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Benefits Canada 2007 money managers direCtoryBenefits Canada 2007 money managers direCtory

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aBerdeen asset management1735 market st., 37th fl., Philadelphia 19103Chief client contact: renee arnold, senior manager, institutional business development, canada, (219) 922-0600, fax: (219) 922-0606e-mail: [email protected] site: www.aberdeen-asset.comtotal canadian assets managed: $738.9 milPension assets: $518.9 mil (pooled $118.5 mil, segregated $400.4 mil)Pooled funds: $104.9 mil (global equity $30.1 mil, active; emerging markets $74.8 mil)clients: pooled 4, segregated 2firm’s ownership: Publicly listed company

aBn amro asset management Canada ltd.ste. 1500, 79 Wellington st. W., Po box 114, td centre, toronto m5K 1G8Chief client contact: christine Girvan, chief executive officer, (416) 365-6785, fax: (416) 365-2945e-mail: [email protected] site: www.asset.abnamro.catotal canadian assets managed: $1,113.8 milPension assets: $177.5 mil (pooled $177.5 mil) mutual fund assets: $804.7 milinsurance co. segregated funds: $32.9 milPooled funds: $177.5 mil (real estate equity $85.4 mil; balanced/life cycle $92.1 mil)assets under specialist management: $180.5 mil (real estate equity $88.4 mil, 3 mandates; balanced/life cycle $92.1 mil, 1 mandate)clients: pooled 4international portfolio managers: 128international research staff: 100Location: amsterdam, London, Hong Kong, chicago, singapore, atlantainternational mandates offered: global equity; global fixed income; emerging markets fixed income; emerging markets equity; structured & alternative investment solutions; active currency management; life cycle fundsfirm’s ownership: Wholly owned subsidiary of a financial institutionas a global manager abn amro offers capabilities in all major asset classes and a range of products from fundamentally driven to quantitative processes. the firm adds value by offering risk-controlled outperformance within each client’s constraints.

aCadia inVestments inC.295, boul. saint-Pierre W., Po box 5554, caraquet, nb e1W 1b7Chief client contact: bruno noel, assistant portfolio manager, (506) 726-4210, fax: (506) 726-8218e-mail: [email protected] canadian assets managed: $349.3 milPension assets: $105.2 mil (pooled $86.2 mil, segregated $19 mil)insurance co. segregated funds: $51.7 milPooled funds: $86.2 mil (cdn. equity $37 mil, active; U.s. equity $4.3 mil, active; cdn. bonds $35.2 mil, active; money market $9.7 mil)assets under specialist management: $14.6 mil (U.s. equity $14.6 mil, 1 mandate, active)clients: pooled 4, segregated 1domestic portfolio managers: 1domestic research staff: 1acadia applies a value-oriented, conservative approach to the active management

of pension, insurance, endowment and corporate assets. the firm anticipates changing market influences and sentiment. by managing growth, it maintains a low client-to-manager ratio.

aCadian asset managementone Post office square, boston 02109Chief client contact: churchill franklin, executive vice-president, (617) 850-3500, fax: (617) 850-3501e-mail: [email protected] site: www.acadian-asset.comtotal canadian assets managed: $4,609.1 milPension assets: $2,809.4 mil (pooled $436.9 mil, segregated $2,372.5 mil)Pooled funds: $168.3 mil (global equity $168.3 mil, active)clients: pooled 3, segregated 5domestic portfolio managers: 13domestic research staff: 9international portfolio managers: 14international research staff: 12Location: boston, singaporeinternational mandates offered: U.s. equity; U.s. small-cap equity; U.s. value equity; U.s. beta; non-U.s. concentrated equity; non-U.s. equity; non-U.s. small-cap equity; global equity; global beta; global beta; non-U.s. all-cap equity; acWi ex-U.s. equity; european equity; european equity ex-UK; emerging markets equity; Japanese equity; european beta; acWi ex-U.s. beta; emerging markets debt firm’s ownership: Wholly owned subsidiary of a financial institutionacadian focuses on an active, bottom-up investment process. the firm’s approach is highly structured and disciplined, using a wide range of stock, region and industry-based factors to arrive at return forecasts for over 25,000 stocks worldwide.

aCm adVisors ltd.210 - 1140 Homer st., vancouver v6b 2X6Chief client contact: audrey Howe, president, (604) 661-0652, fax: (604) 682-3265e-mail: [email protected] site: www.acma.catotal canadian assets managed: $814.9 milPension assets: $799.8 mil (pooled $799.8 mil) mutual fund assets: $15.1 milPooled funds: $799.8 mil (real estate mortgage $799.8 mil)clients: pooled 27firm’s ownership: Wholly owned by principalsacm advisors provides alternative fixed income investment opportunities for pension plans through mortgage funds. the firm provides loan origination, underwriting, administration, portfolio management and investor services.

aCuity inVestment management inC.40 King st. W., scotia Plaza, 55th fl., toronto m5H 3Y2Chief client contact: michael Peck, vice-president, institutional, (416) 366-1737, fax: (416) 366-7891e-mail: [email protected] site: www.acuityfunds.com

total canadian assets managed: $7,360.1 milPension assets: $697.4 mil (pooled $130.2 mil, segregated $567.2 mil)mutual fund assets: $3,907.5 milinsurance co. segregated funds: $30.9 milPooled funds: $130.2 mil (cdn. equity $5.7 mil, active; cdn. equity $30.9 mil, small cap; cdn. bonds $1.7 mil, active; income trust $35.7 mil; balanced $56.2 mil)assets under specialist management: $567.2 mil (cdn. equity $473.7 mil, 1 mandate, active; balanced $93.5 mil, 1 mandate)clients: pooled 10, segregated 2domestic portfolio managers: 6domestic research staff: 6firm’s ownership: Wholly owned by principalsacuity is a value-conscious growth manager. acuity’s investment philosophy is consistent across all of its mandates: the firm purchases reasonably valued securities with strong growth characteristics to hold over the mid- to long term.

addenda CaPital inC.ste. 2750, 800 boul. rené-Lévesque ouest, montreal H3b 1X9Chief client contact: nathalie simard, vice-president, marketing and communications, (514) 287-7373, fax: (514) 287-7200e-mail: [email protected] site: www.addenda-capital.comtotal canadian assets managed: $27,776 milPension assets: $17,479 mil (pooled $1,249 mil, segregated $16,230 mil)mutual fund assets: $4,580 milPooled funds: $1,249 mil (cdn. bonds $1,125 mil, active; cdn. bonds - enhanced index $82 mil; cdn. bonds - multi-strategy $42 mil)assets under specialist management: $16,229 mil (cdn. bonds $8,997 mil, 34 mandates, active; cdn. bonds $780 mil, 5 mandates, immunized/dedicated; cdn. bonds - multi-strategy $101 mil, 10 mandates; global $46.6 mil, 8 mandates; cdn. bonds - short-term $495.2 mil, 9 mandates; cdn. bonds - long-term $5,775.2 mil, 32 mandates; balanced $34 mil, 1 mandate)clients: pooled 39, segregated 99domestic portfolio managers: 12domestic research staff: 5international portfolio managers: 1international research staff: 1Location: montrealinternational mandates offered: addenda global bond pooled fundfirm’s ownership: 20% employees/80% Publicaddenda specializes in fixed income security management where it has developed advanced expertise. addenda’s success lies in its ability to anticipate interest rate evolution based on macroeconomic analysis and quantitative research.

adroit inVestment management ltd.2020 scotia Pl., 10060 Jasper ave., edmonton t5J 3r8Chief client contact: valmon vaillant, president, (780) 429-3500, fax: (780) 429-9680e-mail: [email protected] site: www.adroitinvestments.catotal canadian assets managed: $733 mil

Benefits Canada 2007 money managers direCtory

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Pension assets: $19 mil (segregated $19 mil)mutual fund assets: $37 milassets under specialist management: $19 mil (balanced $19 mil, 5 mandates)clients: segregated 5domestic portfolio managers: 4domestic research staff: 1firm’s ownership: Wholly owned by principalsthe investment strategy is a marriage of a top-down approach for asset mix and a bottom-up approach for security selection. both absolute and relative analysis are done since preservation of capital in real terms is a high priority.

aegon CaPital management inC.5000 Yonge st., 8th fl., toronto m2n 7J8Chief client contact: Jock fleming, chief operating officer, (416) 883-5800, fax: (416) 883-5790e-mail: [email protected] site: www.aegoncapital.catotal canadian assets managed: $8,890 milPension assets: $59.7 mil (pooled $59.7 mil) mutual fund assets: $294.4 milinsurance co. segregated funds: $2,523.1 milPooled funds: $59.7 mil (cdn. equity $59.7 mil, active)clients: pooled 1domestic portfolio managers: 2domestic research staff: 3firm’s ownership: Wholly owned subsidiary of a financial institutionindividual bottom-up security selection is the cornerstone of the firm’s investment approach. the firm adds value by identifying growth companies with attractive relative market valuations. fundamental credit analysis is its approach for fixed income.

agf management limitedtoronto-dominion centre, Po box 50, toronto m5K 1e9Chief client contact: Gary Wing, senior vice-president and global head of institutional account services, (888) 424-3477e-mail: [email protected] site: www.agf.comtotal canadian assets managed: $43,887.3 milPension assets: $21.9 mil (pooled $21.9 mil) mutual fund assets: $29,288.2 milinsurance co. segregated funds: $79.5 milPooled funds: $21.9 mil (cdn. equity $21.9 mil, small cap)clients: pooled 1domestic portfolio managers: 5domestic research staff: 9international portfolio managers: 10international mandates offered: eafe equity; global equity; european equity; Japanese equity; U.s. equity; asian equity; chinese equity; emerging markets equity; German equityfirm’s ownership: Publicly ownedaGf employs a disciplined approach to selecting stocks with promising potential. investment decisions are based on hard data and an uncompromising commitment to selecting and holding securities that meet rigorous investment criteria.

aig inVestments70 Pine st., 12th fl., new York 10270Chief client contact: david cottingham, vice-president, (212) 770-9100, fax: (212) 770-9491e-mail: [email protected] site: www.aiggig.com

total canadian assets managed: $5,285.4 milPension assets: $519.8 mil (pooled $115.8 mil, segregated $404 mil)insurance co. segregated funds: $4,765.7 milPooled funds: $115.8 mil (cdn. equity $30 mil, active; cdn. equity $37.5 mil, small cap; cdn. bonds $8.3 mil, active; balanced $40 mil)assets under specialist management: $415 mil (non-n.a. equity $36 mil, 1 mandate, active; private equity $28 mil, 1 mandate; infrastructure $340 mil, 5 mandates; balanced $11 mil, 1 mandate)clients: pooled 2, segregated 5domestic portfolio managers: 2domestic research staff: 1international portfolio managers: 212international research staff: 222Location: atlanta, bangkok, barcelona, berlin, birmingham, bucharest, budapest, buenos aires, dallas, dublin, Geneva, Hartford, Hong Kong, Houston, istanbul, Jakarta, Johannesburg, Kuala Lumpur, London, Los angeles, madrid, manila, melbourne, mexico city, milan, moscow, mumbai, nairobi, new York, Prague, rome, san francisco, san Juan, santiago, sao Paolo, seoul, shanghai, singapore, stockholm, stowe, taipei, tokyo, toronto, vienna, Warsaw, Zurichinternational mandates offered: global country and regional equity; U.s. equity; eafe equity; Japan equity; private equity; infrastructure; international small cap; emerging markets equity; real estate; hedge fund of funds; global country and regional fixed income; investment-grade fixed income; emerging markets bonds; high-yield bond; leveraged buy-out; mezzanine; secondaries.firm’s ownership: aiGGiG is a wholly owned subsidiary of aiG.aiGGiG’s objective is to aim to consistently meet and exceed its clients’ long-term expectations by providing integrated strategies and enhanced investment results at the highest level across a full complement of investment products.

aim trimarK inVestmentsste. 700, 120 bloor st. e., toronto m4W 1b7Chief client contact: bruce Winch, vice-president, institutional investments, (416) 324-7448, fax: (416) 324-6191e-mail: [email protected] canadian assets managed: $51,301 milPension assets: $5,468 mil (pooled $5,468 mil) mutual fund assets: $42,276 milinsurance co. segregated funds: $3,557 milPooled funds: $5,350 mil (cdn. equity $1,278 mil, active; U.s. equity $27 mil, active; global equity $1,408 mil, active; cdn. bonds $158 mil, active; balanced $2,479 mil)domestic portfolio managers: 8domestic research staff: 4international portfolio managers: 12Location: torontointernational mandates offered: U.s. equity; eafe equityfirm’s ownership: Publicly traded company with 20% of the shares owned by the principals of the firm.Using a fully bottom-up approach to analyzing companies, the portfolio management teams seek to generate alpha over the long term by identifying high-quality businesses that are attractively priced relative to their prospective earnings, cash flow and valuation record. the teams focus on companies that are industry leaders, have

strong growth potential and stable financial structures. Portfolio risk is minimized by way of thorough and ongoing research, establishing a margin of safety by investing in securities at discounted prices, and adhering to a disciplined investment process.

allianCeBernstein1345 avenue of the americas, new York 10105Chief client contact: sandra nuttall, director, client relations and president of alliancebernstein canada, inc., (212) 969-1000, fax: (212) 756-4558e-mail: [email protected] site: www.alliancebernstein.com/institutionaltotal canadian assets managed: $33,938 milPension assets: $28,535 mil (pooled $3,392 mil, segregated $25,143 mil)mutual fund assets: $14 milPooled funds: $2,258 mil (cdn. equity $165 mil, active; U.s. equity $63 mil, active; global equity $1,834 mil, active; emerging markets $32 mil; cdn. bonds $164 mil, active)assets under specialist management: $25,143 mil (cdn. equity $3,259 mil, 15 mandates, active; U.s. equity $2,741 mil, 20 mandates, active; global equity $9,821 mil, 29 mandates, active; emerging markets $48 mil, 1 mandate; eafe equity $7,036 mil, 26 mandates; cdn. bonds $2,021 mil, 8 mandates, active; U.s. core fixed income $67 mil, 2 mandates; global plus fixed income $150 mil, 1 mandate)clients: pooled 8, segregated 102domestic portfolio managers: 17domestic research staff: 149international portfolio managers: 178international research staff: 331Location: boston, chicago, dallas, Houston, Los angeles, miami, minneapolis, new York, Philadelphia, san francisco, seattle, tampa, Washington dc, and West Palm beachinternational mandates offered: U.s. equity; global equity; regional non-U.s. equity; U.s. fixed income; global fixed income; regional non-U.s. fixed income; currency alpha; single-alpha and multi-alpha hedge funds; absolute return fixed income.firm’s ownership: Wholly owned subsidiary of a financial institutionalliancebernstein believes that rigorous security-specific research is critical to successful investing in both equity and fixed income portfolios. firm has over 300 analysts who produce the research for portfolio management teams.

ameriCan Century inVestment management, inC.4500 main st., Kansas city, mo 64111Chief client contact: John Lopez, senior vice-president, (866) 628-8826, fax: (816) 340-3931e-mail: [email protected] site: www.americancentury.com/institutionaltotal canadian assets managed: $439.1 milPension assets: $439.1 mil (segregated $439.1 mil)assets under specialist management: $439.1 mil (U.s. equity $141.2 mil, 1 mandate, active; eafe equity $298 mil, 1 mandate)clients: segregated 2domestic portfolio managers: 40domestic research staff: 39international portfolio managers: 8international research staff: 14


Location: new Yorkinternational mandates offered: international growth equity; international small-mid cap equity; global growth equity; concentrated global growth equity; emerging markets equity; international large cap core equityfirm’s ownership: Wholly owned subsidiary of a financial institutionamerican century seeks to generate outperformance with bottom-up, research-driven investment products. each strategy is managed using a disciplined, repeatable process and governed by defined risk controls.

ami Partners inC.ste. 800, 26 Wellington st. e., toronto m5e 1s2Chief client contact: craig Labbett, vice-president, marketing, (416) 865-0731, fax: (416) 865-9241e-mail: [email protected] site: www.amipartners.comtotal canadian assets managed: $5,307 milPension assets: $4,861 mil (pooled $422 mil, segregated $4,439 mil)mutual fund assets: $77 milPooled funds: $422 mil (cdn. equity $135 mil, active; cdn. equity $140 mil, small cap; cdn. bonds $56 mil, active; cash $56 mil; balanced $35 mil)assets under specialist management: $4,826 mil (cdn. equity $2,798 mil, 3 mandates, active; cdn. equity $33 mil, 1 mandate, small cap; cdn. bonds $43 mil, 1 mandate, active; balanced $1,952 mil, 2 mandates)clients: pooled 3, segregated 20domestic portfolio managers: 9domestic research staff: 2firm’s ownership: 70% Partners, 30% td bankami manages all asset classes using a consistent and disciplined process that is driven by internal research and selective risk exposure. the cdn. equity team uses a bottom-up approach in managing three distinct styles: 1) core: investing in undervalued companies with improving fundamentals; 2) growing income: investing in companies with consistent and growing dividends; and 3) small cap. the fixed income team uses a multi-faceted approach that generates excess return through duration management, yield curve structure, sector allocation and credit analysis. asset allocation decisions for ami’s balanced funds are made using top-down analysis combined with ami’s quantitative taa model. ami’s asset allocation team adjusts the weights of asset classes, emphasizing those with the greatest return expectation.

arBor CaPital management, CorP.ste. 136, 100 corporate Pkwy., amherst, nY 14226Chief client contact: matthew Wilkinson, director, sales and marketing, (716) 446-9111, fax: (716) 446-1258e-mail: [email protected] site: www.arborcapitalmgt.comtotal canadian assets managed: $445,000 milPension assets: $44,000 mil (segregated $44,000 mil)mutual fund assets: $22,000 milinsurance co. segregated funds: $55,000 milclients: segregated 20

domestic portfolio managers: 3domestic research staff: 2international portfolio managers: 2international research staff: 1Location: amherst, nYinternational mandates offered: eafe equityfirm’s ownership: Wholly owned by principalsarbor capital believes the overall economy, stock attributes, and company fundamentals drive equity performance. the firm’s buy discipline uses a hybrid process that combines top-down and bottom-up approaches through quantitative and qualitative analysis.

arroWstreet CaPital, l.P.44 brattle st., 5th fl., cambridge, ma 02138Chief client contact: michael stanton, manager, business development, (617) 547-9999, fax: (617) 547-0099e-mail: [email protected] site: www.arrowstreetcapital.comtotal canadian assets managed: $2,268 milPension assets: $2,268 mil (segregated $2,268 mil)clients: segregated 4international portfolio managers: 9international research staff: 9Location: cambridge, mainternational mandates offered: eafe; acWi ex-U.s.; acWi; emerging marketsfirm’s ownership: arrowstreet is majority owned and controlled by its 12 management limited partners, who collectively own 63% of the firm; 37% of the firm is owned by calPers and Lovell minnick Partners LLc.arrowstreet capital, L.P. combines sound investment intuition with rigorous quantitative research in an effort to take advantage of both behavioural mispricings (e.g. value and momentum signals) and informational mispricings (e.g. earnings signals).

aurion CaPital management inC.ste. 2205, 120 adelaide st. W., toronto m5H 1t1Chief client contact: James clark, vice-president, business development, (416) 866-2422, fax: (416) 363-6206e-mail: [email protected] site: www.aurion.catotal canadian assets managed: $4,423.9 milPension assets: $3,316.1 mil (segregated $3,316.1 mil)assets under specialist management: $3,316 mil (cdn. equity $1,984.1 mil, 7 mandates, active; U.s. equity $335.4 mil, 1 mandate, active; eafe equity $130.8 mil, 1 mandate; cdn. bonds $238.7 mil, 1 mandate, active; real return bonds $378.1 mil, 2 mandates; real estate equity $248.9 mil, 3 mandates)clients: segregated 8domestic portfolio managers: 9domestic research staff: 1firm’s ownership: Wholly owned by principalsaurion offers a suite of distinct products. the firm provides sources of value added that are uncorrelated to other managers. focused on customized portfolios for canadian equities, fixed income, portable alpha, global macro, currency & real estate.

aViVa CaPital management, inC.ste. 1700, 699 Walnut st., des moines, ia 50309Chief client contact: James bailey, senior vice-president and head of institutional investment management sales, (800) 281-

4607, fax: (515) 362-3631e-mail: [email protected] site: www.avivacapitalmanagement.comtotal canadian assets managed: $220.5 milmutual fund assets: $220.5 mildomestic portfolio managers: 25domestic research staff: 14international mandates offered: U.s. high-yield fixed income; U.s. investment-grade fixed income; global high-yield fixed income; U.s. structured hedge funds; U.s. convertible arbitrage hedge funds; U.s. long/short equity hedge funds; U.s. quantitative investment strategies; U.s. core-plus fixed income; U.s. mortgage-backed securities; U.s. convertible bonds; U.s. private placement fixed income; U.s. structured securitiesfirm’s ownership: Wholly owned subsidiary of amerUs Group co., an insurance holding companyfocus on bottom-up security selection with a top-down sector overlay and a well-defined exit strategy. Portfolio management and research collaborate to employ a disciplined investment process supported by a fundamental, valuation, and technical analysis.

aXa rosenBerg inVestment management llC4 orinda Way, building e, orinda, ca 94563Chief client contact: Kevin martino, director, marketing, canada, (925) 254-6464, fax: (925) 254-0213e-mail: [email protected] site: www.axarosenberg.comtotal canadian assets managed: $2,049 milPension assets: $169 mil (pooled $169 mil) Pooled funds: $169 mil (U.s. equity $53 mil, active; international small cap $116 mil)clients: pooled 5domestic portfolio managers: 12domestic research staff: 33international portfolio managers: 43international research staff: 33Location: orinda, London, tokyo, singapore, sydney, Hong Konginternational mandates offered: eafe equity; global equity; acWi equity; emerging market equityfirm’s ownership: partnershipaXa rosenberg is a global equity manager that uses an expert system to value over 19,000 companies. the firm analyzes fundamental data and consistently implements a risk-controlled process to construct portfolios poised to deliver superior earnings.

Baillie gifford oVerseas limitedcalton sq., 1 Greenside row, edinburgh, scotland eH1 3anChief client contact: William Pacula, director, marketing (new York), +44 131 275 2000, fax: +44 131 275 3795e-mail: [email protected] site: www.bailliegifford.comtotal canadian assets managed: $5,228 milPension assets: $4,148 mil (pooled $760 mil, segregated $3,388 mil)mutual fund assets: $826 milinsurance co. segregated funds: $173 milPooled funds: $226 mil (emerging markets $226 mil)assets under specialist management: $3,936 mil (non-n.a. equity $728 mil, 1 mandate, active; global equity $1,808 mil, 2 mandates, active; emerging markets $745



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mil, 2 mandates; eafe equity $655 mil, 3 mandates)clients: pooled 3, segregated 5domestic portfolio managers: 1international portfolio managers: 33international research staff: 11Location: edinburghinternational mandates offered: eafe alpha; eafe focus; long-term global growth; global alpha; acWi ex-na focusfirm’s ownership: Wholly owned subsidiary of a financial institutionbaillie Gifford’s investment philosophy aims to add value through active management by making long-term investments in well-managed, quality businesses that enjoy sustainable competitive advantages in their marketplace.

BaKer gilmore & assoCiates inC.1002, rue sherbrooke ouest, bureau 2620, montreal H3a 3L6Chief client contact: bruce shewfelt, head of institutional sales, connor, clark & Lunn financial Group, (514) 287-0110, fax: (514) 287-9176e-mail: [email protected] site: www.bakergilmore.comtotal canadian assets managed: $4,369.1 milPension assets: $2,500.3 mil (pooled $529.2 mil, segregated $1,971.1 mil)mutual fund assets: $519.4 milPooled funds: $529.2 mil (cdn. bonds $453.3 mil, active; cash $75.9 mil)assets under specialist management: $1,971.1 mil (cdn. bonds $1,971.1 mil, 13 mandates, active)clients: pooled 3, segregated 13domestic portfolio managers: 5domestic research staff: 2firm’s ownership: Partnership between investment professionals and connor, clark & Lunn financial Groupmarkets regularly deviate from fundamentals, allowing a value-driven approach to generate superior returns over the long term. minimizing risk and delivering consistent added value is best achieved through multiple, diversified strategies.

BanK of ireland asset management (u.s.) limitedcanadian representative office: ste. 2460, 1800 mcGill college ave., montreal H3a 3J6Chief client contact: vincent marcoux, vice-president, (514) 849-6868, fax: (514) 849-8118e-mail: [email protected] site: www.biam.ieLocation: dublininternational mandates offered: global equity; international equity; international select equity; european equity; irish equityfirm’s ownership: Wholly owned subsidiary of a financial institutionactive management based on rigorous fundamental analysis and disciplined bottom-up stock selection. investment at a price, which represents value relative to company’s own price/value and history, future prospects, peers valuations and market.

