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
PH: 514-908-1989
Fax: 514-287-7200
Email: j.boudreau@addendacapital.com
Website: www.addendacapital.com
Ownership structure: Principals, 5%; third party, 95% (Co-operators Financial Services Limited is the firm’s principal shareholder and owns 95%. Addenda Capital employees own 5%)
Investment professionals: 78
Established: 1985
Minimum investment: Pooled, $5M; separate, $20M
Manager style: Size bias – large cap; style bias – core
Management style: Active; fixed income
Additional style bias: growth, GARP, value; bond – duration, credit, and yield curve
Services to DC pension plan clients: Investment management
Investment AUM for Canadian clients: DB pension, $4,620.5; DC pension, $1,988.3; foundation & not-for-profit, $1,510.3; private client, $3,487.5; total, $36,235.8; others, $24,629.2 (insurance, other institutional, third-party mutual funds)
Canadian plan sponsors (DB): 29
Canadian fixed-income specialist assets: Pooled, $352.7; segregated, $1,595.4; total, $1,948.1
Other asset classes: $2,672.4
Pension fund AUM for Canadian DB plans: Active, $4,611.3; passive, $9.2; total, $4,620.5
Canadian plan sponsors (DC): 23
DC pension plan AUM for Canadian plan sponsors: DC pension, $1,109.9; other, $878.4; total, $1,988.3
Total pension assets (DB & DC) managed for Canadian clients: $6,608.8
Amundi Canada
Contact: Tanya Bishop
Senior Vice President
Address: 2000 McGill College Avenue, Montreal, QC, H3A 3H3
Email: lois.pinault@amundi.com
Website: https://www.amundi.ca/professional
Ownership structure: Principals, 68.67%; publicly held, 28.40%; third party, 2.93% (employees, treasury shares)
Investment professionals: 1200+
Established: 1950
Minimum investment: Pooled, $5M; separate, $20M
Manager style: Size bias – large cap; all management styles
Investment AUM for Canadian clients: DB pension, $8,035; DC pension, $391; foundation & not-for-profit, $124; private client, $5.6; retail mutual funds (direct), $6,615; total: $15,660.6; other (insurance general fund), $490
Canadian plan sponsors (DB): 20
Global equity specialist assets for global mandates: Pooled, $499; segregated, $1,762; total, $2,261
Other asset classes: Non-Canadian fixed income, $126; real estate, $200; currency overlay, $5,103; emerging markets equity, $345
Pension fund AUM for Canadian DB plans: Active, $6,375; passive, $1,160; total, $8,035Canadian plan sponsors (DC): 3
DC pension plan AUM for Canadian plan sponsors: DC pension, $391
Total pension assets (DB & DC) managed for Canadian clients: $8,426
Beutel, Goodman & Company Ltd.
Contact: Kimberley Woolverton
Managing Director, Head of Institutional
Address: 2000-20 Eglinton Ave W, Toronto, ON, M4R 1K8
PH: 416-485-1010
Fax: 416-485-8516
Email: RFP@beutelgoodman.com
Website: https://www.beutelgoodman.com/
Ownership structure: Principals, 51%; third party, 49%; (Affiliated Managers Group)
Investment professionals: 26
Established: 1967
Minimum investment: Pooled, $10M; separate, $25M
Manager style: Size bias – large cap; style bias – value
Management style: Active; fixed income; bond – duration (50% duration/50% credit)
Services to DC pension plan clients: Portfolio management services
Investment AUM for Canadian clients: DB pension, $8,639; DC pension, $13,833; foundation & not-for-profit, $1,601; private client, $3,874; retail mutual funds (direct), $2,348; total, $43,264; others, $12,969 (corporate, insurance, SMA, subadvised)
Canadian plan sponsors (DB): 46
Balanced account assets: Pooled, $330; segregated, $1,122; total, $1,452
Canadian equity specialist assets: Pooled, $425; segregated, $2,139; total, $2,563
Canadian fixed-income specialist assets: Pooled, $1,359; segregated, $1,162; total, $2,521
US equity specialist assets: Pooled, $187; segregated, $473; total, $660
Global equity specialist assets for global mandates: Pooled, $917; total, $917
Other asset classes: North American equity, segregated, $527
Pension fund AUM for Canadian DB plans: Active, $8,639; total, $8,639
Canadian plan sponsors (DC): 13
DC pension plan AUM for Canadian plan sponsors: DC pension, $13,833; total, $13,833
Total pension assets (DB & DC) managed for Canadian clients: $22,473
BGO (BentallGreenOak)
Contact: Yvonne Davidson
Principal, Capital Raising & IR
Address: 1 York Street, Suite 1100, Toronto, ON, M5J 0B6
PH: 416-681-3400
Email: yvonne.davidson@bgo.com
Website: https://bgo.com/
Ownership structure: Principals, 36%; publicly held, 51%; third party, 13% (Sun Life Financial Inc. is an indirect majority (51%) owner of BGO; Tetragon, a minority owner, is a publicly traded European investment firm and was a founding shareholder in GreenOak)
Investment professionals: 81 (Canada); 280 (globally)
Established: 1911
Minimum investment: Pooled, $1M
Manager style: Active
Services to DC pension plan clients: Access to high-quality real estate investment solutions; professionally managed strategies for diversified portfolios; institutional-grade management, oversight, and reporting
Investment AUM for Canadian clients: DB pension, $7,276; DC pension, $190; foundation & not-for-profit, $1,045; private client, $30; total, $29,208; others, $20,667 (insurance, financial institutions)
Canadian plan sponsors (DB): 85
Other asset classes: Real estate, $29,208
Pension fund AUM for Canadian DB plans: Active, $7,276; total, $7,276
Canadian plan sponsors (DC): 2
DC pension plan AUM for Canadian plan sponsors: DC pension, $190; total, $190
Total pension assets (DB & DC) managed for Canadian clients: $7,466
Bonnefield Financial Inc.
Contact: Andrea Gruza
President & Managing Partner
Address: 141 Adelaide Street West, Suite 510
Toronto, ON, M5H 3L5
PH: 416-309-4487
Email: agruza@bonnefield.com
Website: www.bonnefield.com
Ownership structure: Not publicly shared; third partyWalter Global Asset Management – related parties
Investment professionals: 8
Established: 2009
Minimum investment: Pooled, $5 (can be waived at GP discretion)
Manager style: Style bias – core
Management style: Active
Other: Leading Canadian farmland and agribusiness investment manager that provides capital to progressive farmers and agribusiness operators through land-lease financing and non-controlling equity solutions
Investment AUM for Canadian clients: DB pension, $995; private, $170; others – fund of funds, $60; family office, $100; corporation, $15; GP commitment, $7
Canadian plan sponsors for which you provide DB pension asset management: 12
Other asset classes: Other, $995
Pension fund AUM for Canadian plan sponsors of DB pension plans: Active, $995; total, $995
Total pension assets (DB & DC) managed for Canadian clients: $995
Note: Bonnefield’s Canadian farmland funds all pursue the same investment strategy whereby those funds seek to invest in diverse portfolios of Canadian farmland on an unlevered basis under a sale-leaseback model. In late Q2 2023, Bonnefield launched a new fund, Bonnefield Canadian Agribusiness LP I (“BAF”), which invests non-controlling capital in essential assets and leading agribusinesses where Bonnefield can enable operators to achieve their long-term goals through a customized financing solution.
