Addenda Capital Inc.
Contact: Janick Boudreau, Executive Vice-president, Business Development & Client Partnerships;
Address: 800, René-Lévesque Blvd. W., Ste. 2750, Montreal, QC H3B 1X9
Phone: 514-908-1989
Fax: 514-287-7200
Email: [email protected]
Website: www.addendacapital.com
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized
Passive Management Indices: FTSE TMX Canada Long Term Provincial Bond & Customized Hybrid Benchmarks
Ownership: Co-operators Financial Services Limited - 96.23%; Current and former employees – 3.77%
Professional Staff: 41
Established: 1985
Performance Presentation Standards: Claims compliance with the Global Investment Performance Standards (GIPS)
Minimum Investment - Pooled: $5M
Minimum Investment - Separate: $20M
Statistics (As of September 30, 2022)
Universe: $1,405.4M1
Mortgages: $954.7M
Long: $1,598M
Core Plus: Available
Corporate: $235.9M
Liability Driven Investments: $1,821.6M
Money Market: $6M
Impact Fixed Income: $22.6M
Total: $6,044.2M
Canadian Clients: 53
1 - Universe category includes Universe and Government Universe
-------------------------------------------------------------------------------------------------------------------------
Alliancebernstein L.P.
Contact: Wendy Brodkin, Vice-president/ Managing Director, Canada
Address: BCE Place 161 Bay St. 27th Floor, Toronto, ON M5J 2S1
Phone: 416-572-2534
Fax: 212-756-4405
Email: [email protected]
Website: www.alliancebernstein.com
Management Style: Yield Curve, Credit, Structured Products, Index, Quantitative, Multi-Asset
Ownership: Principals - 64%, Public - 26% AllianceBernstein Directors, Officers and employees - 10%
Professional Staff: 107
Established: 1971
Performance Presentation Standards: Processes and procedures to calculate and present performance results in compliance with GIPS
Minimum Investment - Pooled: Varies by strategy
Minimum Investment - Separate: Varies by strategy
Statistics (As of September 30, 2022)
Universe: $2,187M
Long: $1,512M
Core Plus: $1,096M
Corporate: $84M
Emerging Markets Debt: $9M
Total: $5,599M
Canadian Clients: 14
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Alphafixe Capital
Contact: Jonathan Lapointe, Vice-president, Business Development & Partner
Address: 1800 McGill College Ave., Ste. 2420, Montreal, QC H3A 3J6
Phone: 514-861-3493
Fax:
Email: [email protected]
Website: www.alphafixe.com
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative
Ownership: Principals
Professional Staff: 17
Established: 2008
Statistics (As of September 30, 2022)
Universe: $2,995M
Real Return: $39M
Long: $840M
Core Plus: $503M
Corporate: $79M
Floating Rate Bank Loans: $375M
Green Bonds: $304M
Short Term Corporate Opportunities: $70M
Total: $5,205MM
Canadian Clients: 48
-------------------------------------------------------------------------------------------------------------------------
Amundi Canada
Contact: Tanya Bishop, Senior Vice-president
Address: 120 Adelaide St W., Ste 2201, Toronto, ON M5H 1T1
Phone: 647-201-4225
Fax:
Email: [email protected]
Website: www.amundi.ca
Management Style: Yield Curve, Credit, Structured Products, Quantitative
Owenership: Principals – 69.19% Public – 28.97% Employees & Treasury Shares – 1.84%
Professional Staff: 100
Established: 1950
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
Minimum Investment - Separate: $20M
Statistics (As of September 30, 2022)
Universe: Available
Global Bonds: $1,230.2M
Real Return: Available
Mortgages: Available
Private Debt: Available
High Yield: $71.9M
Long: Available
US Bonds: Available
Core Plus: Available
Corporate: $101.9M
Emerging Markets Debt: $29.3M
Fixed Income ETFs: Available
Currency- $3,698.1M
Canadian Bonds- $77.2M
Total: $5,208.6M
Canadian Clients: 7
-------------------------------------------------------------------------------------------------------------------------
BMO Global Asset Management Ltd.
Contact: Ross Kappele, Head of Distribution & Client Management
Address: 100 King St. W., Toronto, ON M5X 1A1
Phone: 416-359-5217
Fax:
Email: [email protected]
Website: www.bmogam.com/ca-en/institutional
Management Style: Yield Curve, Structured Products, Index
Passive Management Indices: FTSE Canada 20+ Strip Bond Index
Ownership: BMO Financial Group
Professional Staff: 8
Established: 1982
Minimum Investment - Pooled: $10M
Minimum Investment - Separate: $100M
Statistics (As of September 30, 2022)
Universe: $182.67M
Long: $622.9M
Total: $805.5M
Canadian Clients: 3
1 - Total includes Canada only.
-------------------------------------------------------------------------------------------------------------------------
BNY Mellon Asset Management Canada Ltd.
Contact: Michael Parsons, Vice-president, Institutional Sales
Address: 1 York St., Ste. 601, Toronto, ON M5J 0B6
Phone: 416-456-9420
Fax:
Email: [email protected]
Website: bnymellon.com
Management Style: Yield Curve, Credit, Index, Immunized, Quantitative
Ownership: Public
Statistics (As of September 30, 2022)
Universe: Available
Global Bonds: $407M
Real Return: Available
Mortgages: Available
Private Debt: $132M
High Yield: Available
Long: Available
US Bonds: This asset type is available
Core Plus: Available
Corporate: Available
Emerging Markets Debt: Available
Total: $539M
Canadian Clients: 8
-------------------------------------------------------------------------------------------------------------------------
Baker Gilmore & Associates Inc.