BarClays gloBal inVestors Canada limitedste. 2500, 161 bay st., brookfield Place, Po box 614, canada trust tower, toronto m5J 2s1Chief client contact: eric Leveille, head of canadian institutional business, (416) 643-

4000, fax: (416) 643-4001e-mail: [email protected] site: www.barclaysglobal.comtotal canadian assets managed: $73,582.9 milPension assets: $51,611 mil (pooled $36,744.4 mil, segregated $14,866.6 mil)mutual fund assets: $16,392.4 milPooled funds: $36,744.4 mil (cdn. equity $7,789.1 mil, active; cdn. equity $1,816.8 mil, index; cdn. equity $350 mil, small cap; U.s. equity $2,865.3 mil, active; U.s. equity $5,491 mil, index; non-n.a. equity $767.2 mil, active; non-n.a. equity $2,097.5 mil, index; cdn. bonds $2,076.9 mil, active; cdn. bonds $9,118.3 mil, passive; real return bonds $243.3 mil; hedge funds $2,133.4 mil; commodity $255.9 mil; global bonds $32.9 mil; passive currency $40.6 mil; cash $83 mil; balanced $1,583.2 mil)assets under specialist management: $14,866.6 mil (cdn. equity $3,988.3 mil, 6 mandates, active; U.s. equity $2,824 mil, 3 mandates, active; non-n.a. equity $1,371.7 mil, 2 mandates, active; cdn. bonds $1,629.9 mil, 2 mandates, passive; hedge funds $3,903.3 mil, 6 mandates; passive currency $1,149.4 mil, 3 mandates)clients: pooled 157, segregated 16domestic portfolio managers: 15domestic research staff: 7international portfolio managers: 191international research staff: 177Location: boston, London, san francisco, sydney, tokyointernational mandates offered: U.s. equity; eafe equity; acWi equity; europe equity; emerging markets equity; U.s. bonds; international bondsfirm’s ownership: 20% employees, 80% barclays bank PLcbGi’s scientific approach to investing focuses on active control of risk and return. bGi’s strategies cover just about every tradeable asset class in the world and include active, enhanced index and index products.

Baring asset management inC.ste. 1703, 150 King st. W., toronto m5H 1J9Chief client contact: randall o’Leary, managing director, canada, chief representative, (416) 599-1835, fax: (416) 599-0373e-mail: randall.o’[email protected] site: www.baring-asset-can.comtotal canadian assets managed: $34 milPension assets: $34 mil (segregated $34 mil)international mandates offered: international equity; international plus equity (with emerging markets); international focused equity; international focused plus equity (includes emerging markets); global equity; global fixed income; active/passive international equity; fixed income targeted return;firm’s ownership: Wholly owned subsidiary of a financial institutionbaring’s proprietary investment philosophy employs a growth initiative that adheres to strong valuation parameters ñ focused on an all-cap universe, sectors and countries with unrecognized growth and earnings surprise ñ and impacts every stock the firm owns.

BarrantagH inVestment management inC.ste. 1700, 100 Yonge st., toronto m5c 2W1Chief client contact: robert cruickshank, vice-president, (416) 868-6295, fax: (416) 868-6593

e-mail: [email protected] site: www.barrantagh.comtotal canadian assets managed: $464.2 milPension assets: $59.8 mil (segregated $59.8 mil)assets under specialist management: $59.8 mil (cdn. bonds $44 mil, 1 mandate, active; oil & gas equity $3.2 mil, 2 mandates; balanced $12.6 mil, 2 mandates)clients: segregated 5domestic portfolio managers: 4domestic research staff: 2international portfolio managers: 4international research staff: 2Location: torontointernational mandates offered: global equityfirm’s ownership: Wholly owned by principalsbarrantagh is a bottom-up, value-oriented investment manager, applying this philosophy to both equities and fixed income investments. the firm conducts its own research with a focus on cash flow and in-depth assessment of corporate management.

Bentall CaPitalste. 1800, 1055 dunsmuir st., Po box 49054, four bentall centre, vancouver v7X 1c4Chief client contact: malcolm Leitch, chief operating officer, (604) 661-5000, fax: (604) 646-2805e-mail: [email protected] site: www.bentall.comtotal canadian assets managed: $15,228 milPension assets: $10,128 mil (pooled $1,076 mil, segregated $9,052 mil)Pooled funds: $1,076 mil (real estate equity $1,076 mil)firm’s ownership: Privately owned by senior management, sitQ and bcimccanada’s foremost real estate advisory and services organization, bentall capital is responsible for more than 79 million square feet of first-class office, industrial, retail and residential properties across canada and in the U.s. together with its U.s. partner, Kennedy associates, america’s largest independent real estate advisor, the firm offers comprehensive coverage of the north american market. over $15.2 billion in assets under bentall capital’s stewardship, over $10 billion is managed by its advisory arm, bentall investment management. more than 100 canadian pension funds and other public and private sector institutions rely on bentall investment management for wise counsel and investment products that provide strong, consistent returns, from low-risk, top-quartile institutional pooled funds to higher-yielding specialty and opportunity vehicles. as a fiduciary, the firm is distinguished by its active approach to preserving and enhancing asset value. fully integrated asset management and real estate services delivery allow it to capitalize on opportunity while minimizing risk.

BetaPro management inC.26 Wellington st. e., toronto m5e 1s2Chief client contact: Howard atkinson, executive vice-president, (416) 933-5745, fax: (416) 777-5181e-mail: [email protected] site: www.HbPetfs.com

Beutel goodman & ComPany ltd.ste. 2000, 20 eglinton ave. W., Po box 2005, toronto m4r 1K8Chief client contact: William ashby, president,


(416) 485-1010, fax: (416) 485-1799e-mail: [email protected] site: www.beutelgoodman.comtotal canadian assets managed: $16,319 milPension assets: $14,587 mil (pooled $2,269 mil, segregated $12,318 mil)mutual fund assets: $345 milPooled funds: $2,190 mil (cdn. equity $1,016 mil, active; U.s. equity $29 mil, active; global equity $186 mil, active; cdn. bonds $329 mil, active; cash $29 mil; balanced $601 mil)assets under specialist management: $12,318 mil (cdn. equity $4,703 mil, 38 mandates, active; U.s. equity $98 mil, 9 mandates, active; global equity $200 mil, 1 mandate, active; eafe equity $7 mil, 4 mandates; cdn. bonds $4,942 mil, 49 mandates, active; cash $804 mil; balanced $1,564 mil, 14 mandates)clients: pooled 129, segregated 109domestic portfolio managers: 10domestic research staff: 7international portfolio managers: 7international research staff: 5Location: torontointernational mandates offered: U.s. equity; eafe equity; global equity; world focus equityfirm’s ownership: partnershipbeutel Goodman is dedicated to the delivery of superior long-term, risk-adjusted investment results through the consistent application of a bottom-up value philosophy supported by strong internal research capability.

BimCor inC.ste. 1300, 1000 de la Gauchetière st. W., montreal H3b 5a7Chief client contact: Peter Jarvis, chief investment officer, (514) 394-4750, fax: (514) 393-8816e-mail: [email protected] canadian assets managed: $13,681.8 milPension assets: $13,681.8 mil (pooled $12,954.1 mil, segregated $727.7 mil)Pooled funds: $12,954.1 mil (cdn. equity $3,332.2 mil, active; U.s. equity $2,031 mil, active; non-n.a. equity $2,001.6 mil, active; cdn. bonds $5,059.8 mil, active; private equity $153.2 mil; other pooled funds $91.8 mil; cash $284.5 mil)clients: pooled 7, segregated 5bimcor’s approach to investment management can be characterized as value-oriented, with a strong emphasis on risk minimization through balanced, disciplined and well-diversified management. bimcor also believes that prudent investment management should emphasize long-term performance. the investment philosophy is based upon the thesis that above-average short-term investment returns (defined generally as one year), if achieved on a consistent basis, can produce superior long-term performance (defined as four years and greater).

Bissett inVestment managementste. 3100, 350 - 7th ave. s.W., calgary t2P 3n9Chief client contact: see franklin templeton institutional, (403) 266-4664, fax: (403) 263-6578e-mail: see franklin templeton institutionalWeb site: www.franklintempletoninstitutional.catotal canadian assets managed: $19,071.2 milPension assets: $2,368.5 mil (pooled $759.2 mil, segregated $1,609.3 mil)

mutual fund assets: $11,426.1 milPooled funds: $712.7 mil (cdn. equity $203.1 mil, active; cdn. equity $18.1 mil, small cap; U.s. equity $45.9 mil, active; cdn. bonds $38.4 mil, active; cash $1.5 mil; balanced $405.8 mil)assets under specialist management: $1,609.3 mil (cdn. equity $1,050.5 mil, 14 mandates, active; cdn. equity $72.3 mil, 1 mandate, small cap; cdn. bonds $2.2 mil, 1 mandate, active; balanced $484.3 mil, 10 mandates)clients: pooled 36, segregated 18domestic portfolio managers: 13domestic research staff: 5international portfolio managers: 40international research staff: 13Location: calgary, new Jersey, toronto, san mateo, frankfurt, ft. Lauderdale, nassau, edinburgh, Hong Kong, melbourne, singaporeinternational mandates offered: U.s. equity; eafe equity; multinational equityfirm’s ownership: Wholly owned by franklin resources inc.the firm invests in a disciplined bottom-up manner. the firm’s style: Growth at a reasonable Price, focusing on superior return on equity, consistent, above-average revenue/earnings growth, strong balance sheets and reasonable prices.

BlaCKroCK40 east 52nd st., new York 10022Chief client contact: douglas Waggoner, managing director, (212) 810-3500, fax: (212) 810-8794e-mail: [email protected] site: www.blackrock.comtotal canadian assets managed: $2,817 milPension assets: $1,323 mil (pooled $156 mil, segregated $1,167 mil)insurance co. segregated funds: $56 milPooled funds: $156 mil (Pan european equity $156 mil)clients: pooled 2, segregated 1international portfolio managers: 259international research staff: 143Location: new York, London, Princeton, sydney, boston, tokyo, edinburgh, melbourne, eindhoven, florham Park, newport beach, Philadelphia, san francisco, Wilmington, Hong Konginternational mandates offered: equity; fixed income; real estate; liquidity; alternatives; asset allocation/balanced strategiesfirm’s ownership: Publicly tradedblackrock combines focused portfolio management with proprietary research and significant firm-wide resources in order to promote investment excellence. the firm’s investment teams (consisting of portfolio managers, research analysts and traders) actively manage style-specific portfolios built on blackrock company research in each major asset class.

Bmo Harris inVestment management inC.ste. 915, 1 first canadian Pl., Po box 150, toronto m5X 1H3Chief client contact: Yannick archambault, vice-president and managing director, distribution, (416) 359-7151, fax: (416) 359-6872e-mail: [email protected] site: www.bmoharrisprivatebanking.comtotal canadian assets managed: $11,214.5 mildomestic portfolio managers: 3domestic research staff: 5

international portfolio managers: 3Location: boston, san diego, Parisinternational mandates offered: international large-cap developed markets; international small-cap developed markets; emerging marketsfirm’s ownership: Wholly owned subsidiary of a financial institutionthe firm’s portfolio strategy is predominantly a bottom-up process, with top-down elements including macroeconomic outlook and expectations for financial market returns. its investment solutions range from a 100% bond to all-equity portfolios.

Bny/mellon asset management limited320 bay st., toronto m5H 4a6Chief client contact: richard terres, senior vice-president, director of marketing, (416) 643-6354, fax: (416) 643-5417e-mail: [email protected] site: www.melloninstitutional.comtotal canadian assets managed: $16,525.3 milPension assets: $14,622.8 mil (pooled $267.4 mil, segregated $14,355.4 mil)mutual fund assets: $1,409 milinsurance co. segregated funds: $84.4 milPooled funds: $267.4 mil (non-n.a. equity $267.4 mil, active)clients: pooled 4, segregated 53Location: boston, nYc, Hong Kong, san francisco, Pittsburgh, London, edinburghinternational mandates offered: U.s. equity; non-U.s. equity; global equity; eafe equity; emerging markets equity; Latin american equities; continental europe equity; asian equity; asian-ex-Japan equity; china equityfirm’s ownership: Wholly owned subsidiary of a financial institutionbnY/mellon asset management offers a broad range of investment products and services through its diverse investment management affiliates. these firms are among the most highly regarded names in institutional money management.

BonaVista asset managementste. 2320, one financial Pl., 1 adelaide st. e., toronto m5c 2v9Chief client contact: chris brisebois, vice-president, (416) 342-2199, fax: (416) 481-2335e-mail: [email protected] firm’s bottom-up approach focuses on the value of securities, not price momentum or prevailing market fashion. the conservative investment philosophy is based on the preservation of capital through thorough research and a defined sell discipline.

Brandes inVestment Partners, l.P.ste. 500, 11988 el camino real, Po box 919048, san diego, ca 92191-9048Chief client contact: clifford schireson, director, institutional services, (858) 755-0239, fax: (858) 755-0916e-mail: [email protected]; [email protected] site: www.brandes.comtotal canadian assets managed: $17,303 milPension assets: $6,265 mil (pooled $1,636 mil, segregated $4,629 mil)mutual fund assets: $7,800 milPooled funds: $1,636 mil (non-n.a. equity $976 mil, active; global equity $660 mil, active)assets under specialist management: $6,265




mil (non-n.a. equity $2,203 mil, 9 mandates, active; global equity $4,062 mil, 18 mandates, active)clients: pooled 17, segregated 10international portfolio managers: 36international research staff: 33Location: san diegointernational mandates offered: cdn. equity; cdn. money market; emerging markets equity; global equity; global balancedfirm’s ownership: Wholly owned by principalsbrandes is a bottom-up, Graham & dodd, value-oriented, investment manager. in short, the firm believes that a strategy of buying businesses at a discount to their true value is designed to produce positive long-term results.

BridgeWater assoCiates, inC.1 Glendinning Pl., Westport, ct 06880Chief client contact: Joel Whidden, director, marketing, (203) 226-3030, fax: (203) 291-7300e-mail: [email protected] site: www.bwater.comfirm’s ownership: Wholly owned by principalsbridgewater is a global leader in institutional portfolio management. bridgewater was founded in 1975, and is a pioneer in risk budgeting and the separation of alpha and beta.

BrooKfield asset managementste. 300, bce Place, 181 bay st., Po box 771, toronto m5J 2t3Chief client contact: matt Hershey, vice-president, (new York office (212) 417-7246), (416) 363-9491, fax: (416) 365-9642e-mail: [email protected] site: www.brookfield.comfirm’s ownership: Publicly owned companybrookfield is a global asset manager focused on property, power, and other infrastructure assets providing a broad range of investment products and adding value through operating expertise as well as by leveraging synergies across its organization.

Bullion management serViCes inC.280 - 60 renfrew dr., markham, on L3r 0e1Chief client contact: nick barisheff, president and chief executive officer, (905) 474-1001, fax: (905) 474-1091e-mail: [email protected] site: www.bmsinc.cafirm’s ownership: Wholly owned by principalsthe fund has a fixed investment policy of purchasing equal amounts of gold, silver and platinum bullion, and does not employ derivatives, futures contracts, options or leasing.

Burgundy asset management ltd.ste. 4510, 181 bay st., toronto m5J 2t3Chief client contact: Kelly battle, vice-president, (416) 869-3222, fax: (416) 869-9036e-mail: [email protected] site: www.burgundyasset.comtotal canadian assets managed: $6,810.4 milPension assets: $2,702.4 mil (pooled $796.2 mil, segregated $1,906.2 mil)Pooled funds: $796.2 mil (cdn. equity $92.7 mil, active; global equity $133.1 mil, active; U.s. equity - small cap, active $14.4 mil; U.s. equity - small/mid cap, active $17.6 mil; north american equity - active $30 mil; balanced $508.4 mil)assets under specialist management: $1,906.2

mil (cdn. equity $873.6 mil, 7 mandates, active; cdn. equity $70.8 mil, 2 mandates, small cap; U.s. equity $87.6 mil, 2 mandates, active; global equity $53.7 mil, 2 mandates, active; cdn. equity - large cap, active $372.3 mil, 2 mandates; U.s. equity - small cap, active $158.6 mil, 2 mandates; balanced $289.6 mil, 6 mandates)clients: pooled 37, segregated 20domestic portfolio managers: 2domestic research staff: 3international portfolio managers: 6international research staff: 10Location: torontointernational mandates offered: U.s. equity; U.s. small/mid cap equity; global equity; global focused (concentrated) equity; european equity; Japanese equity; eafe equityfirm’s ownership: Wholly owned by principalsburgundy’s investment strategy involves carefully evaluating the economics of individual companies and their management. the firm’s approach is contrarian and opportunistic by investing in undervalued companies that are temporarily out of favour.

Caisse de dÉPÔt et PlaCement du QuÉBeC1000, Place Jean-Paul-riopelle, montreal H2Z 2b3Chief client contact: Lucie frenière, senior director, media relations, business development support, (514) 842-3261e-mail: [email protected] site: www.lacaisse.comfirm’s ownership: Wholly owned by principalsactive multi-management is central to the caisse de dépôt et placement du Québec’s approach. divided into teams according to their specific investment niche, geographic region, sector and management style, each manager handles a portfolio segment (large, mid, cyclical, non-cyclical, core) according to his/her defined mandate.

Canadian urBan limited10572 - 105 st., edmonton t5H 2W7Chief client contact: onita blankenfeldt, vice-president, marketing and client relations, (780) 424-7722, fax: (780) 424-7799e-mail: [email protected] site: www.canadianurban.comtotal canadian assets managed: $971 milPension assets: $406 mil (pooled $99 mil, segregated $307 mil)Pooled funds: $99 mil ($99 mil)clients: pooled 14, segregated 3domestic portfolio managers: 11domestic research staff: 4firm’s ownership: Wholly owned by principalscanadian Urban provides its clients with superior returns in real estate investments by combining its extensive entrepreneurial experience and skill sets with those disciplines necessary to handle institutional client needs. the firm customizes investment strategies to suit each client’s risk-return profile. the firm consistently delivers measured first quartile performance in the retail, industrial, office and multi-family residential sectors.

Canso inVestment Counsel, ltd.ste. 550, 100 York blvd., richmond Hill, on L4b 1J8Chief client contact: Heather mason-Wood, vice-president, (905) 881-8853, fax: (905) 881-1466

e-mail: [email protected] site: www.cansofunds.comtotal canadian assets managed: $1,248.2 milPension assets: $484.8 mil (pooled $10.2 mil, segregated $474.6 mil)mutual fund assets: $628.1 milPooled funds: $10.2 mil (cdn. bonds $10.2 mil, active)assets under specialist management: $474.6 mil (cdn. bonds $474.6 mil, 4 mandates, active)clients: pooled 3, segregated 4domestic portfolio managers: 4domestic research staff: 3firm’s ownership: Wholly owned by principalscanso’s strategy concentrates on fundamental analysis of corporate securities including corporate bonds, income trusts and equities. emphasis is placed on the firm’s internal research, which identifies and values profitable investment opportunities.

CaPital dynamiCs inC.645 madison ave., 19th fl., new York 10022Chief client contact: Parnell clitus, vice-president, (212) 798-3400, fax: (212) 798-3499e-mail: [email protected] site: www.capdyn.cominternational portfolio managers: 26international research staff: 3Location: Zug (switzerland), new York, san francisco, London, birmingham, Hong Konginternational mandates offered: european buyout; U.s. private equity; european mid-market buyout; asian private equityfirm’s ownership: Wholly owned by principalscapital dynamic seeks superior risk-adjusted returns in private equity through top-down asset allocation and bottom-up manager selection. the firm invests in partnerships that align market, strategy and team; demonstrated by a strong track record.

CaPital guardian trust Co.333 s. Hope st., 51st fl., Los angeles 90071Chief client contact: michelle savoy, president, capital Guardian (canada), inc., (213) 486-9200, fax: (213) 486-9625e-mail: [email protected] site: www.capgroup.comtotal canadian assets managed: $8,407.3 milPension assets: $8,183.2 mil (pooled $3,608.1 mil, segregated $4,575.1 mil)Pooled funds: $2,642.4 mil (U.s. equity $130.4 mil, active; global equity $1,706.2 mil, active; emerging markets $805.8 mil)assets under specialist management: $4,307.7 mil (U.s. equity $325.6 mil, 2 mandates, active; global equity $2,640.8 mil, 7 mandates, active; eafe equity $1,169.9 mil, 5 mandates; global balanced $171.4 mil, 1 mandate)clients: pooled 64, segregated 14international portfolio managers: 50international research staff: 120Location: toronto, san francisco, Los angeles, Geneva, London, Hong Kong, singapore, tokyo, Washington, new Yorkinternational mandates offered: U.s. equity; eafe equity; global equity; acW equity; emerging markets equity; absolute income grower; U.s. fixed income; global fixed income; high-yield; emerging markets debt; emerging markets total opportunitiesfirm’s ownership: Wholly owned by principalscGtc participates in equity and fixed income

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markets in both developed and emerging economies. cGtc is distinguished by its commitment to fundamental research, which is leveraged through a bottom-up approach to portfolio construction.

Cardinal CaPital management, inC.506 - 1780 Wellington ave., Winnipeg r3H 1b3Chief client contact: david atkins, assistant vice-president and portfolio manager, (800) 310-4664, fax: (204) 783-0725e-mail: [email protected] site: www.cardinal.catotal canadian assets managed: $786.1 milPension assets: $27.2 mil (segregated $27.2 mil)domestic portfolio managers: 3domestic research staff: 6international portfolio managers: 2international research staff: 2Location: Winnipegfirm’s ownership: Wholly owned by principalsequities are selected through value-based, fundamental bottom-up stock selection with an emphasis on high-quality dividend-paying corporations. select high-quality bonds with a focus on long-term returns. both equity and bond trading are kept to a minimum.

Ci finanCial2 Queen st. e., 20th fl., toronto m5c 3G7Chief client contact: dustin Hunt, vice-president, institutional business development, (416) 364-1145e-mail: [email protected] site: www.ci.comtotal canadian assets managed: $69,502 milmutual fund assets: $56,267 milinsurance co. segregated funds: $8,200 mildomestic portfolio managers: 6domestic research staff: 15international mandates offered: U.s. equity; U.s. small cap; eafe equity; global equity; global balanced; global small cap equity; european equity; emerging markets; Japanese equityci investments offers a wide variety of investment choice from a number of internal and external portfolio management teams. each team employs its own investment process, philosophy and style.

CiBC asset managementste. 3200, 1000 de la Gauchetière W., montreal H3b 4W5Chief client contact: michel Jalbert, vice-president, consultant relations, (514) 875-7040, fax: (514) 875-9364e-mail: [email protected] site: www.cibcam.comtotal canadian assets managed: $63,379.2 milPension assets: $12,288.9 mil (pooled $4,854.4 mil, segregated $7,434.5 mil)mutual fund assets: $45,232 milinsurance co. segregated funds: $342 milPooled funds: $4,814.3 mil (cdn. equity $26.5 mil, active; cdn. equity $205.6 mil, index; U.s. equity $11.4 mil, active; U.s. equity $133.4 mil, index; non-n.a. equity $38.4 mil, index; cdn. bonds $207.2 mil, active; cdn. bonds $3,921.8 mil, passive; balanced fund of hedge fund $3.5 mil; commodity fund $60.1 mil; cash $18 mil; balanced $188.4 mil)assets under specialist management: $7,434.5 mil (cdn. equity $69.9 mil, 1

mandate, active; cdn. bonds $1,259.7 mil, 3 mandates, active; cdn. bonds $1,722.5 mil, 2 mandates, immunized/dedicated; cdn. bonds $3,491.4 mil, 2 mandates, passive; real return bonds $164.8 mil, 1 mandate; commodities $9.8 mil, 1 mandate; cash $2.7 mil, 1 mandate; balanced $713.7 mil, 2 mandates)clients: pooled 117, segregated 37domestic portfolio managers: 14domestic research staff: 9international portfolio managers: 8international research staff: 13Location: montreal, torontointernational mandates offered: asian; eafe equity; U.s. equityfirm’s ownership: Wholly owned subsidiary of a financial institutioncibc asset management believes that meeting client expectations begins with a clear understanding of the client’s needs. the firm manages clients’ portfolios according to their particular needs and objectives.

City of london inVestment management10 eastcheap, London, england ec3m 1LXChief client contact: Jeremy bannister, head of client servicing, 44 207 771 0771, fax: 44 207 771 0772e-mail: [email protected] site: www.citlon.comtotal canadian assets managed: $373.2 milPension assets: $361.6 mil (pooled $46.5 mil, segregated $315.1 mil)mutual fund assets: $10.6 milPooled funds: $46.5 mil (emerging markets $46.5 mil)clients: pooled 1, segregated 1international portfolio managers: 6international research staff: 2Location: London, coatesville, singaporeinternational mandates offered: emerging markets equity via closed-end funds; global equity; natural resource; emerging markets equity yieldfirm’s ownership: PLcthe firm’s emerging markets philosophy is value-oriented using a 25% top-down, 75% bottom-up stock selection process via closed-end funds to provide outperformance versus the benchmark while maintaining lower volatility than the benchmark and its peers.

