staff: 34
Established: 1997
Performance Measurement Standards: All returns are compliant with Global Investment Performance Standards (GIPS). All third-party GIPS performance examinations are verified by Ashland Partners and Company LLP.
Minimum Investment - Separate: $25M
BAKER GILMORE & ASSOCIATES INC.
Brent Wilkins, Head of Institutional Sales – Connor, Clark & Lunn Financial Group (Canada); 1002 Sherbrooke St. W., Ste. 2620, Montreal, QC H3A 3L6
PH: 416-862-2020
FAX: 416-363-2089
eMail: bwilkins@cclgroup.com
Web: www.cclinvest.com
Manager Style: Yield Curve; Credit; Multiple, Diversified Strategies
Ownership: Principals: 50%; Connor, Clark & Lunn Financial Group: 50%
Professional Staff: 6
Established: 1988
Performance Measurement Standards: Global Investment Performance Standards (GIPS)
Minimum Investment - Pooled: $5M
Separate: $10M
BARRANTAGH INVESTMENT MANAGEMENT INC.
Robert Cruickshank, Vice-president, Marketing & Client Service; 100 Yonge St., Ste. 1700, Toronto, ON M5C 2W1
PH: 416-868-6295
FAX: 416-868-6593
eMail: cruickshank@barrantagh.com
Web: www.barrantagh.com
Manager Style: Yield Curve, Credit
Ownership: Principals
Professional Staff: 6
Established: 1995
Performance Measurement Standards: All composite returns are calculated in accordance with the GIPS as outlined by the CFA Institute, but have not been externally verified.
Minimum Investment - Separate: $1M
BEUTEL, GOODMAN & COMPANY LTD.
Peter D. Clarke, Managing Director, Client Service & Marketing; 20 Eglinton Ave. W., Ste. 2000, Toronto, ON M4R 1K8
PH: 416-485-1010
FAX: 416-485-1799
eMail: asokolova@beutelgoodman.com
Web: www.beutelgoodman.com
Manager Style: Yield Curve, Credit, Immunized, Quantitative, Active, Duration, Interest Rate Anticipation, Sector Swapping, Maturity Swapping
Ownership: Principals: 51%; Affiliated Managers Group, Inc. (AMG): 49%
Professional Staff: 7 Established: 1967
Performance Measurement Standards: GIPS
Minimum Investment - Pooled: $5M
Separate: $25M
BMO GLOBAL ASSET MANAGEMENT
Marija Finney, Senior Vice-president, Head of Institutional Sales & Service; 77 King St. W., Ste. 4200, Toronto, ON M5K 1J5
PH: 416-359-5003
FAX: 416-359-5950
eMail: marija.finney@bmo.com
Web: www.bmoglobalassetmanagement.com
Manager Style: Yield Curve and Credit management styles are used for actively managed mandates. Immunized and Indexing styles could be offered if requested.
Passive Management: Currently does not have pension clients in passive management fixed income accounts. However, passive management is offered through their ETF vehicles. The firm offers ETF Market, Government Sectors, Corporate Sectors, Various Target Maturities, and Emerging Markets.
Ownership: BMO Financial Group
Professional Staff: 7
Established: 1982
Minimum Investment - Pooled: No account size minimum; minimum annual fee of $25,000
Separate: $100M
BNP PARIBAS INVESTMENT PARTNERS CANADA LTD.
Simon Segall, CEO; 155 Wellington St. W., Ste. 3110, RBC Centre - Box 149, Toronto, ON M5V 3H1
PH: 416-365-3983
FAX: 416-365-3987
eMail: simon.segall@bnpparibas.com
Web: www.bnpparibas-ip.com
Manager Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative, Global High Yield Bonds, Global Credit, Global Convertible Bonds, Global Emerging Markets Debt, Global Sovereign Bonds, Global Aggregate Bonds, Global Inflation Linked Bonds, Alternative and Structured Fixed Income, US Short Duration Strategies, US Stable Value, US Core, US Inflation Linked Bonds, European Money Market, Eurozone Core Fixed Income, Asia ex-Japan Fixed Income
Ownership: Publicly-held
Professional Staff: 85
Established: 1999
Performance Measurement Standards: The firm is GIPS compliant for the period April 1, 2010 to December 31, 2011.