Contact: Brent Wilkins, Head of Institutional Sales (Canada), Connor, Clark & Lunn Financial Group
Address: 1800 McGill College Ave., Ste. 13000, Montreal, QC H3A 3J6
Phone: 416-364-5396
Fax: 416-363-2089
Email: [email protected]
Website: www.bakergilmore.com
Management Style: Yield Curve; Credit; Style - Duration, yield curve, credit, security selection & cross market; Various types of fixed income strategies such as portfolio managed versus FTSE indices/custom benchmarks, absolute return strategies, LDI solutions
Ownership: Principals - 50% Connor, Clark & Lunn Financial Group Ltd. - 50%
Professional Staff: 7
Established: 1988
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
Minimum Investment - Separate: $10M
Statistics (As of September 30, 2022)
Universe: $88.9M
Global Bonds: Available
Real Return: Available
Mortgages: Available
Private Debt: Available
High Yield: Available
Long: Available
US Bonds: Available
Core Plus: Available
Corporate: Available
Emerging Markets Debt: Available
Fixed Income ETFs: Available
Custom Fixed Income: $35.6M
Total: $124.5M
Canadian Clients: 3
-------------------------------------------------------------------------------------------------------------------------
Barings
Contact: Michael Annis, Managing Director
Address: Toronto, ON
Phone: 416-721-3385
Fax:
Email: [email protected]
Website: www.barings.com
Management Style: Yield Curve, Credit, Duration
Ownership: Wholly-owned subsidiary of Massachusetts Mutual Life Insurance Company
Professional Staff: 333
Established: 1940
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: Varies by product
Minimum Investment - Separate: Varies by product
Statistics (As of September 30, 2022)
Universe: Available
Global Bonds: Available
Real Return: Available
Mortgages: Available
Private Debt: $1,183.77M
High Yield: $46.18M
Long: Available
US Bonds: Available
Core Plus: Available
Corporate: Available
Emerging Markets Debt: $2,439.51M
Fixed Income ETFs: Available
Multi-Strat Fixed Income: $24.13M
Total: $3,683.6M
Canadian Clients: 6
-------------------------------------------------------------------------------------------------------------------------
Brandes Investment Partners
Contact: Tim Newburn, Director, Institutional Group
Address: 36 Toronto St., Ste. 850 Toronto, ON M5C 2C5
Phone: 403-217-1331
Fax: 416-306-5750
Email: [email protected]
Website: www.brandes.com
Management Style: Credit, Bottom-Up Value approach aimed at finding mis-priced securities across sectors and industries
Ownership: Principals
Professional Staff: 4
Established: 1974
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $1M
Minimum Investment - Separate: $10M
Statistics (As of September 30, 2022)
Core Plus: Available
Corporate: Available
-------------------------------------------------------------------------------------------------------------------------
Burgundy Asset Management Ltd.
Contact: Mike Sandrasagra, Vice-president, Head of Canadian Institutional Group
Address: 181 Bay St., Ste. 4510, Toronto, ON M5J 2T3
Phone: 416-869-8980
Fax:
Email: [email protected]
Website: www.burgundyasset.com
Management Style: Credit
Ownership: Principals
Professional Staff: 3
Established: 1990
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
Minimum Investment - Separate: $10M
Statistics (As of September 30, 2022)
Universe: $518.9M
Global Bonds: Available
Real Return: Available
Mortgages: Available
Private Debt: Available
High Yield: $57.6M
Long: Available
US Bonds: Available
Core Plus: Available
Corporate: Available
Emerging Markets Debt: Available
Canadian Money Market: $2.1M
Total: $578.6M
Canadian Clients: 63
-------------------------------------------------------------------------------------------------------------------------
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
Fax:
Email: [email protected]
Website: www.cibcam-institutional.com
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative
Passive Management Indices: FTSE Universe Bond Index, FTSE Short-term Bond Index, FTSE Long-term Bond Index, FTSE Real Return Bond, Customized Liability Benchmark.
Ownership: Third-party - Member of the CIBC group of companies, wholly-owned by Canadian Imperial Bank of Commerce
Professional Staff: 29
Established: 1972
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $10M
Statistics (As of September 30, 2022)
Universe: $3,495.9M
Global Bonds: Available
Real Return: $ 958.82M
Private Debt: $20.1M
High Yield: Available
Long: $ 1,344.4M
Core Plus: $927.9M1
Corporate: $821M
LDI: $6,713.1M
Short Term: $181.3M
Money Market: $34.9M
Total: $$14,497.4M
Canadian Clients: 45
1 - High yield assets are included as part of our Core Plus strategy.
-------------------------------------------------------------------------------------------------------------------------
Canso Investment Counsel Ltd.
