ADDENDA CAPITAL INC.
Contact: Janick Boudreau, CFA
Executive Vice-President, Business Development & Client Partnerships
Address: 800 René-Lévesque Blvd. W., Ste. 2800, Montréal, QC, H3B 1X9
Phone: 514-908-1989
Fax: 514-287-7200
Email: j.boudreau@addendacapital.com
Website: addendacapital.com
Total Canadian clients: 215
Clients with EAFE & EM portfolios: 24
Separately managed AUM for Canadian clients (CDN $M): EAFE $367.3
Pooled AUM for Canadian clients (CDN $M): US $301.5; EAFE $234.1
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $6
Total Canadian pension AUM for Canadian clients (CDN $M): $6,609
Total firm pension AUM (CDN $M): $6,609
Management style: Active; market capitalization: large; growth
Currency management: No
Portfolios managed: Internally
Managing EAFE & EM since: May 1, 2012
Ownership structure: Third party, 100%; Co-operators Financial Services Limited, 95%; Addenda Capital employees, 5%
Portfolio managers: 27
Research analysts: 33
Performance standards: GIPS
Locations: Montréal, Toronto, Guelph, Regina
Minimum investment (CDN $M): Pooled, $5; separate, $10
ALLIANCEBERNSTEIN L.P.
Contact: Steven Arts
VP Institutional Advisor
Address: 200 Bay St., North Tower #1203, Toronto, ON, M5J 2J2
PH: 647-375-2805
Email: steven.arts@alliancebernstein.com
Website: abglobal.com
Total Canadian clients: 18
Clients with EAFE & EM portfolios: 13
Separately managed AUM for Canadian clients (CDN $M): US $383.3; EAFE $98.7
Pooled AUM for Canadian clients (CDN $M): EAFE $620.2; emerging markets $108.6
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $828
Total Canadian pension AUM for Canadian clients (CDN $M): $1,211
Total firm pension AUM (CDN $M): $92,263
Management style: Active; diversified and single-sector strategies for fixed income and both growth and value
Portfolios managed: Internally
Managing EAFE & EM since: 1980s
Ownership structure: Principals, 9%; publicly held, 22%; third party, 69% (Equitable Holdings)
AllianceBernstein is affiliated with several financial service organizations, the most prominent being Equitable Holdings, Inc. (EQH), our majority owner. EQH is a leading financial services company comprised of two principal franchises: Equitable Financial Life Insurance Company and AllianceBernstein.
Portfolio managers: 88
Research analysts: 176
Performance standards: AIMR, other
Locations: 52 cities across 25 countries and jurisdictions; headquarters in Nashville, TN
Minimum investment (CDN $M):
Pooled, $10,000,000; separate, $25,000,000
AMUNDI CANADA INC
Contact: Tanya Bishop
Senior Director
Address: 2000 McGill College Ave., Montreal, QC, H3A 3H3
Phone: 647-201-4225
Email: tanya.bishop@amundi.com
Website: amundi.ca/professional
Total Canadian clients: 43
Clients with EAFE & EM portfolios: 7
Separately managed AUM for Canadian clients (CDN $M): Single country $25; emerging markets $67
Pooled AUM for Canadian clients (CDN $M): Emerging markets $299
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $345
Total Canadian pension AUM for Canadian clients (CDN $M): $8,904
Total firm pension AUM (CDN $M): $8,904
Management style: Active; market capitalization: large; style: value
Currency management: Yes
Portfolios managed: Internally
Ownership structure: Principals, 70%; publicly held, 29%; third party, 1%
Portfolio managers: 50+ on EM
Research analysts: 20 on EM
Performance standards: Other
Locations: Paris, London, Milan, Dublin
Minimum investment (CDN $M): Pooled, $5; separate, $20
BAILLIE GIFFORD INTERNATIONAL LLC
Contact: Nick Thomas
Head of Clients Department
Address: 1 Greenside Row, Edinburgh, Sco., EH1 3AN
PH: 0-747-495-7535
Email: brirequests@bailliegifford.com
Website: bailliegifford.com
Total Canadian clients: 57
Clients with EAFE & EM portfolios: 25
Separately managed AUM for Canadian clients (CDN $M): EAFE $1,495.8; emerging markets $698.6
Pooled AUM for Canadian clients (CDN $M): US $63.8; EAFE $284.9; single country $0.7; emerging markets $770.3
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $779
Total Canadian pension AUM for Canadian clients (CDN $M): $5,277
Total firm pension AUM (CDN $M): $178188
Management style: Active; style: growth
Currency management: No
Portfolios managed: Internally
Managing EAFE & EM since: Our EM capability developed gradually during the 1990s
Ownership structure: Principals, 100%
Portfolio managers: 116
Research analysts: 59
Performance standards: GITS, other
Locations: Amsterdam, Edinburgh, Dublin, Frankfurt, Honk Kong, London, New York, Shanghai, Singapore, Toronto, Zurich
Minimum investment (CDN $M): Pooled, $10,000,000
BAY DE VERDE HERITAGE PREMISES
Contact: Carl Riggs
Manager
Address: 7 Blundon Pt., Bay de Verde, NL, A0A 1E0
PH: 709-587-2766
Total Canadian clients: 20
Clients with EAFE & EM portfolios: 1
Separately managed AUM for Canadian clients (CDN $M): US $100; EAFE $100; single country $200; emerging markets $100
Pooled AUM for Canadian clients (CDN $M): US $200; EAFE $100; single country $200; emerging markets $100
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $100
Total Canadian pension AUM for Canadian clients (CDN $M): $200
Total firm pension AUM (CDN $M): $100
Management style: Active; market capitalization: large; style: growth
Currency management: Yes
Portfolios managed: Internally
Ownership structure: Principals, 100%; publicly held, 22%; third party, 44%
Performance standards: AIMR, GITS
Minimum investment (CDN $M): Pooled, $100; separate, $200
BEUTEL, GOODMAN & COMPANY LTD.