Minimum Investment - Pooled: $10M
Separate: $50M
BNY MELLON ASSET MANAGEMENT
RichTerres, Managing Director; 320 Bay St., Toronto, ON M5H 4A6
PH: 416-643-6354
FAX: 416-643-5786
eMail: richard.terres@bnymellon.com
Web: www.bnymellon.com
Manager Style: Yield Curve, Credit, Index, Immunized, Quantitative
Ownership: Publicly-held
Professional Staff: 250
Established: 1933
Performance Measurement Standards: GIPS
BRANDES INVESTMENT PARTNERS
Michael Parsons, Director, Institutional Group; 20 Bay St., Ste. 400, Toronto, ON M5J 2N8
PH: 416-306-5653
FAX: 416-306-5750
eMail: michael.parsons@brandes.com
Web: www.brandes.com
Ownership: Principals
Professional Staff: 4
Established: 1997
Minimum Investment - Pooled: $1M
Separate: $25M
BURGUNDY ASSET MANAGEMENT LTD.
Shihab Zubair, Vice-president; 181 Bay St., Ste. 4510, Brookfield Place, Bay Wellington Tower, Toronto, ON M5J 2T3
PH: 416-869-3222
FAX: 416-869-9036
eMail: szubair@burgundyasset.com
Web: www.burgundyasset.com
Manager Style: Yield Curve: 10%, Credit: 80%, Duration: 10%
Ownership: Principals
Professional Staff: 2
Established: 1990
Performance Measurement Standards: GIPS (Global Investment Performance Standards) verified as of December 31, 2011
Minimum Investment - Pooled: $5M
Separate: $10M
CANSO INVESTMENT COUNSEL LTD.
Heather Mason-Wood, Vice-president; 100 York Blvd., Ste. 550, Richmond Hill, ON L4B 1J8
PH: 905-881-8853
FAX: 905-881-1466
eMail: heathermw@cansofunds.com
Web: www.cansofunds.com
Manager Style: Credit
Ownership: Principals
Professional Staff: 19
Established: 1997
Performance Measurement Standards: GIPS
Minimum Investment - Pooled: $500,000
Separate: $10M
CI INSTITUTIONAL ASSET MANAGEMENT
Dustin Hunt, Head of Institutional; 2 Queen St. E., 19th Floor, Toronto, ON M5C 3G7
PH: 416-681-6679
FAX: 416-681-8849
eMail: dhunt@ci.com
Web: www.ciinstitutional.com
Manager Style: Yield Curve, Credit, Structured Products, Immunized
Ownership: Principals: 10%-20%, Bank of Nova Scotia: approx. 37%, Publicly-held: Remainder
Professional Staff: 12
Established: 1999
Minimum Investment - Pooled: $1M
Separate: $50M
CIBC GLOBAL ASSET MANAGEMENT INC.
Taras Klymenko, Vice-president, Institutional Business Development; 161 Bay St., Ste. 2320, Toronto, ON M2J 2S8
PH: 416-214-8338
FAX: 416-364-4472
eMail: taras.klymenko@cibc.ca
Web: www.cibcam.com
Manager Style: Yield Curve, Credit, Index, Immunized, Quantitative, Multi-alpha
Passive Management: DEX Universe Bond Index, DEX Short-term Bond Index, DEX Long-term Bond Index
Ownership: The firm is wholly-owned by the Canadian Imperial Bank of Commerce (CIBC).
Professional Staff: 19
Established: 1972
Performance Measurement Standards: The firm's Performance Department is responsible for ensuring that performance is calculated and composites are maintained in accordance with the CFA Institute's GIPS standards. An external accounting firm verifies annually whether the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and that the firm's policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. The firm has been audited by an independent verifier since 2003. The most recent audit for December 31, 2010 performance data was verified by Vincent Performance Services LLC.
CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD.