Burgundy Asset Management Ltd.
Contact: Mike Sandrasagra
Vice President, Global Head of Consultant Relations
Address: 181 Bay St. Suite 4510, Toronto, ON, M5J 2T3
PH: (416) 869-3222
Fax: (416) 869-1700
Email: msandrasagra@burgundyasset.com
Website: https://www.burgundyasset.com
Ownership structure: Principals, 100%
Investment professionals: 30
Established: 1990
Minimum investment: Pooled, $5M; separate, $10M
Manager style: Value
Management style: Active; fixed income; bond – credit; quality-value investment style; distinct strategies by market cap
Services to DC pension plan clients: Investment management
Investment AUM for Canadian clients: DB pension, $4,247; DC pension, $112; foundation & not-for-profit, $2,444; private client, $14,200; total, $21,095; others, corporation, sub-advisory, union/multi-employer, healthcare, insurance)
Canadian plan sponsors (DB): 57
Balanced account assets: Pooled, $737; segregated, $512; total, $1,250
Canadian equity specialist assets: Pooled, $138; total, $138
Canadian fixed-income specialist assets: Pooled, $6; total, $6
US equity specialist assets: Pooled, $4; segregated, $1,470; total, $1,473
Global equity specialist assets for global mandates: Pooled, $892; Total, $892
Global equity specialist assets for EAFE mandates: Pooled, $454; total, $454
Other asset classes: $33
Pension fund AUM for Canadian DB plans: Active, $4,247; total, $4,247
Canadian plan sponsors (DC): 7
DC pension plan AUM for Canadian plan sponsors: DC pension, $112; total, $112
Total pension assets (DB & DC) managed for Canadian clients: $4,359
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.
Canso Investment Counsel Ltd.
Contact: Jason Davis
Portfolio Manager, Vice President Client Service & Marketing
Address: 550-100 York Boulevard, Richmond Hill, ON, L4B 1J8
PH: 905-881-8853
Fax: 905-881-1466
Email: clientservice@cansofunds.com
Website: www.cansofunds.com
Ownership structure: Principals, 100%
Investment professionals: 30
Established: 1997
Minimum investment: Pooled, $10M; separate, $250M
Manager style: Credit analysis/bottom-up fundamental security selection
Services to DC pension plan clients: Portfolio management
Investment AUM for Canadian clients: DB pension, $7,831.49; DC pension, $36.82; foundation & not-for-profit, $371.26; private client, $137.94; total, $60.43B
Canadian plan sponsors (DB): 23 segregated mandates
Canadian fixed-income specialist assets: Segregated, $25,795.02; pooled,, $34,631.03; total, $60.43B
Canadian plan sponsors (DC): 1 segregated mandate
DC pension plan AUM for Canadian plan sponsors: DC pension, $36.82; total, $36.82
Total pension assets (DB & DC) managed for Canadian clients: $7,868.30
Note: The above pension information is on a segregated portfolio basis. As at June 30, 2025, the firm AUM is $60.43B.
Capital Group Canada
Contact: Mike Tuira
Vice President, Institutional
Address: Brookfield Place, 181 Bay St., Ste. 3100, Toronto, ON, M5J 2T3
PH: 416-815-2079
Fax: 213-486-9223
Email: mike.tuira@capgroup.com
Website: www.capitalgroup.com/institutions/ca/en
Ownership structure: Principals, 100%
Investment professionals: 481
Established: 1931
Minimum investment: Pooled, $15M; separate, $120M
Manager style: Size bias – all cap; style bias – core
Management style: Active; fixed income; bond – credit
Services to DC pension plan clients: Recordkeeper daily pricing feed; recordkeeper/DC plan sponsor fund data and commentary for fund data pages
Investment AUM for Canadian clients: DB pension, $214; DC pension, $822; foundation & not-for-profit, $157; retail mutual funds (direct), $17,659; total, $18,852; others, $5,170
Canadian plan sponsors (DB): 3
Global equity specialist assets for global mandates: Pooled, $214; total, $214
Pension fund AUM for Canadian DB plans: Active, $214; total, $214
Canadian plan sponsors (DC): 6
DC pension plan AUM for Canadian plan sponsors: DC pension, $822; total, $822
Total pension assets (DB & DC) managed for Canadian clients: $1,036
CIBC Asset Management
Contact: Carlo DiLalla, CFA
Managing Director and Head, Institutional Asset Management
Address: 161 Bay St., Ste. 2230, Toronto, ON, M5J 2S1
PH: 416-980-2768
Email: carlo.dilalla@cibc.com
Website: www.cibcam-institutional.com
Ownership structure: Third party, 100% (CIBC Asset Management Inc. is a member of the CIBC Group)
Investment professionals: 98
Established: 1972
Minimum investment: Pooled, $10M; separate, $25M
Manager style: Size bias – small, mid, large, all cap; style bias – value, grow
Services to DC pension plan clients: Investment management
Investment AUM for Canadian clients: DB pension, $27,055.5; DC pension, $907.7; foundation & not-for-profit, $911.8; private client, $1,954.3; retail mutual funds (direct), $158,283.9; others, $61,771.7
Canadian plan sponsors (DB): 38
Balanced account assets: Pooled, $17.8; segregated, $73.6; total, $91.4
Canadian equity specialist assets: Pooled, $7.1; segregated, $54.4; total, $61.5
Canadian fixed-income specialist assets: Pooled, $2,555.3; segregated, $13,830.6; total, $16,386
US equity specialist assets: Pooled, $277.3; segregated, $151.4; total, $428.7
Global equity specialist assets for EAFE mandates: Pooled, $8.2; total, $8.2
Other asset classes: Currency overlay, $9,246.9; other, $832.8
Pension fund AUM for Canadian DB plans: Active, $6,656.5; passive, $20,399; total, $27,055.5
Canadian plan sponsors (DC): 3
DC pension plan AUM for Canadian plan sponsors: DC pension, $907.7; total, $907.7
Total pension assets (DB & DC) managed for Canadian clients: $27,963.2
Community Agencies Board
Address: 37 Hollington Road
Winnipeg, MB, R3P 1S4
PH: 204-227-7012
Email: ozwiz53@gmail.com
Manager style: Size bias – large cap; style bias – GARP
Management style: Passive; fixed income; bond– duration
Connor, Clark & Lunn Financial Group Ltd.