Clay finlay200 Park ave., 56th fl., new York 10166Chief client contact: Peter anderson, managing director, (212) 692-8000, fax: (212) 557-9350e-mail: [email protected] site: www.clayfinlay.comtotal canadian assets managed: $1,085.3 milPension assets: $1,085.3 mil (segregated $1,085.3 mil)clients: segregated 2international portfolio managers: 11international research staff: 8Location: new York, Hong Kong, tokyointernational mandates offered: global equity; global adr equity; international equity; international adr equity; international acWi ex-U.s. equity; diversified international; europe equity; continental europe equity; global emerging markets equity; global emerging markets adr equity; asia Pacific ex-Japan equity; Pacific basin equity; Pacific basin ex-Japan equity; china equity; Japan equity; U.s. equity

firm’s ownership: Wholly owned subsidiary of a financial institutioninvestment approach is based on the belief a portfolio constructed of well-managed companies with steady, sustainable earnings growth rates, priced reasonably in relation to those growth rates, should outperform over the long term.

Co-oPerators inVestment Counselling ltd.130 macdonell st., Guelph, on n1H 6P8Chief client contact: Judith Lowes, vice-president, investment services, (519) 767-3901, fax: (519) 824-7040e-mail: [email protected] site: www.cooperatorsinvestment.catotal canadian assets managed: $9,799.4 milPension assets: $4,111.3 mil (pooled $1,308.5 mil, segregated $2,802.8 mil)Pooled funds: $1,308.5 mil (cdn. equity $170.3 mil, active; U.s. equity $17.2 mil, active; cdn. bonds $462.3 mil, active; canadian resources $14.9 mil; money market $5.8 mil; balanced $638 mil)assets under specialist management: $2,802.8 mil (cdn. equity $171.6 mil, 1 mandate, active; cdn. bonds $598.2 mil, 4 mandates, active; cdn. bonds $503.8 mil, 1 mandate, immunized/dedicated; real estate mortgage $53.6 mil, 1 mandate; total equity $19 mil, 1 mandate; balanced $1,456.6 mil, 6 mandates)clients: pooled 5, segregated 10domestic portfolio managers: 11domestic research staff: 1international portfolio managers: 2Location: Guelphinternational mandates offered: U.s. equities; eafefirm’s ownership: Wholly owned subsidiary of a financial institutionco-operators Portfolio managers, specialized by asset class, operate from the same economic outlook. co-operators actively positions and manages its portfolios. Portfolios are broadly diversified to reduce risk and volatility.

Connor, ClarK & lunn finanCial grouPste. 300, 181 University ave., toronto m5H 3m7Chief client contact: bruce shewfelt, head of institutional sales, (416) 862-2020, fax: (416) 363-2089e-mail: [email protected] site: www.cclgroup.comtotal canadian assets managed: $34,745.8 milPension assets: $19,240.2 mil (pooled $4,655.4 mil, segregated $14,584.8 mil)mutual fund assets: $7,202 milPooled funds: $4,205.2 mil (cdn. equity $1,322.5 mil, active; cdn. equity $23.6 mil, small cap; U.s. equity $12.7 mil, active; global equity $177.1 mil, active; cdn. bonds $1,276 mil, active; income trust $16.8 mil; cash $622.4 mil; balanced $754.1 mil)assets under specialist management: $14,584.8 mil (cdn. equity $5,808.4 mil, 25 mandates, active; cdn. equity $142.1 mil, 3 mandates, small cap; U.s. equity $50.3 mil, 5 mandates, active; global equity $165 mil, 11 mandates, active; eafe equity $802.3 mil, 9 mandates; cdn. bonds $5,479.4 mil, 38 mandates, active; hedge funds $931.6 mil, 3 mandates; cash $3.3 mil, 2 mandates;




balanced $1,202.4 mil, 19 mandates)clients: pooled 109, segregated 115domestic portfolio managers: 34domestic research staff: 11international portfolio managers: 22international research staff: 13Location: London, cambridge, ma, new Yorkinternational mandates offered: U.s. equities; eafe equities; global equities; european equitiesfirm’s ownership: Wholly owned by principalsconnor clark & Lunn financial Group provides a broad range of distinct and independently managed investment products and services to canadian individual and institutional investors through a diverse family of affiliates.

Connor, ClarK & lunn inVestment management ltd.2200 - 1111 West Georgia st., vancouver v6e 4m3Chief client contact: Phil cotterill, head of client solutions, (604) 685-2020, fax: (604) 643-2000e-mail: [email protected] site: www.cclinvest.comtotal canadian assets managed: $21,109 milPension assets: $12,298.2 mil (pooled $2,719.3 mil, segregated $9,578.9 mil)mutual fund assets: $5,950.9 milPooled funds: $2,644.8 mil (cdn. equity $938.1 mil, active; cdn. equity $10.4 mil, small cap; global equity $42.8 mil, active; cdn. bonds $624.5 mil, active; income trust $16.8 mil; cash $533.5 mil; balanced $478.7 mil)assets under specialist management: $9,579 mil (cdn. equity $3,876.6 mil, 12 mandates, active; cdn. equity $142.1 mil, 3 mandates, small cap; U.s. equity $34.6 mil, 1 mandate, active; eafe equity $96.1 mil, 1 mandate; cdn. bonds $3,508.3 mil, 25 mandates, active; hedge funds $931.6 mil, 3 mandates; cash $3.3 mil, 2 mandates; balanced $986.4 mil, 17 mandates)clients: pooled 60, segregated 64domestic portfolio managers: 21domestic research staff: 12international portfolio managers: 27international research staff: 14Location: cambridge, ma, London, vancouverinternational mandates offered: U.s. equity; U.s. market neutral; eafe equity; global equityfirm’s ownership: Partnership between cc&L Partners & connor, clark & Lunn financial Groupcc&L offers: a full range of fixed income, equity, balanced and alternative investment solutions employing both fundamental and quantitative investment approaches; extensive in-house research capabilities.

Cordiantste. 2400, 1010 sherbrooke st. W., montreal H3a 2r7Chief client contact: david creighton, president and chief executive officer, (514) 286-1142, fax: (514) 286-4203e-mail: [email protected] site: www.cordiantcap.comtotal canadian assets managed: $564 milPension assets: $479 mil (pooled $479 mil) Pooled funds: $479 mil (emerging markets $436 mil; emerging market private equity $43 mil)clients: pooled 3

international portfolio managers: 2international research staff: 6Location: montrealfirm’s ownership: partnershipcordiant invests in private equity and debt in the emerging markets and mitigates the risks inherent in those markets by partnering with government agencies, thus generating a superior risk/return profile with low correlation to traditional assets.

CyPress CaPital management1700 - 1055 West Georgia st., vancouver v6e 3P3Chief client contact: doug stadelman, portfolio manager, (604) 659-1850, fax: (604) 659-1899e-mail: [email protected] canadian assets managed: $4,947.2 milPension assets: $23.3 mil (segregated $23.3 mil)mutual fund assets: $2,851 milassets under specialist management: $23.3 mil (real estate equity $23.3 mil, 1 mandate)domestic portfolio managers: 6firm’s ownership: Wholly owned subsidiary of a financial institutioncypress’s investment philosophy relies on fundamental bottom-up research to identify exceptional businesses at reasonable prices. emphasis is on high quality, small to mid-cap companies that are out of favour or overlooked and that have proven management.

dalton, greiner, Hartman, maHer and Co., llCste. 2101, 565 fifth ave., new York 10017Chief client contact: Pamela douglas, marketing manager, (212) 557-2445, fax: (212) 557-4898e-mail: [email protected] site: www.dghm.cominternational portfolio managers: 9Location: new Yorkinternational mandates offered: U.s. equityfirm’s ownership: 80% by bPfH, 20% by employeesdGHm uses fundamental bottom-up analysis, focusing on companies with improving fundamentals, priced at a discount to their peers. the firm’s in-depth due diligence seeks to uncover catalysts that will drive the stock price higher.

daVis-rea ltd.ste. 1400, 95 st. clair ave. W., toronto m4v 1n6Chief client contact: Patrick tryon, manager, marketing and client service, (416) 961-2494, fax: (416) 925-1215e-mail: [email protected] site: www.davisrea.comtotal canadian assets managed: $475 mildomestic portfolio managers: 4domestic research staff: 2firm’s ownership: Wholly owned by principalsthe firm prefers securities with a growth bias and an eye to relative value. drL favours companies with long-term records of earnings growth above 10%, strong roe, good cash flow, dividend growth, strong balance sheets and quality management.

delaWare inVestments2005 market st., Philadelphia 19103Chief client contact: margaret bacon,

vice-president, investment specialist, (215) 255-2300e-mail: [email protected] site: www.delawareinvestments.cominternational portfolio managers: 3international research staff: 2Location: bostoninternational mandates offered: international value equity; international value equity socially responsible; international value equity labour-selectfirm’s ownership: Wholly owned subsidiary of a financial institutiondelaware investments’ international value equity strategy is a fundamental, bottom-up process based on the concept that adversity creates opportunity and that transitory problems can be overcome by well-managed companies.

denVer inVestment adVisors1225 17th st., 26th fl., denver, co 80202Chief client contact: dan olson, partner, (303) 312-5000, fax: (303) 312-4900e-mail: [email protected] site: www.denveria.comdomestic portfolio managers: 17domestic research staff: 24international portfolio managers: 1international research staff: 2Location: denverinternational mandates offered: eafe equityfirm’s ownership: Wholly owned by principalsdenver investment advisors utilizes a bottom-up, research-intensive team approach to investing. the firm’s products include small-cap, mid-cap, large-cap, fixed income and international separately managed products.

deutsCHe asset management Canada limitedste. 4540, 1250 rené-Lévesque blvd. W., montreal H3b 4W8Chief client contact: Geoffrey moore, managing director, (514) 875-5163, fax: (514) 875-6896e-mail: [email protected] site: www.deam-canada.db.comtotal canadian assets managed: $1,873.7 milPension assets: $389.1 mil (pooled $306.8 mil, segregated $82.3 mil)Pooled funds: $306.8 mil (global equity $8.2 mil, active; infrastructure $79.8 mil; Gtaa - overlay $218.8 mil)clients: segregated 5international portfolio managers: 480international research staff: 220Location: new York, boston, chicago, san francisco, Hong Kong, London, Paris, frankfurt, Zurich, dubai, eschborn, seoul, singapore, tokyofirm’s ownership: deutsche bank aG is a publicly traded entitydeutsche asset management can best address clients’ objectives for consistent outperformance through: actively managed strategies; small investment teams with disciplined processes; proprietary fundamental research; and rigorous risk management.

dimensional fund adVisors1299 ocean ave., santa monica, ca 90401Chief client contact: Peter Hallett, regional director, (310) 395-8005, fax: (310) 576-1181e-mail: [email protected]


Web site: www.dimensional.comtotal canadian assets managed: $1,763 milPension assets: $343 mil (pooled $343 mil) mutual fund assets: $1,410 milPooled funds: $335 mil (U.s. equity $324 mil, active; emerging markets $11 mil)assets under specialist management: $343 mil (U.s. equity $324 mil, 3 mandates, active; emerging markets $11 mil, 1 mandate; eafe equity $8 mil, 1 mandate)clients: pooled 3domestic portfolio managers: 6domestic research staff: 17international portfolio managers: 12international research staff: 17Location: santa monica, austin, London, sydneyinternational mandates offered: U.s. large cap; U.s. large cap value; U.s. small cap; U.s. small cap value; U.s. core; international small cap; international small cap value; international value; international core; emerging value; emerging small cap; emerging markets large; emerging markets core; global value; global core; international reit; U.s. reitfirm’s ownership: employees and directorsdimensional’s investment philosophy is deeply rooted in the belief that investors are rewarded for the levels of risk taken. the firm does not attempt to exploit anomalies; rather it structures its portfolios to deliver the return premiums of the asset class.

duPont CaPital managementste. 3200, delaware corp. center, one righter Pkwy., Wilmington, de 19803Chief client contact: donald Pepin, director, marketing, (302) 477-6167, fax: (302) 477-6577e-mail: [email protected] site: www.dupontcapital.comtotal canadian assets managed: $16.7 milassets under specialist management: $16.7 mil (private equity $16.7 mil, mandates)domestic portfolio managers: 15domestic research staff: 19international portfolio managers: 1international research staff: 5Location: Wilmingtoninternational mandates offered: eafe core; eafe 100; eafe 30; emerging marketsfirm’s ownership: dcm is a wholly owned subsidiary of e.i. du Pont de nemours and company (duPont)dupont capital management (dcm) believes that asset markets are inefficient, and that securities are frequently mispriced. investors desiring to own popular issues tend to bid up the prices, paying excessive premiums to own these issues.

eagle asset management880 carillon Pkwy., st. Petersburg, fL 33716Chief client contact: Heather ogilvie, marketing specialist, (800) 235-3903, fax: (727) 567-8020e-mail: [email protected] site: www.eagleasset.comtotal canadian assets managed: $131.4 milPension assets: $53.3 mil (segregated $53.3 mil)clients: segregated 1domestic portfolio managers: 13domestic research staff: 11firm’s ownership: Wholly owned subsidiary of a financial institutionall managing directors and portfolio

managers have specific portfolio management duties and have final responsibility for all portfolio decisions: buys, sells and holds. each eagle program is built upon fundamental, bottom-up research.

eVergreen inVestments200 berkeley st. (Head office), boston 02116Chief client contact: Joseph Karpinski, managing director, consultant relations, senior vice-president, (617) 210-3200e-mail: [email protected] site: www.evergreeninvestments.comtotal canadian assets managed: $476.6 milPension assets: $449 mil (segregated $449 mil)clients: segregated 4domestic portfolio managers: 96domestic research staff: 59international portfolio managers: 12international research staff: 28Location: boston, newport beach, richmond, Londoninternational mandates offered: disciplined international core equity; disciplined global equity market; metWest international core value; international equity; international small cap equity; tattersall international equity cef; emerging markets; international bond; global asset reserve; global yield; global yield plusfirm’s ownership: Wholly owned subsidiary of a financial institutionevergreen is organized as a multi-manager, multi-product investment advisory organization with portfolio management teams specializing in various investment disciplines across a full range of asset classes and styles.

fidelity inVestments Canada ltd.ste. 300, 483 bay st., toronto m5G 2n7Chief client contact: michael barnett, executive vice-president, fidelity retirement services, (416) 307-5300, fax: (416) 307-5511e-mail: [email protected] site: www.fidelity.ca/retirementsolutionstotal canadian assets managed: $50,059 milPension assets: $8,557 mil (pooled $5,004 mil, segregated $3,553 mil)mutual fund assets: $41,331 milPooled funds: $5,004 mil (cdn. equity $1,537 mil, active; U.s. equity $125 mil, active; non-n.a. equity $990 mil, active; global equity $362 mil, active; emerging markets $20 mil; cdn. bonds $316 mil, active; real estate equity $1 mil; money market $259 mil; regional equity $13 mil; balanced $1,381 mil)clients: pooled 147, segregated 8domestic portfolio managers: 10domestic research staff: 12international portfolio managers: 233international research staff: 452Location: boston, London, tokyo, Hong Kong, Paris, frankfurt, mumbai, seoul, singapore, sydneyinternational mandates offered: eafe equity; global equity; global fixed income; global real estate; emerging markets equity; emerging markets debt; cdn. bond core plus; eafe equity plus; U.s. equity large cap core; U.s. equity 130/30firm’s ownership: Wholly owned by principalsfidelity’s investment management process is based upon the following three distinguishing elements: focused investment philosophy, bottom-up investment selection, and intensive industry-leading research resources. the foundation of its investment success

is a carefully developed and disciplined investment philosophy, which underlies the execution of each investment decision. the basics of the philosophy are to: 1) manage each portfolio according to a consistent, well-defined objective and policy, giving investors a clear understanding of how their investments will be managed; 2) seek to achieve maximum investment returns consistent with an explicit tolerance for risk; 3) use research as the central input to the investment decision-making process; 4) employ security selection as the primary source of value add to the portfolio; 5) give portfolio managers virtually unlimited access to resources and support, and in turn hold them accountable for performance; 6) fully invest equity portfolios at all times to ensure investors’ funds are working at their maximum potential. fidelity believes it is important to manage for long-term growth & return and not for short-term market swings. as a result, they do not attempt to predict market trends, or market-time. the firm practices a bottom-up approach to security selection based upon intense analysis of characteristics, or fundamentals of that particular investment opportunity. through this approach, fidelity selects securities that will perform well over long-term rising and declining markets.

fiera CaPital inC.ste. 800, 1501 mcGill college, montreal H3a 3m8Chief client contact: sam reda, vice-chairman, (514) 954-3300, fax: (514) 954-3325e-mail: [email protected] canadian assets managed: $12,250 milPension assets: $7,589.1 mil (pooled $713.2 mil, segregated $6,875.9 mil)Pooled funds: $605.3 mil (cdn. equity $36.9 mil, active; cdn. equity $9.2 mil, small cap; U.s. equity $31.7 mil, active; global equity $28.3 mil, active; cdn. bonds $316.4 mil, active; income trust $17.9 mil; alternative investments $12.2 mil; taa $6.3 mil; cash $3.9 mil; balanced $142.5 mil)assets under specialist management: $7,293.7 mil (cdn. equity $922.1 mil, 6 mandates, active; cdn. equity $173.7 mil, 1 mandate, index; cdn. equity $115.6 mil, 1 mandate, small cap; U.s. equity $66.1 mil, 1 mandate, active; U.s. equity $29.2 mil, 1 mandate, index; eafe equity $65.8 mil, 2 mandates; cdn. bonds $4,845.8 mil, 7 mandates, active; cdn. bonds $400.4 mil, 2 mandates, immunized/dedicated; cdn. bonds $70.4 mil, 1 mandate, passive; real return bonds $43.2 mil, 1 mandate; high-yield bonds $26.9 mil, 1 mandate; income trust $14.8 mil, 1 mandate; cash $383.2 mil, 1 mandate; balanced $136.5 mil, 1 mandate)domestic portfolio managers: 24international mandates offered: eafe equity; global equity; U.s. equityfirm’s ownership: 77% management and investment Professionals; 23% desjardins Groupfiera YmG offers competitive and innovative investment strategies that are driven by the firm’s unique expertise in active and structured fixed income, active equity, quantitative techniques and financial engineering.



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finlaB asset managementste. 800, 615 rené-Lévesque blvd. W., montreal H3b 1P5Chief client contact: mario Lavallée, president, (514) 397-9339, fax: (514) 397-0917e-mail: [email protected] site: www.finlab.catotal canadian assets managed: $2 mildomestic portfolio managers: 1domestic research staff: 1firm’s ownership: Wholly owned by principalsfinlab asset management is a north american equity portfolio manager with a small cap bias. Portfolios are constructed by selecting undervalued securities identified by proprietary models while minimizing absolute risk.

formula groWtH ltd.1010 sherbrooke st. W #2300, montreal H3a 2r7Chief client contact: ari Kiriazidis, account manager, (514) 288-5136, fax: (514) 844-4561e-mail: [email protected] site: www.formulagrowth.cafirm’s ownership: Wholly owned by principalsfounded in 1960, formula Growth is focused on small to mid-cap U.s. growth stocks. applying creativity and rigorous bottom-up analysis to a diverse portfolio of emerging growth companies. the firm maintains a small asset base to maximize returns.

foyston, gordon & Payne inC.ste. 2600, 1 adelaide st. e., toronto m5c 2v9Chief client contact: James Houston, vice-president, (416) 362-4725, fax: (416) 367-1183e-mail: [email protected] site: www.foyston.comtotal canadian assets managed: $9,208 milPension assets: $7,137 mil (pooled $3,089 mil, segregated $4,048 mil)Pooled funds: $3,089 mil (cdn. equity $942 mil, active; global equity $102 mil, active; balanced $2,045 mil)clients: pooled 66, segregated 32domestic portfolio managers: 4domestic research staff: 8international portfolio managers: 1international research staff: 8Location: torontointernational mandates offered: U.s. equity; private U.s. equity; international equity; private international equity; foreign equity; private combined equity fundfirm’s ownership: fGP employees, affiliated managers GroupfGP believe that excess investment returns are achieved by taking a long-term, value-oriented approach to investments based upon detailed, fundamental research. the firm’s bottom-up process focuses on selecting high-quality companies at a conservative price.

franKlin gloBal adVisersone franklin Pkwy., san mateo, ca 94403Chief client contact: see franklin templeton institutional, (650) 312-2000, fax: (650) 312-5606e-mail: see franklin templeton institutionalWeb site: www.franklintempletoninstitutional.cainternational portfolio managers: 33international research staff: 25Location: san mateo, new Yorkinternational mandates offered: U.s. growth equity: all cap; large cap; small mid cap; small cap; non-U.s. growth: large cap global; large cap non-U.s.; core/hybrid: income/balanced;

core growth; equity income; utilities; convertibles; real estate securities.firm’s ownership: Wholly owned by franklin resources, inc.franklin Global advisers, established in dec. 2006, is a global investment platform integrating the equity research and portfolio management teams of fiduciary Global advisors and those of franklin advisers equity Group. franklin Global advisers offers a full range of investment strategies (growth, hybrid, core and sector-specific) across all market capitalizations, and serving retail, institutional and high-net-worth investors.

franKlin temPleton fiXed inComeone franklin Pkwy., san mateo, ca 94403Chief client contact: see franklin templeton institutional, (650) 312-2000, fax: (650) 312-5606e-mail: see franklin templeton institutionalWeb site: www.franklintempletoninstitutional.catotal canadian assets managed: $1,195.8 milPension assets: $327.2 mil (segregated $327.2 mil)mutual fund assets: $868.6 milassets under specialist management: $327.2 mil (U.s. core plus fixed income $327.2 mil, 1 mandate)clients: segregated 1international portfolio managers: 49international research staff: 66Location: London, san mateo, new Yorkinternational mandates offered: cdn. core plus; U.s. high-yield; U.s. core; U.s. core plus; U.s. short-term; low & intermediate duration; U.s. mortgages; municipals & bank loans; global high-yield; global absolute return; global aggregate; global bond plus; global credit; global government; global multi-sector plus; european high-yield; european corporate bond; european aggregate; emerging markets debt opportunities; asian bond.firm’s ownership: Wholly owned by franklin resources, inc.the franklin templeton fixed income Group, established in January 2006, is a global fixed income platform integrating the fixed income teams of franklin advisers, inc., and fiduciary trust company international. its group is comprised of six major teams with more than 100 investment professionals. the group has the resources, scale, and breadth of expertise to provide world-class management across all key global and domestic fixed income asset classes.

franKlin temPleton institutionalste. 1500, 200 King st. W., toronto m5H 3t4Chief client contact: Harry marmer, senior vice-president, institutional investment services, (416) 957-6000, fax: (416) 364-6643e-mail: [email protected] site: www.franklintempletoninstitutional.catotal canadian assets managed: $20,889 milPension assets: $11,573 mil (pooled $4,916 mil, segregated $6,657 mil)Pooled funds: $4,916 mil (cdn. equity $757 mil, active; cdn. equity $302 mil, small cap; U.s. equity $48 mil, active; non-n.a. equity $1,171 mil, active; global equity $1,818 mil, active; emerging markets $49 mil; cdn. bonds $117 mil, active; global bonds $4 mil; cash $2 mil; balanced $648 mil)

assets under specialist management: $6,657 mil (cdn. equity $1,374 mil, 16 mandates, active; cdn. equity $72 mil, 1 mandate, small cap; U.s. equity $50 mil, 1 mandate, active; non-n.a. equity $3,294 mil, 15 mandates, active; global equity $827 mil, 5 mandates, active; emerging markets $554 mil, 1 mandate; cdn. bonds $2 mil, 1 mandate, active; balanced $484 mil, 10 mandates)clients: pooled 115, segregated 44domestic portfolio managers: 36domestic research staff: 13international portfolio managers: 241international research staff: 170Location: toronto, calgary, montreal, shanghai, nassau, edinburgh, fort Lauderdale, san mateo, chennai, London, Washington, fort Lee, Hong Kong, Johannesburg, Los angeles, melbourne, miami, mumbai, new York, seoul, short Hills, singapore, tokyo, rio de Janeiro, Warsaw, buenos aires, Paris, moscow, vienna, sao Paulo, mexico city, Hoofdorp, darien, rancho cordova, frankfurt, istanbul, dubaiinternational mandates offered: global; international; emerging markets; non-U.s. & U.s. equity; U.s. fixed income; global fixed income; cdn. portable alpha fixed income; emerging market debt; real estate; all cap strategy; balanced strategy; large; small & mid cap equity; regional mandates; bonds; hedge funds; income trust & dividend income; retirement target funds; alternativesfirm’s ownership: operating division of franklin templeton investments corp.franklin templeton institutional offers a comprehensive range of innovative investment strategies through leveraging a global platform of investment managers with more than 400 investment professionals located in over 50 offices worldwide. each manager adheres to a disciplined, proprietary investment style: bissett, darby, franklin, franklin templeton fixed income, mutual series, and templeton.