Brent Wilkins, Head of Institutional Sales - Connor, Clark & Lunn Financial Group (Canada); 2200-1111 West Georgia St., Vancouver, BC V6E 4M3
PH: 416-869-2020
FAX: 416-363-2089
eMail: bwilkins@cclgroup.com
Web: www.cclinvest.com
Manager Style: Yield Curve, Credit, Quantitative
Ownership: Principals: 71.4%, Firm's Senior Investment Professionals and the Connor, Clark, & Lunn Financial Group: 28.6%
Professional Staff: 11
Established: 1982
Performance Measurement Standards: Global Investment Performance Standards (GIPS)
Minimum Investment - Pooled: $10M
Separate: $15M
CORDIANT CAPITAL INC.
David G. Creighton, President & CEO; #2400 – 1010 Sherbrooke St. W., Montreal, QC H3A 2R7
PH: 514-286-1142
FAX: 514-286-4203
eMail: info@cordiantcap.com
Web: www.cordiantcap.com
Manager Style: Credit
Passive Management:
Ownership: Principals: 38.7%, Third Party: 61.3%
Professional Staff: 12
Established: 1999
Performance Measurement Standards: Libor Spread
Minimum Investment - Pooled: $10M
FIERA CAPITAL CORPORATION
David Pennycook, Vice-chairman & Executive Vice-president, Institutional Markets; 1501 McGill College Ave., Ste. 800, Montreal, QC H3A 3M8 or 1 Adelaide St. E., Ste. 600, Toronto, ON M5C 2W5
PH: 514-954-3300 or 416-364-3711
FAX: 514-954-3325 or 416-955-4877
eMail: dpennycook@fieracapital.com
Web: www.fieracapital.com
Manager Style: Yield Curve, Credit, Structured Products, Index, Immunized, Multi-strategy Active Fixed Income approach
Ownership: Principals: 28%, Publicly-held: 26%, Canadian Financial Institutions (Partners and Silent Shareholders): 46%
Professional Staff: 14
Established: 2003
Performance Measurement Standards: The firm has always operated under the GIPS guidelines in measuring the performance of its strategies, requiring an external audit to be conducted on their processes and historical performance figures. The firm recently hired Deloitte to carry out this final step and expects it to be completed in the next 3-6 months
Minimum Investment - Pooled: $5M
Separate: $20M
FOYSTON, GORDON & PAYNE INC.
David Adkins, Senior Vice-president; 1 Adelaide St. E., Toronto, ON M5C 2V9
PH: 416-362-4725
FAX: 416-367-1183
eMail: mciafardoni@foyston.com
Web: www.foyston.com
Manager Style: Yield Curve - 10%, Credit - 20%, Duration - 50%, Sector - 20%
Ownership: Principals - 36.3%, Affiliated Managers Group (AMG) - 63.7%
Professional Staff: 4
Established: 1980
Performance Measurement Standards: Caims cimpliance with the Global Investment Performance Standards (GIPS) on a firm-wide basis. Deloitte LLP has audited the compliance with the GIPS standards on a firm-wide basis. This audit covers the period from January 1, 2000 to December 31, 2011.
Minimum Investment - Pooled: $10M
Separate: $10M
FRANKLIN TEMPLETON INSTITUTIONAL
Duane Green, Head of Institutional – Canada; 200 King St. W., Toronto, ON M5H 3T4
PH: 416-957-6000
FAX: 416-364-6643
eMail: dgreen2@franklintempleton.ca
Web: www.franklintempletoninstitutional.ca
Ownership: Principals: 36%, Publicly-held: 64%
Professional Staff: 148
Established: 1971 (Fixed Income Group)
Performance Measurement Standards: GIPS
Minimum Investment - Pooled: $1M
Separate: $20M-$100M (depending on mandate)
GLC ASSET MANAGEMENT GROUP LTD.
Craig Christie and Rick Lewis, Vice-presidents, Institutional Investment Counselling; 100 Osborne St. N., Winnipeg, MB R3C 3A5
PH: 204-946-7988
eMail: glcinstitutional@glc-amgroup.com
Web: www.glc-amgroup.com
Manager Style: Yield Curve, Credit, Index, Quantitative, Interest Rate Anticipation
Passive Management: DEX Universe Index
Ownership: Wholly-owned by The Great-West Life Assurance Company, controlled by Power Financial Group through its ownership of Great-West Lifeco.