Contact: Jean-Philippe Lemay
Managing Director, Head of Institutional Sales, Global
Address: 1800 McGill College Avenue, Suite 1300, Montreal, QC, H3A 3J6
PH: 514-287-0110
Fax: 514-287-9176
Email: JPLemay@cclgroup.com
Website: www.cclgroup.com
Ownership structure: Principals, 100%
Investment professionals: 293
Established: 1982
Minimum investment: Pooled, $1M; separate, $5M
Manager style: Size bias – all cap; style bias – core
Management style: Active; fixed income; bond – duration; also managed on a growth and value style; bond – duration, credit, and yield curve
Services to DC pension plan clients: CAP Services – investment management and client service
Investment AUM for Canadian clients: DB pension, $27,374.00; DC pension, $12,904.90; foundation & not-for-profit, $4,632.60; private client, $18,607.10; retail mutual funds (direct), $1,521.30; total, $119,097.00; others, $54,057.10
Canadian plan sponsors (DB): 230
Balanced account assets: Pooled, $2,120.80; segregated, $23.90; total, $2,144.70
Canadian equity specialist assets: Pooled, $2,281.00; segregated, $3,283.50; total, $5,564.50
Canadian fixed-income specialist assets: Pooled, $1,022.00; segregated, $2,918.50; total, $3,940.50
US equity specialist assets: Pooled – available; segregated – available; total – available
Global equity specialist assets for global mandates: Pooled, $3,551.50; segregated, $598.40; total, $4,149.90
Global equity specialist assets for EAFE mandates: Pooled, $171.90; segregated, $742.30; total, $914.20
Other asset classes: Real estate, $3,403; infrastructure, $738; high-yield bonds, $16.50; hedge funds, $5,302; other, $1,200.90
Pension fund AUM for Canadian DB plans: Active, $27,374.00; total, $27,374.00
Canadian plan sponsors (DC): 20
DC pension plan AUM for Canadian plan sponsors: DC pension, $12,754.90; group RRSP, $150; total, $12,904.90
Total pension assets (DB & DC) managed for Canadian clients: $40,278.90
Crescero Natural Capital Inc.
Contact: Oliver Wolf
Business Development Associate
Address: 7 Jahanke Street, Chatham, ON, N7M 4T4
PH: 519-352-8413
Email: investors@crescero.com
Website: https://www.crescero.com
Ownership structure: Principals, 100%
Investment professionals: Not listed
Established: 2012
Minimum investment: $100,000
Manager style: Active
Investment AUM for Canadian clients: Private client, $65; total, $65
Desjardins Global Asset Management
Contact: Natalie Bisaillon
Managing Director and Chief of Institutional Client Relations
Address: 1 Complexe Desjardins, 20th Floor, South Tower, Montreal, QC, H5B 1B2
PH: 514-214-5742
Fax: 514-281-7253
Email: Natalie.Bisaillon@desjardins.com
Website: www.desjardins.com/dgam
Ownership structure: Third party, 100% (Desjardins Global Asset Management is part of the Desjardins Group, which is a financial services co-operative that belongs to its members)
Investment professionals: 102
Established: 1998
Minimum investment: Pooled, $5M; separate, $50M
Manager style: Size bias – large cap; style bias – value
Management style: Active; fixed income; bond – duration, credit, yield curve; other – LDI, market neutral, TAA overlay, smart beta, multi-factor, ESG, infrastructure
Services to DC pension plan clients: Desjardins Global Asset Management is a provider of investment solutions for DC programs offered primarily on the Desjardins DC platform
Investment AUM for Canadian clients: DB pension, $12,411; foundation and not-for-profit, $319; retail mutual funds (direct), $33,010; other, $66,839; total, $112,579
Canadian plan sponsors (DB): 2
Canadian equity specialist assets: Segregated, $1; total, $1
Canadian fixed-income specialist assets: Segregated, $9,383; total, $9,383
US equity specialist assets: Segregated, $2; total, $2
Other asset classes: Infrastructure, $3,025
Pension fund AUM for Canadian DB plans: Active, $12,411; total, $12,411
Canadian plan sponsors (DC): 4
DC pension plan AUM for Canadian plan sponsors: DC pension, $116; total, $116
Total pension assets (DB & DC) managed for Canadian clients: $12,527
Note: Desjardins Financial Security is the provider of DC services for clients and information is unknown about the end client. DGAM is a sub-advisor for Desjardins Financial Security.
Dixon Mitchell Investment Counsel Inc.
Contact: Glen Rattray, CFA
Senior Investment Counsellor
Address: Suite 1680, 1055 West Hastings St., Vancouver, BC, V6E 2E9
PH: 604-669-3136
Fax: 604-684-3104
Email: glen@dixonmitchell.com
Website: www.dixonmitchell.com
Ownership structure: Principals, 100%
Investment professionals: 38
Established: 2000
Minimum investment: Pooled, $1M; separate, $1M
Manager style: Size bias – all cap; style bias – core
Management style: Active; fixed income; bond – yield curve
Services to DC pension plan clients: Investment management
Investment AUM for Canadian clients: DB pension, $6.47; foundation & not-for-profit, $91.92; private client, $3,078.40; retail mutual funds (direct), $1,687.56; total, $4,864.5; others, $1,733.45 (institutional clients)
Canadian plan sponsors (DB): 1
Balanced account assets: Segregated, $1,784.74; total, $1,784.74
Canadian equity specialist assets: Pooled, $363.60; segregated, $792.64; total, $1,156.24
Canadian fixed-income specialist assets: Pooled, $651.20; segregated, $741.48; total, $1,392.68
US equity specialist assets: Pooled, $358.37; segregated, $892.78; total, $1,251.15
Global equity specialist assets for global mandates: Pooled, $1.13; total, $1.13
Global equity specialist assets for EAFE: Segregated, $222.99; total, $222.99
Other asset classes: Cash, $199.58; other, $589.29
Pension fund AUM for Canadian DB plans: Active, $6.47; total, $6.47
Canadian plan sponsors (DC): 0
Total pension assets (DB & DC) managed for Canadian clients: $6.47
Note: DM has excluded registered accounts under this survey. Investment AUM for Canadian clients of all registered accounts is included under “Private cAUM.” DM offers mandates to six other investment firms (SMA). The AUM of DM mandates held by SMAs as at June 30, 2025, totalled $477.36.
Enriched Investing Incorporated
Contact: Margaret Samuel
President, CEO and Portfolio Manager
Address: 20 Bay Street, Suite 1100
Toronto, ON, M5J 2N8
PH: 416-203-3028
Fax: 416-203-8825
Email: msamuel@enrichedinvesting.com
Website: https://www.enrichedinvesting.com
Ownership structure: Principals, 100%
Investment professionals: 1
Established: 1989
Minimum investment: Pooled, $5; separate, $5
Manager style: Size bias – all cap; style bias – GARP
Management style: Active; fixed income; bond – duration
Investment AUM for Canadian clients: Private, $50,000; total, $50,000
Balanced account assets: Pooled, $0; segregated, $50,000; total, $50,000
Canadian equity specialist assets: Pooled, $0; segregated, $50,000; total, $50,000
Note: Our flagship Canadian Equity strategy has actually returned +102% over 7.4 years with average return of 9% per year over 7.4 years with lower volatility than the index.