franKlin temPleton inVestments CorP.ste. 1500, 200 King st. W., toronto m5H 3t4Chief client contact: donald reed, president and chief executive officer, franklin templeton investments corp., (416) 957-6000, fax: (416) 364-6643e-mail: [email protected] site: www.franklintempleton.catotal canadian assets managed: $48,691 milPension assets: $11,573 mil (pooled $4,916 mil, segregated $6,657 mil)mutual fund assets: $24,450 milinsurance co. segregated funds: $92 milPooled funds: $4,916 mil (cdn. equity $757 mil, active; cdn. equity $302 mil, small cap; U.s. equity $48 mil, active; non-n.a. equity $1,171 mil, active; global equity $1,818 mil, active; emerging markets $49 mil; cdn. bonds $117 mil, active; global bonds $4 mil; cash $2 mil; balanced $648 mil)assets under specialist management: $6,657 mil (cdn. equity $1,374 mil, 16 mandates, active; cdn. equity $72 mil, 1 mandate, small cap; U.s. equity $50 mil, 1 mandate, active; non-n.a. equity $3,294 mil, 15 mandates, active; global equity $827 mil, 5 mandates, active; emerging markets $554 mil, 1 mandate; cdn. bonds $2 mil, 1 mandate, active; balanced $484 mil, 10 mandates)clients: pooled 115, segregated 44

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domestic portfolio managers: 36domestic research staff: 13international portfolio managers: 241international research staff: 170Location: toronto, calgary, montreal, shanghai, nassau, edinburgh, fort Lauderdale, san mateo, chennai, London, Washington, fort Lee, Hong Kong, Johannesburg, Los angeles, melbourne, miami, mumbai, new York, seoul, short Hills, singapore, tokyo, rio de Janeiro, Warsaw, buenos aires, Paris, moscow, vienna, sao Paulo, mexico city, Hoofdorp, darien, rancho cordova, frankfurt, istanbul, dubaiinternational mandates offered: global; international; emerging markets; non-U.s. & U.s. equity; U.s. fixed income; global fixed income; cdn. portable alpha fixed income; emerging market debt; real estate; all cap strategy; balanced strategy; large; small & mid cap equity; regional mandates; bonds; hedge funds; income trust & dividend income; retirement target funds; alternativesfirm’s ownership: Wholly owned by franklin resources, inc.franklin templeton investments offers a comprehensive range of innovative investment strategies for retail, institutional and high-net-worth clients through leveraging a global platform of investment managers with more than 400 investment professionals located in over 50 offices worldwide. each manager adheres to a disciplined, proprietary investment style: bissett, darby, fiduciary, franklin, franklin templeton fixed income, mutual series, and templeton.

front street CaPitalste. 600, 33 Yonge st., toronto m5e 1G4Chief client contact: bridget o’boyle, manager, client & dealer services, (416) 597-9595, fax: (416) 364-8893e-mail: [email protected] site: www.frontstreetcapital.comtotal canadian assets managed: $474 milPension assets: $474 mil (pooled $474 mil)domestic portfolio managers: 6domestic research staff: 1firm’s ownership: Wholly owned by principals

galileo gloBal eQuity adVisors inC.ste. 4730, 161 bay st., toronto m5J 2s1Chief client contact: michael Waring, president, (416) 594-0606, fax: (416) 594-0991e-mail: [email protected] site: www.galileoequity.comtotal canadian assets managed: $690 milPension assets: $477 mil (segregated $477 mil)mutual fund assets: $180 milassets under specialist management: $477 mil (cdn. equity $477 mil, 2 mandates, active)domestic portfolio managers: 3domestic research staff: 2firm’s ownership: 100% employee-ownedthe firm believes that the appropriate mix of higher-growth smaller and mid-cap growth stocks, combined with selected, more mature larger cap stocks will generate significant outperformance over the business cycle.

gam usa inC.330 madison ave., new York 10017Chief client contact: Kristin Hovencamp, director, institutional, (212) 407-4600, fax:

(646) 304-1816e-mail: [email protected] site: www.gam.comtotal canadian assets managed: $21.2 milPension assets: $20.9 mil (pooled $20.9 mil) Pooled funds: $20.9 mil (fund of hedge funds $20.9 mil)clients: pooled 1domestic portfolio managers: 29domestic research staff: 36international portfolio managers: 29international research staff: 36Location: London, new Yorkinternational mandates offered: european equity (long only and long/short); Japan equity (long only and long/short); Pacific including Japan equity (long only); asia exc. Japan equity (long only and long/short); U.s. equity (long only and long/short); UK equity (long only and long/short); global/international equity (long only and long/short)firm’s ownership: Wholly owned subsidiary of a financial institutionGam’s philosophy is distinctively active. the investment talent is widespread; no single investment management house can attract all the most successful fund managers. clients have access to funds of hedge funds and external specialist managers.

ge asset management3001 summer st., stamford, ct 06905Chief client contact: Keith smith, president, Ge asset management canada, (905) 858-6683, fax: (905) 858-5218e-mail: [email protected] site: www.geam.comtotal canadian assets managed: $4,380.1 milPension assets: $4,243.2 mil (pooled $898.4 mil, segregated $3,344.8 mil)Pooled funds: $623.6 mil (cdn. equity $127.9 mil, active; U.s. equity $294.5 mil, active; emerging markets $162.2 mil; private equity $39 mil)assets under specialist management: $4,243.2 mil (cdn. equity $228.1 mil, 1 mandate, active; U.s. equity $2,017.8 mil, 5 mandates, active; emerging markets $162.2 mil, 3 mandates; eafe equity $1,796.1 mil, 1 mandate; private equity $39 mil, 2 mandates)clients: pooled 16, segregated 8domestic portfolio managers: 2domestic research staff: 4international portfolio managers: 22international research staff: 25Location: stamford (ct - Usa), London, tokyo, shanghaiinternational mandates offered: china equity; international (eafe) equity; Japan equity; emerging markets equity; euroland equity; europe equity; global equity; india equity; int’l metals & mining; U.s. large cap value; U.s. large cap value; U.s. multi-style equity; U.s. research select; U.s. disciplined growth equity; U.s. premier growth equity; U.s. select value equity; U.s. real estate; and private equityfirm’s ownership: Wholly owned subsidiary of General electric companyGeam believes in a bottom-up approach to managing equities, fixed income, real estate & private equity. its hands-on process involves rigorous analyses of financial data, access to companies using the Ge network and high-tech information resources.

genus CaPital management inC.ste. 1690, 999 West Hastings st., vancouver v6c 2W2Chief client contact: christina mcLeod, portfolio manager, institutional clients, (604) 683-4554, fax: (604) 683-7294e-mail: [email protected] site: www.genuscap.comtotal canadian assets managed: $1,564.3 milPension assets: $375.3 mil (pooled $86.9 mil, segregated $288.4 mil)Pooled funds: $86.9 mil (cdn. equity $25.7 mil, active; global equity $14.9 mil, active; cdn. bonds $16.9 mil, active; balanced $29.4 mil)assets under specialist management: $345.5 mil (cdn. equity $313.7 mil, 2 mandates, active; global equity $14.9 mil, 1 mandate, active; cdn. bonds $16.9 mil, 1 mandate, active)clients: pooled 8, segregated 1domestic portfolio managers: 2domestic research staff: 4international portfolio managers: 2international research staff: 4Location: vancouverinternational mandates offered: international equity; U.s. equity; global bonds; sri global equity; U.s. income. U.s. equity and international equity investments combined make up approximately 2/3 of the equity fund and the dividend equity fund.firm’s ownership: Wholly owned by principalsGenus is a canadian pioneer in quantitative research and barra risk management technology. since its inception, the firm has adhered to a quantitative, bottom-up process that creates core portfolios with a low tracking error and a high ir.

gestion sodageP inC.ste. 1115, 2021 Union st., montreal H3a 2s9Chief client contact: Guy Liebart, president, (514) 844-7973, fax: (514) 844-5755e-mail: [email protected] canadian assets managed: $715.1 milPension assets: $171 mil (segregated $171 mil)mutual fund assets: $32.8 milassets under specialist management: $97 mil (cdn. bonds $97 mil, 4 mandates, active)clients: segregated 7domestic portfolio managers: 2domestic research staff: 2firm’s ownership: Wholly owned by principalsthe firm tries to achieve superior results by developing specific strategies in each asset class, using fundamental and technical tools. Particularly, the active management of fixed income portfolios has generated top results over the last ten years.

gloBal alPHa CaPital management ltd.ste. 300, 181 University ave., toronto m5H 3m7Chief client contact: bruce shewfelt, head of institutional sales, connor, clark & Lunn financial Group, (416) 862-2020, fax: (416) 363-2089e-mail: [email protected] canadian assets managed: $24.7 mildomestic portfolio managers: 1international portfolio managers: 1Location: torontointernational mandates offered: global fund of hedge fundsfirm’s ownership: Partnership between



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investment professionals and connor, clark & Lunn financial GroupGlobal alpha seeks to generate absolute returns with low correlation to traditional equities. by actively allocating among hedge fund strategies, the fund seeks to add a tactical component to improve returns and reduce volatility.

gloBeinVest CaPital management inC.ste. 3308, 20 Queen st. W., toronto m5H 3r3Chief client contact: Peter brieger, chairman and chief executive officer, (416) 591-7100, fax: (416) 591-7133e-mail: [email protected] site: www.globe-invest.comtotal canadian assets managed: $85 mildomestic portfolio managers: 2domestic research staff: 2firm’s ownership: Wholly owned by principalsGlobeinvest focuses on fixed income securities and domestic and global equities. it primarily uses a value approach with a focus on dividends and distributions. When assessing growth, it follows a policy of growth at a reasonable price.

glusKin sHeff + assoCiates inC.ste. 4600, 181 bay st., brookfield Place, Po box 774, toronto m5J 2t3Chief client contact: Jeremy freedman, executive vice-president, chief operating officer, (416) 681-6000, fax: (416) 681-6060e-mail: [email protected] site: www.gluskinsheff.comtotal canadian assets managed: $5,399.9 milPension assets: $657.7 mil (segregated $657.7 mil)assets under specialist management: $793 mil (canadian equity $128 mil, active; north american equity $317 mil; cdn. income trusts $202 mil; cdn. equity & income trusts $146 mil)international portfolio managers: 3international research staff: 10Location: torontointernational mandates offered: Us equity; eafe equity; global equityfirm’s ownership: 74% owned by Principals, 26% Publicly ownedbottom-up approach to stock selection with focus on company and industry fundamentals. management interviews integral part of process. Portfolios hold a limited number of stocks. decisions are long-term oriented, can respond quickly to market opportunities.

gmo llC40 rowes Wharf, boston 02110Chief client contact: Paul robertson, business development, (617) 330-7500, fax: (617) 261-0134e-mail: [email protected] site: www.gmo.comdomestic portfolio managers: 42domestic research staff: 40firm’s ownership: Wholly owned by principals

goldman saCHs asset management, lP32 old slip, new York 10005Chief client contact: suzanne donohoe, managing director, head of U.s. distribution, (212) 902-1000, fax: (212) 428-3150Web site: www.gs.comtotal canadian assets managed: $4,801 milPension assets: $4,460 mil (pooled $332 mil, segregated $4,128 mil)

insurance co. segregated funds: $74 milPooled funds: $332 mil (U.s. equity $14 mil, active; hedge funds $103 mil; private equity $215 mil)clients: pooled 10, segregated 14domestic portfolio managers: 76domestic research staff: 38international portfolio managers: 45international research staff: 23Location: London, singapore, and tokyointernational mandates offered: global equity; international equity; fixed income including eafe; emerging markets; country-specific and bricsfirm’s ownership: delaware Limited Partnership

goodman & ComPany, inVestment Counsel ltd.dundee Place, 1 adelaide st. e., 29th fl., toronto m5c 2v9Chief client contact: Yvette bland, senior vice-president (pensions), (416) 365-2546, fax: (416) 365-6470e-mail: [email protected] site: www.dynamic.catotal canadian assets managed: $23,896 milmutual fund assets: $21,787 milinsurance co. segregated funds: $5 mildomestic portfolio managers: 3domestic research staff: 3firm’s ownership: Wholly owned subsidiary of a financial institutionthe investment process is customized to a client-specific investment solution. the focus is on balancing style and risk with multi-manager programs.

greystone managed inVestments inC.300-1230 blackfoot dr., regina, sK s4s 7G4Chief client contact: mark schoenhals, chief marketing officer, (306) 779-6400, fax: (306) 585-1570e-mail: [email protected] site: www.greystone.catotal canadian assets managed: $31,610 milPension assets: $23,461 mil (pooled $2,210 mil, segregated $21,251 mil)Pooled funds: $1,902.5 mil (cdn. equity $601 mil, active; global equity $23.6 mil, active; cdn. bonds $18.1 mil, active; real estate equity $194.9 mil; cash $7.3 mil; balanced $1,057.6 mil)assets under specialist management: $23,461.2 mil (cdn. equity $7,250.4 mil, 44 mandates, active; U.s. equity $152.6 mil, 1 mandate, active; global equity $23.6 mil, 1 mandate, active; eafe equity $307.5 mil, 2 mandates; cdn. bonds $1,103.4 mil, 8 mandates, active; real estate equity $1,411.8 mil, 14 mandates; $261.2 mil, 1 mandate; cash $7.3 mil, 2 mandates; balanced $12,943.4 mil, 53 mandates)clients: pooled 58, segregated 68domestic portfolio managers: 17domestic research staff: 12international portfolio managers: 34Location: new York, torontointernational mandates offered: eafe plus (blend); eafe growth; eafe quantitative; U.s. large cap value; U.s. large cap growthfirm’s ownership: 66% employee-owned; minority shareholders are 3 pension fundsan active manager, using a growth equity style (mid-large cap). fixed income combines interest-rate anticipation with active trading.

decision-making is team-based, using analytical tools and individual research. segregated and pooled fund services.

gryPHon inVestment Counsel inC.ste. 1905, 20 bay st., toronto m5J 2n8Chief client contact: michael Pears, managing partner, (416) 364-2299, fax: (416) 362-5552e-mail: [email protected] site: www.gryphon.catotal canadian assets managed: $2,169.9 milPension assets: $1,539 mil (pooled $625.4 mil, segregated $913.6 mil)Pooled funds: $586.1 mil (global equity $466.4 mil, active; balanced $119.7 mil)assets under specialist management: $1,538.9 mil (cdn. equity $167.9 mil, 3 mandates, active; global equity $466.4 mil, 6 mandates, active; eafe equity $193.2 mil, 5 mandates; balanced $711.4 mil, 7 mandates)clients: pooled 12, segregated 7domestic portfolio managers: 2domestic research staff: 1firm’s ownership: Wholly owned by principalsbalanced fund: top-down, value added by actively managing the asset mix and security selection. equity investment style: growth at a reasonable price, thematic, large cap. fixed income: duration management and yield curve optimization.

guardian CaPital lPste. 3100, commerce court W., Po box 201, toronto m5L 1e8Chief client contact: nadi naderi, vice-president, investment services, (416) 947-4039, fax: (416) 364-9634e-mail: [email protected] site: www.guardiancapitallp.catotal canadian assets managed: $16,124.9 milPension assets: $8,144.2 mil (pooled $270.9 mil, segregated $7,873.3 mil)mutual fund assets: $4,119.7 milPooled funds: $270.9 mil (cdn. equity $92.8 mil, active; cdn. equity $24.5 mil, small cap; global equity $7.6 mil, active; cdn. bonds $2.7 mil, active; high-yield bonds $12.5 mil; balanced $130.8 mil)assets under specialist management: $8,144.2 mil (cdn. equity $6,267.2 mil, 25 mandates, active; cdn. equity $253.5 mil, 4 mandates, small cap; global equity $7.6 mil, active; cdn. bonds $297.9 mil, 2 mandates, active; cdn. bonds $601.7 mil, 1 mandate, immunized/dedicated; real return bonds $92 mil; high-yield bonds $12.5 mil, 2 mandates; income trust $116.6 mil, 2 mandates; long-term bond $47.9 mil; balanced $447.3 mil, 7 mandates)clients: pooled 14, segregated 29domestic portfolio managers: 12domestic research staff: 2international portfolio managers: 3international research staff: 2Location: torontointernational mandates offered: U.s. equity; eafe; global equity; global bond firm’s ownership: Wholly owned subsidiary of a financial institutionfundamental research, superior security selection and implementation of a disciplined approach are utilized. a bottom-up and top-down approach for portfolio construction, with the primary emphasis on a bottom-up process is used.

gWl inVestment management ltd.100 osborne st. n., Winnipeg r3c 3a5


Chief client contact: Patrick clarke, vice-president, investment counselling, (204) 946-7554, fax: (204) 946-8818e-mail: [email protected] site: www.gwlim.catotal canadian assets managed: $16,598.2 milPension assets: $6,585.5 mil (pooled $4,892.9 mil, segregated $1,692.6 mil)Pooled funds: $4,892.9 mil (balanced $4,892.9 mil)assets under specialist management: $1,692.6 mil (cdn. equity $369.6 mil, 2 mandates, active; U.s. equity $152.5 mil, 1 mandate, active; eafe equity $194 mil, 1 mandate; cdn. bonds $537.6 mil, 2 mandates, active; real estate equity $4.6 mil, 2 mandates; balanced $434.3 mil, 10 mandates)domestic portfolio managers: 7domestic research staff: 5international mandates offered: U.s. equity; eafe equity; asian equity; international equity; global equity; european equity; Japan equity; emerging markets; global bond ex-canadafirm’s ownership: Wholly owned subsidiary of a financial institutiondisciplined risk-averse; adds value through asset allocation decisions and superior stock selection. top-down growth manager. demonstrated expertise in specialty assets, including real estate, mortgages and equity indexing.

HeXaVest inC.ste. 1340, 1100 rené-Lévesque blvd. W., montreal H3b 4n4Chief client contact: robert brunelle, senior vice-president, (514) 390-8484, fax: (514) 390-1184e-mail: [email protected] site: www.hexavest.comtotal canadian assets managed: $1,028.4 milPension assets: $1,028.4 mil (pooled $900.8 mil, segregated $127.6 mil)Pooled funds: $426.8 mil (cdn. equity $13.1 mil, active; U.s. equity $29.5 mil, active; global equity $369.2 mil, active; tactical asset allocation $15 mil)assets under specialist management: $127.7 mil (global equity $11.4 mil, 1 mandate, active; eafe equity $85.7 mil, 2 mandates; tactical asset allocation $30.6 mil, 1 mandate)clients: pooled 35, segregated 4domestic portfolio managers: 2domestic research staff: 1international portfolio managers: 5international research staff: 1Location: montrealinternational mandates offered: U.s. equity; eafe equity; global equity; european equity; Pacific equityfirm’s ownership: Wholly owned by principalsHexavest believes that by actively managing all drivers of performance, it will maximize its chances of success while minimizing the risk of underperformance. the firm puts emphasis on preserving the capital entrusted to it.

HigHstreet asset management inC.ste. 350, 244 Pall mall st., London, on n6a 5P6Chief client contact: Jim mcGill, senior vice-president, (877) 850-9500, fax: (519) 850-1214e-mail: [email protected] site: www.highstreet.ca

total canadian assets managed: $2,772 milPension assets: $1,676.6 mil (pooled $287.8 mil, segregated $1,388.8 mil)Pooled funds: $287.8 mil (cdn. equity $221.5 mil, active; balanced $66.3 mil)clients: pooled 8, segregated 6domestic portfolio managers: 6domestic research staff: 5international portfolio managers: 1Location: bostoninternational mandates offered: U.s. equity; eafe equityfirm’s ownership: partnershipHighstreet asset management manages bonds using an enhanced passive approach. the firm’s quantitative bottom-up process for equities provides objective team decisions and consistency. risk management is integrated into the portfolio management.

Hillsdale inVestment management inC.ste. 2100, 100 Wellington st. W., toronto m5K 1J3Chief client contact: John motherwell, vice-president, institutional sales, (416) 913-3923, fax: (416) 913-3901e-mail: [email protected] site: www.hillsdaleinv.comtotal canadian assets managed: $348 milPension assets: $248 mil (pooled $33 mil, segregated $215 mil)Pooled funds: $33 mil (cdn. equity $33 mil, active)assets under specialist management: $135 mil (cdn. equity $135 mil, 1 mandate, active)domestic portfolio managers: 4domestic research staff: 5firm’s ownership: 65% owned by principals, 35% private outside investors.Hillsdale’s style-agnostic approach removes biases. rational decision-making and rigorous risk management result in superior performance. the firm uses a dynamic, multi-factor model to rank investments based on key drivers.

Him monegy, inC.302 bay st., 12th fl., toronto m5X 1a1Chief client contact: Linda Watts, product specialist, (416) 359-4237, fax: (416) 359-5155e-mail: [email protected] site: www.monegy.comtotal canadian assets managed: $144.6 milPension assets: $144.6 mil (segregated $144.6 mil)clients: segregated 1firm’s ownership: Wholly owned subsidiary of a financial institutionHim monegy is dedicated to managing high-yield assets. the firm’s approach emphasizes broad diversification as the key to stable portfolios. the firm has a unique style that combines leading-edge credit-risk measurement technology with fundamental analysis.

HoriZon ��0 and assoCiates inC.Po box 306, Hudson Heights, Qc J0P 1J0Chief client contact: francoys viau, president, (450) 458-0930, fax: (450) 458-7562e-mail: [email protected] canadian assets managed: $273 milPension assets: $273 mil (segregated $273 mil)assets under specialist management: $273 mil (cdn. bonds $273 mil, 5 mandates, active)clients: segregated 5domestic portfolio managers: 2

firm’s ownership: Wholly owned by principalsspecialized in canadian fixed income management, Horizon adds value with lower risk than the market. Horizon’s investment philosophy is based on the premise that the only way to add value by a meaningful margin is through active duration management.

HoWson tattersall inVestment Counsel limitedste. 1100, 70 University ave., toronto m5J 2m4Chief client contact: robert Leblanc, vice-president, institutional, (416) 227-1617, fax: (416) 979-7424e-mail: [email protected] site: www.howsontattersall.comtotal canadian assets managed: $3,445.7 milPension assets: $982.7 mil (pooled $328 mil, segregated $654.7 mil)mutual fund assets: $2,005.5 milPooled funds: $328 mil (cdn. equity $122.7 mil, active; cdn. equity $13.4 mil, small cap; global equity $108.9 mil, active; cdn. bonds $81.1 mil, active; short-term $1.9 mil)assets under specialist management: $654.7 mil (cdn. equity $5 mil, 1 mandate, active; cdn. equity $469.7 mil, 5 mandates, small cap; U.s. equity $4 mil, 1 mandate, active; non-n.a. equity $2.5 mil, 1 mandate, active; global equity $50.7 mil, 1 mandate, active; balanced $122.8 mil, 2 mandates)clients: pooled 12, segregated 7domestic portfolio managers: 7domestic research staff: 7international portfolio managers: 3international research staff: 1Location: torontointernational mandates offered: international; U.s. equity; global equity; global small cap; U.s. small capfirm’s ownership: Public companyHtic’s value-oriented bottom-up investment style provides a statistically grounded approach to the analysis of investment opportunities that is consistently applied across all its products.

HsBC inVestments (Canada) limited1066 West Hastings st., 19th fl., vancouver v6e 3X1Chief client contact: murray mcLean, toronto, (416) 868-1584, head of institutional investments, (604) 257-1000, fax: (604) 713-4308e-mail: [email protected] site: www.hsbc.ca/hsbcinvestmentstotal canadian assets managed: $7,087.6 milPension assets: $539.6 mil (pooled $72.6 mil, segregated $467 mil)mutual fund assets: $2,911.9 milPooled funds: $72.6 mil (cdn. equity $6.6 mil, active; global equity $4.7 mil, active; cdn. bonds $5 mil, active; cash $3 mil; balanced $53.3 mil)assets under specialist management: $210.7 mil (global macro $124.7 mil, 1 mandate; chinese equity $86 mil, 1 mandate)clients: pooled 3, segregated 3domestic portfolio managers: 4domestic research staff: 5international portfolio managers: 556Location: new York, London, Hong Kong, Paris, singaporeinternational mandates offered: U.s. equity; eafe equity; global equity; european equity;



benefitscanada.com�� november 2007

emerging markets equity; Gtaa; global fixed income; GiLb; global macro; regional equity; emerging market debt; global bond market neutral; srifirm’s ownership: subsidiary of a financial institutionHsbc investments (canada) Limited couples macroeconomic top-down sector/asset allocation with fundamental bottom-up security selection. this combined process recognizes the importance of security valuations and the significance of the business cycle.