Contact: Kimberley Woolverton
Managing Director, Head of Institutional
Address: 2000-20 Eglinton Avenue W., Toronto, ON, M4R 1K8
Phone: 416-545-5367 ext. 367
Fax: 416-485-8516
Email: kwoolverton@beutelgoodman.com
Website: beutelgoodman.com
Total Canadian clients: 103
Clients with EAFE & EM portfolios: 3
Separately managed AUM for Canadian clients (CDN $M): US $3,954; EAFE $548; single country $11,791
Pooled AUM for Canadian clients (CDN $M): US $3,319; EAFE $648; single country $8,876
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $565
Total Canadian pension AUM for Canadian clients (CDN $M): $22,473
Total firm pension AUM (CDN $M): $22,836
Management style: Active; market capitalization: large; style: value
Currency management: No
Portfolios managed: Internally
Managing EAFE & EM since: January 1, 2001
Ownership structure: Principals, 51%; third party, 49%
Portfolio managers: 2
Research analysts: 7
Performance standards: GIPS
Location: Toronto, ON
Minimum investment (CDN $M): Pooled, $0.5; separate, $25
BURGUNDY ASSET MANAGEMENT LTD.
Contact: Mike Sandrasagra
Vice President, Global Head of Consultant Relations
Address: 181 Bay St., Ste. 4510, Toronto, ON, M5J 2T3
Phone: 416-869-3222
Fax: 416-869-1700
Email: msandrasagra@burgundyasset.com
Website: burgundyasset.com
Total Canadian clients: 4,271
Clients with EAFE & EM portfolios: 84
Separately managed AUM for Canadian clients (CDN $M): US $2,597; EAFE $13; single country $584; emerging markets $25
Pooled AUM for Canadian clients (CDN $M): US $5,175; EAFE $775; single country $2,775; emerging markets $482
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $545
Total Canadian pension AUM for Canadian clients (CDN $M): $4,323
Total firm pension AUM (CDN $M): $5,290
Management style: Active; style: value; we emphasize a quality-value investment style. We offer distinct strategies that focus on different market capitalization ranges
Currency management: No
Portfolios managed: Internally
Managing EAFE & EM since: EAFE – November 2004, emerging markets – May 2010
Ownership structure: Principals, 100%
Portfolio managers: 14
Research analysts: 16
Performance standards: GIPS
Locations: Toronto, ON (HQ), Montreal, QC, Vancouver, BC
Minimum investment (CDN $M): Pooled, $5; separate, $10
Note: On June 19, 2025, Burgundy announced it will formally join BMO Financial Group (BMO). Burgundy will operate as an independent line of business within BMO, maintaining the investment philosophy, people, and principles that have defined the firm’s approach since its inception. The transaction is expected to close in November 2025.
CAPITAL GROUP CANADA
Contact: Mike Tuira
Vice-President, Institutional
Address: Brookfield Place, 181 Bay St., Ste. 3100, Toronto, ON, M5J 2T3
Phone: 647-553-1054
Fax: 213-486-9223
Email: Mike.Tuira@capgroup.com
Website: capitalgroup.com/ca
Management style: Active; style: core; all capitalization ranges (small, mid, large)
Currency management: Yes
Portfolios managed: Internally
Managing EAFE & EM since: 1978
Ownership structure: Principals, 100%
Portfolio managers: 126
Research analysts: 228
Performance standards: GIPS
Locations: London, Geneva, Los Angeles, San Francisco, Toronto, New York, Washington, DC, Tokyo, Hong Kong, Singapore, Mumbai, plus service offices in multiple cities
Minimum investment (CDN $M): Pooled, $15; separate, TBD
CIBC ASSET MANAGEMENT
Contact: Carlo DiLalla
Managing Director & Head, Institutional Asset
Management
Address: 161 Bay St, Ste. 2230, Toronto, ON, M5J 2S1
Phone: 416-980-2768
Email: carlo.dilalla@cibc.com
Website: cibcam-institutional.com
Total Canadian clients: 126
Clients with EAFE & EM portfolios: 46
Separately managed AUM for Canadian clients (CDN $M): US $1,022.03; EAFE $631.72; single country $33957.02
Pooled AUM for Canadian clients (CDN $M): US $322.95; EAFE $609.79; single country $123.74
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $1,220
Total Canadian pension AUM for Canadian clients (CDN $M): $26,905
Total firm pension AUM (CDN $M): $32,517
Management style: Active; market capitalization: large; style: growth; management style is active and passive
Currency management: Yes
Portfolios managed: Internally
Managing EAFE & EM since: 1992
Ownership structure: Publicly held, 100%
Portfolio managers: 21
Research analysts: 35
Performance standards: AIMR
Locations: Toronto, Montreal
Minimum investment (CDN $M): Pooled, $10; separate, $25
CI GLOBAL ASSET MANAGEMENT
Contact: Bill Bleed