Contact: Patrick McCalmont, Portfolio Manager
Address: 100 York Blvd., Ste. 550, Richmond Hill, ON L4B 1J8
Phone: 905-881-8853
Fax: 905-881-1466
Email: [email protected]
Website: www.cansofunds.com
Management Style: Credit
Ownership: Principals
Professional Staff: 30
Established: 1997
Performance Presentation Standards: Modified Dietz method as recommended by GIPS
Minimum Investment - Pooled: $10M
Minimum Investment - Separate: $250M
Statistics (As of September 30, 2022)
Private Debt: $90.8M
Long: $480.9M
Corporate: $7,006.6M
Total: $7,578.3M
Canadian Clients: 31
-------------------------------------------------------------------------------------------------------------------------
Capital Group Canada
Contact: Kevin Martino, Vice-president
Address: Brookfield Place, 181 Bay St., Ste. 3730, Toronto, ON M5J 2T3
Phone: 416-815-2128
Fax: 213-486-9223
Email: [email protected]
Website: www.capitalgroup.com/ca
Management Style: Yield Curve, Credit, Immunized
Other Management Style: Fundamental Research
Ownership: Principals
Professional Staff: 86
Established: 1931
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $15M
Minimum Investment - Separate: $100M
Statistics (As of September 30, 2022)
Global Bonds: Available
High Yield: Available
US Bonds: Available
Core Plus: Available
Corporate: Available
Emerging Markets Debt: Available
Fixed Income ETFs: Available
-------------------------------------------------------------------------------------------------------------------------
Connor, Clark & Lunn Investment Management Ltd.
Contact: Brent Wilkins, Head of Institutional Sales (Canada), Connor, Clark & Lunn Financial Group
Address: 2200-1111 W. Georgia St., Vancouver, BC V6E 4M3
Phone: 416-364-5396
Fax: 416-363-2089
Email: [email protected]
Website: www.cclinvest.com
Management Style: Yield Curve, Credit, Index, Immunized, Quantitative
Ownership: Principals - 71.4%, Connor, Clark & Lunn Financial Group Ltd. - 28.6%
Professional Staff: 18
Established: 1982
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $10M
Minimum Investment - Separate: $15M
Statistics (As of September 30, 2022)
Universe: $1,931.4M
Global Bonds: Available
Real Return: Available
Mortgages: Available
Private Debt: Available
High Yield: $40.1M
Long: $1,685.1M
US Bonds: Available
Core Plus: Available
Corporate: Available
Emerging Markets Debt: Available
Fixed Income ETFs: Available
Money Market: $24.2M
Blended Benchmark: $1,580.8
Total: $5,261.6M
Canadian Clients: 44
-------------------------------------------------------------------------------------------------------------------------
Desjardins Global Asset Management
Contact: Natalie Bisaillon, Vice-president, Business Development & Client Relations
Address: 1 Complexe Desjardins, 20th South Tower, Montreal, QC H5B 1B2
Phone: 877-353-8686 x5554450
Fax: 514-281-7253
Email: [email protected]
Website: www.dgam.ca
Management Style: Yield Curve, Credit,
Ownership: Wholly-owned subsidiary of the Desjardins Group
Professional Staff: 13
Established: 1998
Minimum Investment - Pooled: $10M
Minimum Investment - Separate: $25M
Statistics (As of September 30, 2022)
Universe: $73M
Long: $1,892M
ShortMidTerm: $4,208M
Total: $6,173M
Canadian Clients: 3
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Federated Hermes, Inc.
Contact: David Gregoire, Vice-president
Address: 1001 Liberty Ave., Pittsburgh, PA 15222
Phone: 416-527-1150
Fax: 412-288-1093
Email: [email protected]
Website: www.federatedinvestors.com/www.federatedhermes.com
Management Style: Yield Curve, Credit, Structured Products, Quantitative
Ownership: Principals - 15%, Public – 85%
Professional Staff: 112*
Established: 1955
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: Varies by product
Minimum Investment - Separate: US$$25M, however, this is negotiable.
Statistics (As of September 30, 2022)
Universe: Available
Global Bonds: Available
Real Return: Available
Mortgages: Available
Private Debt: Available
High Yield: $213M
Long: Available
US Bonds: Available
Core Plus: Available
Corporate: Available
Emerging Markets Debt: Available
Fixed Income ETFs: Available
Total: $213M
Canadian Clients: 5
* Includes investment analyst, traders, and portfolio managers
-------------------------------------------------------------------------------------------------------------------------
Fidelity Canada Institutional
Contact: Michael Barnett, Executive Vice-president, Institutional
Address: 483 Bay St., Toronto, ON M5G 2N7
Phone: 416-217-7773
Fax: 416-307-5511
Email: [email protected]
Website: institutional.fidelity.ca
Management Style: Yield Curve, Credit, Structured Products
Ownership: Principals
Professional Staff: 256
Established: 1987
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: C$7.5M
Minimum Investment - Separate: C$100M (Minimum investment for Canadian fixed income strategies)
Statistics (As of September 30, 2022)
Universe: $762.16M
Global Bonds: $1.14M
Real Return: Available
Mortgages: Available
Private Debt: Available
High Yield: $110,000
Long: $114.57M
US Bonds: Available
Core Plus: $1,550.46M
Corporate: Available
Emerging Markets Debt: Available
Fixed Income ETFs: Available
Canadian Money Market- $56.37M
Canadian Short Term Bond- $2.11M
Custom LDI Solution- $577.73M
Custom Tactical Credit- $448.73M
Total: $3,513.38M
Canadian Clients: 25
-------------------------------------------------------------------------------------------------------------------------
Fiera Capital Corporation
Contact: Michael Quigley, Executive Vice-president & Head of Institutional Markets
Address: 1981 McGill College Ave., Montreal, QC H3A 0H5
Phone: 514-954-3300
Fax: 514-954-3716
Email: [email protected]
Website: www.fieracapital.com
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized, Core+, Strategic, Relative Value
Ownership: Principals - 16% Publicly-held – 76.9% Third Party – 7.1%*
Professional Staff: 26
Established: 2003
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
Minimum Investment - Separate: $20M
Statistics (As of September 30, 2022)
Universe: $3,338.43M
Global Bonds: Available
Real Return: Available
Mortgages: $20.24M
Private Debt: $96.74M
High Yield: $49.72M
Long: $4,361.78M
Core Plus: $54.85M
Corporate: $257.32M
Infrastructure Bonds: $225.37M
Liability Driven Investment: $12,215.49M
Money Market: $674.16M
Short-term: $662.08M
Total: $21,956.18M
Canadian Clients: 199
* For additional information, visit Fiera Capital Corporation’s investor relations page at https://www.fieracapital.com/en/investor-relations.