HusiC CaPital managementone front st., 36th fl., san francisco 94111Chief client contact: Jenny ting, marketing manager, (415) 398-0800, fax: (415) 398-8616e-mail: [email protected] site: www.Husic.cominternational portfolio managers: 1international research staff: 1Location: san franciscointernational mandates offered: U.s. equityfirm’s ownership: Wholly owned by principalsHcm’s investment philosophy is based on fundamental, research-driven, bottom-up stock picking. the firm looks to add value by finding a unique selection of america’s fastest-growing companies and reaping returns by focusing on the early recognition of change.

industrial allianCe grouP1080 Grande-allée ouest, Po box 1907, sillery, Qc G1K 7m3Chief client contact: rené chabot, vice-president, group pension, (418) 684-5000, fax: (418) 684-5187e-mail: [email protected] site: www.inalco.comtotal canadian assets managed: $25,990.8 milPension assets: $1,811.3 mil (pooled $957.9 mil, segregated $853.4 mil)mutual fund assets: $4,286.9 milinsurance co. segregated funds: $4,981 milPooled funds: $957.9 mil (cdn. equity $143.1 mil, active; cdn. equity $2.7 mil, index; cdn. bonds $357.1 mil, active; cash $35.3 mil; balanced $419.7 mil)assets under specialist management: $173.4 mil (cdn. bonds $173.4 mil, 7 mandates, immunized/dedicated)clients: pooled 1, segregated 15domestic portfolio managers: 13domestic research staff: 2international mandates offered: global large cap equity; global small cap equity; eafe; U.s. equity; global reit.firm’s ownership: Publicly ownedcombination of the top-down approach for asset mix decisions and sector allocations using macroeconomic anticipations toward asset classes. rigorous fundamental analysis is applied for final security selection.

ing inVestment managementste. 920, 2000 mcGill college, montreal H3a 3H3Chief client contact: marc Provost, senior vice-president, managing director and chief investment officer, (514) 350-4900, fax: (514) 350-8550e-mail: [email protected] site: www.ingim.comtotal canadian assets managed: $6,824.5 milPension assets: $560.6 mil (pooled $560.6 mil) Pooled funds: $521 mil (cdn. equity $168.8

mil, active; cdn. equity $41 mil, small cap; U.s. equity $42.2 mil, active; cdn. bonds $261.2 mil, active; cash $7.8 mil)clients: pooled 1domestic portfolio managers: 5domestic research staff: 5firm’s ownership: Wholly owned subsidiary of a financial institutioninG uses a bottom-up security selection. the firm’s sector allocation is almost passive, and its canadian equities stock picking is large cap and small cap growth at a reasonable price with active trading strategies.

integra CaPital management CorP.ste. 200, 2020 Winston Park dr., oakville, on L6H 6X7Chief client contact: stephen Johnson, partner, (800) 363-2480, fax: (905) 829-2726e-mail: [email protected] site: www.integra.comtotal canadian assets managed: $3,560.2 milPension assets: $3,143.3 mil (pooled $2,194.8 mil, segregated $948.5 mil)mutual fund assets: $160.7 milPooled funds: $2,194.8 mil (cdn. equity $226 mil, active; U.s. equity $176.2 mil, active; non-n.a. equity $170.6 mil, active; global equity $136.7 mil, active; cdn. bonds $30.9 mil, active; hedge funds $0.01 mil; cash $51.1 mil; balanced $1,403.4 mil)assets under specialist management: $1,271.7 mil (U.s. equity $399.7 mil, 8 mandates, active; non-n.a. equity $75.2 mil, 3 mandates, active; global equity $590.3 mil, 3 mandates, active; cdn. bonds $1.2 mil, 1 mandate, active; multi-strategy alpha port $20.6 mil, 1 mandate; currency overlay $178.2 mil, 1 mandate; U.s. bonds $6.5 mil, 1 mandate, active)clients: pooled 93, segregated 5domestic portfolio managers: 1domestic research staff: 1international portfolio managers: 8Location: Los angeles, dallas, boston, London, montrealfirm’s ownership: majority owned by principalsinteGra provides separate and pooled fund services for db and dc, endowments and foundations. in 2005, integra partnered with Putnam & Panagora to provide all institutional investment strategies of Putnam and Panagora in canada.

integrated asset management CorP.ste. 1200, 70 University avenue, toronto m5J 2m4Chief client contact: david mather, executive vice-president, (416) 933-8274, fax: (416) 360-7446e-mail: [email protected] site: www.iamgroup.ca, www.imfc.ca, www.gpma.ca, www.blumontcapital.comtotal canadian assets managed: $3,000 milPension assets: $2,050 mil (pooled $1,850 mil, segregated $200 mil)Pooled funds: $1,850 mil (real estate equity $1,850 mil)assets under specialist management: $1,275 mil (real estate equity $150 mil, 1 mandate; hedge funds $850 mil, 16 mandates; managed futures $25 mil, 2 mandates; private equity $50 mil, mandates; private debt $200 mil, 1 mandate)clients: pooled 40, segregated 1

domestic portfolio managers: 2domestic research staff: 2firm’s ownership: Public company, majority owned by principalsintegrated asset management is a publicly traded company that offers five specialty alternative asset classes: private equity, private corporate debt, real estate, managed futures and hedge funds.

iridian asset management llC276 Post rd. W., Westport, ct 06880Chief client contact: alice Hicks, executive vice-president, (203) 341-7800, fax: (203) 341-7802e-mail: [email protected] portfolio managers: 4international research staff: 10Location: Westport, ctinternational mandates offered: private business value/large-cap equity; private business value/ mid-cap equity; long/short equity fund.firm’s ownership: Wholly owned subsidiary of a financial institutioniridian seeks to provide long-term capital appreciation using a bottom-up, value-based, fundamental-driven approach focused on the identification of primarily medium-to-large capitalization companies in the process of corporate change.

J. ZeCHner assoCiates inC.ste. 4750, bce Place, 161 bay st., box 623, toronto m5J 2s1Chief client contact: david cohen, president, (416) 867-8649, fax: (416) 867-8705e-mail: [email protected] site: www.jzechner.comtotal canadian assets managed: $2,188 milPension assets: $2,135 mil (segregated $2,135 mil)mutual fund assets: $23 milassets under specialist management: $2,151 mil (cdn. equity $852 mil, 11 mandates, active; cdn. bonds $784 mil, 8 mandates, active; real return bonds $15 mil, 1 mandate; balanced $500 mil, 6 mandates)clients: segregated 23domestic portfolio managers: 5domestic research staff: 3firm’s ownership: Wholly owned by principalsthe firm’s investment philosophy is that active management is required to outperform the indices. its strength is the ability to correctly identify economic and business trends and add value through asset allocation and security selection.

Janus CaPital grouP inC.151 detroit st., denver, co 80206Chief client contact: robert broley, vice-president, institutional sales, (800) 227-0486, fax: (303) 394-7697e-mail: [email protected] site: www.janus.comtotal canadian assets managed: $2,197.8 milPension assets: $2,143.8 mil (segregated $2,143.8 mil)clients: segregated 6domestic portfolio managers: 18domestic research staff: 36international portfolio managers: 3international research staff: 9Location: denver, cointernational mandates offered: international equity; global equity


firm’s ownership: Publicly owned companyJanus is a leading investment management firm specializing in finding growth through relentless research. Janus employs a bottom-up, company-by-company investment approach based on the conviction that stock prices ultimately follow earnings growth.

JarisloWsKy, fraser limitedste. 2005, 1010 sherbrooke st. W., montreal H3a 2r7Chief client contact: blain caverly, senior partner, (514) 842-2727, fax: (514) 842-1882e-mail: [email protected] site: www.jfl.catotal canadian assets managed: $54,175 milPension assets: $28,783 mil (pooled $6,758 mil, segregated $22,025 mil)mutual fund assets: $5,363 milPooled funds: $6,758 mil (cdn. equity $3,518 mil, active; U.s. equity $120 mil, active; non-n.a. equity $333 mil, active; global equity $22 mil, active; cdn. bonds $262 mil, active; balanced $2,503 mil)assets under specialist management: $22,025 mil (cdn. equity $9,461 mil, 59 mandates, active; U.s. equity $343 mil, 3 mandates, active; non-n.a. equity $658 mil, 5 mandates, active; cdn. bonds $216 mil, 11 mandates, active; equity only $684 mil, 14 mandates; canadian domestic balanced $2,613 mil, 17 mandates; cash $129 mil, 4 mandates; balanced $7,921 mil, 91 mandate)domestic portfolio managers: 7domestic research staff: 6international portfolio managers: 7international research staff: 5Location: montreal, toronto, calgaryinternational mandates offered: U.s. equity; eafe equity; global equity; eafe+ equityfirm’s ownership: Wholly owned by principalsrelying primarily on internal resources, Jarislowsky fraser follows a bottom-up strategy to choosing growth stocks at a reasonable price. the bias is to large-cap market leaders with significant and sustainable competitive advantages.

Jensen inVestment management, inC.ste. 2130, 1211 sW 5th ave., Portland, or 97204Chief client contact: bob millen, principal, portfolio manager, (503) 274-2044, fax: (503) 274-2031e-mail: [email protected] site: http://www.jenseninvestment.comdomestic portfolio managers: 3domestic research staff: 4firm’s ownership: Wholly owned by principalsJensen uses a fundamental, bottom-up approach to stock selection. Work is done to consider quality and consistency of earnings, strength of management and balance sheet, competitive advantages, and ability to produce increasing levels of free cash flow.

Jones HeWard inVestment Counsel inC.ste. 4200, 77 King st. W., toronto m5K 1J5Chief client contact: bill mcdonnell, senior vice-president, marketing, (416) 359-5043, fax: (416) 359-5950e-mail: [email protected] site: www.jonesheward.comtotal canadian assets managed: $33,530.7 milPension assets: $1,481.6 mil (pooled $3.4 mil,

segregated $1,478.2 mil)mutual fund assets: $26,572.4 milinsurance co. segregated funds: $770 milPooled funds: $3.4 mil (balanced $3.4 mil)assets under specialist management: $1,478.2 mil (cdn. equity $274.9 mil, 2 mandates, active; cdn. bonds $134.6 mil, 2 mandates, active; money market $184.8 mil, 2 mandates; balanced $883.9 mil, 2 mandates)clients: pooled 1, segregated 6domestic portfolio managers: 11domestic research staff: 3international portfolio managers: 7international research staff: 11Location: chicagointernational mandates offered: global equityfirm’s ownership: Wholly owned subsidiary of a financial institutionequities: invest in companies that create long-term wealth. Portfolio risk is diversified, and commitment to investment process maintained. fixed philosophy: primary goal is capital preservation and returns commensurate with given level of risk.

JPmorgan asset management245 Park ave., new York 10167Chief client contact: mark doyle, vice-president, senior client advisor, (212) 483-2323, fax: (212) 648-1510e-mail: [email protected] site: www.jpmorgan.com/assetmanagementtotal canadian assets managed: $13,635 milPension assets: $13,137 mil (pooled $2,541 mil, segregated $10,596 mil)Pooled funds: $692 mil (global equity $52 mil, active; hedge funds $591 mil; private equity $9 mil; U.s. fixed income $40 mil)assets under specialist management: $11,963 mil (U.s. equity $2,269 mil, 3 mandates, active; eafe equity $2,952 mil, 5 mandates; hedge funds $591 mil, 3 mandates; private equity $9 mil, mandates; currency overlay $2,498 mil, 3 mandates; european balanced $1,278 mil, 1 mandate; Japan equity $803 mil, 3 mandates; Pac rim equity $1,525 mil, 2 mandates; U.s. fixed income $38 mil, 1 mandate)clients: pooled 27, segregated 11international portfolio managers: 375international research staff: 282firm’s ownership: Wholly owned subsidiary of a financial institutionJPmorgan asset management has a transparent and uniform investment philosophy applicable across products and processes: active management; global research; multiple investment decisions; risk controls; guided by essential principles of investing.

Julius Baer inVestment management llCste. 2600, 161 bay st., toronto m5J 2s1Chief client contact: Jeff Horbal, first vice-president, director, institutional investments, (416) 862-2237, fax: (416) 862-2600e-mail: [email protected] site: www.juliusbaer.comtotal canadian assets managed: $1,653.1 milPension assets: $1,653.1 mil (pooled $115.2 mil, segregated $1,537.9 mil)Pooled funds: $115.2 mil (non-n.a. equity $53.9 mil, active; global equity $24.4 mil, active; global bonds $36.9 mil)assets under specialist management: $1,653.1

mil (non-n.a. equity $1,591.8 mil, 1 mandate, active; global equity $24.4 mil, 1 mandate, active; global bond $36.9 mil, 1 mandate)clients: pooled 4, segregated 5international portfolio managers: 22Location: new Yorkinternational mandates offered: international equity ii; global equity; total return bond; global high incomefirm’s ownership: Wholly owned subsidiary of a financial institutionJbim is a core manager of global and international equities. in developed markets, Jbim uses a bottom-up approach focusing on industry-specific factors, whereas in emerging markets it uses a top-down approach. in Japan, Jbim uses a hybrid approach.

KBsH CaPital management inC.ste. 700, one toronto st., toronto m5c 2v6Chief client contact: craig auwaerter, vice-president, head of institutional marketing, (416) 863-1433, fax: (416) 868-1770e-mail: [email protected] site: www.kbsh.catotal canadian assets managed: $3,065.1 milPension assets: $2,189.3 mil (pooled $441.5 mil, segregated $1,747.8 mil)mutual fund assets: $2.1 milPooled funds: $441.5 mil (cdn. equity $46.4 mil, active; cdn. equity $5.4 mil, small cap; U.s. equity $13.5 mil, active; non-n.a. equity $20.5 mil, active; global equity $1.4 mil, active; emerging markets $1.2 mil; cdn. bonds $86.5 mil, active; cdn. equity (mid-cap focus) $71.2 mil; cash $2.4 mil; balanced $193.1 mil)assets under specialist management: $1,747.8 mil (cdn. equity $389.7 mil, 4 mandates, active; U.s. equity $211.4 mil, 1 mandate, active; cdn. bonds $325 mil, 4 mandates, active; balanced $821.7 mil, 8 mandates)clients: pooled 39, segregated 17domestic portfolio managers: 5domestic research staff: 2international portfolio managers: 2international research staff: 1Location: torontointernational mandates offered: U.s. growth equity; U.s. equity small capitalization; eafe equity; emerging markets equity; european equity; global equity; Pacific basin equity; eafe equity small capitalization; global equity small capitalizationfirm’s ownership: KbsH capital management inc. is a wholly owned, independently operated subsidiary of ci financial income fund.KbsH actively manages all asset classes internally, focusing on a global team approach to balanced fund and specialty portfolio management. the KbsH approach to all investments is fundamental financial analysis. to provide the highest investment returns without subjecting portfolios to undue risk, the firm employs a disciplined security selection process to invest in well-managed companies that exhibit above-average growth criteria.

Keel CaPital management inC.200 Waterfront dr., Halifax, ns b4a 4J4Chief client contact: Karen Henderson, vice-president, client development, (902) 444-8086, fax: (902) 444-8088e-mail: [email protected] site: www.keelcapital.catotal canadian assets managed: $2,433 mil




Pension assets: $2,433 mil (pooled $2,433 mil) Pooled funds: $2,433 mil ($2,433 mil)clients: pooled 1domestic portfolio managers: 3domestic research staff: 4firm’s ownership: Wholly owned by principalsKeel blends a risk management team of highly skilled research and actuarial professionals with a knowledgeable, experienced investment team, creating a strong risk management culture and a practical, principles-based approach to investing.

KingWest & ComPany86 avenue rd., toronto m5r 2H2Chief client contact: tim regan, managing director, (416) 927-7740, fax: (416) 927-9264e-mail: [email protected] site: www.kingwest.comtotal canadian assets managed: $1,626.5 milPension assets: $110 mil (segregated $110 mil)mutual fund assets: $1,051 milinsurance co. segregated funds: $46 milclients: segregated 2domestic portfolio managers: 2domestic research staff: 2international portfolio managers: 2international research staff: 2Location: torontointernational mandates offered: U.s. equityfirm’s ownership: Wholly owned by principalsKingwest is a value investor. the firm invests in companies whose business it understands, where the interests of management are aligned with those of their shareholders, and there is a 40% gap between the share price and the value of the business.

laKeton inVestment management ltd.ste. 800, 130 adelaide st. W., toronto m5H 3P5Chief client contact: sean o’Hara, director, marketing and business development, (416) 864-3398, fax: (416) 864-3377e-mail: sean.o’[email protected] site: www.laketon.comtotal canadian assets managed: $6,703 milPension assets: $2,167 mil (pooled $651 mil, segregated $1,516 mil)insurance co. segregated funds: $2,631 milPooled funds: $651 mil (cdn. equity $208 mil, active; cdn. bonds $153 mil, active; cash $149 mil; balanced $141 mil)assets under specialist management: $1,503 mil (cdn. equity $1,060 mil, 7 mandates, active; cdn. bonds $443 mil, 4 mandates, active)clients: pooled 2, segregated 10domestic portfolio managers: 6domestic research staff: 3international mandates offered: U.s. equity; eafe equity; global equityfirm’s ownership: Wholly owned subsidiary of a financial institutionLaketon investment management is focused on the management of cdn. growth equity, cdn. equity income, fixed income and balanced portfolios for individual and institutional investors. the firm is committed to consistently meeting its clients’ investment objectives by managing portfolios in a disciplined manner and with investment processes that have been tested in all market cycles. Laketon believes that the unique way in which it combines qualitative, fundamental research with its proprietary quantitative tools provides its clients with the best balance in their portfolios between

upside return potential and downside risk management. Laketon also believes that managing concentrated portfolios that own fewer securities allows for the greatest potential to add excess return.

lasalle inVestment managementste. 2103, 150 King st. W., box 40, toronto m5H 1J9Chief client contact: Zelick altman, managing director, (416) 304-6000, fax: (416) 304-6001e-mail: [email protected] site: www.lasalle.comtotal canadian assets managed: $1,952 milPension assets: $1,744 mil (pooled $1,184 mil, segregated $560 mil)Pooled funds: $1,184 mil (real estate equity $1,184 mil)clients: pooled 9, segregated 3international portfolio managers: 65international research staff: 24Location: atlanta, baltimore, chicago, dallas, denver, mexico city, new York, orlando, Plano, sacramento, san diego, toronto, vancouver, edinburgh, London, munich, Paris, singaporefirm’s ownership: Wholly owned subsidiary of a full service real estate company publicly traded on nYse:JLLLasalle manages cad$50 billion globally in both direct real estate and reit securities, using a variety of investment strategies. all investment processes are baselined by one consistent strategy that uses quantitative and qualitative research.

laZard asset management llC30 rockefeller Plaza, 57th fl., new York 10112-6300Chief client contact: robert Harrison, senior vice-president, (212) 632-6000, fax: (212) 332-5656e-mail: [email protected] site: www.lazardnet.comtotal canadian assets managed: $777.5 milinsurance co. segregated funds: $107.5 milinternational portfolio managers: 94international research staff: 79international mandates offered: U.s. equity; eafe equity; global equity; emerging markets equity; european equity; global listed infrastructure; U.s. fixed income; global fixed income; european fixed incomefirm’s ownership: partnershipLazard is a multi-strategy asset management firm with strong investment disciplines (global, eafe, U.s.). common to all of the firm’s strategies is a focus on bottom-up, research-driven portfolio solutions that meet the needs of its clients.

legg mason Canada inC.ste. 1400, 320 bay st., toronto m5H 4a6Chief client contact: david Gregoire, vice-president, institutional client service and marketing, (416) 860-0616, fax: (416) 860-0628e-mail: [email protected] site: www.leggmasoncanada.comtotal canadian assets managed: $9,986 milPension assets: $6,352 mil (pooled $3,678 mil, segregated $2,674 mil)Pooled funds: $3,678 mil (cdn. equity $218 mil, active; cdn. equity $73 mil, small cap; U.s. equity $555 mil, active; non-n.a. equity $81 mil, active; global equity $22 mil, active; cdn. bonds $154 mil, active; hedge funds $813 mil;

global fixed income $234 mil; cash $334 mil; balanced $1,194 mil)assets under specialist management: $2,674 mil (cdn. equity $401 mil, 1 mandate, active; U.s. equity $872 mil, 6 mandates, active; global equity $1 mil, 1 mandate, active; cdn. bonds $455 mil, 6 mandates, active; portable alpha $10 mil, 1 mandate; international bond $426 mil, 2 mandates; cash $498 mil, 8 mandates; balanced $11 mil, 1 mandate)clients: pooled 50, segregated 29domestic portfolio managers: 1domestic research staff: 2international portfolio managers: 50international research staff: 99Location: baltimore, Philadelphia, new York, boston, naples, Pasadenainternational mandates offered: eafe; global fixed income; global equity; U.s. value; U.s. corefirm’s ownership: Wholly owned subsidiary of a financial institutionLegg mason canada inc. is a wholly owned affiliate of Legg mason, inc. (manages U.s.$969 billion in assets). Lmc offers a broad platform of domestic and international investment products that are sub-advised by U.s.-based Legg mason-affiliated companies.

leitH WHeeler inVestment Counsel ltd.ste. 1500, 400 burrard st., vancouver v6c 3a6Chief client contact: Perry teperson, portfolio manager, (604) 683-3391, fax: (604) 683-0323e-mail: [email protected] site: www.leithwheeler.comtotal canadian assets managed: $8,737 milPension assets: $7,219 mil (pooled $1,655 mil, segregated $5,564 mil)mutual fund assets: $91 milPooled funds: $1,655 mil (cdn. equity $562 mil, active; U.s. equity $93 mil, active; non-n.a. equity $189 mil, active; cdn. bonds $353 mil, active; cash $45 mil; balanced $413 mil)assets under specialist management: $2,688 mil (cdn. equity $2,188 mil, 12 mandates, active; global equity $321 mil, 4 mandates, active; cdn. bonds $143 mil, 3 mandates, active; cdn. bonds $36 mil, 2 mandates, immunized/dedicated)clients: pooled 43, segregated 48domestic portfolio managers: 8domestic research staff: 9firm’s ownership: Wholly owned by principalsLeith Wheeler is a bottom-up value investor. it buys stocks on business fundamentals, not top-down analysis. it does not attempt to duplicate the index and is often dissimilar. the firm typically holds 25-55 stocks in the cdn. equity portfolio.

letKo, Brosseau & assoCiates inC.ste. 2510, 1800 mcGill college ave., montreal H3a 3J6Chief client contact: christine sayegh-filgiano, vice-president, communications and marketing, (514) 499-1200, fax: (514) 499-0361e-mail: [email protected] canadian assets managed: $24,962 milPension assets: $14,690 mil (segregated $14,690 mil)assets under specialist management: $14,484 mil (cdn. equity $1,127 mil, 17 mandates, active; global equity $1,203 mil, 22 mandates, active; cdn. bonds $1,265 mil, 16 mandates, active; cdn. equity plus $1,028 mil, 5

benefitscanada.com november 2007 �7

mandates; international equity $1,246 mil, 30 mandates; cash $5 mil, 5 mandates; balanced $8,610 mil, 165 mandates)clients: segregated 275international mandates offered: balanced; global equities; international equitiesfirm’s ownership: Wholly owned by principalsfundamental analysis: preference is given to reasonably valued securities of well-established companies with growth potential. research is global in scope for both bond and equity markets. it is performed in-house, on a worldwide industry basis.

linCluden inVestment managementste. 607, 1275 north service rd. W., oakville, on L6m 3G4Chief client contact: Wayne Wilson, vice-president, (905) 825-9000, fax: (905) 825-9525e-mail: [email protected] site: www.lincluden.comtotal canadian assets managed: $3,217 milPension assets: $4.1 mil (pooled $4.1 mil) mutual fund assets: $48.8 milPooled funds: $4.1 mil (cdn. equity $1 mil, active; U.s. equity $1 mil, active; cdn. bonds $1 mil, active; international equity $1.1 mil)assets under specialist management: $2,436.2 mil (cdn. equity $193 mil, 3 mandates, active; cdn. bonds $694.2 mil, 6 mandates, active; balanced $1,549 mil, 3 mandates)domestic portfolio managers: 6domestic research staff: 1firm’s ownership: Wholly owned subsidiary of a financial institutionthe philosophy that guides the management of equity, fixed-income and balanced portfolios at Lincluden is built on traditional value-based principles. these have been consistently applied since the firm’s inception in 1982. Lincluden believes that financial markets are efficient in the long run but can be inefficient in the short and medium term. in other words, investor perceptions of the price of a security can fluctuate much more widely than a company’s underlying fundamentals. approach: in investing for its clients, the firm maintains a long-term focus, conducts its own research and employs a strict price discipline. it is the firm’s independent research that gives it the conviction to build focused portfolios of securities that it believes are trading at a discount to their true worth. a Lincluden portfolio of low-priced securities can serve as both a buffer against the risk of a serious decline and create greater potential for capital appreciation.

lomBard odier darier HentsCH inC.1000, rue sherbrooke ouest, bur. 2200, montreal H3a 3r7Chief client contact: michel di Gregorio, executive vice-president, (514) 847-7748, fax: (514) 847-7796e-mail: [email protected] site: www.lodh.comtotal canadian assets managed: $381 milPension assets: $148 mil (segregated $148 mil)insurance co. segregated funds: $5 milassets under specialist management: $192.6 mil (cdn. equity $64.1 mil, 3 mandates, active;

cdn. equity $85 mil, 1 mandate, small cap; eafe equity $8 mil, 1 mandate; hedge funds $5.5 mil, 1 mandate; private equity $30 mil, 1 mandate)firm’s ownership: Wholly owned by principalsstyle is a combination of top-down and bottom-up analysis, utilizing growth, value and momentum. Quant., fundamental and trend analysis are used in portfolio construction, resulting in low beta, low turnover and less than 50 holdings on avg.