Equiton
Contact: Braiden Goodchild
VP, Capital Formation and Strategic Transactions
Address: 333 Bay Street, Suite 1800, Toronto, ON, M5H 2R2
PH: 647-285-7085
Email: bgoodchild@equiton.com
Website: https://equiton.com/institutional-investors/
Ownership structure: Third party, 100%
Investment professionals: 10
Established: 2015
Minimum investment: Separate, $2M
Investment AUM for Canadian clients: Real estate-value add: $1.5B
Note: Equiton is a private equity real estate firm with a track record of providing clients with exposure to the investment benefits of the multifamily segment. Portfolios are constructed with a risk-adjusted return profile objective of capital preservation coupled with income and growth potential through, and across, markets and economic cycles.
Fidelity Canada Institutional
Contact: Michael Barnett
Executive Vice-president, Institutional
Address: 483 Bay St., Suite 300, Toronto, ON, M5G 2N7
PH: 416-307-5200
Email: FidelityCanadaInstitutional@fidelity.ca
Website: www.institutional.fidelity.ca
Ownership structure: Principals, 100%
Investment professionals: Over 1,400 investment professionals across Canada, US, and international, providing sub-advisory services to Fidelity Investments Canada
Established: 1987
Minimum investment: Pooled, $7.5M; separate, varies by strategy
Manager style: Varies by strategy
Management style: Varies by strategy
Services to DC pension plan clients: Investment only
Investment AUM for Canadian clients: DB pension, $15,845.69; DC pension, $29,947.99; pension assets managed for other managers, $5,981.27; foundation & not-for-profit, $934.43; retail mutual funds (direct), $239,488.66; total, $304,026.08; others, $11,828.03 (corporate, packaged programs, insurance, intermediated, and ETF)
Canadian plan sponsors (DB): 67
Balanced account assets: Pooled, $27.30; segregated, $246.12; total, $273.42
Canadian equity specialist assets: Pooled, $1,353.36; segregated, $9,291.04; total, $10,644.39
Canadian fixed-income specialist assets: Pooled, $2,041.73; segregated, $1,164.21; total, $3,205.95
US equity specialist assets: Pooled, $65.42; segregated, $227.50; total, $292.91
Global equity specialist assets for global mandates: Pooled, $501.96; segregated, $231.27; total, $733.22
Global equity specialist assets for EAFE mandates: Pooled, $56.19; total, $56.19
Pension fund AUM for Canadian DB plans: Active, $15,845.69; total, $15,845.69
Fiera Capital Corporation
Contact: Sarah Aves
Head of Institutional Clients
Address: 1981 McGill College Avenue, Suite 1500, Montreal, QC, H3A 0H5
PH: 514-954-6468
Fax: 514-954-9692
Email: globaldistributionanalytics@fieracapital.com
Website: www.fieracapital.com
Ownership structure: Principals, 20%; publicly held, 80%
Investment professionals: 218
Established: 2003
Minimum investment: Pooled, $5M; separate, $20M
Manager style: Size bias – large cap; style bias – GARP
Management style: Active; fixed income; Fiera Capital manages a diversified public markets fixed-income platform that aims to deliver durable and resilient alpha through investment capabilities ranging from bottom-up credit selection, top-down duration, and yield positioning, overlays, US credit, and high yield
Services to DC pension plan clients: Fiera Capital has extensive experience developing innovative solutions for DC pension plan clients. We are proud to offer unique expertise in traditional and alternative investment solutions, both in terms of income and capital appreciation, allowing Fiera Capital to distinguish itself and offer its clients solutions that will help them achieve their performance objectives across all market environments.
Investment AUM for Canadian clients: DB pension, $22,347.13; DC pension, $8,849.29; pension assets managed for other managers, $3,129.86; foundation & not-for-profit, $13,722.01; private client, $24,369.07; retail mutual funds (direct), $15,748.29; total, $106,079.28; others, $17,908.89
Foyston, Gordon & Payne Inc.
Contact: Gabriel Lopezpineda
Senior Vice President, Head of Institutional
Address: 1 Adelaide Street East, Suite 2600
Toronto, ON, M5C 2V9
PH: 416-848-1948
Fax: 416-367-1183
Email: glopezpineda@foyston.com
Website: www.foyston.com
Ownership structure: Principals, 36%; third party, 64% (Affiliated Managers Group, Inc.)
Investment professionals: 20
Established: 1980
Minimum investment: Pooled, $5; separate, dependent on strategy
Manager style: Style bias – value
Management style: Active; fixed income; size bias – small, large, all-cap; bond – duration, credit
Services provided to DC pension plan clients: Investment management
Investment AUM for Canadian clients: DB pension, $1,917; DC pension, $206; foundation & not-for-profit, $188; private, $3,119; retail mutual funds (direct), $185; total, $7,421; others, $1,806 (governments and corporations)
Canadian plan sponsors for which you provide DB pension asset management: 14
Balanced account assets: Pooled, $381; segregated, $348; total, $729
Canadian equity specialist assets: Pooled, $7; segregated, $1,037; total, $1,044
Canadian fixed-income specialist assets: Pooled, $144; segregated, $0; total, $144
Pension fund AUM for Canadian plan sponsors of DB pension plans: Active, $1,917; total, $1,917
Canadian plan sponsors for which you provide DC pension plan asset management: 7
DC pension plan AUM for Canadian plan sponsors: Total, $206
Total pension assets (DB & DC) managed for Canadian clients: $2,123
Franklin Templeton
Contact: Dennis Tew
Head of Sales, Canada
Address: 200 King St. W, Ste. 1400, Toronto, ON, M5H 3T4
PH: 416-957-6023
Email: dennis.tew@franklintempleton.ca
Website: https://www.franklintempleton.ca
Ownership structure: Principals, 36%; publicly held, 64%
Investment professionals: 1,500
Established: 1947
Minimum investment: Pooled, $1M; separate, $20–$250M (depending on mandate)
Manager style: Active; passive; smart beta
Management style: Active; size bias – large cap, mid cap, small cap, all cap; style bias – value, growth, GARP, core; bond – duration, credit, yield curve
Services to DC pension plan clients: Investment management, OCIO, SIP&P/IPS construction
Investment AUM for Canadian clients: DB pension, $9,750; DC pension, $3,784; foundation & not-for-profit, $1,301; private client, $1,389; retail mutual funds (direct), $15,235; total, $56,354; others, $24,895
Canadian plan sponsors (DB): 75
Balanced account assets: Pooled, $512; segregated, $714; total, $1,226
Canadian equity specialist assets: Pooled, $747; segregated, $336; total, $1,083
Canadian fixed-income specialist assets: Pooled, $737; total, $737
US equity specialist assets: Pooled, $17; segregated, $25; total, $42
Global equity specialist assets for global mandates: Pooled, $490; segregated, $286; total, $776
Global equity specialist assets for EAFE mandates: Pooled, $69; segregated, $58; total, $127
Other asset classes: Private equity, $957; non-Canadian fixed income, $3,354; real estate, $3,554; infrastructure, $405; hedge funds, $1; other, $1,272
Pension fund AUM for Canadian DB plans: Active, $9,750
Canadian plan sponsors (DC): 13
DC pension plan AUM for Canadian plan sponsors: DC pension, $3,784; total, $3,784
Total pension assets (DB & DC) managed for Canadian clients: $13,534
Guardian Capital LP
Contact: Robin Lacey
Head of Institutional Asset Management
Address: 199 Bay Street, Suite 2700, Toronto, ON, M5L 1E8
PH: 416-947-4082
Email: rlacey@guardiancapital.com
Website: www.guardiancapital.com
Ownership structure: Third party, 100% (Guardian Capital Group Limited)
Investment professionals: 40 (GCLP and all subsidiaries)
Established: 1964
Minimum investment: Pooled, $1M; separate, varies by mandate
Manager style: Active; fixed income
Management style: Active; bias – mid to large cap; style bias – growth, GARP, core; bond – yield curve, credit, core
Services to DC pension plan clients: Produce comprehensive quarterly client reports, monthly updates, and flash reports; attend client meetings; a dedicated client servicing executive will provide service to clients with educational requirements
Investment AUM for Canadian clients: DB pension, $2,016.8; DC pension, $430.9; foundation & not-for-profit, $458.7; private client, $162.2; total, $22,220.97; others, $19,152.4 (WRAP, sub-advised, corporate, First Nations, insurance, multi-employer)
Canadian plan sponsors (DB): 22
Balanced account assets: Pooled, $91.1; segregated, $81.6; total, $172.7
Canadian equity specialist assets: Pooled, $27.5; segregated, $288.27; total, $315.7
Canadian fixed-income specialist assets: Pooled, $6.8; segregated, $394.3; total, $401.1
Global equity specialist assets for global mandates: Pooled, $137.16; segregated, $990.15; total, $1,127.3
Pension fund AUM for Canadian DB plans: Active, $2,016.82; total, $2,016.82
Canadian plan sponsors (DC): 3
DC pension plan AUM for Canadian plan sponsors: DC pension, $430.9; total, $430.9
Total pension assets (DB & DC) managed for Canadian clients: $244.7
Note: Investment professionals are for Guardian Capital LP and subsidiaries GuardCap Asset Management and Galibier Capital Management.