Professional Staff: 9
Established: 2011
Performance Measurement Standards: Values of funds are determined daily by the Segregated Funds Financial Services department
Minimum Investment - Pooled: $1M
Separate: $10M (Mortgage: $50M)
GREYSTONE MANAGED INVESTMENTS INC.
Louis R. Martel, Managing Director & Chief Client Strategist; 300 Park Centre, 1230 Blackfoot Dr., Regina, SK S4S 7G4
PH: 800-213-4286
FAX: 306-584-1570
eMail: louis.martel@greystone.ca
Web: www.greystone.ca
Manager Style: Yield Curve
Ownership: Third party owners consist of Three Founding Clients
Professional Staff: 8
Established: 1988
Performance Measurement Standards: The firm prepares and presents its performance in compliance with Global Investment Performance Standards and has been externally verified.
Minimum Investment - Pooled: $20M
Separate: $50M
GUARDIAN CAPITAL LP
Robert Broley, Senior Vice-president; 199 Bay St., Commerce Court W., Ste. 3100, Toronto, ON M5L 1E8
PH: 416-947-4086
FAX: 416-364-9634
eMail: rbroley@guardiancapital.com
Web: www.guardiancapital.com
Manager Style: Yield Curve, Credit, Structured Products, Immunized, Quantitative
Ownership: The firm is wholly-owned by Guardian Capital Group Limited
Professional Staff: 6
Established: 1962
Performance Measurement Standards: GIPS
Minimum Investment - Pooled: $1M
Separate: Varies by mandate
HORIZON 360° ET ASSOCIES INC.
Francoys Viau, President; 61 Cameron, Ste. 250, Hudson, QC J0P 1H0
PH: 450-458-0930
FAX: 450-458-7562
eMail: horizon1@videotron.ca
Manager Style: Yield Curve
Ownership: Principals
Professional Staff: 2
Established: 1998
Minimum Investment - Separate: $20M
INDUSTRIAL ALLIANCE
Renee Laflamme, Vice-president, Group Saving & Retirement; 1080 Grande Allee W., Quebec City, QC G1K 7M3
PH: 418-684-5252
FAX: 418-684-5187
eMail: renee.laflamme@inalco.com
Web: www.inalco.com
Manager Style: Yield Curve, Immunized
Ownership: Publicly-held
Professional Staff: 7
Established: 1892
Performance Measurement Standards: Not GIPS compliant
Minimum Investment - Pooled: Minimum annual fees will apply
Separate: $25M
INTEGRA CAPITAL LIMITED
Charles Swanepoel, Co-chief Investment Officer & Portfolio Manager; 2020 Winston Park Dr., Oakville, ON L6H 6X7
PH: 905-829-1131
FAX: 905-829-2726
eMail: contactus@integra.com
Web: www.integra.com
Manager Style: Yield Curve, Credit
Ownership: Principals: 90.5%, Gryphon Investment Counsel: 9.5%
Professional Staff: 31
Established: 2002 – Parent Company Integra Capital Management Corporation – 1987
Performance Measurement Standards: Adopted internal and customized codes of ethics; requires and obtains quarterly sign off that its sub-advisors adhere to the CFA Code of Ethics and Standards of Professional Conduct; claims compliance with Global Investment Performance Standards (GIPS)
Minimum Investment - Pooled: $1M
Separate: $100M
INVESCO LTD.
Joe Di Massimo, Senior Vice-president; 120 Bloor St. E., Ste. 700, Toronto, ON M4W 1B7