-------------------------------------------------------------------------------------------------------------------------
Foyston Gordon & Payne Inc.
Contact: Kimberley Woolverton, Executive Vice-president, Head of Distribution
Address: 1 Adelaide St. E., Ste. 2600, Toronto, ON, M5C 2V9
Phone: 416-848-1936
Fax: 416-367-1183
Email: [email protected]
Website: www.foyston.com
Management Style: Yield Curve, Credit
Ownership: Principals -36% Affiliated Managers Group - 63%
Professional Staff: 6
Established: 1980
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $1M
Minimum Investment - Separate: $5M
Statistics (As of September 30, 2022)
Universe: $218M
Mortgages: $200,000
Long: $189M
Core Plus: Available
Corporate: $19M
Preferreds: $6M
Total: $432M
Canadian Clients: 27
-------------------------------------------------------------------------------------------------------------------------
Franklin Templeton
Contact: Duane Green, CEO & Head of Institutional
Address: 200 King St. W., Ste. 1400, Toronto, ON M5H 3T4
Phone: 416-957-6165
Fax:
Email: [email protected]
Website: www.franklintempleton.ca
Management Style: Yield Curve, Credit, Index, Immunized, Quantitative,Domestic Fixed Income (Canadian), Emerging Market Debt, Global Sovereigns, Local Asset Management, Mortgages/ABS, Corporate High Yield & Investment Grade, Municipals, Bank Loans & Low Duration, Private Credit
Ownership: Principals - 36%, Public - 64%
Professional Staff: 170
Established: 1971 (Franklin Templeton Fixed Income Group) Performance
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $1M
Minimum Investment - Separate: $20M-$250M (depending on the mandate)
Statistics (As of September 30, 2022)
Universe: $902M
Global Bonds: $5,173M
Real Return: Available
Mortgages: Available
Private Debt: Available
High Yield: Available
Long: Available
US Bonds: $85M
Core Plus: $112M
Corporate: $8M
Emerging Markets Debt: $1,456M
Total: $7,736M
Canadian Clients: 47
-------------------------------------------------------------------------------------------------------------------------
Guardian Capital LP
Contact: Robin Lacey, Head of Institutional Asset Management
Address: 199 Bay St., Commerce Court W., Ste. 3100, Toronto, ON M5L 1E8
Phone: 416-947-4082
Fax: 416-364-9634
Email: [email protected]
Website: www.guardiancapital.com
Management Style: Yield Curve, Credit, Structured Products, Immunized, Quantitative
Ownership: Guardian Capital Group Limited
Professional Staff: 7
Established: 1962
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $1M
Minimum Investment - Separate: Varies by Mandate
Statistics (As of September 30, 2022)
Universe: $79.7M
Core Plus: $41.38M
Corporate: $1.79M
Structured Bonds: $664.76
Short Term: $720,000
Total: $788.35M
Canadian Clients: 16
-------------------------------------------------------------------------------------------------------------------------
HSBC Global Asset Management (Canada) Limited
Contact: Todd Graham, Vice-president, Institutional Investments
Address: 3rd Floor, 16 York St., Toronto, ON M5J 1S9
Phone: 416-673-6909
Fax: 416-361-6345
Email: [email protected]
Website: www.assetmanagement.hsbc.com
Management Style: Yield Curve, Credit
Ownership: Indirect wholly-owned subsidiary of HSBC Holdings plc
Professional Staff: 4
Established: 1980
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $10M
Minimum Investment - Separate: $50M
Statistics (As of September 30, 2022)
Universe: $1991.06M
Global Bonds: $116.71M
Mortgages: $2414.94M
High Yield: $237.83M
Emerging Markets Debt: $293.722M
Short term, Specialty & Inflation-Linked: $1,128.15M
Total: $29.76M
Canadian Clients: 2
1 - HSBC Global Asset Management (Canada) Limited has 4 dedicated fixed income professionals. However, HSBC Asset Management's fixed income approach is systematic and efficient and has been designed to deliver the benefits of a global platform (comprised of approximately 170 investment professionals, including roughly 80 fixed income portfolio managers, 15 quantitative analysts and portfolio engineers, 10+ macro and global economists and 40+ seasoned sector-specialist credit analysts) with the nimbleness of autonomous local decision-making.
-------------------------------------------------------------------------------------------------------------------------
Invesco Canada Ltd.