Hillsdale Investment Management Inc.
Contact: Harry Marmer
EVP
Address: 100 King Street West, Toronto, ON, M5X 1E4
PH: 416-913-3907
Fax: 416-913-3901
Email: ddeck@hillsdaleinv.com
Website: www.hillsdaleinv.com
Ownership structure: Hillsdale is an institutional investment boutique aligned with its clients’ best interests
Investment professionals: 42
Established: 1996
Minimum investment: Pooled, $2M; separate, $25M
Manager style: Style bias – core
Management style: Active; we specialize in client-driven bespoke investment mandates
Services to DC pension plan clients: Hillsdale Investment Management Inc. is an institutional investment boutique with over 29 years of experience serving a select group of sophisticated investors. We align our interests with our clients by investing alongside them. Hillsdale is recognized for designing systematic, bespoke investment strategies across a wide range of objectives, including high alpha, smart beta, customized mandates, and E, S, and G factors. Our reputation for investment and service excellence reflects our relentless commitment to applied research, disciplined implementation, and exceptional client service.
Investment AUM for Canadian clients: DB pension, $1,556; DC pension, $138; pension assets managed for other managers, $1,490; foundation & not-for-profit, $173; private client, $182; total, $7,840; others, $4,300
Canadian plan sponsors (DB): 13
Canadian equity specialist assets: Pooled, $322; segregated, $451; total, $773
US equity specialist assets: Pooled, $68; segregated, $149; total, $217
Pension Fund AUM for Canadian DB plans: Active, $1,556; total, $1,556
Canadian plan sponsors (DC): 1
DC pension plan AUM for Canadian plan sponsors: DC pension, $138; total, $138
Total pension assets (DB & DC) managed for Canadian clients: $1,694
Jarislowsky Fraser Limited
Contact: Dexton Blackstock, CFA
Director, Institutional Business Development
Address: 40 Temperance St., 18th Floor, Toronto, ON, M5H 0B4
PH: 416-363-7417
Email: dexton.blackstock@jflglobal.com
Website: www.jflglobal.com
Ownership structure: Third party, 100% (Bank of Nova Scotia)
Investment professionals: 27
Established: 1955
Minimum investment: Pooled, $1M; separate, $25M
Manager style: Size bias – large cap; style bias – GARP
Management style: Active; fixed income
Investment AUM for Canadian clients: DB pension, $12,977; DC pension, $5,139; foundation & not-for-profit, $6,398; private client, $5,418; total, $56,054; others, $26,122 (corporate, education, insurance, trust, estates, sub-advised, other)
Canadian plan sponsors (DB): 112
Pension fund AUM for Canadian DB plans: Active, $12,977; total, $12,977
Canadian plan sponsors (DC): 22
DC pension plan AUM for Canadian plan sponsors: DC pension, $5,139; total, $5,139
Total pension assets (DB & DC) managed for Canadian clients: $18,117
Leith Wheeler Investment Counsel Ltd.
Contact: Gary Wong
Principal, Portfolio Manager – Institutional Clients
Address: Suite 1500 - 400 Burrard St, Vancouver, BC, V6C 3A6
PH: 604-683-3391
Email: GaryW@leithwheeler.com
Website: www.leithwheeler.com
Ownership structure: Principals, 100%
Investment professionals: 49
Established: 1982
Minimum investment: Pooled, $3M; separate, $10M
Manager style: Size bias – all cap; style bias – value
Management style: Active; fixed income; bond – combination of yield curve, credit, and duration
Services to DC pension plan clients: Portfolio manager, investment fund manager, exempt market dealer
Investment AUM for Canadian clients: DB pension, $8,396.89; DC pension, $4,104.09; foundation & not-for-profit, $2,665.01; private client, $4,549.82; retail mutual funds (direct), $479.09; total, $31,738.30; others, staff, insurance co., other pension plans, trusts, health and welfare plans
Canadian plan sponsors (DB): 52
Balanced account assets: Pooled, $2,985.37; segregated, $2,052.03; total, $5,037.41
Canadian equity specialist assets: Pooled, $837.45; segregated, $1,459.46; total, $2,296.91
Canadian fixed-income specialist assets: Pooled, $144.32; segregated, $206.22; total, $350.54
Global equity specialist assets for global mandates: Pooled, $85.00; segregated, $604.35; total, $689.35
Other asset classes: Infrastructure, $22.69
Pension fund AUM for Canadian DB plans: Active, $8,396.89; total, $8,396.89
Canadian plan sponsors (DC): 18
DC pension plan AUM for Canadian plan sponsors: DC pension, $4,104.09; total, $4,104.09
Total pension assets (DB & DC) managed for Canadian clients: $12,500.99
Mawer Investment Management Ltd.