PH: 416-324-7442
FAX: 416-590-7742
eMail: joe.dimassimo@invesco.com
Web: www.institutional.invesco.ca
Manager Style: Yield Curve, Credit
Ownership: Principals: 8%, Publicly-held: 92%
Professional Staff: 172
Established: 1935
Minimum Investment - Pooled: $2M
Separate: $25M
J. ZECHNER ASSOCIATES INC.
David Cohen, President; 200 Bay St., Toronto, ON M5J 2J2
PH: 416-867-8649
FAX: 416-867-8705
eMail: dcohen@jzechner.com
Web: www.jzechner.com
Manager Style: Yield Curve, Credit, Interest Rate Anticipation, Sector Selection
Ownership: Principals
Professional Staff: 5
Established: 1993
Performance Measurement Standards: CFA Institute
Minimum Investment - Separate: $20M
JARISLOWSKY FRASER LIMITED
Peter Godec, Partner; 20 Queen St. W., Ste. 3000, Toronto, ON M5H 3R3
PH: 416-363-7417
FAX: 416-363-8079
eMail: pgodec@jfl.ca
Web: www.jfl.ca
Manager Style: Yield Curve: 25%, Credit: 75%
Ownership: Principals (100% Partners)
Professional Staff: 3 plus input from other investment team members on corporate bonds and overall strategy
Established: 1955
Minimum Investment - Pooled: $1M
Separate: $15M-$20M (less for special circumstances)
LEGG MASON CANADA INC.
David Gregoire, Managing Director, Head of Distribution; 220 Bay St., 4th Floor, Toronto, ON M5J 2W4
PH: 416-594-2979
FAX: 416-860-0628
eMail: ddgregoire@leggmasoncanada.com
Web: www.leggmasoncanada.com
Manager Style: Yield Curve, Credit
Ownership: Publicly-held
Professional Staff: 140
Established: 1899
Performance Measurement Standards: GIPS
Minimum Investment - Pooled: $1M
Separate: $25M
LINCLUDEN INVESTMENT MANAGEMENT
Wayne Wilson, Vice-president; 1275 North Service Rd. W., Ste. 607, Oakville, ON L6M 3G4
PH: 905-825-3543
FAX: 905-825-9525
eMail: wayne.wilson@lincluden.net
Web: www.lincluden.com
Manager Style: Value
Ownership: Principals
Professional Staff: 2
Established: 1982
Performance Measurement Standards: The firm's results cannot be considered GIPS compliant at this time. The GIPS methodology is used, though the presentation and reporting requirements have not been met and there has been no third party verification of results.
Minimum Investment - Pooled: $150,000
Separate: $2M
LORICA INVESTMENT COUNSEL INC.
Joanne Nahibuan, Office Manager; 119 Spadina Ave., Ste. 203, Toronto, ON M5V 2L1
PH: 647-776-8107
FAX: 416-850-5393
eMail: joanne.nahibuan@loricaic.com
Web: www.loricaic.com
Manager Style: Yield Curve, Credit, Index, Immunized, Quantitative
Ownership: Principals
Professional Staff: 3
Established: 2010
Minimum Investment - Separate: $5M
MANULIFE ASSET MANAGEMENT
Adam Neal, Head of Canadian Sales & Relationship Management; NT6 - 200 Bloor St. E., Toronto, ON M4W 1E5
PH: 416-852-7498
FAX: 416-926-5700
eMail: adam_neal@manulifeam.com
Web: www.manulifeam.com
Manager Style: Yield Curve, Credit, Index, Immunized
Passive Management: DEX Universe Bond
Ownership: Manulife Financial Corporation
Professional Staff: 14
Established: 1949 (Manulife Asset Management Limited)
Performance Measurement Standards: GIPS
Minimum Investment - Pooled: $5M
Separate: Equity: $10M, Fixed Income: $25M
MARRET ASSET MANAGEMENT INC.
Kathleen Cooney, Head of Operations; 200 King St. W., Ste. 1902, Toronto, ON M5H 3T4
PH: 416-214-5800
FAX: 647-439-6471
eMail: info@marret.com
Web: www.marret.com
Manager Style: Credit
Ownership: Principals
Professional Staff: 10
Established: 2001
Minimum Investment - Pooled: $2M
Separate: $25M
MAWER INVESTMENT MANAGEMENT LTD.