SVP, National & Institutional Accounts
Address: 15 York St, Toronto, ON, M5J 0A3
PH: 416-729-7017
Email: tlagonia@ci.com
Website: cifinancial.com/ci-gam/ca/en/portfoliomanagement/ci-institutional-asset-management.html
Total Canadian clients: 89
Clients with EAFE & EM portfolios: 9
Separately managed AUM for Canadian clients (CDN $M): US $0, EAFE $13.17; single country $2,223.45; emerging markets $0.35
Pooled AUM for Canadian clients (CDN $M): EAFE $11; single country $1,254
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $11
Total Canadian pension AUM for Canadian clients (CDN $M): $3,235
Total firm pension AUM (CDN $M): $3,235
Management style: Active; market capitalization: large; style: core
Currency management: Yes
Portfolios managed: Internally
Managing EAFE & EM since: 1965
Ownership structure: Principals, 16.91%; publicly held, 83.09%
Portfolio managers: 40
Research analysts: 38
Performance standards: Other
Locations: Toronto, Montreal, Calgary, and Vancouver
Minimum investment (CDN $M): Pooled, $2,000,000; separate, $100,000,000
CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD.
Contact: Jean-Philippe Lemay
Managing Director, Head of Institutional Sales, Global
Address: 1800 McGill College Ave., Ste. 1300, Montreal, QC, H3A 3J6
Phone: 514-287-0110
Fax: 514-287-9176
Email: JPLemay@cclgroup.com
Website: cclinvest.com
Total Canadian clients: 192
Clients with EAFE & EM portfolios: 28
Pooled AUM for Canadian clients (CDN $M): EAFE $280.88; emerging markets $1,497.47
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $1,175.59
Total Canadian pension AUM for Canadian clients (CDN $M): $31,828.61
Total firm pension AUM (CDN $M): $39,976.33
Management style: Active; market capitalization: large; style: core; market cap includes all cap and small cap
Currency management: Yes
Portfolios managed: Internally
Managing EAFE & EM since: 2013
Ownership structure: Principals, 71%; third party, 29% (Connor, Clark & Lunn Financial Group Ltd.)
Portfolio managers: 11
Research analysts: 44
Performance standards: Other
Locations: Investment professionals: Vancouver; administration/sales: Toronto, Montreal; Connecticut (US); London (UK); Gurugram (India)
Minimum investment (CDN $M): Pooled, $10; separate, $300
DESJARDINS GLOBAL ASSET MANAGEMENT
Contact: Natalie Bisaillon
Managing Director and Chief of Institutional Client Relations
Address: 1, Complexe Desjardins, 20th Fl., South Tower, Montreal, QC, H5B 1B2
Phone: 514-214-5742
Fax: 514-281-7253
Email: Natalie.Bisaillon@desjardins.com
Website: dgam.ca
Total Canadian clients: 39
Clients with EAFE & EM portfolios: 6
Separately managed AUM for Canadian clients (CDN $M): EAFE $316
Pooled AUM for Canadian clients (CDN $M): Emerging markets $313
Total Canadian pension AUM for Canadian clients (CDN $M): $12,556
Total firm pension AUM (CDN $M): $12,556
Management style: Active; market capitalization: large; style: core
Currency management: Yes
Portfolios managed: Internally
Managing EAFE & EM since: 1991
Ownership structure: Third party, 100%
Portfolio managers: 6
Research analysts: 2
Performance standards: AIMR
Locations: Montréal, Lévis, Toronto
Minimum investment (CDN $M): Pooled, $5; separate, $50
FIERA CAPITAL CORPORATION
Contact: Sarah Aves
Head of Institutional Clients, Canada
Address: 1981 McGill College Ave., Ste. 1500, Montreal, QC, H3A 0H5
Phone: 416-475-8566
Fax: 416-866-2390
Email: saves@fieracapital.com
Website: fieracapital.com
Total Canadian clients: 3,501
Clients with EAFE & EM portfolios: 562
Separately managed AUM for Canadian clients (CDN $M): US $1,565
Pooled AUM for Canadian clients (CDN $M): US $4,240; EAFE $335; emerging markets $97
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $99
Total Canadian pension AUM for Canadian clients (CDN $M): $32,086
Total firm pension AUM (CDN $M): $37,255
Management style: Active; market capitalization: large; style: growth; Fiera Capital offers a broad spectrum of investment strategies across asset classes, styles, and capitalization ranges. GARP: growth at reasonable price
Currency management: Yes
Portfolios managed: Internally
Managing EAFE & EM since: 2010
Ownership structure: Principals, 20%; publicly held, 80%
Portfolio managers: 41
Research analysts: 49
Performance standards: AIMR, GITS
Locations: Montreal, Toronto, Calgary, New York, Boston, Dayton, London, Frankfurt, Isle of Man, Zurich, The Hague, Hong Kong, Singapore, Abu Dhabi
Minimum investment (CDN $M): Pooled, $5; separate, $20
FOYSTON, GORDON & PAYNE INC.