Contact: Neeraj Jain
Institutional Portfolio Manager
Address: 79 Wellington Street West TD South Tower, Suite 3410, Box 276, Toronto, ON, M5K 1J5
PH: 416-865-3929
Fax: 844-401-3738
Email: njain@mawer.com
Website: www.mawer.com
Ownership structure: Principals, 100%
Investment professionals: 44
Established: 1974
Minimum investment: Pooled, $10M; separate, $50M
Manager style: Size bias – all cap
Management style: Active; fixed income; style bias – quality at the right price; bond – duration, credit, yield curve
Services to DC pension plan clients: Investment management along with periodic written pieces including discussion papers, blog articles, podcasts, and quarterly investment updates
Investment AUM for Canadian clients: DB pension, $8,668.94; DC pension, $8,587.29; foundation & not-for-profit, $4,973.51; private client, $13,413.37; retail mutual funds (direct), $7,770.4; total, $78,606.42; others, $35,192.92 (Includes seed capital, SMA program, and sub-advisory)
Canadian plan sponsors (DB): 98
Balanced account assets: Pooled, $772.59; total, $772.59
Canadian equity specialist assets: Pooled, $350.58; segregated, $586.04; total, $936.62
Canadian fixed-income specialist assets: Pooled, $279.51; total, $279.51
US equity specialist assets: Pooled, $118.28; segregated, $31.29; total, $149.57
Global equity specialist assets for global mandates: Pooled, $3,617.16; segregated, $1,244.54; total, $4,861.7
Global equity specialist assets for EAFE mandates: Pooled, $1,036.1; segregated, $36.08; total, $1,072.18
Other asset classes: cash, $302.25
Pension fund AUM for Canadian DB plans: Active, $7,946.34; total, $7,946.34
Canadian plan sponsors (DC): 17
DC pension plan AUM for Canadian plan sponsors: DC pension, $8,587.29; total, $8,587.29
Total pension assets (DB & DC) managed for Canadian clients: $17,256.23
MFS Investment Management Canada Limited
Contact: Andrew Kitchen
Senior Managing Director – Institutional Sales
Address: 77 King St. W., 35th Floor, Toronto, ON, M5K 1B7
PH: 647-253-9162
Email: AKitchen@mfs.com
Website: www.mfs.com
Ownership structure: Principals, up to 20%; third party, 80%; Sun Life Financial, Inc.
Investment professionals: 325
Established: 1924
Minimum investment: Pool accounts, $0; separate, dependent on the strategy
Manager style: Size bias – all cap
Management style: Active; fixed income; style bias – value, growth, GARP, core; bond – duration, credit, yield curve
Services to DC pension plan clients: Asset management
Investment AUM for Canadian clients: DB pension, $4,568.9; DC pension, $16,159.3; foundation & not-for-profit, $1,829.8; total, $45,459.5; others, $22,901.5 (insurance, investment & sub-advisory)
Canadian plan sponsors (DB): 33
Balanced account assets: Pooled, $333.3; segregated, $258.6; total, $591.9
Canadian equity specialist assets: Pooled, $140.5; total, $140.5
Canadian fixed-income specialist assets: Pooled, $462.0; segregated, $139.3; total, $601.3
Global equity specialist assets for global mandates: Pooled, $424.8; segregated, $1,850.1; total, $2,274.9
Global equity specialist assets for EAFE mandates: Pooled, $335.2; segregated, $625.1; total, $960.3
Pension fund AUM for Canadian DB plans: Active, $4,568.9; total, $4,568.9
Canadian plan sponsors (DC): 10
DC pension plan AUM for Canadian plan sponsors: DC pension, $16,159.3; total, $16,159.3 (including Group RSP)
Total pension assets (DB & DC) managed for Canadian clients: $20,728.2
Pictet Asset Management
Contact: François Forget
Head of Distribution – Canada
Address: 1000 de la Gauchetière Ouest, Suite 3100, Montreal, QC, H3B 4W5
PH: 514-518-8587
Email: fforget@pictet.com
Website: www.am.pictet
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 partners of the Pictet Group.
Investment professionals: 407
Established: 1980 (parent company in 1805)
Minimum investment: Pooled, $1.6M; separate, $50M
Manager style: Size bias – all cap; style bias – growth
Management style: Active; fixed income; varies with strategies: size bias – small cap, mid cap, large cap, all cap; style bias – Growth, GARP, core; bond – duration, credit
Services to DC pension plan clients: Investment management
Investment AUM for Canadian clients: DB pension: $1.8; total: $1.8; others: $70.3 (family office)
Canadian plan sponsors (DB): 1
Pension fund AUM for Canadian DB plans: Active, $1.8; total, $1.8
Total pension assets (DB & DC) managed for Canadian clients: $1.8
Note: Pictet Asset Management is a specialist asset manager offering investment solutions and services globally. With an office in Montreal since 1974, we have been managing assets for Canadian institutional clients for 40+ years. We strive to meet our clients’ changing needs with pioneering strategies and excellent client service. A leader in environmental and sustainable strategies, responsibility is central to our way of thinking. As a multi-boutique firm, we offer a range of equity, fixed income, and alternative capabilities.
PICTON Investments
Contact: Connor Haslip
Vice President, Institutional Business
Address: 33 Yonge Street #320, Toronto, ON, M5E 1G4
PH: 866-369-4108
Email: invest@pictoninvestments.com
Website: https://www.pictoninvestments.com
Ownership structure: Principals, 100%
Investment professionals: 49
Established: 2004
Minimum investment: Pooled, $25M; separate, $25M
Manager style: Size bias – all cap; style bias – core
Management style: Active; fixed income; alternative investment solutions; equity market neutral (Canadian & global), equity long/short (Canadian, US mid, global), credit long/short, diversified fund of funds, arbitrage
Services to DC pension plan clients: Investment management portfolio construction, investment fund management including liquid alternatives
Investment AUM for Canadian clients: DB pension, $1,904; retail mutual funds (direct), $9,824; total, $14,997; others, $3,266 (corporate, insurance, and sub-advisory)
Canadian plan sponsors (DB): 4
Canadian equity specialist assets: Total, $993
Other asset classes: Hedge funds, $911
Pension fund AUM for Canadian DB plans: Active, $1,904; total, $1,904
Total pension assets (DB & DC) managed for Canadian clients: $1,904
Note: Retail mutual funds (direct) include private client assets.
QV Investors Inc.