Jamie Hyndman, Director of Strategic Business Development; 900, 603 7th Ave. S.W., Calgary, AB T2P 2T5
PH: 403-267-1974 or 800-889-6248
eMail: jhyndman@mawer.com
Web: www.mawer.com
Manager Style: Credit
Ownership: Principals
Professional Staff: 2
Established: 1974
Minimum Investment - Pooled: $1M
Separate: $50M
MFS MCLEAN BUDDEN
Christine Girvan, Managing Director, Sales, Canada; 77 King St. W., 35th Floor, Toronto, ON M5K 1B7
PH: 416-361-7273
FAX: 416-862-0167
eMail: cgirvan@mfsmb.com
Web: www.mcleanbudden.com or www.mfs.com
Manager Style: Interest Rate Anticipation, Yield Curve Positioning, Yield Enhancement, U.S. Pay Strategy
Ownership: Principals: 22% – Under the MFS Equity Plan, up to 22% of its common stock is available for ownership by MFS investment professionals, management, and other key employees, with the remaining portion owned by MFS' parent company (on a fully diluted basis), Sun Life Financial, Inc.
Professional Staff: 63
Established: 1924
Performance Measurement Standards: GIPS
Minimum Investment - Pooled: $3
MONTRUSCO BOLTON INVESTMENTS INC.
Richard Guay, Senior Vice-president; McGill College, Montreal, QC H3A 3M8
PH: 518-282-5465
FAX: 514-282-2516
eMail: guayr@montruscobolton.com
Web: www.montruscobolton.com
Manager Style: Yield Curve, Credit
Ownership: Principals: 30%, AMG: 45%, Fonds de solidarite FTQ: 25%
Professional Staff: 3
Established: 1946
Performance Measurement Standards: Performance is computed using GIPS standards
Minimum Investment - Pooled: $150,000
NORTHERN TRUST
David Lester, Vice-president; 1910-145 King St. W., Toronto, ON M5H 1J8
PH: 416-775-2215
eMail: david.lester@ntrs.com
Web: www.northerntrust.com
OPTIMUM ASSET MANAGEMENT
Patrick Lamontagne, Senior Vice-president, Development; 425 de Maisonneuve Blvd. W., Montreal, QC H3A 3G5
PH: 514-288-7545
FAX: 514-288-4280
eMail: plamontagne@optimumasset.com
Web: www.optimumasset.com
Manager Style: Yield Curve, Credit, Immunized, Quantitative
Passive Management: DEX Universe, DEX Universe Long-term, DEX Universe Long-term – Provincial, DEX Universe Long-term – Government
Ownership: The firm is 100% held by the Optimum Group.
Professional Staff: 8
Established: 1981
Minimum Investment - Pooled: $2M
Separate: $15M
PHILLIPS, HAGER & NORTH INVESTMENT MANAGEMENT*
John Skeans, Vice-president; 20th Floor - 200 Burrard St., Vancouver, BC V6C 3N5
PH: 604-408-6000
FAX: 604-685-5712
eMail: info@phn.com
Web: www.phn.com
Manager Style: Yield Curve, Credit, Structured Products, Immunized
Passive Management:
Ownership: Publicly-held
Professional Staff: 34
Established: 964
Performance Measurement Standards:
Minimum Investment - Pooled: $5M
Separate: $25M
*Operating division within RBC Global Asset Management Inc.
PIMCO CANADA CORP.
Andrew Forsyth, Senior Vice-president; 199 Bay St., Ste. 2050, Commerce Court Station, Box 363, Toronto, ON M5L 1G2
PH: 416-368-3349
FAX: 416-368-3576
eMail: andrew.forsyth@pimco.com
Web: www.pimco.ca
Manager Style: Active Bond Management with a long-term focus; utilizes all major sectors of the bond market while managing Duration within a moderate range around the benchmark
Ownership: The firm is an indirect subsidiary of PIMCO. PIMCO is a limited liability company that is majority owned by its subsidiary, Allianz Global Investors of America LP ("AGI").
Professional Staff: 695
Established: PIMCO Canada: 2004, Pacific Investment Management Company, LLC (PIMCO): 1971
Performance Measurement Standards: The firm is in compliance with the Global Investment Performance Standards (GIPS).