Contact: Gabriel Lopezpineda
Senior Vice President, Head of Institutional
Address: 1 Adelaide St. E., Ste. 2600, Toronto, ON, M5C 2V9
PH: 416-848-1948
Fax: 416-367-1183
Email: glopezpineda@foyston.com
Website: foyston.com
Total Canadian clients: 951
Clients with EAFE & EM portfolios: 452
Separately managed AUM for Canadian clients (CDN $M): US $134; EAFE $124
Pooled AUM for Canadian clients (CDN $M): US $502; EAFE $454
EAFE & EM pension AUM for Canadian clients (CDN $M): $92
Total Canadian pension AUM for Canadian clients (CDN $M): $2,123
Total firm pension AUM (CDN $M): $2,123
Management style: Active; style: value; market capitalization: all cap
Currency management: No
Portfolios managed: Internally
Managing EAFE & EM since: 30+ years
Ownership structure: Principals, minority; third party, majority (Affiliated Manager Group)
Portfolio managers: 7
Research analysts: 10
Performance standards: AIMR
Locations: Toronto
Minimum investment (CDN $M): Pooled, $5,000,000; separate, $2,500,000
FRANKLIN TEMPLETON
Contact: Dennis Tew
Head of Sales, Canada
Address: 200 King St. W, Ste. 1400, Toronto, ON, M5H 3T4
Phone: 416-957-6023
Email: dennis.tew@franklintempleton.ca
Website: franklintempleton.ca
Total Canadian clients: 110
Clients with EAFE & EM portfolios: 20
Separately managed AUM for Canadian clients (CDN $M): US $861; EAFE $58; single country $351; emerging markets $158
Pooled AUM for Canadian clients (CDN $M): US $23; EAFE $69; single country $783; emerging markets $896
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $1,181
Total Canadian pension AUM for Canadian clients (CDN $M): $14,354
Total firm pension AUM (CDN $M): $14,354
Management style: Active; market cap: small, mid, large; style: value, growth, core
Currency management: Yes
Portfolios managed: Internally
Managing EAFE & EM since: EAFE – 1954, emerging markets – 1987
Ownership structure: Principals, 36%; publicly held, 64%
Portfolio managers: 170
Research analysts: 177
Performance standards: GIPS
Locations: Toronto, Nassau, Fort Lauderdale, Edinburgh, Singapore, Melbourne, Hong Kong, Shanghai, Rio De Janeiro, Buenos Aires, Warsaw, Istanbul, Moscow, Dubai, Mumbai, Vienna, Bucharest, Johannesburg, Ho Chi Minh City, Kuala Lumpur, Seoul, Bangkok
Minimum investment (CDN $M): Pooled, $1; separate, $20
GEORGIESFINEST
Contact: Owner
Address: 116 Arbour Glen Crescent, London, ON, N5Y 2A4
PH: 226-663-2297
Email: georgecharrier65@gmail.com
Website: Georgies Finest
Total Canadian clients: 2
Clients with EAFE & EM portfolios: 2
Currency management: Yes
GLOBAL ALPHA CAPITAL MANAGEMENT
Contact: Jean-Philippe Lemay
Managing Director, Head of Institutional Sales, Global
Address: 1800 McGill College Ave., Ste. 1300, Montreal, QC, H3A 3J6
Phone: 514-287-0110
Fax: 514-287-9176
Email: JPLemay@cclgroup.com
Website: globalalphacapital.com
Total Canadian clients: 57
Clients with EAFE & EM portfolios: 16
Separately managed AUM for Canadian clients (CDN $M): EAFE $1,002.10
Pooled AUM for Canadian clients (CDN $M): EAFE $256.10; emerging markets $15.52
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $993.97
Total Canadian pension AUM for Canadian clients (CDN $M): $2,409.01
Total firm pension AUM (CDN $M): $5,579.02
Management style: Active; market capitalization: small; style: core
Currency management: No
Portfolios managed: Internally
Managing EAFE & EM since: EAFE – 2009, emerging markets – 2021
Ownership structure: Principals, 51%; third party, 49% (Connor, Clark & Lunn Financial Group Ltd.)