Contact: Darren Dansereau
Chief Executive Officer
Address: Suite 1008, 222 – 3 Avenue SW, Calgary, AB, T2P 0B4
PH: 403-265-7007
Fax: 403-266-6524
Email: ddansereau@qvinvestors.com
Website: www.qvinvestors.com
Ownership structure: QV is 100% owned by employees across all levels of the firm
Investment professionals: 21
Established: 1996
Minimum investment: Pooled, $0.5M; separate, $10M
Manager style: Style bias – value
Management style: Active; fixed income
Services to DC pension plan clients: We provide active, discretionary investment management services
Investment AUM for Canadian clients: DB pension, $735.22; DC pension, $506.22; foundation & not-for-profit, $27.02; private client, $627.50; retail mutual funds (direct), $3,045.151; others, $646.37 (insurance and institutional corporate accounts); total, $5,587.48
Canadian plan sponsors (DB): 6
Balanced account assets: Pooled, $125.17
Canadian equity specialist assets: Pooled, $270.27; segregated, $339.78; total, $610.05
Pension fund AUM for Canadian DB plans: Active, $735.22; passive, $0; total, $735.22
Canadian plan sponsors (DC): 4
DC pension plan AUM for Canadian plan sponsors: DC pension, $506.22
Total pension assets (DB & DC) managed for Canadian clients: $1,241.44
1Assets we manage on behalf of mutual funds
Setanta Asset Management
Contact: Rocco Vessio
Director Business Development, Canada
Address: 190 Simcoe St, Toronto, ON, M5T 2W5
PH: 647-823-4813
Email: rocco.vessio@setanta-asset.com
Website: https://setanta-asset.com
Ownership structure: Publicly held, 100%
Investment professionals: 17
Established: 1998
Manager style: Size bias – all cap; style bias – value
Management style: Active; fixed income
Investment AUM for Canadian clients: DC pension, $2,575; total, $3,123; others (sub-advised)
Balanced account assets: Pooled, $290
Global equity specialist assets for global mandates: Pooled, $1,162
Global equity specialist assets for EAFE mandates: Pooled, $1,613
Other asset classes: Other, $50
Pension fund AUM for Canadian DB plans: Active, $2,575; total, $2,575
DC pension plan AUM for Canadian plan sponsors: DC pension, $2,575
Total pension assets (DB & DC) managed for Canadian clients: $2,575
SLC Management
Contact: Veronique Lauzière
Senior Managing Director, Head of Canadian Business Development and Client Relationships
Address: 1 York St., Suite 1100, Toronto, ON, M5J 0B6
1155 rue Metcalfe, Montréal, QC, H3B 2V9
PH: 514-904-9694
Email: veronique.lauziere@slcmanagement.com
Website: www.slcmanagement.com
Ownership structure: Sun Life Capital Management (Canada) Inc., Sun Life Capital Management (US) LLC, Crescent Capital Group LP, and InfraRed Capital Partners are SLC Management companies that are indirect wholly owned subsidiaries of Sun Life Financial Inc., a publicly traded company listed on the Toronto (TSX), New York (NYSE), and Philippine (PSE) stock exchanges under the ticker symbol SLF
Investment professionals: 527
Established: 2013
Minimum investment: Pooled, varies by pooled fund; separate, varies by mandate
Manager style: SLC fixed income: actively managed investment-grade public and private fixed income; Crescent: actively managed below-investment-grade public and private credit; InfraRed: actively managed infrastructure equity across core and value-add strategies; our primary source of value-add within our fixed-income teams is credit analysis. We typically do not take active interest rate positions.
Services to DC pension plan clients: We offer investment management services to defined contribution pension plans through Sun Life Assurance Co. of Canada’s Group Retirement Services business unit
Investment AUM for Canadian clients: DB pension, $8,671; DC pension, $2,163; foundation & not-for-profit, $377; private client, $13; retail mutual funds (direct), $2,397; total, $155,557; others, $141,935
Canadian plan sponsors (DB): 90
Canadian fixed-income specialist assets: Pooled, $554; segregated, $3,853; total, $4,407
Other asset classes: Other, $4,264
Pension fund AUM for Canadian DB plans: Active, $8,672; total, $8,672
Canadian plan sponsors (DC): 3
DC pension plan AUM for Canadian plan sponsors: DC pension, $2,163; total, $2,163
Total pension assets (DB & DC) managed for Canadian clients: $10,835
Note: SLC Management is the brand name for the institutional asset management business of Sun Life Financial Inc. (“Sun Life”) under which Sun Life Capital Management (US) LLC in the United States and Sun Life Capital Management (Canada) Inc. in Canada operate. BentallGreenOak (BGO), Crescent Capital Group LP (Crescent), and InfraRed Capital Partners (InfraRed) are also part of SLC Management. Figures include assets of SLC Management’s collective operations, including Sun Life Capital Management (Canada Inc.), but excluding BGO as their asset data is submitted separately.
Sprucegrove Investment Management Ltd.
Contact: Tasleem Jamal
Executive Vice President, Head of Marketing & Client Services
Address: 181 University Avenue, Suite 1300
Toronto, ON, M5H 3M7
PH: 416-257-5117
Email: tjamal@sprucegrove.com
Website: www.sprucegrove.com
Ownership structure: Not divulged
Investment professionals: 20
Established: 1993
Minimum investment: Pooled, $5; separate, $50
Manager style: Size bias – all cap; style bias – value
Management style: Active
Services provided to DC pension plan clients: International and global equity investment management
Investment AUM for Canadian clients: DB pension, $448.9; DC pension, $1,125.5; private, $39.2; total, $1,613.6
Canadian plan sponsors for which you provide DB pension asset management: 4
Global equity specialist assets for global mandates: Pooled, $658.8; segregated, $153.6; total, $812.5
Global equity specialist assets for EAFE mandates: Pooled, $801.1; segregated, $0; total, $801.1
Pension fund AUM for Canadian plan sponsors of DB pension plans: Active, $448.9; total, $448.9
Canadian plan sponsors for which you provide DC pension plan asset management: 3
DC pension plan AUM for Canadian plan sponsors: DC pension, $1,125.5
Total pension assets (DB & DC) managed for Canadian clients: $1,574.5
Stonebridge Financial
Contact: Cormac Mac Lochlainn
Executive Vice President
Address: 20 Adelaide Street East, Suite 1201, Toronto, ON, M5C 2T6
Email: CMaclochlainn@Stonebridge.ca
Website: https://stonebridge.ca
Ownership structure: Originally founded with the support of three of Canada’s largest insurance companies (which had a 30% ownership interest), the firm has been 100% independent and management-owned since 2021
Investment professionals: 19
Established: 1998
Minimum investment: Pooled, varies by fund; separate, varies by mandate
Asset classes: Stonebridge focuses on private debt and credit investments lending to infrastructure, renewable power, healthcare, real estate, and corporate sectors
Manager style: Style bias – investment-grade, core, and core-plus
Management style: Private fixed income; passive and active
Overview: Time-tested, future-focused, Stonebridge Financial has a quarter century of private debt solutions for both regulated and other institutional investors. Having cumulatively financed over $8 billion of loans since inception, the firm has a proven track record of providing prudent and well-structured offerings on behalf of its clients.
CAP Services: Stonebridge Financial provides discretionary investment management solutions by asset class as well as multi-sector strategies, with both short and long duration, as well as pooled and segregated offerings available
Investment AUM and administration summary: Stonebridge Financial manages and administers capital on behalf of pension plans, labour unions, insurance companies, banks, municipalities, foundations, universities, government entities, as well as for other managers and institutional investors. Co-investment opportunities for investors as well as sub-advisory services for other managers also available.