london CaPital management ltd.255 dufferin ave., London, on n6a 4K1Chief client contact: nancy Harris, senior vice-president, marketing, (519) 435-7236, fax: (519) 435-7501e-mail: [email protected] site: www.londonlife.com/londoncapitaltotal canadian assets managed: $13,139.9 milPension assets: $3,681 mil (pooled $2,628.2 mil, segregated $1,052.8 mil)mutual fund assets: $419.7 milinsurance co. segregated funds: $7,323 milPooled funds: $2,628.2 mil (cdn. equity $714 mil, active; U.s. equity $331 mil, active; non-n.a. equity $285 mil, active; cdn. bonds $616 mil, active; real estate mortgage $294.2 mil; cash $388 mil)assets under specialist management: $1,052.8 mil (segregated pension $1,052.8 mil)domestic portfolio managers: 6domestic research staff: 7international mandates offered: eafefirm’s ownership: Wholly owned subsidiary of a financial institutionLondon capital focuses on identifying/managing those attributes that are the key drivers of investment performance. through disciplined investment processes and a team approach, the firm maintains style consistency. core equity style is GarP.

loomis, sayles & ComPany, l.P. (loomis sayles)one financial center, boston 02111Chief client contact: Jamison Gagnier, vice-president, institutional sales, (617) 482-4250, fax: (617) 443-0074e-mail: [email protected] canadian assets managed: $254.3 milPension assets: $221.3 mil (segregated $221.3 mil)mutual fund assets: $11.1 milclients: segregated 3international portfolio managers: 38international research staff: 87Location: boston, mainternational mandates offered: equity: large cap growth; large cap value; global growth; small cap growth; mid cap growth fixed income: global credit; global bond (hedged & unhedged); high-yield (conservative & full discretion); emerging markets debt; bank loans; long duration; intermediate total returnfirm’s ownership: Wholly owned subsidiary of a financial institutionactive, research-driven portfolio management. bottom-up issue selection with top-down macroeconomic awareness. in-depth, in-house research. ability to move in and out of sectors and individual securities on an opportunistic basis.

maCKenZie finanCial CorPoration150 bloor st. W., toronto m5s 3b5

Chief client contact: rob neish, senior vice-president, (416) 922-5322, fax: (416) 922-6976e-mail: [email protected] site: www.mackenziefinancial.comtotal canadian assets managed: $64,990 milmutual fund assets: $48,398 milfirm’s ownership: investors Group/Power financialstarting with one mutual fund and one client in 1967, mackenzie financial corporation has grown to become an integrated financial services company, operating directly in north america and internationally through partner sub-advisor firms. the firm’s core business is the management of mutual funds on behalf of retail investors throughout north america.

man inVestments Canada CorP.ste. 1202, 70 York st., toronto m5J 1s9Chief client contact: simone cheetham, institutional client relationship manager, (416) 775-3600e-mail: [email protected] site: www.maninvestments.comfirm’s ownership: Wholly owned subsidiary of man Group PLcmackenzie investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $63.5 billion in assets under management, the firm distributes its services through a diversified network of third-party financial advisors. mackenzie investments is a member of the iGm financial inc. (tsX:iGm) group of companies. iGm financial is one of canada’s premier financial services companies with over $124 billion in total assets under management.

manning & naPier adVisors, inC.290 Woodcliff dr., fairport, nY 14450Chief client contact: Kristin castner, managing director, marketing, (585) 325-6880, fax: (585) 325-4594e-mail: [email protected] site: www.manningnapier.comtotal canadian assets managed: $32.1 mildomestic research staff: 38international research staff: 38international mandates offered: U.s. equity; non-U.s. equity; global equityfirm’s ownership: employee-ownedmanning & napier uses a global, fundamental approach examining risk/reward characteristics. investments are based on prevailing valuations/conditions. implementation integrates top-down/bottom-up methodologies and the firm’s strict pricing discipline.

martin Currie inC.saltire court, 20 castle terrace, edinburgh, scotland eH1 2esChief client contact: Jamie sandison, senior vice-president, north america, 011 44 131 229 5252, fax: 011 44 131 222 2553e-mail: [email protected] site: www.martincurrie.comtotal canadian assets managed: $72 milPension assets: $72 mil (segregated $72 mil)assets under specialist management: $67.4 mil (eafe equity $67.4 mil, 1 mandate)clients: segregated 1domestic portfolio managers: 2domestic research staff: 12international portfolio managers: 24international research staff: 12




Location: edinburgh, shanghaiinternational mandates offered: eafe; acWi ex-U.s.; global core; global alpha; asia Pacific ex-Japan; china; europe ex-UK; Pan european opportunities; Pan european alpha; taiwan; north america; UK equity income; UK growth; global emerging marketsfirm’s ownership: Wholly owned by principalsthe firm is an active investment manager. its investment team identifies, evaluates and exploits change at an early stage. the firm’s bottom-up process delivers committed and distinctive equity portfolios reflecting the best investment opportunities globally.

marVin & Palmer assoCiates, inC.ste. 2300, 1201 north market st., Wilmington, de 19801 - 1165Chief client contact: adam taylor, client service and marketing, principal, (302) 573-3570, fax: (302) 573-6772e-mail: [email protected] site: www.marvinandpalmer.comtotal canadian assets managed: $899.4 milPension assets: $830.1 mil (segregated $830.1 mil)mutual fund assets: $68 milassets under specialist management: $830.1 mil (global equity $49.8 mil, 1 mandate, active; eafe equity $780.3 mil, 2 mandates)clients: segregated 3international portfolio managers: 9international research staff: 5Location: Wilmington, deinternational mandates offered: global equity; non-U.s. equity; emerging markets equity; U.s. equityfirm’s ownership: Wholly owned by principalsmarvin & Palmer associates combines a top-down approach with bottom-up fundamental research in the construction of its portfolios and primarily invests in high-quality, large-cap growth stocks.

maWer inVestment management ltd.900, 603 - 7th ave. s.W., calgary t2P 2t5Chief client contact: david stone, director, marketing and sales, (403) 262-4673; (800) 889-6248, fax: (403) 262-4099e-mail: [email protected] site: www.mawer.comtotal canadian assets managed: $2,158.5 milPension assets: $423.9 mil (pooled $223.2 mil, segregated $200.7 mil)mutual fund assets: $1,132 milPooled funds: $223.2 mil (cdn. equity $3.2 mil, active; cdn. equity $143.1 mil, small cap; non-n.a. equity $7.6 mil, active; cdn. bonds $0.7 mil, active; cash $1.3 mil; balanced $67.4 mil)assets under specialist management: $200.7 mil (cdn. equity $185.3 mil, 1 mandate, small cap; global equity $15.4 mil, 1 mandate, active)clients: pooled 10, segregated 2domestic portfolio managers: 13domestic research staff: 4international mandates offered: U.s.; eafe; global equityfirm’s ownership: Wholly owned by principalsmawer provides investors with better than market returns with lower than market levels of risk over economic cycles; possible since stock prices can deviate from intrinsic values, as markets are neither perfectly efficient nor rational.

mCKinley CaPital management, inC.ste. 500, 3301 c st., anchorage, aK 99503Chief client contact: robert Gillam, portfolio manager, director, global equities, (907) 563-4488, fax: (907) 561-7142e-mail: [email protected] site: www.mckinleycapital.comtotal canadian assets managed: $917.4 milPension assets: $907.1 mil (segregated $907.1 mil)clients: segregated 5domestic portfolio managers: 8domestic research staff: 7international portfolio managers: 8international research staff: 7Location: anchorageinternational mandates offered: non-U.s. growth; non-U.s. developed growth; non-U.s. growth adr; non-U.s. growth sri; non-U.s. growth sri country; global growth; non-U.s. developed growth 130/30firm’s ownership: employee-owned/iso Planexcess market returns can be achieved by constructing and actively managing a diversified, fundamentally sound portfolio of inefficiently priced stocks whose earnings growth rates are accelerating above market expectations.

mClean Budden ltd.ste. 2525, 145 King st. W., toronto m5H 1J8Chief client contact: alan daxner, executive vice-president, (416) 862-9800, fax: (416) 862-0167e-mail: [email protected] site: www.mcleanbudden.comtotal canadian assets managed: $40,588 milPension assets: $27,971 mil (pooled $17,356 mil, segregated $10,615 mil)mutual fund assets: $2,816 milinsurance co. segregated funds: $652 milPooled funds: $17,356 mil (cdn. equity $2,109 mil, active; U.s. equity $2 mil, active; non-n.a. equity $62 mil, active; global equity $45 mil, active; cdn. bonds $303 mil, active; total equity $337 mil; cash $918 mil; balanced $13,580 mil)assets under specialist management: $10,615 mil (cdn. equity $5,657 mil, 27 mandates, active; U.s. equity $177 mil, 3 mandates, active; global equity $85 mil, 1 mandate, active; cdn. bonds $1,511 mil, 8 mandates, active; total equity $115 mil, 2 mandates; cash $108 mil, 3 mandates; balanced $2,962 mil, 23 mandates)clients: pooled 187, segregated 67domestic portfolio managers: 24international portfolio managers: 24Location: toronto, montreal, vancouver, chicagointernational mandates offered: U.s. equity; eafe equity; global (core); global (growth); global (value)firm’s ownership: partnershipequity management emphasizes large cap with strong balance sheets and strong management. fixed management

is characterized by active duration management, term structure and yield enhancement featuring sector management.

mellon CaPital management595 market st., 30th fl., san francisco 94105Chief client contact: andy Pellegrino, director, consultant relations, (415) 546-6056, fax: (415) 975-2375e-mail: [email protected] site: www.mcm.comtotal canadian assets managed: $2,138 milPension assets: $1,827 mil (pooled $161 mil, segregated $1,666 mil)Pooled funds: $161 mil (global asset allocation $104 mil; U.s. asset allocation $32 mil; U.s. fixed income $25 mil)clients: pooled 5, segregated 6domestic portfolio managers: 70domestic research staff: 18international portfolio managers: 70international research staff: 18Location: san franciscointernational mandates offered: eafe indexing; global equity indexing; nikkei 225 indexing; UK long/short; australia long/short; global asset allocation; active currencyfirm’s ownership: Wholly owned subsidiary of a financial institutionmellon capital’s global active and passive strategies apply quantitative methods to investment management, resulting in a process that blends sound financial constructs and cost-effective implementation.

mfC gloBal inVestment management200 bloor st. e., north tower, 6th fl., toronto m4W 1e5Chief client contact: stuart Graham, vice-president and managing director, investment sales, (416) 926-5736, fax: (416) 926-5700e-mail: [email protected] site: www.mfcglobal.comtotal canadian assets managed: $98,457 milPension assets: $4,624 mil (pooled $2,889 mil, segregated $1,735 mil)mutual fund assets: $1,735 milinsurance co. segregated funds: $18,561 milfirm’s ownership: Wholly owned subsidiary of a financial institutionmfc Global provides strategies for institutional, investment funds and individuals globally. the firm’s expertise extends across asset classes including equity, fixed income and alternative investments: oil & gas, real estate, timber, farmland, and aa.

mfs inVestment management500 boylston st., boston 02116Chief client contact: sarah donahue, sales and consultant relations, canada, (617) 954-5000, fax: (617) 954-6657e-mail: [email protected] site: www.mfs.comtotal canadian assets managed: $878 milPension assets: $550 mil (segregated $550 mil)assets under specialist management: $550 mil (U.s. equity $46 mil, 1 mandate, active; global equity $226 mil, 2 mandates, active; international equity $278 mil, 3 mandates, active)clients: segregated 4domestic portfolio managers: 27domestic research staff: 30international portfolio managers: 8international research staff: 21


Location: London, singaporeinternational mandates offered: asia ex-Japan; asia Pacific ex-Japan; international equity; emerging markets equity; european equity; global equity; Japan equity; UK equityfirm’s ownership: Wholly owned subsidiary of a financial institutionmfs’s investment philosophy is based on the belief that original, bottom-up fundamental research is the best means of uncovering attractive investment opportunities.

middLefieLd GroUPfirst Canadian Place, ��th fl., Po Box ��2, toronto m�X �a�Chief client contact: murray brasseur, managing director, (416) 847-5364, fax: (416) 362-7925e-mail: [email protected] site: www.middlefield.comfirm’s ownership: Wholly owned by principalsmiddlefield is a specialty investment manager with specific expertise in real estate, oil and gas, technology, and small capitalization sector. it emphasizes capital preservation and achieves clients’ objectives through an intensive, hands-on management style aimed at adding value to its portfolio. middlefield is a market timer and will exit any sector where trends/prospects do not justify the risk/reward profile.

miraBaud & Cie3, boulevard du théâtre, Geneva, switzerland 1204Chief client contact: Yves erard, managing director, mirabaud Gestion inc., +41 (0) 22 816 2222, fax: +41 (0) 22 816 2816e-mail: [email protected] site: www.mirabaud.comtotal canadian assets managed: $1,344 milPension assets: $34 mil (pooled $34 mil) Pooled funds: $34 mil (hedge funds $34 mil)domestic portfolio managers: 4domestic research staff: 2international portfolio managers: 69international research staff: 22firm’s ownership: Wholly owned by principalsmirabaud offers its clients a complete range of personalized portfolio management, brokerage and custody services with an emphasis on international diversification.

mondrian inVestment Partners limited10 Gresham st., 5th fl., London, england ec2v 7JdChief client contact: James Hill, senior vice-president, 011 44 207 477 7000, fax: 011 44 207 776 8500e-mail: [email protected] site: www.mondrian.comtotal canadian assets managed: $3,625 milPension assets: $2,805 mil (segregated $2,805 mil)clients: segregated 4international portfolio managers: 36international research staff: 7Location: London, UKinternational mandates offered: global equity; international small cap; large cap concentrated international equity; large cap concentrated emerging markets; acWi ex-U.s.; Pacific equity; Pacific equity ex-Japan; global fixed income; international fixed income; emerging debtfirm’s ownership: 53% by senior manager

Professionals and 43% by Hellman & friedman, LLcmondrian is a value-oriented defensive manager. the firm invests in securities, whether fixed income, equity or cash, where its inflation-adjusted discounted income stream analysis identifies value in terms of prospective real returns.

montrusCo Bolton inVestments inC.ste. 4600, 1250 rené-Lévesque blvd. W., montreal H3b 5J5Chief client contact: richard Guay, senior vice-president, (514) 282-5465, fax: (514) 282-2516e-mail: [email protected] site: www.montruscobolton.comtotal canadian assets managed: $5,115 milPension assets: $2,850 mil (pooled $1,004 mil, segregated $1,846 mil)mutual fund assets: $645 milPooled funds: $1,004 mil (cdn. equity $23 mil, active; cdn. equity $230 mil, small cap; U.s. equity $18 mil, active; cdn. bonds $16 mil, active; hedge funds $124 mil; cash $3 mil; balanced $590 mil)assets under specialist management: $1,846 mil (cdn. equity $351 mil, 11 mandates, active; cdn. equity $544 mil, 6 mandates, small cap; cdn. bonds $80 mil, 9 mandates, active; cash $15 mil, 3 mandates; balanced $856 mil, 29 mandates)clients: pooled 24, segregated 51domestic portfolio managers: 5domestic research staff: 11international portfolio managers: 1international research staff: 8Location: montrealinternational mandates offered: U.s. equity fund; eafe equity fund; global equity fundfirm’s ownership: montrusco bolton is a privately held company in which employees hold a significant interestownership investing philosophy seeks out growth-oriented companies, holding them for the long term. selection criteria include: sustainable competitive advantage, solid management, proven track record, solid balance sheet, and attractive valuation.

morgan stanley inVestment managementste. 3700, 181 bay st., Po box 776, toronto m5J 2t3Chief client contact: michael chwalka, managing director, (416) 943-8379e-mail: [email protected] site: www.morganstanley.com/im/total canadian assets managed: $4,134 milfirm’s ownership: Wholly owned subsidiary of a financial institutionmorgan stanley offers a diverse array of investment products, all of which are based on a philosophy of adding value through active management founded on sound fundamental research and proprietary analytics.

morguard inVestments limitedste. 800, 55 city centre dr., mississauga, on L5b 1m3Chief client contact: stephen taylor, president and chief operating officer, (905) 281-3800, fax: (905) 281-1800e-mail: [email protected] site: www.morguard.com

total canadian assets managed: $6,775,212 milPension assets: $4,727,468 mil (pooled $1,863,433 mil, segregated $2,864,035 mil)Pooled funds: $1,863,433 mil (real estate equity $1,863,433 mil)assets under specialist management: $6,775,212 mil (real estate equity $6,775,212 mil, 26 mandates)international research staff: 4firm’s ownership: Wholly owned by public companymorguard is a fully integrated national real estate advisory firm. its services include strategic portfolio advice, asset and property management, and acquisition, development, leasing and construction management services.

morrison Williams inVestment management lPste. 305, one toronto st., Po box 21, toronto m5c 2v6Chief client contact: Joseph vickers, senior vice-president, (416) 777-2922, fax: (416) 777-0954e-mail: [email protected] canadian assets managed: $4,668 milPension assets: $2,605.6 mil (pooled $552.3 mil, segregated $2,053.3 mil)mutual fund assets: $1,493.3 milPooled funds: $552.3 mil (cdn. equity $54.9 mil, active; income trust $210.7 mil; balanced $286.7 mil)assets under specialist management: $2,605.6 mil (cdn. equity $650.6 mil, 8 mandates, active; income trust $210.7 mil, 1 mandate; balanced $1,744.3 mil, 39 mandates)clients: pooled 21, segregated 27domestic portfolio managers: 4domestic research staff: 2firm’s ownership: Public companymorrison Williams employs a conservative, thematic top-down investment strategy for equities that emphasizes both value and growth at a reasonable price characteristics. the firm’s fixed income strategy is pure interest rate anticipation.

mulViHill CaPital management inC.ste. 2600, 121 King st. W., standard Life centre, toronto m5H 3t9Chief client contact: mark carpani, vice-president, bonds/client services, (416) 681-3900; (800) 725-7172, fax: (416) 681-3901e-mail: [email protected] site: www.mulvihill.comtotal canadian assets managed: $2,758.3 milPension assets: $318.5 mil (pooled $6.3 mil, segregated $312.2 mil)Pooled funds: $6.3 mil (cdn. equity $2.6 mil, active; cdn. equity $0.4 mil, small cap; U.s. equity $0.4 mil, active; non-n.a. equity $0.7 mil, active; cdn. bonds $2.1 mil, active; cash $0.1 mil)clients: pooled 9, segregated 7domestic portfolio managers: 6domestic research staff: 4firm’s ownership: Wholly owned by principalsmulvihill capital management inc. (mulvihill) offers balanced and specialty management. the cornerstone of mulvihill’s balanced fund management is the top-down analysis of global economic relationships and their impact on domestic capital markets.

natCan inVestment managementste. 400, 1100 University st., montreal H3b 2G7




Chief client contact: martin Leclair, vice-president, institutional management, (514) 871-7600, fax: (514) 871-7531e-mail: [email protected] site: www.natcan.comtotal canadian assets managed: $30,481 milPension assets: $8,102 mil (pooled $555 mil, segregated $7,547 mil)mutual fund assets: $13,099 milinsurance co. segregated funds: $1,841 milPooled funds: $485 mil (cdn. equity $79 mil, active; cdn. equity $12 mil, small cap; cdn. bonds $2 mil, active; high-yield bonds $82 mil; balanced $310 mil)clients: pooled 39, segregated 73domestic portfolio managers: 11domestic research staff: 5international portfolio managers: 4international research staff: 2Location: montrealinternational mandates offered: U.s. equity; U.s. bonds; U.s. money market; international equity; international bondsfirm’s ownership: partnershipnatcan’s global equity research platform conducts fundamental, bottom-up analysis while growth and value-oriented styles cohabit. Known for its convictions, natcan’s strategies reflect a long-term, absolute-return investment mindset.

NEW BRUNSWICK INVESTMENT MANAGEMENT CORP.ste. 581, York tower, 440 King st., fredericton, nb e3b 5H8Chief client contact: John sinclair, president and chief executive officer, (506) 444-5800, fax: (506) 444-5025e-mail: [email protected] site: www.nbimc.comtotal canadian assets managed: $8,818.9 milPension assets: $8,818.9 mil (pooled $8,818.9 mil) Pooled funds: $8,818.9 mil (cdn. equity $777.5 mil, active; cdn. equity $1,029.3 mil, index; U.s. equity $806.2 mil, index; non-n.a. equity $245.7 mil, active; non-n.a. equity $989.9 mil, index; cdn. bonds $2,543.1 mil, active; real return bonds $933.6 mil; real estate equity $402.4 mil; hedge funds $570.2 mil; private equity $126.1 mil; commodities $169.9 mil; cash $225 mil)clients: pooled 3domestic portfolio managers: 14firm’s ownership: crown corporation

neW star Canada inC.ste. 300, 181 University ave., toronto m5H 3m7Chief client contact: bruce shewfelt, head of institutional sales, connor, clark & Lunn financial Group, (416) 862-2020, fax: (416) 363-2089e-mail: [email protected] site: www.newstaram.com, newstarim.comtotal canadian assets managed: $1,549.2 milPension assets: $1,124.2 mil (pooled $435.1 mil, segregated $689.1 mil)mutual fund assets: $56.8 milassets under specialist management: $689 mil (global equity $44.7 mil, 1 mandate, active; eafe equity $644.3 mil, 5 mandates)clients: pooled 11, segregated 6international portfolio managers: 14international research staff: 2Location: Londoninternational mandates offered: eafe

equities; global equities; emerging market equities; european equitiesfirm’s ownership: joint venture between connor, clark & Lunn financial Group and new star asset management Ltd.new star seeks to identify companies that will grow shareholder value above what is currently recognized in the marketplace. the firm uses economic value-added analysis to understand profitability and help facilitate cross-border comparisons.

neW yorK life inVestment management llC (nylim)51 madison ave., new York 10010Chief client contact: shane mcmahon, director, institutional sales, (212) 576-7000e-mail: [email protected] site: www.nylim.com/institutionaltotal canadian assets managed: $45.8 milinternational portfolio managers: 2international research staff: 84Location: new Yorkinternational mandates offered: U.s. equity; eafe equity (long-short market neutral) - 2 hedge funds; U.s. fixed incomefirm’s ownership: Wholly owned subsidiary of a financial institutionnYLim (and affiliates) is a multi-boutique investment manager and primarily uses bottom-up stock selection. each style is specific to the individual investment boutiques; however, a common thread is the disciplined nature of the investment processes.

nomura asset managementtwo World financial center, 225 Liberty st., 22nd fl., new York 10281 - 1712Chief client contact: matthew butterfield, regional director & relationship manager, (212) 667-2109, fax: (212) 667-1431e-mail: [email protected] site: www.nomura.comtotal canadian assets managed: $385.3 milmutual fund assets: $63.5 milassets under specialist management: $385.4 mil (eafe equity $58.7 mil, 1 mandate; Pacific basin equity $63.5 mil, 1 mandate; Japan equity $263.2 mil, 1 mandate)international portfolio managers: 198international research staff: 116Location: new York, tokyo, singapore, Hong Kong, London, malaysia, seoulinternational mandates offered: global macro long/short; global fixed income; emerging markets equity; U.s. bank loans; U.s. high-yield bonds; asian equity; Japanese equity; international equityfirm’s ownership: Holding companynomura believes in relative value, original research, a disciplined investment process, and a focus on stock selection. the firm generates alpha by exploiting the discrepancy between short-term prices and long-term fundamental values.

nortHWater CaPital management inC.ste. 4700, bce Place, bay Wellington, 181 bay st., Po box 794, toronto m5J 2t3Chief client contact: Paul robson, president, (416) 360-5435, 1 (800) 422-1867, fax: (416) 360-0671e-mail: [email protected] site: www.northwatercapital.comtotal canadian assets managed: $7,694.6 milPension assets: $6,980.8 mil (pooled $3,211.9 mil, segregated $3,768.8 mil)

mutual fund assets: $267.5 milPooled funds: $3,056.1 mil (U.s. equity $2,274.2 mil, index; cdn. bonds $359.6 mil, passive; hedge funds $422.3 mil)assets under specialist management: $422.3 mil (hedge funds $422.3 mil, 10 mandates)clients: pooled 37, segregated 10international mandates offered: ncm international 2firm’s ownership: Wholly owned by principalsnorthwater provides innovative solutions to clients through two core businesses: market-neutral fund of hedge funds for consistent alpha and Portfolio Platformtm, a proprietary policy implementation service for derivative-based portfolio solutions. in addition to assets under management of $9.4 billion, northwater capital manages approximately $5 billion of beta and currency exposures using swaps and currency forwards where the backing assets are held elsewhere.

nuVeen inVestments Canadatd canada trust tower, bce Place, 27th fl., Po box 508, 161 bay st., toronto m5J 2s1Chief client contact: michael Henderson, vice-president and director, (416) 572-2251, fax: (416) 572-4083e-mail: [email protected] site: www.nuveen.comtotal canadian assets managed: $2,195 milPension assets: $305 mil (segregated $305 mil)mutual fund assets: $620 milclients: segregated 2international portfolio managers: 2international research staff: 13Location: Los angelesinternational mandates offered: tradewinds international value; tradewinds Global all-cap valuefirm’s ownership: Public companynWQ investment management bottom-up & U.s. value equities. tradewinds nWQ Global investors bottom-up & international value equities. santa barbara asset management bottom-up & growth equities. symphony asset management quantitative core & hedge.