Contact: Michael Peck, Vice-president, Head of Canadian Institutional
Address: ; 120 Bloor St. E., Ste. 700, Toronto, ON M4W 1B7
Phone: 416-324-7679
Fax: 416-590-7742
Email: [email protected]
Website: www.institutional.invesco.ca
Management Style: Yield Curve, Credit, Structured Products
Other Management Style: Credit Selection - 80%; Yield Curve - 10%; Interest Rate Anticipation - 10%
Ownership: Principals - 17%, Public - 83%
Professional Staff: 176
Established: 1981
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $1M
Minimum Investment - Separate: $25M
Statistics (As of September 30, 2022)
Universe:
Global Bonds:
Real Return:
Mortgages:
Private Debt:
High Yield:
Long:
US Bonds:
Core Plus: $9.1M
Corporate:
Emerging Markets Debt:
Other:
Total: $9.1M
Canadian Clients: 1
-------------------------------------------------------------------------------------------------------------------------
Leith Wheeler Investment Counsel
Contact: Ben Homsy, Portfolio Manager & Head of Institutional Business Development
Address: 1500-400 Burrard St., Vancouver, BC V6C 3A6
Phone: 604-655-3625
Fax: 604-683-0323
Email: [email protected]
Website: www.leithwheeler.com
Management Style: Yield Curve, Credit Duration
Ownership: Employee-owned
Professional Staff: 11
Established: 1982
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $3M
Minimum Investment - Separate: $10M
Statistics (As of September 30, 2022)
Universe: $1,818M
High Yield: $169M
Long: $415M
Core Plus: $227M
Total: $2,629
Canadian Clients: 76
-------------------------------------------------------------------------------------------------------------------------
Lincluden Investment Management
Contact: Wayne Wilson, Vice-president
Address: 201 City Centre Dr., Ste. 201, Mississauga, ON L5B 2T4
Phone: 905-273-3018
Fax: 905-273-4882
Email: [email protected]
Website: www.lincluden.com
Management Style: Yield Curve, Credit, Value
Ownership: Principals - 40%
Professional Staff: 2
Established: 1982
Minimum Investment - Pooled: $150,000
Minimum Investment - Separate: $10M
-------------------------------------------------------------------------------------------------------------------------
MFS Investment Management Canada Limited
Contact: Stephane Amara, Managing Director ‒ Institutional Sales
Address: 77 King St. W., 35th Floor, Toronto, ON M5K 1B7
Phone: 416-361-2273
Fax: 416-862-0167
Email: [email protected]
Website: www.mfs.com
Management Style: Asset & Sector Allocation, Security Selection, Duration & Yield Curve, Region, Currency
Ownership: Principals - Up to 20% Remainder is owned by Sun Life Financial, Inc.
Professional Staff: 111
Established: 1924
Performance Presentation Standards: GIPS
Minimum Investment - Separate: Dependent on strategy
Statistics (As of September 30, 2022)
Universe: $854.5M
Global Bonds: $3.5M
Real Return: Available
Mortgages: Available
Private Debt: Available
High Yield: Available
Long: $813.8M
US Bonds: Available
Core Plus: $252.1M1
Corporate: Available
Emerging Markets Debt: Available
Short-term: $7.3M
Money Market: $13.3M
Total: $1,937.2M
Canadian Clients: 282
1. Core Plus assets include both Long and Core Plus strategies
2. A number of Canadian plan sponsors include pension plan clients that have a fixed income component as part of an asset-mix portfolios
-------------------------------------------------------------------------------------------------------------------------
Mackenzie Investments
Contact: Matt Thomson, Senior Manager, Institutional Services
Address: 180 Queen St. W., Toronto, ON M5V 3K1
Phone: 437-229-1120
Fax:
Email: [email protected]
Website: www.mackenzieinvestments.com/
Management Style: Yield Curve, Credit, Index, Quantitative
Passive Management Indices: Solactive
Ownership: Wholly owned subsidiary of IGM Financial Inc.
Professional Staff: 27
Established: 1967
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
Minimum Investment - Separate: $20M
Statistics (As of September 30, 2022)
Universe: $395.71
Money Market: $270,000
Total: $395.98M
Canadian Clients: 7
-------------------------------------------------------------------------------------------------------------------------
Manulife Investment Management
Contact: Jennifer Lundmark, Head of North America Institutional
Address: 200 Bloor St. E., Toronto, ON M4W 1E5
Phone: 416-926-3000
Fax:
Email: [email protected]
Website: www.manulifeim.com
Passive Management Indices: FTSE Canada Universe Index, FTSE Long Term Bond Index
Ownership: Principals - Manulife Financial Corporation
Professional Staff: 24
Established: 1949
Performance Presentation Standards: GIPS
Statistics (As of September 30, 2022)
Universe: $560.8M
Global Bonds: $1,659.1M
Real Return: $52.4M
Mortgages: Available
Private Debt: $323.6M
High Yield: Available
Long: $11,848.6M
US Bonds: Available
Core Plus: $60.3M
Corporate: $3.3M
Emerging Markets Debt: $400,000
Fixed Income ETFs: Available
Total: $14,508.4M
Canadian Clients: 93
-------------------------------------------------------------------------------------------------------------------------
Mawer Investment Management Ltd.