Portfolio managers: 7
Research analysts: 5
Performance standards: Other
Locations: Investment professionals: Montreal, Vancouver; administration/sales: Toronto; Connecticut (US); London (UK); Gurugram (India)
Minimum investment (CDN $M): Pooled, $1; separate, $20
GUARDIAN CAPITAL LP
Contact: Robin Lacey
Head of Institutional Asset Management
Address: 199 Bay St., Ste. 2700, Toronto, ON, M5L 1E8
Phone: 416-947-4082
Email: rlacey@guardiancapital.com
Website: guardiancapital.com
Total Canadian clients: 85
Clients with EAFE & EM portfolios: 6
Separately managed AUM for Canadian clients (CDN $M): US $31.76; EAFE $12.24; single country $8,577.37; emerging markets $0
Pooled AUM for Canadian clients (CDN $M): US $278.76; EAFE $137.04; single country $2,759.14; emerging markets $19.28
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $0.14
Total Canadian pension AUM for Canadian clients (CDN $M): $2,233.99
Total firm pension AUM (CDN $M): $2,562.94
Management style: Active; market cap: mid to large cap; style: growth & core
Currency management: Yes
Portfolios managed: Internally
Managing EAFE & EM since: 2004
Ownership structure: Third party, 100%
Portfolio managers: 81
Research analysts: 36
Performance standards: AIMR
Locations: Toronto, Montreal, Calgary, London (UK), Salt Lake City (USA), Richmond (USA), Charlotte (USA)
Minimum investment (CDN $M): Pooled, $1; separate, varies by mandate
HILLSDALE INVESTMENT MANAGEMENT INC.
Contact: Harry Marmer
EVP
Address: 100 King St. W., Toronto, ON, M5X 1E4
PH: 416-913-3919
Fax: 416-913-3901
Email: ddeck@hillsdaleinv.com
Website: hillsdaleinv.com
Total Canadian clients: 28
Clients with EAFE & EM portfolios: 7
Separately managed AUM for Canadian clients (CDN $M): US $149; EAFE $180; single country $1962; emerging markets $49
Pooled AUM for Canadian clients (CDN $M): US $479; single country $385
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $229
Total Canadian pension AUM for Canadian clients (CDN $M): $3,205
Total pension AUM by firm (CDN $M): $3,895
Management style: Active; style: core; customized strategies for global and small-cap investing
Currency management: No
EAFE & EM portfolios primarily managed: Internally
EAFE & EM assets managed since: 2013
Ownership structure: Hillsdale is an institutional investment boutique aligned with its clients’ best interests.
Portfolio managers: 6
Research analysts: 11
Performance standards: Other
Locations: Toronto
Minimum investment (CDN $M): Pooled, $2,000,000; separate, $20,000,000
JARISLOWSKY FRASER
Contact: Institutional sales, Dexton Blackstock - Central & Western | Karl W. Gagné - Eastern Canada
Head of Institutional Business Development | Central & Western Canada
Address: 40 Temperance St., 18th floor Toronto, Ontario M5H 0B4
Phone: 1-800-736-8666
Email: info@jflglobal.com
Website: jflglobal.com
Management style: Active; market capitalization: large; quality GARP
Currency management: No
Portfolios managed: Internally
Managing EAFE & EM since: +25 years
Ownership structure: Third party, The Bank of Nova Scotia
Portfolio managers: 2
Research analysts: 11
Performance standards: GITS
Locations: Montreal, Toronto, Calgary, Vancouver
Minimum investment (CDN $M): Pooled, $1; separate, $25
LAZARD ASSET MANAGEMENT LLC
Contact: Robert Harrison
Managing Director
Address: 161 Bay St., 27th Fl., Toronto, ON, M5J 2S1
PH: 416-945-6627
Email: robert.harrison@lazard.com
Website: lazardassetmanagement.com
Total Canadian clients: 67
Clients with EAFE & EM portfolios: 4
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $1,309
Total Canadian pension AUM for Canadian clients (CDN $M): $2,272
Total pension AUM by firm (CDN $M): $60,822
Management style: Active; Lazard is an asset management firm with geographically diverse strategies and strength in multiple investment disciplines. We offer a wide selection of traditional and alternative investment strategies spanning a range of risk-return parameters, management styles, and market capitalizations. For information related to a specific Lazard strategy, please contact your Lazard representative.
Currency management: Yes
EAFE & EM portfolios managed: Internally
Managing EAFE & EM since: 1971
Ownership structure: Lazard Asset Management LLC is a Delaware limited liability company. It is a wholly owned subsidiary of Lazard Frères & Co. LLC (LF&Co.), a New York limited liability company with one member, Lazard Group LLC, a Delaware limited liability company. Interests of Lazard Group LLC are held by Lazard, Inc., which is a Delaware corporation with shares that are publicly traded on the New York Stock Exchange under the symbol “LAZ.” For additional details on ownership, please refer to Lazard’s Form ADV Part 1, which is available on the SEC website.
Portfolio managers: 114
Research analysts: 117
Performance standards: AIMR, other
Locations: Toronto, ON; Montréal, QC; New York, NY; Boston, MA; San Francisco, CA; London, UK; Dubai, United Arab Emirates; Saudi Arabia; Dublin; Belgium; Spain; Netherlands; Sweden; Germany; Austria; Italy; Switzerland; Tokyo, Japan; Seoul, Korea; Sydney, Australia; Central, Hong Kong; Singapore
LEITH WHEELER INVESTMENT COUNSEL LTD.