Paloma Partners management ComPanytwo american Lane, Greenwich, ct 06836Chief client contact: John côté, senior vice-president, (203) 862-8000, fax: (203) 862-6958e-mail: [email protected]’s ownership: Wholly owned by principalsfounded in 1981, Paloma is a multi-strategy hedge fund focused on relative value and arbitrage investing. most traders operate on a centralized risk-management and operations platform, with full daily position-level transparency to Paloma management.

Panagora asset management260 franklin st., 22nd fl., boston 02110Chief client contact: bruce macdonald, principal, (905) 829-1131, fax: (905) 829-2726e-mail: [email protected] site: www.panagora.comtotal canadian assets managed: $477 mildomestic portfolio managers: 6international portfolio managers: 6Location: bostoninternational mandates offered: U.s. equity; global equity; international equity; european equity; australian equity; emerging markets

benefitscanada.com november 2007 2�

equity; Gtaafirm’s ownership: Wholly owned subsidiary of a financial institutionPanagora is dedicated to providing quantitative solutions designed to adapt to changing market environments, based upon a sound investment infrastructure that blends the best of fundamental insights with systematic methods.

Pareto inVestment management limited160 Queen victoria st., London, england ec4v 4LaChief client contact: Laurie o’donoghue, president, Pareto new York LLc, +44 020 7163 1000, fax: +44 020 7163 1066e-mail: [email protected] site: www.paretopartners.comtotal canadian assets managed: $8635 mildomestic portfolio managers: 7domestic research staff: 6international portfolio managers: 7international research staff: 6Location: London, new Yorkfirm’s ownership: Wholly owned subsidiary of a financial institutionPareto is an institutional investment management firm located in London, specializing in currency. currency risk management employs a sophisticated risk model to provide controlled downside protection while allowing for upside capture.

Payden & rygel333 south Grand ave., Los angeles 90071Chief client contact: christopher orndorff, managing principal, (213) 625-1900, fax: (213) 830-4208e-mail: [email protected] site: www.payden.comtotal canadian assets managed: $353 milPension assets: $265 mil (segregated $265 mil)insurance co. segregated funds: $88 milclients: segregated 2domestic portfolio managers: 3domestic research staff: 3firm’s ownership: Wholly owned by principalsP&r manages U.s.$53.4 bil in global equity and bond portfolios in the U.s., canada, europe and asia. Global equity strategy is top-down, country and sector selection drives equity returns (futures & etfs). Global bond strategies include canadian bond portfolios.

PCJ inVestment Counsel ltd.ste. 300, 181 University ave., toronto m5H 3m7Chief client contact: bruce shewfelt, head of institutional sales, connor, clark & Lunn financial Group, (416) 995-9990, fax: (416) 363-2089e-mail: [email protected] site: www.pcj.catotal canadian assets managed: $1,817.6 milPension assets: $1,482.7 mil (pooled $89.5 mil, segregated $1,393.2 mil)mutual fund assets: $283.3 milPooled funds: $89.5 mil (cdn. equity $76.3 mil, active; cdn. equity $13.2 mil, small cap)assets under specialist management: $1,393.2 mil (cdn. equity $1,393.2 mil, 8 mandates, active)clients: pooled 12, segregated 8domestic portfolio managers: 4domestic research staff: 1

firm’s ownership: Partnership between investment professionals and connor, clark & Lunn financial Group.PcJ combines company research with an ongoing assessment of the market impact of changes in the economy, providing a wide range of opportunity to add value from long-term core holdings of growth-oriented companies and short-term trading strategies.

PemBroKe management ltd.ste. 1700, 1002 sherbrooke st. W., montreal H3a 3s4Chief client contact: mike shannon, portfolio manager, (514) 448-5215, fax: (514) 848-1725e-mail: [email protected] site: www.pml.catotal canadian assets managed: $2,500 milPension assets: $1,680 mil (segregated $1,680 mil)mutual fund assets: $700 milclients: segregated 5domestic portfolio managers: 6domestic research staff: 3firm’s ownership: Wholly owned by principalsPembroke is a bottom-up, research-oriented, multi-cap north american growth stock manager.

PeneQuity management CorPorationste. 400, 370 King st. W., Po box 25, toronto m5v 1J9Chief client contact: david Johnston, president and chief executive officer, (416) 408-3080, fax: (416) 408-1688e-mail: [email protected] site: www.penequity.comtotal canadian assets managed: $615 milPension assets: $302 mil (pooled $251 mil, segregated $51 mil)Pooled funds: $251 mil (real estate equity $251 mil)clients: pooled 9, segregated 2firm’s ownership: Wholly owned by principalsPenequity concentrates on institutional-quality real estate asset management, using a developer and an investor approach. Penequity identifies opportunities and analyzes and develops execution strategies to realize risk-adjusted yield requirements.

PHiladelPHia international adVisors, lPste. 1400, 1650 market st., Philadelphia 19103Chief client contact: Jim Lobb, managing director, (215) 419-6090, fax: (215) 419-6653e-mail: [email protected] site: www.piadvisors.nettotal canadian assets managed: $735 milPension assets: $30 mil (pooled $30 mil) clients: pooled 1international portfolio managers: 1international research staff: 9Location: Philadelphiafirm’s ownership: Limited partnershipPia believes an unhedged portfolio of companies with traditional value characteristics coupled with positive company-specific catalysts concentrated in countries that also exhibit value characteristics will consistently outperform the market.

PHilliPs, Hager & nortH inVestment management ltd.200 burrard st., 21st fl., vancouver v6c 3n5

Chief client contact: richard self, vice-president, (604) 408-6000, fax: (604) 684-5120e-mail: [email protected] site: www.phn.comtotal canadian assets managed: $67,509.3 milPension assets: $36,091.1 mil (pooled $9,899.9 mil, segregated $26,191.2 mil)mutual fund assets: $8,155.4 milPooled funds: $9,899.9 mil (cdn. equity $197 mil, active; U.s. equity $3.4 mil, active; non-n.a. equity $144.7 mil, active; cdn. bonds $2,651.8 mil, active; cdn. bonds $195.6 mil, immunized/dedicated; high-yield bonds $34 mil; na and all-component equity $715.9 mil; cash $22.4 mil; balanced $5,935.1 mil)assets under specialist management: $26,191.2 mil (cdn. equity $2,685.4 mil, active; cdn. bonds $10,181.2 mil, active; cdn. bonds $4,470.9 mil, immunized/dedicated; real estate mortgage $110.7 mil; na & all-component equity $84.6 mil; cash $254.4 mil; balanced $8,404 mil)domestic portfolio managers: 21domestic research staff: 26international portfolio managers: 2international research staff: 6Location: torontointernational mandates offered: U.s. equity; international equity & global equityfirm’s ownership: Wholly owned by principalsPHn takes a quality growth at a reasonable price approach to canadian and U.s. equities. sky i.c. implements a more value-oriented approach to international equities. complementary multiple strategies are used to add value to the firm’s fixed income component.

PiCtet asset management ltd.canadian office: ste. 2900, 1800 mcGill college ave., montreal H3a 3J6Chief client contact: John maratta, vice-president, (514) 288-0253, fax: (514) 288-5473e-mail: [email protected] site: www.pictet.comtotal canadian assets managed: $340.4 milPension assets: $340.4 mil (segregated $340.4 mil)assets under specialist management: $340.4 mil (emerging markets $240.1 mil, 2 mandates; eafe equity $100.3 mil, 1 mandate)clients: segregated 3international portfolio managers: 85international research staff: 24Location: London, Geneva, tokyo, Zurich, singaporeinternational mandates offered: eafe; global emerging markets; international small cap; concentrated global equity; european small cap; eastern european equity; asian equity; european equity; Japanese equity; emerging debt; fixed incomefirm’s ownership: Wholly owned by principalsPam seeks to outperform the benchmark by exploiting market opportunities. bottom-up selection drives the firm’s process. risk is monitored at all times. the firm uses a wide range of research inputs including in-house sector research teams.

Pier 2� asset management inC.ste. 2500, 1155 rené-Lévesque blvd. W., montreal H3b 2K4Chief client contact: david star, president and




chief executive officer, (514) 397-4027e-mail: [email protected] site: www.pier21am.cominternational mandates offered: global value; global adr; worldwide equity; worldwide ethical; international equity; european equity; Japanese equity; emerging markets equity; global long/shortfirm’s ownership: Wholly owned by principalsPier 21’s investment philosophy is that no single investment style is better than another. opportunity to add value comes from diversified sources of alpha, from diversified sources of managers using diversified sources of research.

PimCo Canada CorP.canadian office: ste. 2005, 120 adelaide st. W., toronto m5H 1t1Chief client contact: andrew forsyth, vice-president, (416) 368-3349, fax: (416) 368-3576e-mail: [email protected] site: www.pimco.comtotal canadian assets managed: $3,117.4 milPension assets: $2,110.9 mil (pooled $1,195 mil, segregated $915.9 mil)mutual fund assets: $1,006.5 milPooled funds: $1,195 mil (cdn. bonds $1,129.7 mil, active; real return bonds $65.3 mil)assets under specialist management: $2,111 mil (cdn. bonds $2,045.7 mil, 5 mandates, active; real return bonds $65.3 mil, 1 mandate)clients: pooled 4, segregated 2domestic portfolio managers: 5domestic research staff: 28international portfolio managers: 94international research staff: 28Location: London, munich, new York, newport beach, singapore, sydney, tokyointernational mandates offered: global bonds; emerging markets bonds; high-yield bonds; liability-driven instruments (inflation-linked bonds); synthetic equities; synthetic real estate; synthetic commodities; tactical asset allocation; portable alpha/fixed income hedge fund stylefirm’s ownership: allianz global investors of america L.P., 30% phantom equity held by senior partners.Pimco canada is a fixed income specialist, offering the global expertise of its parent. the firm offers canadian and global benchmarked products designed to deliver consistent excess returns with benchmark-like risk, using a core-plus approach.

Presima inC.ste. 400, 1000 Place Jean-Paul riopelle, montreal Herald building, montreal H2Z 2b6Chief client contact: rocio Gueto, manager, client servicing, (514) 673-1375, fax: (514) 673-1378e-mail: [email protected] site: www.presima.comtotal canadian assets managed: $1,323.7 milPension assets: $1,156.9 mil (pooled $354.7 mil, segregated $802.2 mil)Pooled funds: $354.7 mil (real estate equity $354.7 mil)clients: pooled 10, segregated 1domestic portfolio managers: 4domestic research staff: 3international portfolio managers: 4international research staff: 3Location: montreal

international mandates offered: global relative return strategy; global absolute return strategy; global participation strategy; global ex-U.s. relative return strategy.firm’s ownership: 95% caisse de dépôt et placement du Québec, 5% Gestion necso inc.Presima uses a global bottom-up approach, has the ability to find opportunities in different geographical areas and real estate sectors, and at all times holds a concentrated number of securities offering the most attractive risk-return profile.

Putnam inVestments, llCone Post office sq., boston 02109Chief client contact: stephen Johnson, partner, (800) 363-2480, fax: (905) 829-0726e-mail: [email protected] site: www.putnam.comtotal canadian assets managed: $1358 milPension assets: $1,028 mil (pooled $97 mil, segregated $913 mil)mutual fund assets: $30 milPooled funds: $97 mil (non-n.a. equity $44, active; global equity $49 mil; other equity $4 mil)assets under specialist management: $931 mil (U.s. equity $761 mil, active; currency $170 mil)clients: pooled 4, segregated 5domestic portfolio managers: 52domestic research staff: 58international portfolio managers: 22international research staff: 29Location: boston, Londonfirm’s ownership: Wholly owned subsidiary of a financial institutionPutnam combines entrepreneurial spirit with the vast resources of a global asset management firm, fostering strong, distinct asset-class-based teams capable of leveraging the firm’s scale to its clients’ advantage.

Pyrford international PlC79 Grosvenor st., London, england W1K 3JUChief client contact: bruce campbell, chief executive officer and chief investment officer, 44 20 7495 4641, fax: 44 20 7399 2204e-mail: [email protected] site: www.pyrford.co.uktotal canadian assets managed: $1,417 milPension assets: $1,417 mil (pooled $170 mil, segregated $1,247 mil)assets under specialist management: $1,417 mil (eafe equity $1,365 mil, 5 mandates; UK equity $52 mil, 1 mandate, active)clients: pooled 2, segregated 4domestic portfolio managers: 3domestic research staff: 6international portfolio managers: 3international research staff: 6Location: Londoninternational mandates offered: international equity; european equity; Pacific basin equity; Pacific basin ex-Japan equity; UK equity; global balanced.firm’s ownership: as abovea top-down value approach, followed by rigorous bottom-up stock selection is employed. the aim is to generate excellent long-term absolute returns with low absolute volatility.

QV inVestors inC.ste. 1008, 222 - 3 ave. s.W., calgary t2P 0b4Chief client contact: Leigh Pullen, president

and chief investment officer, (403) 265-7007, fax: (403) 266-6524e-mail: [email protected] site: www.qvinvestors.comtotal canadian assets managed: $1,791.8 milPension assets: $176 mil (pooled $135 mil, segregated $41 mil)mutual fund assets: $1,293 milinsurance co. segregated funds: $150 milPooled funds: $135 mil (cdn. equity $100 mil, small cap; balanced $35 mil)assets under specialist management: $176 mil (cdn. equity $141 mil, 3 mandates, small cap; balanced $35 mil, 1 mandate)clients: pooled 2, segregated 2domestic portfolio managers: 3domestic research staff: 3international portfolio managers: 1international research staff: 1Location: calgaryinternational mandates offered: Qv global equity fundfirm’s ownership: Wholly owned by principalsQv selects investments bottom-up, using yield discipline in security selection. it seeks growth supported by income, value and credit worthiness in well-run businesses. it manages all risk in order to enhance return and provide safety to principal.

r.a. floyd CaPital management inC.1649 birchwood dr., mississauga, on L5J 1t5Chief client contact: robert floyd, president, (905) 823-2500, fax: (905) 823-4288e-mail: [email protected] site: www.rafloydcapital.comtotal canadian assets managed: $6.5 mildomestic portfolio managers: 1firm’s ownership: Wholly owned by principalsthe primary emphasis of the investment strategy is based on stock selection utilizing a bottom-up focus. major emphasis is placed on selecting stocks that exhibit above-average growth rates or have the ability to return to former growth rates.

rBC dominion seCurities inC.77 King st. W., 39th fl., toronto m5W 1P9Chief client contact: mike scott, managing director, (416) 955-7782e-mail: [email protected] canadian assets managed: $16,394 mil firm’s ownership: Wholly owned subsidiary of a financial institution

rBC PriVate Counsel inC.200 bay st., 10th fl., south tower, toronto m5J 2J2Chief client contact: Patrick Keeley, president, (416) 956-8000, fax: (416) 360-4347e-mail: [email protected] site: www.rbcinvestments.com/pc/index.htmltotal canadian assets managed: $8,639 milfirm’s ownership: Wholly owned subsidiary of a financial institutionrbc Pc combines a detailed investment discovery process together with a disciplined in-depth manager due diligence process to construct customized multi-manager portfolios using core and alternative asset classes for high-net-worth and institutional clients.

riCe Hall James & assoCiates, llCste. 1000, 600 West broadway, san diego,


ca 92101 - 3383Chief client contact: thao buuhoan, partner, institutional client service and marketing, (619) 239-9005, fax: (619) 239-6034e-mail: [email protected] site: www.ricehalljames.comfirm’s ownership: 72.5% employee-ownedthe rHJ investment team believes in utilizing a growth at a reasonable price strategy to construct small/mid portfolios consisting of attractively valued growth companies. rHJ applies a bottom-up, fundamental approach to stock selection.

rosseau asset management ltd.ste. 2920, 181 bay st., box 736, toronto m5J 2t3Chief client contact: bryan deLaurier, vice-president, business development, (416) 777-0794e-mail: [email protected] site: www.rosseau.comdomestic portfolio managers: 1domestic research staff: 2firm’s ownership: Wholly owned by principalsrosseau asset management Ltd. is an alternative investment manager whose investment objective is to maximize long-term capital appreciation through special-situation investing in north america, with a canadian focus.

russell inVestments Canada limitedste. 5900, 100 King st. W., 1 first canadian Place, Po box 476, toronto m5X 1e4Chief client contact: irshaad ahmad, president and managing director, (416) 362-8411, fax: (416) 362-4494e-mail: [email protected] site: www.russell.com/catotal canadian assets managed: $11,287.4 milPension assets: $3,350.4 mil (pooled $3,350.4 mil) mutual fund assets: $7,094.6 milPooled funds: $2,858.4 mil (cdn. equity $663.2 mil, active; U.s. equity $348.8 mil, active; global equity $35.5 mil, active; emerging markets $1.4 mil; cdn. bonds $473.6 mil, active; cash $0.2 mil; balanced $1,335.7 mil)assets under specialist management: $812.6 mil (cdn. equity $286.3 mil, 2 mandates, active; U.s. equity $170.6 mil, 4 mandates, active; global equity $18.5 mil, 1 mandate, active; eafe equity $274.1 mil, 4 mandates; cdn. bonds $63.1 mil, 2 mandates, active)domestic portfolio managers: 2domestic research staff: 3firm’s ownership: Wholly owned subsidiary of a financial institutionrussell’s multi-asset multi-style multi-managertm investment approach takes advantage of unmatched manager and market research capabilities to build portfolios designed to generate competitive active returns at below-average levels of risk.

sCePtre inVestment Counsel limitedste. 1200, 26 Wellington st. e., toronto m5e 1W4Chief client contact: david Pennycook, managing director, (416) 601-9898, fax: (416) 367-8716e-mail: [email protected] site: www.sceptre.ca

total canadian assets managed: $9,034.7 milPension assets: $5,493 mil (pooled $1,780.5 mil, segregated $3,712.5 mil)mutual fund assets: $971.8 milinsurance co. segregated funds: $201 milPooled funds: $1,780.5 mil (cdn. equity $106.8 mil, active; cdn. equity $130.7 mil, small cap; non-n.a. equity $7.7 mil, active; global equity $338.8 mil, active; cdn. bonds $84 mil, active; equity pool $21.5 mil; money market $22.2 mil; balanced $1,068.8 mil)assets under specialist management: $3,712.5 mil (cdn. equity $654.3 mil, 6 mandates, active; cdn. bonds $23.8 mil, mandates, active; balanced $3,034.4 mil, 6 mandates)clients: pooled 72, segregated 12domestic portfolio managers: 13domestic research staff: 3Location: see alliancebernstein, new Yorkfirm’s ownership: Public companya balanced and specialty fund manager utilizing all major asset classes and critical asset mix decisions to construct portfolios that provide clients with the best possible long-term performance, commensurate with acceptable risk and a core-oriented approach. Portfolio risk optimization services (Pros), a division of sceptre, specializes in risk-based, asset management solutions to liability-driven mandates.

sCHeer, roWlett & assoCiates inVestment management ltd.181 University ave., ste. 300, toronto m5H 3m7Chief client contact: bruce shewfelt, head of institutional sales, connor, clark & Lunn financial Group, (416) 202-6688, fax: (416) 202-6682e-mail: [email protected] site: www.scheerrowlett.comtotal canadian assets managed: $2,709.4 milPension assets: $1,592.4 mil (pooled $822.8 mil, segregated $769.6 mil)mutual fund assets: $405.9 milPooled funds: $807.1 mil (cdn. equity $307.9 mil, active; U.s. equity $12.5 mil, active; cdn. bonds $198.2 mil, active; cash $13.1 mil; balanced $275.4 mil)assets under specialist management: $769.6 mil (cdn. equity $553.6 mil, 5 mandates, active; balanced $216 mil, 2 mandates)clients: pooled 11, segregated 7domestic portfolio managers: 3international portfolio managers: 13international research staff: 100Location: new York, cambridge, mafirm’s ownership: Partnership between investment professionals and connor, clark & Lunn financial Groupsra is a value-oriented money manager. the firm’s cdn. equity process focuses on undervalued stocks employing a multi-stage, bottom-up process that incorporates the use of portfolio risk controls. balanced mandates are conservatively managed.

sCotia Cassels inVestment Counsel ltd.ste. 1200, one Queen st. e., Po box 85, toronto m5c 2W5Chief client contact: terry Kirby, director, institutional sales, (416) 814-4000, fax: (416) 814-4084e-mail: [email protected] site: www.scotiacassels.comtotal canadian assets managed: $25,302 mil

Pension assets: $508 mil (segregated $508 mil)mutual fund assets: $9,806 milfirm’s ownership: Wholly owned subsidiary of a financial institutionequities: active, GarP, proprietary quality, valuation and risk-screening model. bottom-up stock selection with a top-down overlay. fixed income: active, focus on yield curve and credit analysis, not on duration calls.

seamarK asset management ltd.ste. 310, 1801 Hollis st., Halifax, ns b3J 3n4Chief client contact: Jeff rudderham, vice-president, client relations and marketing, (902) 423-9367, fax: (902) 423-1518e-mail: [email protected] site: www.seamark.catotal canadian assets managed: $4,481.1 milPension assets: $1,959.8 mil (pooled $1,196 mil, segregated $763.8 mil)mutual fund assets: $206.6 milPooled funds: $1,196 mil (cdn. equity $155.1 mil, active; U.s. equity $117.9 mil, active; non-n.a. equity $51.4 mil, active; cdn. bonds $28.2 mil, active; foreign equity $11.2 mil; short-term $0.7 mil; balanced $831.6 mil)assets under specialist management: $1,959.8 mil (cdn. equity $471.2 mil, 11 mandates, active; U.s. equity $117.9 mil, 3 mandates, active; non-n.a. equity $51.4 mil, 2 mandates, active; cdn. bonds $34.3 mil, 5 mandates, active; short-term $0.7 mil, 4 mandates; foreign equity $17.6 mil, 4 mandates; balanced $1,266.7 mil, 25 mandates)clients: pooled 23, segregated 16domestic portfolio managers: 5domestic research staff: 8international research staff: 8firm’s ownership: 15% seamarK employees; 30% manulife financial; 55% publicseamarK employs a high-quality bias to portfolio construction in which growth companies are acquired at attractive values. equities are selected from the bottom up. the focus is on the long term with an average investment horizon of 3 to 5 years.

seCtor CaPital management, llCste. 100, 1900 exeter rd., Germantown, tn 38138Chief client contact: Ken riffle, director, client services, (901) 761-4999, fax: (901) 761-1004e-mail: [email protected] site: www.sectorplus.comdomestic portfolio managers: 3domestic research staff: 2firm’s ownership: Wholly owned by principalsscm’s philosophy is to build truly diversified portfolios that consistently outperform the s&P 500 index. nine sectors weighted to the s&P 500. scm socially responsible custom investing for any benchmark. sector select is an Lc alpha strategy.

seCtoral asset managementste. 2120, 1000 sherbrooke st. W., montreal H3a 3G4Chief client contact: eric martin, marketing officer, (514) 849-8777, fax: (514) 849-8777e-mail: [email protected] site: www.sectoral.comfirm’s ownership: 100% employee-ownedsectoral asset management (s.a.m.) specializes in the management of global healthcare and biotech portfolios. the firm employs a bottom-up, research-intensive



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team approach to investing with a growth at a reasonable price (GarP) style.

seiste. 1600, 70 York st., toronto m5J 1s9Chief client contact: terry Li cameron, marketing director, (416) 847-6371, fax: (416) 777-9093e-mail: [email protected] site: www.seic.comtotal canadian assets managed: $8,607.6 milPension assets: $3,610.1 mil (pooled $3,610.1 mil) mutual fund assets: $4,997.5 milPooled funds: $3,135.8 mil (cdn. equity $880.9 mil, active; cdn. equity $55 mil, small cap; U.s. equity $305.5 mil, active; U.s. equity $127.9 mil, index; non-n.a. equity $14.9 mil, index; emerging markets $51.7 mil; cdn. bonds $755.3 mil, active; cdn. bonds $126.4 mil, passive; real return bonds $118.4 mil; managed futures $50.7 mil; global bond $12.8 mil; balanced $636.4 mil)domestic portfolio managers: 5domestic research staff: 4international portfolio managers: 9international research staff: 39Location: U.s., asia, UKinternational mandates offered: U.s. equity; eafe equity; emerging markets equity; international synthetic; U.s. synthetic; global bondsfirm’s ownership: 40% employee-ownedsei provides investment programs in all major asset classes, utilizing a manager of managers investment process, whereby the firm identifies, hires and manages specialist managers to deliver more consistent performance. all manager research, selection and monitoring efforts are performed internally by sei’s investment management Unit (imU) which consists of close to 100 investment professionals, in eight countries, on four continents. their responsibilities include the selection of managers, performance optimization and risk control, daily monitoring of these managers, and strategy and market research. members of the imU are divided into teams assigned to a particular market sector, i.e. domestic equity, international equity and fixed income. While certain functions are assigned to specific team members, the entire team is responsible for monitoring the sub-advisors and managing the sei funds.