Contact: Rob Campbell, Institutional Portfolio Manager
Address: 79 Wellington St. W., Ste. 3410, Box 276, TD South Tower, Toronto, ON M5K 1J5
Phone: 416-865-5297
Fax: 416-865-3357
Email: [email protected]
Website: www.mawer.com
Management Style: Yield Curve, Credit
Ownership: Principals
Professional Staff: 4
Established: 1974
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $10M
Minimum Investment - Separate: $50M\
Statistics (As of September 30, 2022)
Universe: $1,154.2M1
Total: $1,154.2M2
Canadian Clients: 343
1 - Includes fixed income assets managed as part of a balanced strategy
2 - Includes fixed income assets managed as part of a balanced strategy
3 - Includes plan sponsors invested in fixed income as part of a balanced strategy
-------------------------------------------------------------------------------------------------------------------------
Ninety One
Contact: Anish Mistry, Vice-president, Canada Institutional
Address: 65 E. 55th St., New York, NY 10022
Phone: 917-206-5161
Fax:
Email: [email protected]
Website: https://ninetyone.com/en/canada
Ownership: Principals - 28% Public – 72%
Professional Staff: 41
Established: 1991
Statistics (As of September 30, 2022)
Universe: Available
Global Bonds: $92M
Real Return: Available
Mortgages: Available
Private Debt: Available
High Yield: Available
Long: Available
US Bonds: Available
Core Plus: Available
Corporate: Available
Emerging Markets Debt: $1,697M
Total: $1,697M
Canadian Clients: 7
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Nisa Investment Advisors, LLC
Contact: Greg Johnson, Director, Client Services
Address: 101 S. Hanley Rd., St. Louis, MO 63105
Phone: 314-721-1900
Fax: 314-721-3041
Email: [email protected]
Website: www.nisa.com
Management Style: Custom liability focused
Ownership: Principals
Professional Staff: 158 (1)
Established: 1994
Performance Presentation Standards: Claims compliance with the Global Investment Performance Standards (GIPS)
Minimum Investment - Separate: Minimum fee may be applicable
Statistics (As of September 30, 2022)
Universe: Available
Global Bonds: Available
Real Return: $1,267.6M
Mortgages: Available
Private Debt: Available
High Yield: Available
Long: $602.1M (1)
US Bonds: $1,262.9M
Core Plus: Available
Corporate: $384.2M (2)
Emerging Markets Debt: Available
Fixed Income ETFs: Available
Other: Derivatives $3,207M (3) Notional
Total: $3,516.9M (3)
Canadian Clients: 6
1 - Number of Fixed Income Investment Professionals include members of NISA’s Investment Committee and Investment Professionals within NISA’s Fixed Income and Derivatives Portfolio Management Group, Investment Strategies Group, and Client Services Group with responsibility for NISA’s long duration product. Not all of these individuals are involved in Canadian client strategies.
2 - Includes portfolios for which NISA manages a completion program.
3 - Includes portfolios that track a published benchmark.
4 - All dollar amounts are in C$ unless otherwise noted. C$205.8 million in Repurchase Agreement notional and underlying assets are reported in both physical assets and derivatives notional value under management. The data supplied by NISA are based on trade date and calculated according to NISA’s pricing policies. NISA maintains the data only for its portfolio management, guideline verification and performance calculation purposes. NISA does not provide pricing, recordkeeping, brokerage or any related services. A summary of NISA’s Pricing and Valuation policy is available upon request. Some numbers have been rounded and may not sum to 100% or reported totals.
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Northern Trust Asset Management
Contact: David Lester, Senior Vice-president
Address: 1910-145 King St. W., Toronto, ON M5H 1J8
Phone: 416-775-2215
Fax: 416-366-2033
Email: [email protected]
Website: www.northerntrust.com
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative
Passive Management Indices: FTSE Canada Universe Bond, FTSE Canada Long-Term Bond, FTSE Canada Long-Term Broad Market Bond, J.P. Morgan USD Emerging Markets Bond, Markit iBoxx USD Liquid High Yield
Ownership: Public
Established: 1979
Minimum Investment - Pooled: $10M
Minimum Investment - Separate: $20M
Statistics (As of September 30, 2022)
Universe: $210.3M
Global Bonds: Available
Real Return: Available
Mortgages: Available
Private Debt: $38.3M
High Yield: $157.8M
Long: $1,095.4M
US Bonds: Available
Core Plus: Available
Corporate: Available
Emerging Markets Debt: $18.2M
Total: $1,520M
Canadian Clients: 13
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PGIM Fixed Income (1)
Contact: Brad Blalock, Managing Director & Global Head of the Client Advisory Group
Address: 655 Broad St., 10th Floor, Newark, NJ 07102
Phone: 973-367-5431
Fax:
Email: [email protected]
Website: PGIMFixedIncome.com
Management Style: Yield Curve; Credit; Structured Products; Active, global, top-down and bottom-up relative value approach
Ownership: Public
Professional Staff: 365 (2)
Established: 1875
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: Varies by strategy
Minimum Investment - Separate: Varies by strategy
Statistics (As of September 30, 2022)
Global Bonds: $169.4M (3)
High Yield: Available
Long: $63.41M (4)
US Bonds: Available
Core Plus: $79.22M (5)
Corporate: $823.72M
Emerging Markets Debt: $640.67M
Absolute Return: $340.63
Total: $2,117M (6)
Canadian Clients: 13 (7)
1 - PGIM Fixed Income is the primary public fixed income unit of PGIM, Inc, the largest investment adviser within Prudential Financial, Inc. As of 9/30/22, PGIM Fixed Income managed $759 billion in AUM across the global fixed income markets. AUM is based on company estimates and is subject to change.