Total investment assets: $3,320
Sun Life Global Investments
Contact: Anne Meloche
Head of Institutional Business
Address: 1 York Street
Toronto, ON, M5J 0B6
PH: 1-877-344-1434
Fax: 1-855-329-7544
Email: info@sunlifeglobalinvestments.com
Website: slgiinstitutional.com/en/
Ownership structure: Publicly held, 100%
Investment professionals: 13
Established: 2010
Manager style: All manager styles
Services provided to DC pension plan clients: full suite of funds; communications; education; governance reporting Investment AUM for Canadian clients (CDN $M): DC pension, $22,139; retail mutual funds (direct), $11,414; total, $38,821; others: $5,269
Canadian plan sponsors for which you provide DC pension plan asset management: 6,437
DC pension plan AUM for Canadian plan sponsors (CDN $M): DC pension, $22,139; other: $16,682; total, $38,821
Total pension assets (DB & DC) managed for Canadian clients: $38,821M
T. Rowe Price
Contact: Lauren Bloom
Head of Canada
Address: 77 King Street West, TD North Tower, Suite 4240, Toronto, ON, M5K 1G8
PH: 647-355-6887
Email: lauren.bloom@troweprice.com
Website: https://www.troweprice.com/en/ca
Ownership structure: Publicly held, 100%; T. Rowe Price Group, Inc. is an independent, publicly traded company with significant employee ownership. Common stock owned outright by our associates and directors, combined with outstanding vested stock options and unvested restricted stock awards, total approximately 5% of our outstanding stock and outstanding vested stock options at December 31, 2024.
Investment professionals: 810
Established: 1937
Minimum investment: Pooled, $5M; separate, $60M
Manager style: Size bias – small, mid, large, all cap; style bias – value, growth, GARP, core
Management style: Active; fixed income – active, passive; bond – duration, credit, yield curve
Services to DC pension plan clients: Investment management for Canadian clients
Investment AUM for Canadian clients: DB pension: $1,651.3; DC pension: $1,798.9; foundation & not-for-profit: $93.4; total: $15,964; others: $11,986
Canadian plan sponsors (DB): 6
US equity specialist assets: Pooled, $458.0; segregated, $817.1; total, $1,275.1
Global equity specialist assets for global mandates: Pooled, $829.9; segregated, $967.8; total, $1,797.7
Other asset classes: Non-Canadian fixed income, $214.9; other, $51.1
Pension fund AUM for Canadian DB plans: Total, $1,651.3
Canadian plan sponsors (DC): 6
DC pension plan AUM for Canadian plan sponsors: Total, $1,798.9
Total pension assets (DB & DC) managed for Canadian clients: $3,450.2
TD Global Investment Solutions
Contact: Mark Cestnik
Managing Director
Address: 161 Bay St., Toronto, ON, M5J 2T2
PH: 416-274-1742
Email: Mark.Cestnik@tdam.com
Website: www.tdgis.com
Ownership structure: Third party, 100%; Under the brand name “TD Global Investment Solutions” (“TDGIS”), TDAM offers its products and services to institutional investors. The TDGIS brand represents the institutional asset management businesses of TD Bank Group, globally.
Investment professionals: 323
Established: 1987
Minimum investment: Pooled, $17M; separate, $50M active and $200M passive
Manager style: Size bias – large cap, all cap; style – value, growth, GARP, core
Management style: Active, passive; fixed income; bond – credit, yield curve; other – minimum variance (low volatility)
Services to DC pension plan clients: Investment management
Investment AUM for Canadian clients: DB pension, $137,792.33; DC pension, $20,725.99; other managers, $481.60; foundation & not-for-profit, $7,851.21; private client, $65,943.51; retail mutual funds (direct), $190,374.85; total, $475,747.82; others, $52,578.33
Canadian plan sponsors (DB): 280
Balanced account assets: Pooled, $149.77
Canadian equity specialist assets: Pooled, $2,837.55; segregated, $163.62; total, $3,001.17
Canadian fixed-income specialist assets: Pooled, $20,540.77; segregated, $14,361.02; total, $34,901.79
US equity specialist assets: Pooled, $4,082.00; segregated, $713.45; total, $4,795.45
Global equity specialist assets for global mandates: Pooled, $7,443.36; segregated, $2,168.88; total, $9,612.24
Global equity specialist assets for EAFE mandates: Pooled, $1,121.04; segregated, $11.40; total, $1,132.43
Other asset classes: Cash, $2,540.34; non-Canadian fixed income, $237.31; real estate, $14,360.72; infrastructure, $983.37; currency overlay, $8,805.45; other, $57,272.28 (asset overlay, bond overlay, alt mortgages, other alt, private debt, real return, immunization)
Pension fund AUM for Canadian DB plans: Active, $45,220.31; passive, $92,572.02; total, $137,792.33
Canadian plan sponsors (DC): 32
DC pension plan AUM for Canadian plan sponsors: DC pension, $21,207.59; total, $21,207.59
Total pension assets (DB & DC) managed for Canadian clients: $158,999.92
Trans-Canada Capital
Contact: Jean-François Milette
Global Head, Client Solutions
Address: 1800 McGill College Ave., Suite 2000, Montreal, QC, H3A 3J6
PH: 514-397-7370
Email: jfmilette@transcanadacapital.com
Website: https://transcanadacapital.com
Ownership structure: Third party, 100% (Air Canada)
Investment professionals: 44
Established: 2019
Minimum investment: Pooled, $5M
Manager style: Size bias – all cap; style bias – core
Management style: Active; fixed income; bond – credit; other, relative value approach in fixed income to expand the opportunity set
Investment AUM for Canadian clients: DB pension, $29,600; foundation & not-for-profit, $84; private client, $64; retail mutual funds (direct), $20; total, $30,416; others, $648 (other managers)
Canadian plan sponsors (DB): 3
Canadian equity specialist assets: Segregated, $326; total, $326
Canadian fixed-income specialist assets: Pooled, $4,128; segregated, $12,850; total, $16,978
Global equity specialist assets for global mandates: Pooled, $1,648; total, $1,648
Other asset classes: Hedge funds, $3,169; other, $8,264
Pension fund AUM for Canadian DB plans: Active, $29,600; total, $29,600
Total pension assets (DB & DC) managed for Canadian clients: $29,600
Van Berkom Global Asset Management Capital
Contact: Andy Kong
Head of Global Business Development
Address: 600 de Maisonneuve Blvd Street West, Suite 2510, Montreal, QC, H3A 3J2
PH: 514-985-0909
Fax: 514-985-2430
Email: akong@vanberkomglobal.com
Website: https://vanberkomglobal.com
Ownership structure: Principals, 100%
Investment professionals: 16
Established: 1991
Minimum investment: Pooled, $1M; separate, $5M
Manager style: Size bias – small cap; style bias – core
Management style: Active; other – quality
Investment AUM for Canadian clients: DB pension, $2,721; DC pension, $155; foundation & not-for-profit, $161; private client, $33; total, $3,070
Canadian plan sponsors (DB): 14
Canadian equity specialist assets: Segregated, $366; pooled, $7; total, $373
US equity specialist assets: Segregated, $4,570; pooled, $2; US Smid, $77; total, $4,649
Global equity specialist assets for global mandates: Pooled, $40; segregated, $42; total, $82
Other asset classes: Other – international, $4 equity
Pension fund AUM for Canadian DB plans: Active, $2,721; total, $2,721
Canadian plan sponsors (DC): 8
DC pension plan AUM for Canadian plan sponsors: Total, $155
Total pension assets (DB & DC) managed for Canadian clients: $3,070