Contact: Gary Wong
Principal, Portfolio Manager – Institutional Clients
Address: 400 Burrard St, Ste. 1500, Vancouver, BC, V6C 3A6
Phone: 604-683-3391
Fax: 604-683-0323
Email: GaryW@leithwheeler.com
Website: leithwheeler.com
Total Canadian clients: 240
Clients with EAFE & EM portfolios: 137
Separately managed AUM for Canadian clients (CDN $M): US $243
Pooled AUM for Canadian clients (CDN $M): US $1,330; EAFE $1,141; emerging markets $221
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $789
Total Canadian pension AUM for Canadian clients (CDN $M): $12,953
Total firm pension AUM (CDN $M): $12,953
Management style: Active; style: value; all-cap market capitalization style
Currency management: No
Portfolios managed: Externally, Barrow Hanley Global Investors
Managing EAFE & EM since: 1995
Ownership structure: Principals, 100%
Portfolio managers: 24
Research analysts: 20
Performance standards: Other
Locations: Vancouver, Calgary, Toronto, Montreal
Minimum investment (CDN $M): Pooled, $3; Separate, $10
LETKO BROSSEAU
Contact: David Despres
Executive Vice President
Address: Bell Media Tower, 1800 McGill College Ave., Ste. 2510, Montreal, QC, H3A 3J6
PH: 514-499-1200
Fax: 514-499-0361
Email: info@lba.ca
Website: lba.ca
Total Canadian clients: 1,833
Clients with EAFE & EM portfolios: EM: 1,776
Separately managed AUM for Canadian clients (CDN $M): Single country $3.9B (Canadian Equity) Pooled AUM for Canadian clients (CDN $M): US $9.9; EAFE $26.8; single country $459.4 (Canadian Equity); emerging markets $1.9B
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $367
Total Canadian pension AUM for Canadian clients (CDN $M): $7,400
Total pension AUM by firm (CDN $M): $7,400
Management style: Active; style: value; market capitalization: all cap
Currency management: No
EAFE & EM portfolios primarily managed: Internally
Managing EAFE & EM since: EAFE: 1987; emerging markets: 1992
Ownership structure: Principals, 77.4% (founders) and 7.8% (active employees); third party, 14.8% (group of private individuals not involved in firm operation)
Portfolio managers: 18
Research analysts: 3
Performance standards: GITS
Locations: Montreal, Toronto, Calgary
Minimum investment for (CDN $M): Pooled, $300,000; Separate, $5,000,000
MACKENZIE INVESTMENTS CORPORATION
Contact: Greg Hourigan
Vice President, Head of Canadian Institutional
Address: 180 Queen St. W., Toronto, ON, M5V 3L7
Phone: 437-677-0797
Fax: 1-866-766-6623
Email: Greg.Hourigan@mackenzieinvestments.com
Website: mackenzieinvestments.com
Total Canadian clients: 3
Clients with EAFE & EM portfolios: 2
Separately managed AUM for Canadian clients (CDN $M): US $316; single country $66; emerging markets $1,412
Pooled AUM for Canadian clients (CDN $M): EAFE $0; emerging markets $2003
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $473
Total firm pension AUM (CDN $M): $4,580
Management style: Active; the Mackenzie Global Quantitative Equity Team manages several emerging market strategies that range in small, all, and large market cap. The team manages two international EAFE strategies that range in small and large market cap
Currency management: No
Portfolios managed: Internally
Managing EAFE & EM since: Emerging markets – 2018, international – 2019
Ownership structure: Third party, 100%
Portfolio managers: 4
Research analysts: 4 analysts and 2 directors supporting research analytics
Performance standards: Other, GIPS
Locations: Toronto, Winnipeg, Montreal, Boston, Dublin, Hong Kong, Beijing
Minimum investment (CDN $M): Pooled, $5; separate, $25
MAWER INVESTMENT MANAGEMENT LTD.
Contact: Neeraj Jain
Institutional Portfolio Manager
Address: 79 Wellington St. W., TD South Tower, Ste. 3410, Box 276, Toronto, ON, M5K 1J5
Phone: 416-865-3929
Fax: 403-262-4099
Email: njain@mawer.com
Website: mawer.com
Total Canadian clients: 255
Clients with EAFE & EM portfolios: 234
Separately managed AUM for Canadian clients (CDN $M): US $4,946.3; EAFE $21,726.0; single country $3,740.7; emerging markets $1.5
Pooled AUM for Canadian clients (CDN $M): US $1,403.4; EAFE $15,768.4; single country $4,489.7; emerging markets $152.1
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $12,175.8
Total Canadian pension AUM for Canadian clients (CDN $M): $17,256.2
Total firm pension AUM (CDN $M): $21,068.0
Management style: Active; style: core; market cap: all cap
Currency management: No
Portfolios managed: Internally
Managing EAFE & EM since: 38 years
Ownership structure: Principals, 100%
Portfolio managers: 19
Research analysts: 18
Performance standards: Other
Locations: Calgary, Toronto, Singapore
Minimum investment (CDN $M): Pooled, $10; separate, $50
NICOLA WEALTH MANAGEMENT LTD.