2 - Total employees (1104) and investment professionals as of 9/30/22.
3 - Represents Global Core Plus strategy
4 - Represents Long Government/Credit strategy
5 - Represents US Core Plus strategy
6 - Assets under management are based on company estimates and are subject to change. Assets as of 9/30/22. FX rate used to convert AUM from USD to $CAD as of 9/30/22 = 1.37405. Source: Reuters.
7 - As of 9/30/2022
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PH&N Institutional
Contact: John Skeans, Head of Consultant Relations
Address: 200 Burrard St., 20th Floor, Vancouver, BC V6C 3N5
Phone: 604-408-6000
Fax: 604-685-5712
Email: [email protected]
Website: institutional.phn.com/
Management Style: Yield Curve, Credit, Structured Products, Immunized
Ownership: Division of RBC Global Asset Management Inc.
Professional Staff: 44
Established: 1964
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: Varies depending on mandate, minimum fee of $75,000 per annum applies
Minimum Investment - Separate: Varies depending on mandate, minimum fee of $150,000 per annum applies
Statistics (As of September 30, 2022)
Universe: $6,214.59M
Global Bonds: $161.65M
Real Return: $200.92M
Mortgages: $267.10M
Private Debt: $677.09M
High Yield: $571.37M
Long: $10,789.72M
US Bonds: Available
Core Plus: $8,041.52M
Corporate: $2,827.11M
Emerging Markets Debt: Available
Fixed Income ETFs: Available
Blended Fixed Income: $8,599.65M
Money Market: $90.73M
Short Term Fixed Income: $367.43M
Liability-based: $3,745.93M
Overlay: $8,549.60M
Total: $51,104.42M
Canadian Clients: 150
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Pictet Asset Management
Contact: Francois Forget, Head of Distribution – Canada
Address: 1000 de la Gauchetiere W., Ste. 3100, Montreal, QC H3B 4W5
Phone: 514-518-8587
Fax:
Email: [email protected]
Website: www.am.pictet
Management Style: Yield Curve, Credit, Emerging Market Debt, Global Sovereigns, Absolute Return Fixed Income, Corporate High Yield & Investment Grade, Sustainable Credit, Strategic Credit
Ownership: Principals - 100%
Professional Staff: 106
Established: 1980 (Parent - 1805)
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: Varies by strategy
Minimum Investment - Separate: Varies by strategy
Statistics (As of September 30, 2022)
Global Bonds: Available
Private Debt: Available
High Yield: Available
Long: Available
Corporate: Available
Emerging Markets Debt: $447.8M
Total: $1,183.7M
Canadian Clients: 2
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Picton Mahoney Asset Management
Contact: Taras Klymenko, Head of Institutional Business
Address: 33 Yonge St., Ste. 830, Toronto, ON M5E 1G4
Phone: 416-702-4337
Fax:
Email: [email protected]
Website: www.pictonmahoney.com
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative, Long/Short Credit, Event Driven Credit
Ownership: Principals
Professional Staff: 7
Established: 2004
Minimum Investment - Pooled: $25,000
Minimum Investment - Separate: $25M
Statistics (As of September 30, 2022)
Universe: Available
Global Bonds: Available
Real Return: Available
High Yield: Available
Long: Available
US Bonds: Available
Core Plus: Available
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Pimco Canada
Contact: Adrian Sequeira, Vice-president, Account Manager
Address: 199 Bay St., Ste. 2050, Toronto, ON M5L 1G2
Phone: 416-646-1803
Fax: 416-368-3576
Email: [email protected]
Website: Pimco.ca
Management Style: Yield Curve, Credit Immunized, Quantitative
Passive Management Indices: Absolute Return, Active Equity, All Asset, Asset Allocation, Bank Loans, Commodities, Diversified Income, Emerging Markets, Enhanced Equity, Global, High Yield, Income, Inv Grade Credit, Long Duration, Managed Volatility, Mortgages, Multi-Sector Bond, Municipals, Non US Low Duration, Non US Moderate Duration, Non US Total Return, Other, Real Estate, Real Path, Real Return, Short Term, Tail Risk Hedging, US Low Duration, US Moderate Duration, US Total Return
Ownership: Majority-owned subsidiary of Allianz Asset Management of America L.P.
Professional Staff: 968
Established: 1971
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M to $15M
Minimum Investment - Separate: $100M
Statistics (As of September 30, 2022)
Universe: Available
Global Bonds: $443M
Real Return: $51M
Mortgages: $68M
Private Debt: $41M
High Yield: Available
Long: $5,498M
US Bonds: $63M
Core Plus: $62M
Corporate: $1,063M
Emerging Markets Debt: $3,192M
Fixed Income ETFs: Available
Alternatives: $4,580M
Total: $15,590M
Canadian Clients: 62
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QV Investors Inc.