sentry seleCt CaPital CorP.ste. 2850, 130 King st. W., toronto m5X 1a4Chief client contact: duarte Pita, manager, investment information services, (416) 861-8729; (888) 246-6656, fax: (416) 364-2398e-mail: [email protected] site: www.sentryselect.comfirm’s ownership: Wholly owned by principalsthe investment strategy of sentry select capital corp. is to use a combination of top-down macro-analysis with a fundamental analysis to select and weight securities for its various portfolios.

sHaunessy inVestment Counsel inC.ste. 504, 933 - 17th ave. s.W., calgary t2t 5r6Chief client contact: terry shaunessy, president and portfolio manager, (403) 802-3108, fax: (403) 802-3119

e-mail: [email protected] site: www.shaunessy.comtotal canadian assets managed: $350 milfirm’s ownership: Wholly owned by principalsinstruments: canadian, U.s. or int. large-cap. rules-based investing (rbi): part indexing, part quant. approach to asset class or sector investing. active/passive: 60% rbi large-cap and 40% active small-cap. Global balanced using etfs.

sionna inVestment managers inC.ste. 1600, 8 King st. e., toronto m5c 1b5Chief client contact: mary Lou mcKeever, vice-president, operations, (416) 203-8803, fax: (416) 203-8033e-mail: [email protected] site: www.sionna.catotal canadian assets managed: $1,851 milPension assets: $752 mil (segregated $752 mil)mutual fund assets: $493 milclients: segregated 3domestic portfolio managers: 4domestic research staff: 4firm’s ownership: Wholly owned by principalssionna manages cdn. equity portfolios in a relative-value style. the disciplined value process generates consistent above-average, low-risk returns. assets managed include institutional investors, mutual funds, sma and high-net-worth individuals.

sPruCegroVe inVestment management ltd.ste. 1300, 181 University ave., toronto m5H 3m7Chief client contact: marcel Leroux, vice-president, marketing, (416) 363-5854, fax: (416) 363-6803e-mail: [email protected] canadian assets managed: $13,460.2 milPension assets: $11,487.1 mil (pooled $6,186.9 mil, segregated $5,300.2 mil)insurance co. segregated funds: $1,044.7 milPooled funds: $1,637 mil (U.s. equity $93.3 mil, active; global equity $1,543.7 mil, active)assets under specialist management: $5,300.2 mil (U.s. equity $806.9 mil, 1 mandate, active; global equity $3,321.7 mil, 5 mandates, active; eafe equity $1,171.6 mil, 3 mandates)clients: pooled 45, segregated 5international portfolio managers: 5international research staff: 8Location: torontointernational mandates offered: eafe equity; global equity; global ex-cdn. equity; U.s. equityfirm’s ownership: 100% owned by employeessprucegrove’s investment strategy employs the value approach to the management of equities. it is contrarian in character and emphasizes the long term, focusing on the selection of individual common stocks, using a bottom-up approach.

standard life inVestments inC.ste. 700, 1001 de maisonneuve blvd. W., montreal H3a 3c8Chief client contact: danielle morin, senior vice-president, distribution and client service, (514) 499-6844, fax: (514) 499-4340e-mail: [email protected] site: www.sli.catotal canadian assets managed: $27,608 mil

Pension assets: $10,157 mil (pooled $6,808 mil, segregated $3,349 mil)mutual fund assets: $4,329 milinsurance co. segregated funds: $1,289 milPooled funds: $6,559 mil (cdn. equity $1,342 mil, active; cdn. equity $307 mil, index; cdn. equity $125 mil, small cap; U.s. equity $254 mil, active; U.s. equity $205 mil, index; non-n.a. equity $119 mil, index; global equity $41 mil, active; cdn. bonds $673 mil, active; cdn. bonds $1,102 mil, passive; real return bonds $25 mil; high-yield bonds $13 mil; real estate equity $367 mil; real estate mortgage $69 mil; private equity $153 mil; cash $391 mil; balanced $1,373 mil)assets under specialist management: $7,004 mil (cdn. equity $1,999 mil, active; cdn. equity $305 mil, index; cdn. equity $273 mil, small cap; U.s. equity $114 mil, active; U.s. equity $173 mil, index; non-n.a. equity $90 mil, index; eafe equity $131 mil; cdn. bonds $458 mil, active; cdn. bonds $960 mil, immunized/dedicated; cdn. bonds $1,059 mil, passive; real estate equity $271 mil; real estate mortgage $66 mil; private equity $797 mil; cash $308 mil)clients: pooled 182, segregated 21domestic portfolio managers: 20domestic research staff: 8Location: edinburgh, London, montreal.international mandates offered: large cap U.s. equity; mid cap U.s. equity; eafe equity; global equity; global reit; UK equity; european private equity; U.s. private equity; european property.firm’s ownership: Wholly owned subsidiary of a financial institutionthe firm’s process combines asset allocation, stock selection, portfolio construction, risk management and dealing. it uses a fundamental, bottom-up approach for some strategies and a quantitative process for others. the firm offers core, value and index products.

state street gloBal adVisors ltd.ste. 1200, 770 sherbrooke st. W., montreal H3a 1G1Chief client contact: robert Weston, managing director, marketing and client relations, (514) 282-2413, fax: (514) 282-3048e-mail: [email protected] site: www.ssga.catotal canadian assets managed: $37,688.3 milPension assets: $34,935.6 mil (pooled $9,853.6 mil, segregated $25,081.9 mil)mutual fund assets: $504.6 milinsurance co. segregated funds: $1,181 milPooled funds: $9,853.6 mil (cdn. equity $226.8 mil, index; cdn. equity $4.1 mil, small cap; U.s. equity $55.1 mil, active; U.s. equity $3,839 mil, index; non-n.a. equity $32.8 mil, active; non-n.a. equity $1,704 mil, index; global equity $4.8 mil, active; cdn. bonds $49.4 mil, active; cdn. bonds $738 mil, passive; managed futures $189.6 mil; cdn. equity - enhanced $129.7 mil; U.s. equity - enhanced $73.5 mil; global equity - enhanced $362.7 mil; U.s. bonds $144 mil; cdn. bonds - enhanced $1,726.8 mil; cash $573.4 mil)assets under specialist management: $25,081.9 mil (cdn. equity $194.3 mil, 2 mandates, index; U.s. equity $816.3 mil, 2 mandates, index; non-n.a. equity $514.8 mil, 4 mandates, active; non-n.a. equity $123 mil, 1 mandate, index; global equity $707.7 mil, 1


mandate, index; emerging markets $532.2 mil, 1 mandate; cdn. bonds $335.1 mil, 9 mandates, immunized/dedicated; cdn. bonds $156.2 mil, 3 mandates, passive; U.s. equity - enhanced $616.7 mil, 1 mandate; currency overlay $1,093 mil, 12 mandates; portable alpha $78.7 mil, 1 mandate; strategic asset allocation $60.7 mil, 1 mandate; cash $19,853.3 mil, 4 mandates)clients: pooled 84, segregated 23domestic portfolio managers: 14domestic research staff: 3international portfolio managers: 310international research staff: 105Location: boston, Hong Kong, London, milan, montreal, munich, Paris, singapore, sydney, tokyo, Zurichinternational mandates offered: U.s. equity; eafe equity; global equity; cdn. equity; european equity; asian equityfirm’s ownership: Wholly owned subsidiary of a financial institutionssga has a history of innovation in developing its broad array of active, enhanced, passive, and alternative investment strategies. What matters most, however, is meeting the needs of its clients regardless of asset class and risk parameters.

struCtured CaPital inC.ste. 2030, 500 Place d’armes, montreal H2Y 2W2Chief client contact: robert ciamarro, president, (514) 284-4440, fax: (514) 284-6544e-mail: [email protected]’s ownership: Wholly owned by principalsstructured asset management inc. focuses on the active management of institutional canadian fixed income portfolios for clients with very specific objectives and/or constraints.

t. roWe PriCe100 east Pratt st., baltimore 21202Chief client contact: Wendy brodkin, vice-president, t. rowe Price (canada), inc., (410) 345-2000, fax: (410) 345-2349e-mail: [email protected] site: www.troweprice.comtotal canadian assets managed: $2,360 milPension assets: $76 mil (segregated $76 mil)insurance co. segregated funds: $2,284 milassets under specialist management: $76 mil (U.s. equity $76 mil, 1 mandate, active)clients: segregated 1international portfolio managers: 73international research staff: 122Location: baltimore, London, singapore, tokyo, Hong Konginternational mandates offered: non-U.s. and global equity; U.s. small-cap growth; value; and core; U.s. mid-cap growth and value; U.s. large-cap growth; value; and core; active sector specialties; systematic equity; non-U.s. & global fixed income; active U.s. fixed income; traditional balanced; cash management; venture distribution; non-U.s. & U.s. equity; bond asset allocationfirm’s ownership: Wholly owned subsidiary of a financial institutiont. rowe Price offers a wide array of actively managed investment strategies across multiple asset classes. it believes that fundamental research, bottom-up security selection, and investment process consistency can lead to outperformance at lower risk.

td asset management grouPtd canada trust tower, 161 bay st., 33rd and 34th floors, toronto m5J 2t2Chief client contact: robin Lacey, managing director, (416) 982-6585, fax: (416) 944-6158e-mail: [email protected] site: www.tdassetmanagement.comtotal canadian assets managed: $144,116 milPension assets: $37,692 mil (pooled $19,628 mil, segregated $18,064 mil)mutual fund assets: $56,753 milinsurance co. segregated funds: $2,851 milPooled funds: $19,628 mil (cdn. equity $428 mil, active; cdn. equity $2,852 mil, index; U.s. equity $312 mil, active; U.s. equity $3,579 mil, index; non-n.a. equity $653 mil, index; global equity $12 mil, active; global equity $57 mil, index; cdn. bonds $817 mil, active; cdn. bonds $9,780 mil, passive; real return bonds $468 mil; hedge funds $40 mil; global bonds (active and passive) $179 mil; cash $374 mil; balanced $77 mil)assets under specialist management: $32,731 mil (cdn. equity $306 mil, 7 mandates, active; cdn. equity $5,611 mil, 47 mandates, index; U.s. equity $381 mil, 9 mandates, active; U.s. equity $3,311 mil, 55 mandates, index; non-n.a. equity $479 mil, 21 mandate, index; global equity $33 mil, 4 mandates, index; cdn. bonds $1,191 mil, 27 mandates, active; cdn. bonds $17,114 mil, 114 mandates, passive; real return bonds $538 mil, 13 mandates; hedge funds $40 mil, 3 mandates; synthetics $3,161 mil, 11 mandates; cash $494 mil, 38 mandates; balanced $72 mil, 14 mandates)clients: pooled 222, segregated 57domestic portfolio managers: 25domestic research staff: 13firm’s ownership: td asset management Group is comprised of td asset management inc. (tdam), a wholly owned subsidiary of the toronto-dominion bank (td bank), and its affiliates.tdam believes clients’ investment needs are best served by progressive solutions that seek to deliver optimal risk-adjusted outcomes. increasingly, these solutions are moving beyond the conventional asset-only focus into liability-based approaches employing traditional, alternative and structured investments. to facilitate this, the firm continues to develop its passive, quantitative and fundamental active skills to support investment clients. clients can segregate and customize their portfolios, or access these skills and resources through pooled and mutual funds that offer significant benefits in terms of economies, governance and ease of administration.

te WealtHste. 710, 26 Wellington st. e., toronto m5e 1s2Chief client contact: steven belchetz, president & chief investment officer, (416) 640-8556e-mail: [email protected] site: www.tewealth.comtotal canadian assets managed: $2,260.4 milfirm’s ownership: Wholly owned by Jovian capitalas an investment manager of managers, the firm researches investment managers’ products and solutions and provides its clients with independent and objective investment advice and counsel. the firm uses a multi-style and multi-manager investment approach.

temPleton inVestment managementste. 1500, 200 King st. W., toronto m5H 3t4Chief client contact: see franklin templeton investments corp., (416) 957-6000, fax: (416) 364-6643e-mail: see franklin templeton investments corp.Web site: www.franklintempleton.catotal canadian assets managed: $24,637 milPension assets: $8,045 mil (pooled $2,998 mil, segregated $5,047 mil)mutual fund assets: $11,461 milinsurance co. segregated funds: $92 milPooled funds: $2,998 mil (cdn. equity $5 mil, active; non-n.a. equity $1,124 mil, active; global equity $1,815 mil, active; emerging markets $49 mil; global bonds $4 mil; balanced $1 mil)assets under specialist management: $5,048 mil (cdn. equity $323 mil, 2 mandates, active; U.s. equity $50 mil, 1 mandate, active; non-n.a. equity $3,294 mil, 15 mandates, active; global equity $827 mil, 5 mandates, active; emerging markets $554 mil, 1 mandate)clients: pooled 61, segregated 22domestic portfolio managers: 23domestic research staff: 8international portfolio managers: 32international research staff: 32Location: toronto, fort Lauderdale, edinburgh, Hong Kong, melbourne, nassau, singapore, buenos aires, Johannesburg, moscow, mumbai, rio de Janeiro, seoul, shanghai, Warsaw, vienna, istanbul, frankfurt, dubaiinternational mandates offered: global equity; international equity; small cap equity; balanced strategy; global all cap strategy; emerging markets equity; global bonds; hedge fundsfirm’s ownership: operating division ñ franklin templeton investments corp.since 1940, templeton has distinguished itself as the leader in global investment management. the firm’s investment philosophy is based on three beliefs: value, patience and bottom-up analysis. to identify undervalued companies, templeton has a worldwide team of experienced analysts who utilize fundamental analysis and proprietary screens to identify bargains. Portfolios are then constructed using a bottom-up process.

tetrem CaPital Partners ltd.1450-201 Portage ave., Winnipeg r3b 3K6Chief client contact: allan Hutton, manager, consulting services, (866) 975-2865, fax: (204) 975-2866e-mail: [email protected] site: www.tetrem.comtotal canadian assets managed: $8,404 milfirm’s ownership: Wholly owned by principalstetrem adheres to a contrarian value investment strategy. tetrem’s primary focus is seeking out and investing in undervalued companies. tetrem utilizes quantitative and fundamental analysis in their rigorous stock selection process.

tHomPson Wood Page & Co.ste. 200, 60 rebecca st., oakville, on L6K 1J2Chief client contact: chris Page, chief investment officer, (905) 337-2227, fax: (905) 337-3552e-mail: [email protected] site: www.twpco.ca



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total canadian assets managed: $35 mildomestic portfolio managers: 2domestic research staff: 1international mandates offered: global value; Us corefirm’s ownership: Wholly owned by principalsfundamentally, the firm believes that growth in corporate profits lead to share price appreciation. thompson Wood Page analyzes over 3200 stocks, focusing on the long-term profitability of a company and employing rigorous tests to ensure the profits will continue to grow into the future. the firm believes that market noise is generated by emotional response, whether fear or greed, and by applying strict discipline its process avoids emotional decisions.

traPeZe asset management inC.22 st. clair ave. e., 18th fl., toronto m4t 2s3Chief client contact: mike vinokur, associate portfolio manager, (416) 867-0774, fax: (416) 867-9771e-mail: [email protected] site: www.trapezeasset.comdomestic portfolio managers: 9domestic research staff: 4international research staff: 4firm’s ownership: Wholly owned by principalstami invests in undervalued securities on a diversified basis. the firm does so by buying securities at a significant discount to its appraised value. tami seeks to invest in companies that meet certain fundamental value criteria.

tt internationalmoor House, Level 13, 120 London Wall, London, england ec2Y 5etChief client contact: david Woolfenden, client service analyst, tt international, 011 44 20 7509 1000, fax: 011 44 20 7410 3509e-mail: [email protected] site: www.ttint.comtotal canadian assets managed: $1,718.4 milPension assets: $1,598.9 mil (pooled $99.3 mil, segregated $1,499.7 mil)assets under specialist management: $2,971.5 mil (eafe equity $1,471.8 mil, 2 mandates; Pan europe equity $1,499.7 mil, 1 mandate)clients: pooled 1, segregated 3Location: Londoninternational mandates offered: eafe equity; UK equity; Pan europe equity; europe ex-UK equity; euro Zone equity; hedge fundsfirm’s ownership: Wholly owned by principalstt’s investment strategy combines top-down and bottom-up inputs. the firm aims to enhance returns through active regional and country allocation, sector rotation, and stock selection, as well as currency management.

tWenty first Century inVestments inC. & tWenty first Century funds inC.401 bay st., Po box 124, toronto m5H 2Y4Chief client contact: allan Hutton, manager, consulting services, (416) 364-9993, fax: (416) 364-1218e-mail: [email protected] canadian assets managed: $23.3 milPension assets: $3 mil (pooled $3 mil) Pooled funds: $3 mil (cdn. equity $2.5 mil, active; cdn. bonds $0.5 mil, active)clients: pooled 2firm’s ownership: Wholly owned by principalstWentY-first centUrY fUnds inc.

offers two institutional pooled funds: cdn. equity (30% U.s. content), managed by Hillsdale investment management (Quant) and cdn. bonds, managed by aurion capital management ñ duration management and credit research.

uBs gloBal asset management (Canada)ste. 3900, 161 bay st., toronto m5J 2s1Chief client contact: Peter clarke, managing director, head of canada, (416) 681-5200, fax: (416) 681-5100e-mail: [email protected] site: www.ubs.comtotal canadian assets managed: $24,652.6 milPension assets: $12,604.5 mil (pooled $4,081.3 mil, segregated $8,523.2 mil)Pooled funds: $4,081.3 mil (cdn. equity $453.8 mil, active; U.s. equity $107.9 mil, active; cdn. bonds $171.8 mil, active; global & eafe $910.1 mil; other $150.7 mil; cash $36.4 mil; balanced $2,250.6 mil)assets under specialist management: $8,523.2 mil (cdn. equity $2,779.1 mil, 13 mandates, active; U.s. equity $818.7 mil, 4 mandates, active; cdn. bonds $948.6 mil, 9 mandates, active; global & eafe $3,045.8 mil, 9 mandates; balanced $931 mil, 12 mandates)clients: pooled 245, segregated 47domestic portfolio managers: 9domestic research staff: 11international portfolio managers: 147international research staff: 333Location: chicago, frankfurt, Hong Kong, London, minneapolis, montreal, new York, Paris, shenzhen, singapore, stamford, sydney, toronto, tokyo, Zurichinternational mandates offered: U.s. equity; eafe equity; global equity; european equity; global fixed income; U.s. fixed income; global balanced; various regional equity and fixed income products; real estate; hedge funds; infrastructure; 130/30 equity; U.s. growth equity; eafe growth equity; emerging market growth equityfirm’s ownership: Wholly owned subsidiary of a financial institutionUbs global asset management’s goal is to be recognized as one of the world’s leading asset managers. the firm will achieve this by focusing on client needs. by harnessing its global scope and diverse range of investment capabilities, the firm delivers innovative solutions and consistent results to its clients.

Van BerKom and assoCiates inC.ste. 1005, 1130 sherbrooke st. W., montreal H3a 2m8Chief client contact: sebastian van berkom, president and chief executive officer, (514) 985-5759, fax: (514) 985-2430e-mail: [email protected] site: www.vbassociates.comtotal canadian assets managed: $933.7 milPension assets: $849.2 mil (segregated $849.2 mil)assets under specialist management: $1,224.8 mil (cdn. equity $910.8 mil, 7 mandates, small cap; U.s. small-cap equities $314 mil, 5 mandates)clients: segregated 5domestic portfolio managers: 2domestic research staff: 3international portfolio managers: 1international research staff: 3Location: montreal

international mandates offered: U.s. small-cap equitiesfirm’s ownership: Wholly owned by principalsvba’s focus is on finding young, early-established growth stocks that generate high returns on capital, with sustainable long-term earnings growth potential, and that have minimal debt.

ViCtory CaPital management inC.127 Public square, cleveland 44114Chief client contact: Lucy vrban, managing director, (216) 689-4400, fax: (216) 689-8315e-mail: [email protected] site: www.victoryconnect.comtotal canadian assets managed: $128 mildomestic portfolio managers: 5domestic research staff: 13international portfolio managers: 5international research staff: 2Location: new Yorkinternational mandates offered: international small cap equity; international micro cap equity; international european small cap equity; international european micro cap equityfirm’s ownership: Wholly owned subsidiary of a financial institutionvictory applies a value-oriented, fundamentally focused investment process to its diversified/Lcv strategies. the firm’s objective is to identify out-of-favour stocks that possess the best combination of attractive valuation/improvement of investor sentiment.

VontoBel asset management, inC.1540 broadway, 38th fl., new York 10036Chief client contact: Jeffrey Kutler, vice-president, (212) 415-7000, fax: (212) 415-7087email: [email protected]: www.vusa.comtotal canadian assets managed: $65.4 milinternational mandates offered: eafe plus equity; global equity; continental europe equity; far east equity; emerging markets equityfirm’s ownership: Wholly owned subsidiary of a financial institutionPhilosophically, vontobel believes that investing in good companies and in good businesses that sell at attractive prices will enable the firm to add value to its client’s portfolios and help them achieve their investment objectives.

Voyageur asset management inC.ste. 2300, 100 south fifth st., minneapolis, mn 55402Chief client contact: bridget tompkins, managing director, director of client service, (800) 376-7000, fax: (612) 376-7007e-mail: [email protected] site: www.voyageur.nettotal canadian assets managed: $82.4 milassets under specialist management: $82.4 mil (U.s. equity $82.4 mil, 1 mandate, active)domestic portfolio managers: 29domestic research staff: 14international portfolio managers: 3international research staff: 3Location: bostoninternational mandates offered: eafe equityfirm’s ownership: Wholly owned subsidiary of a financial institutionvoyageur’s Growth equity strategies seek superior returns through careful equity

benefitscanada.com november 2007 27

selection from a universe of high-quality companies, strong fundamental research and adherence to strict risk controls.

Wellington management ComPany, llP75 state st., boston 02109Chief client contact: Jason stefanelli, vice-president, (617) 951-5831, fax: (617) 443-5831e-mail: [email protected] site: www.wellington.comtotal canadian assets managed: $10,251 milPension assets: $9,565 mil (pooled $169 mil, segregated $9,396 mil)Pooled funds: $169 mil (U.s. equity $7 mil, active; emerging markets $162 mil)assets under specialist management: $9,565 mil (U.s. equity $3,352 mil, 15 mandates, active; global equity $4,305 mil, 13 mandates, active; emerging markets $162 mil, 1 mandate; eafe equity $1,513 mil, 3 mandates; global bonds $233 mil, 1 mandate)clients: pooled 2, segregated 21domestic portfolio managers: 95domestic research staff: 257international portfolio managers: 7international research staff: 22Location: London, sydney, tokyointernational mandates offered: U.s. equity; eafe equity; global equity; global sectors; regional equity; emerging markets equity; U.s. fixed income; global fixed income; emerging markets debt; international quantitative; active currency; absolute return; asset allocation; global balanced; china opportunities; Latin america equityfirm’s ownership: Wholly owned by principalsfounded in 1928, Wellington management company, LLP offers global investment solutions to clients worldwide, including equity, fixed income and multi-asset strategies drawing upon the firm’s substantial fundamental, quantitative and technical resources.

Wise CaPital management inC.ste. 1305, 2200 Yonge st., toronto m4s 2c6Chief client contact: sam Wiseman, chief investment officer, (416) 483-1900, fax: (416) 483-1983e-mail: [email protected] site: www.wisecapitalmanagement.comtotal canadian assets managed: $167 milPension assets: $65 mil (segregated $65 mil)assets under specialist management: $65 mil (cdn. equity $65 mil, 3 mandates, active)clients: segregated 3domestic portfolio managers: 1domestic research staff: 3international research staff: 2international mandates offered: global equityfirm’s ownership: Wholly owned by principalsUnique value quantitative model with 20 market factors, capturing inefficiencies, and a full fundamental overlay. Global economic themes and an optimization model assist fine-tuning industry and stock allocations. several levels of risk control.

yorK inVestment strategies inC.ste. 600, 130 bloor st. W., toronto m5s 1n5Chief client contact: clive morgan, president, (416) 927-0599, fax: (416)929-9437e-mail: [email protected] site: www.yorkfunds.com

total canadian assets managed: $240 milPension assets: $150 mil (pooled $150 mil)Pooled funds: $150 mil (hedge funds $150 mil)clients: pooled 5firm’s ownership: Wholly owned by principalsYork investment strategies implements alternative investment strategies designed to meet the risk-return objectives of plan sponsors. the appropriate strategy is implemented using external hedge fund-of-funds and customized allocations.


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