Contact: Denny Roman
Associate Vice President, Institutional
Address: 1508 West Broadway, 5th Fl., Vancouver, BC, V6J 1W8
PH: 604-235-9988
Fax: 604-739-6451
Email: media@nicolawealth.com
Website: https://nicolawealth.com/
Pooled AUM for Canadian clients (CDN $M): EAFE $650
Management style: Active; market capitalization: large; style: core
Currency management: No
EAFE & EM portfolios primarily managed: Internally
Managing EAFE & EM since: 2009
Ownership structure: Principals, 49%
Minimum investment ($CDN M): Pooled, $5,000,000
NS PARTNERS LTD.
Contact: Jean-Philippe Lemay
Managing Director, Head of Institutional Sales, Global
Address: 1800 McGill College Ave., Ste. 1300, Montreal, QC, H3A 3J6
Phone: 514-287-0110
Fax: 514-287-9176
Email: JPLemay@cclgroup.com
Website: ns-partners.co.uk
Total Canadian clients: 16
Clients with EAFE & EM portfolios: 14
Separately managed AUM for Canadian clients (CDN $M): US $101.21
Pooled AUM for Canadian clients (CDN $M): US $2,555.69; EAFE $1,035.19; emerging markets $618.03
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $105.86
Total Canadian pension AUM for Canadian clients (CDN $M): $105.86
Total firm pension AUM (CDN $M): $192.90
Management style: Active; market capitalization: large; style: core; market capitalization is all cap. NS Partners’ manager style is a bias toward quality/growth
Currency management: No
Portfolios managed: Internally
Managing EAFE & EM since: EAFE – 1981, emerging markets – 1996
Ownership structure: Principals, 50%; third party, 50% (Connor, Clark & Lunn Financial Group Ltd.)
Portfolio managers: 10
Research analysts: 1
Performance standards: Other
Locations: Investment professionals: London (UK); administration/sales: Toronto, Montreal, Vancouver; Connecticut (US); Gurugram (India)
Minimum investment (CDN $M): Pooled, $1; separate, $25
OPTIMIZE WEALTH MANAGEMENT
Contact: David Spence
Wealth Manager
Address: 31-35 Main St. N., PO Box 1123, Waterdown, ON, L0R 2H0
PH: 289-895-7829
Fax: 289-895-8697
Email: david@planstoprosper.ca
Website: planstoprosper.ca
Total Canadian clients: 175
Clients with EAFE & EM portfolios: 150
Pooled AUM for Canadian clients (CDN $M): US $25,000,000; EAFE $3,000,000
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $2,000,000
Total pension AUM by firm (CDN $M): $28,000,000
Management style: Active; market capitalization: large; style: core
Currency management: No
EAFE & EM portfolios primarily managed: Externally (KKR, CCL, others)
Managing EAFE & EM since: 30 years
Ownership structure: Principals, 100%
Portfolio managers: approx. 8
Research analysts: approx. 8
Performance standards: Other
Locations: Toronto, Calgary, Vancouver, many others
Minimum investment ($CDN M): Pooled, $50,000
PICTET ASSET MANAGEMENT
Contact: François Forget
Head of Distribution – Canada
Address: 1000 de la Gauchetière W., Ste. 3100, Montreal, QC, H3B 4W5
PH: 514-518-8587
Email: fforget@pictet.com
Website: am.pictet
Total Canadian clients: 2
Clients with EAFE & EM portfolios: 0
Total EAFE & EM pension AUM for Canadian clients (CDN $M): 0
Total Canadian pension AUM for Canadian clients (CDN $M): $2
Total pension AUM by firm (CDN $M): $107,603
Management style: Active; style: growth; core EM – all cap, growth
Currency management: No
EAFE & EM portfolios primarily managed: Internally
Managing EAFE & EM since: Emerging debt since 1998; emerging equity since 1991
Ownership structure: Principals, 100% Pictet Asset Management is held at 100% by the Pictet Asset Management Holding SA, Geneva. Pictet Asset Management Holding SA is in turn ultimately owned by the seven managing partners of the Pictet Group
Portfolio managers: 223
Research analysts: 87 (analysts, economists, and strategists)
Performance standards: Other
Locations: Amsterdam, Brussels, Frankfurt, Geneva, Hong Kong, London (UK), Luxembourg, Madrid, Milan, Montreal, New York, Osaka, Paris, Shanghai, Singapore, Taipei, Tokyo, Zurich
Minimum investment (CDN $M): Pooled, $1,600,000; separate, $50,000,000
SETANTA ASSET MANAGEMENT
Contact: Rocco Vessio
Director Business Development
Address: Toronto, Ontario, M5T 2W5
Phone: 647-823-4813
Fax: 647-823-4813
Email: rocco.vessio@setanta-asset.com
Website: setanta-asset.com
Total Canadian clients: 1,545
Clients with EAFE & EM portfolios: 432
Separately managed AUM for Canadian clients (CDN $M): EAFE $113
Pooled AUM for Canadian clients (CDN $M): EAFE $1,335
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $16
Total Canadian pension AUM for Canadian clients (CDN $M): $652
Total firm pension AUM (CDN $M): $20,590
Management style: Active; style: value; all cap
Currency management: No
Portfolios managed: Internally
Managing EAFE & EM since: 23 years
Ownership structure: Principals, 100%
Portfolio managers: 14
Research analysts: 2
Performance standards: Other
Locations: Dublin, Toronto, Frankfurt
Minimum investment (CDN $M): Pooled, $50,000; separate, $50,000
SPRUCEGROVE INVESTMENT MANAGEMENT LTD.