Minimum Investment - Pooled: $5M
Separate: $75M
PYRAMIS GLOBAL ADVISORS (CANADA)*
Michael Barnett, Executive Vice-president, Institutional Distribution; 483 Bay St., Toronto, ON M5G 2N7
PH: 416-217-7773
FAX: 416-307-5349
eMail: michael.barnett.pyr@pyramis.com
Web: www.pyramis.ca
Manager Style: Yield Curve, Credit, Structured Products
Ownership: Principals
Professional Staff: 209
Established: 2005
Performance Measurement Standards: The firm claims compliance with the Global Investment Performance Standards (GIPS).
Minimum Investment - Pooled: $7.5M
Separate: $100M – Minimum investment for their Canadian Fixed Income strategies
*A Fidelity Investments Company
RUSSELL INVESTMENTS CANADA LIMITED
Dexton Blackstock, Director, Head of Institutional Business Development; 100 King St. W., Ste. 5900, Toronto, ON M5X 1E4
PH: 416-640-6202
FAX: 416-362-4494
eMail: dblackstock@russell.com
Web: www.russell.com/ca
Manager Style: Yield Curve, Credit, Structured Products, Global Bonds (Currency Hedged)
Ownership: Principals: 2%, Northwestern Mutual: 93%, Nippon Life Insurance Company of Japan: 5%
Professional Staff: Global: 23, Canada: 2
Established: Russell Investments: 1936, Russell Investments Canada: 1985
Minimum Investment - Pooled: $10M
SCOTIA ASSET MANAGEMENT L.P. – GLOBAL INSTITUTIONAL
Ron Smith, Head & Vice-president, Institutional Sales; 40 King St. W., Ste. 5200, Toronto, ON M5H 1H1
PH: 416-933-0685
FAX: 416-933-7490
eMail: ron_smith@scotiaam.com
Web: www.scotiabank.com/ca/en
Manager Style: Yield Curve, Credit, Immunized - The foundation of the firm's fixed income investment process blends yield curve positioning, the general level of interest rates and the addition of income and return from investing in high quality corporate issues. This approach blends a top down macro approach used to analyze the yield curve and general level of interest rates with a bottom-up approach to credit analysis, which includes both economic sector and security selection.
Ownership: Principals – 100% owned by Scotiabank Group
Professional Staff: 7
Established: 2009 – It's predecessor, Scotia Cassels, was incorporated in 1998
Minimum Investment - Pooled: $10M
Separate: $7.5M
SEAMARK ASSET MANAGEMENT LTD.
Remi Roger, Vice-president & Head of Fixed Income; 1801 Hollis St., Ste. 310, Halifax, NS B3J 3N4
PH: 902-423-9367
FAX: 902-423-1518
eMail: rroger@seamark.ca
Web: www.seamark.ca
Manager Style: Yield Curve
Ownership: Wholly-owned subsidiary of Matrix Asset Management Ltd. Senior members of the firm's investment team hold a 35% equity interest in the firm.
Professional Staff: 2
Established: 1982
Minimum Investment - Pooled: $150,000
Separate: $1M
SEI
Michael Chwalka, Head of Institutional Sales; 70 York St., Ste. 1600, Toronto, ON M5J 1S9
PH: 416-847-6370
FAX: 416-777-9093
eMail: mchwalka@seic.com
Web: www.seic.com
Manager Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative
Ownership: Publicly-held
Professional Staff: 13
Established: 1968
Performance Measurement Standards: Follows GIPS standards in calculating performance returns for clients. Because their investment vehicles consist of registered mutual funds that are governed by National Instrument rules, the firm has not sought GIPS verification via an external audit and does not claim compliance with GIPS.
Minimum Investment - Pooled: $10M
Separate: $10M
STANDARD LIFE INVESTMENTS INC.
Jay Waters, Vice-president, Central Canada; 121 King St. W., Ste. 810, Toronto, ON M5H 3T9
PH: 416-367-2049
eMail: jay.waters@standardlife.ca
Web: www.sli.ca
Manager Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative, Global Index Linked Bonds Strategies, Global Credit, Global High Yield Bonds, Absolute Return Global Bonds Strategy
Passive Management: DEX Universe Bond Index, DEX Real Return Bond Index, DEX Long Bond Index, DEX 91-Day T-Bills, Customized Benchmarks (LDI)
Ownership: Third Party
Professional Staff: 9
Established: 1973
Minimum Investment - Pooled: $5,000 minimum fee
Separate: $10M
STATE STREET GLOBAL ADVISORS, LTD.
Randy Oswald, Vice-president; 30 Adelaide St. E., Ste. 500E, Toronto, ON M5C 3G6
PH: 647-775-7789
FAX: 416-775-7264
eMail: randy_oswald@ssga.com
Web: www.ssga.com/canada
Manager Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative, Global Bond Strategies
Passive Management: Canada: DEX Universe Bond Index, DEX Overall Long-term Universe Index, DEX Overall Short-term Universe Index, DEX Long-term Government Bond Index, DEX Real Return Bond Index
Ownership: Principals: <5%, Publicly-held: >95%
Professional Staff: Canada: 7, Global: 118
Established: Canada: 1990, Global: 1978
Performance Measurement Standards: The firm is compliant with the CFA Institute's Global Investment Performance Standards (GIPS).
T. ROWE PRICE
Bruce Winch, Director, Business Development, T. Rowe Price (Canada), Inc.; 161 Bay St., Ste. 2700, Toronto, ON M5J 2S1
PH: 416-572-2582
FAX: 416-572-4085
eMail: bruce_winch@troweprice.com
Web: www.troweprice.com
Manager Style: Credit – The firm implements a Bottom-up, Fundamental investment approach across all their Fixed Income strategies, performing deep and focused credit research.
Passive Management: Barclays Capital U.S. Aggregate Bond Index (TRP US Bond Index Fund)
Ownership: The firm is a publicly-traded company with substantial employee ownership. Presently, shares are owned outright by associates, combined with vested, but unexercised, options totaling approximately 15-20% of the firm's equity.
Professional Staff: 146
Established: 1937
Performance Measurement Standards: The firm has prepared and presented its report in compliance with the Global Investment Performance Standards (GIPS) and TRPA and TRPI have been independently verified for the 10-year period ended June 30, 2012 by KPMG LLP.
Minimum Investment - Pooled: Varies by strategy and product
Separate: Varies by strategy and product
TD ASSET MANAGEMENT INC.*
Tim Thompson, Chief Operating Officer; 161 Bay St., 33rd Floor, TD Canada Trust Tower, Toronto, ON M5J 2T2
PH: 416-982-6346
eMail: timothym.thompson@tdam.com
Web: www.tdaminstitutional.com
Manager Style: Yield Curve, Credit, Structured Products, Index, Immunized, Duration Extension, High Yield, Active Fundamental – The firm offers Index and Fundamental Fixed Income Management.
Passive Management: DEX Universe Bond, DEX 20+ Strip Bond Index, DEX Real Return Bond, DEX Long Bond, DEX Long Government Bond, DEX Corporate Bond, DEX Government Bond, DEX Provincial Long Bond
Ownership: The firm is a wholly-owned subsidiary of The Toronto-Dominion Bank.
Professional Staff: 43
Established: 1987
Performance Measurement Standards: The firm prepares and presents performance of its institutional products/accounts in compliance with the Global Investment Performance Standards (GIPS) but has not been independently verified.
Minimum Investment - Pooled: $25,000 minimum fee
Separate: Active: $50M, Passive: $200M
* A Wholly-owned subsidiary of the Toronto-Dominion Bank
WELLINGTON MANAGEMENT COMPANY, LLP
Susan M. Pozer, Vice-president; 280 Congress St., Boston, MA 02210
PH: 617-951-5000
FAX: 617-263-4100
eMail: mig@wellington.com or smpozer@wellington.com
Web: www.wellington.com
Manager Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative, Canadian Universe Bond Plus and Canadian Long Bond Plus, as well as both Regional Investment Grade and non-investment grade approaches available across the Duration spectrum (e.g. Money Market, Short, Intermediate, Market, Long, etc.) Specialized approaches include Credit (both Country-specific and Global), Mortgage-backed, Municipal, Emerging Markets Debt, Multi-currency
Ownership: Principals
Professional Staff: 192
Established: 1928
Performance Measurement Standards: GIPS
Minimum Investment - Pooled: $5M
Separate: Varies