Contact: Tasleem Jamal
Executive Vice President, Head of Marketing & Client Services
Address: 181 University Avenue, Ste. 1300, Toronto, ON
PH: 416-363-5854
Email: tjamal@sprucegrove.com
Website: sprucegrove.com
Total Canadian clients: 9
Clients with EAFE & EM portfolios: 9
Separately managed AUM for Canadian clients (CDN $M): EAFE $154
Pooled AUM for Canadian clients (CDN $M): EAFE $1,460
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $1,574
Total Canadian pension AUM for Canadian clients (CDN $M): $1,574
Total pension AUM by firm (CDN $M): $11,221
Management style: Active; style: value; all cap
Currency management: No
EAFE & EM portfolios primarily managed: Internally
Managed EAFE & EM assets since: 40
Ownership structure: Sprucegrove is 100% employee owned.
Portfolio managers: 4
Research analysts: 16
Performance standards: AIMR
Locations: Toronto, ON
Minimum investment (CDN $M): Pooled, $5; Separate, $50
T. ROWE PRICE
Contact: Lauren Bloom
Head of Canada Distribution
Address: 77 King St. W., TD North Tower, Ste. 4240, Toronto, ON, M5K 1G8
Phone: 647-355-6887
Email: lauren.bloom@troweprice.com
Website: troweprice.com/Canada
Total Canadian clients: 22
Clients with EAFE & EM portfolios: 1
Separately managed AUM for Canadian clients (CDN $M): US $10,519; emerging markets $51
Pooled AUM for Canadian clients (CDN $M): US $458; emerging markets $51
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $51
Total Canadian pension AUM for Canadian clients (CDN $M): $3,450
Total firm pension AUM (CDN $M): $1,319,674
Management style: Active
Currency management: No
Portfolios managed: Internally
Managing EAFE & EM since: 1984
Ownership structure: Publicly held, 100%; Common stock owned outright by our associates and directors, combined with outstanding vested stock options and unvested restricted stock awards, total nearly 6% of the firm’s outstanding shares and outstanding vested stock options at December 31, 2024
Portfolio managers: 147 (66 equity, 52 fixed income, and 29 multi-asset)
Research analysts: 258
Performance standards: GIPS
Locations: Baltimore (US), London, Hong Kong, Owings Mills (US), Singapore, Tokyo, San Francisco (US), Colorado Springs (US), Copenhagen, Amsterdam, Stockholm, Sydney, Luxembourg, Toronto, Zurich, Dubai, Milan, Melbourne, Frankfurt, Madrid, New York (US), Philadelphia (US), Shanghai, Washington DC (US)
Minimum investment: Pooled, $5,000,000; separate, $60,000,000
TD GLOBAL INVESTMENT SOLUTIONS
Contact: Mark Cestnik
Managing Director
Address: 161 Bay St., 34th Fl., Toronto, ON, M5J 2T2
Phone: 416-274-1742
Email: mark.cestnik@tdam.com
Website: tdgis.com
Total Canadian clients: 523
Clients with EAFE & emerging markets portfolios: 64
Separately managed AUM for Canadian clients (CDN $M): US $761.7
Pooled AUM for Canadian clients (CDN $M): US $9,467.2; EAFE $2,475
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $2,475
Total Canadian pension AUM for Canadian clients (CDN $M): $156,114
Total firm pension AUM (CDN $M): $158,467
Management style: Active; market capitalization: large; style: core; management style: active and passive
Currency management: No
Portfolios managed: Internally
Managing EAFE & EM since: 1992
Ownership structure: TD Global Investment Solutions represents TD Asset Management Inc. (TDAM) and Epoch Investment Partners, Inc. (TD Epoch). TDAM and TD Epoch are affiliates and wholly owned subsidiaries of the Toronto-Dominion Bank
Portfolio managers: 71
Research analysts: 204
Performance standards: Other
Locations: Toronto, Montreal, Regina, Winnipeg
Minimum investment (CDN $M): Pooled, $17; separate, $200
VAN BERKOM GLOBAL ASSET MANAGEMENT
Contact: Andy Kong
Head of Global Business Development
Address: 600 Blvd. de Maisonneuve W., Montreal, QC, H3A 3J2
Phone: 514-991-5754
Fax: 514-985-2430
Email: akong@vanberkomglobal.com
Website: vanberkomglobal.com
Total Canadian clients: 22
Clients with EAFE & EM portfolios: 3
Separately managed AUM for Canadian clients (CDN $M): US $2,394
Pooled AUM for Canadian clients (CDN $M): EAFE $3.9
Total EAFE & EM pension AUM for Canadian clients (CDN $M): $4
Total Canadian pension AUM for Canadian clients (CDN $M): $2,519
Total firm pension AUM (CDN $M): $4,095
Management style: Active; market capitalization: small; style: core
Currency management: No
Portfolios managed: Internally
Managing EAFE & EM since: 3 years
Ownership structure: Principals, 100%
Portfolio managers: 5
Research analysts: 11
Location: Montreal