Contact: Rada Dyki, Communications Manager
Address: 1008, 222 - 3 Ave. SW, Calgary, AB T2P 0B4
Phone: 403-265-7007 x234
Fax: 403-266-6524
Email: [email protected]
Website: www.qvinvestors.com
Management Style: Yield Curve, Credit
Ownership: Public
Professional Staff: 2
Established: 1996
Performance Presentation Standards: ACA Compliance Group verified
Minimum Investment - Pooled: $500,000
Minimum Investment - Separate: $10M
Statistics (As of September 30, 2022)
Universe: Available
Global Bonds: Available
Real Return: Available
Mortgages: Available
Private Debt: Available
High Yield: Available
Long: Available
US Bonds: Available
Core Plus: $154M
Corporate: Available
Emerging Markets Debt: Available
Fixed Income ETFs: Available
Short Duration: $48.6M
Total: $38.03.1M
Canadian Clients: 1
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Russell Investments Canada Limited
Contact: Tom Lappalainen, Director, Client Portfolio Management
Address: 200 Bay St., North Tower, Ste. 1200, Toronto, ON, M5J 2J2
Phone: 866-737-2228
Fax: 416-362-4494
Email: [email protected]
Website: russellinvestments.com/ca/institutional
Management Style: Multi-manager
Ownership: Majority stake held by funds managed by TA Associates, with a significant minority stake held by funds managed by Reverence Capital Partners. Employees and Hamilton Lane Advisors, LLC also hold minority, non-controlling, ownership stakes.
Established: 1936
Statistics (As of September 30, 2022)
Total: $813M
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SLC Management
Contact: Heather Wolfe, Head of Canadian Business Development
Address: 1 York St., Toronto, ON M5J 0B6
Phone: 416-408-7834
Fax:
Email: [email protected]
Website: www.SLCManagement.com
Management Style: Credit, Immunized
Ownership: Indirect wholly-owned subsidiary of Sun Life Financial Inc.
Professional Staff: 149
Established: 2013
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: Varies
Minimum Investment - Separate: Varies
Statistics (As of September 30, 2022)
Universe: Available (1)
Global Bonds: Available
Real Return: Available (2)
Mortgages: $428.3M
Private Debt: $3,639.7M
High Yield: Available
Long: Available (3)
US Bonds: $1,181.2 (4)
Core Plus: $54.7M
Corporate: $1,442.4M (5)
Emerging Markets Debt: Available
Fixed Income ETFs: Available
Separately Managed LDI Accounts: 2,292.1M (6)
Total: $9,038M
Canadian Clients: 52
1 - Offered via separately-managed accounts
2 - Offered via separately-managed accounts and a number of our liability-driven separately-managed accounts include real return bonds
3 - Manages long duration assets in multiple categories, including Long Core Plus, Long Private Fixed Income, Long Corporate Bond, Long Duration Overlay, and LDI strategies
4 - US and foreign-denominated investments are included in our Core Fixed Income Plus, Long Corporate, LDI, and Private Fixed Income strategies
5 - Represents dedicated long corporate funds/strategies
6 - Represents separately-managed LDI accounts which have significant exposure to corporate bonds, as well as some inflation-linked security exposure in certain accounts, includes assets in the SLC Management Canadian Long Duration Overlay Fund which is a duration extension strategy used in LDI solutions
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State Street Global Advisors, Ltd.
Contact: Michael W. Brown, Vice-president, Consultant Relations Manager
Address: 30 Adelaide St. E., Ste. 500, Toronto, ON M5C 3G6
Phone: 647-775-5778
Fax: 647-775-7264
Email: [email protected]
Website: www.ssga.ca
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative*
Passive Management Indices: FTSE Canada Universe Bond Index, FTSE Canada Long Term Overall Bond Index, FTSE Canada Long Term Government Bond Index, FTSE Canada Real Return Bond Index, FTSE Canada Short Term Overall Bond Index, FTSE Canada Strip Long Term Bond Index
Ownership: Principals - 5%, Wholly-owned subsidiary of SSGA International Holdings Inc. - Over 95%
Professional Staff: 140
Established: 1990
Performance Presentation Standards: SSGA- GIPS
Minimum Investment - Pooled: $5M
Minimum Investment - Separate: $175K
Statistics (As of September 30, 2022)
Universe: $935M
Global Bonds: $115M
Real Return: $281M
Long: $2,387M
US Bonds: $36M
Short-Term Index: $200M
U.S. Aggregate Bond Index: $61M
Custom Index: $250M
Total: $4,265M
Canadian Clients: 16
*While most of our strategies are indexed based, we also have capabilities in other areas of fixed income and cash Management
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Sun Life Global Investments
Contact: Anne Meloche, Head of Institutional Business
Address: 1 York St., Toronto, ON M5J 0B6
Phone: 514-866-6287
Fax:
Email: [email protected]
Website: www.slgiinstitutional.com
Management Style: Yield Curve, Credit, Index, Canadian Bonds - Active: multi-strategy/multi-manager
Passive Management Indices: FTSE Canada Universe Bond Index
Ownership: Sun Life Financial
Established: 2010
Performance Presentation Standards: N1 81-102 Investment funds regulatory requirement. (1, 3, 5, 10 yr, plus since inception if no 10 yr)
Statistics (As of September 30, 2022)
Universe: $418.9M
Global Bonds: $22.6M
Core Plus: $7.5M
Total: $449M
Canadian Clients: 1,233
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T. Rowe Price
Contact: Craig Siddall, Vice-president
Address: TD North Tower, 77 King St. W. Ste. 4240, Toronto, ON M5K 1G8
Phone: 416-360-7135
Fax: 416-360-7775
Email: [email protected]
Website: www.troweprice.com
Management Style: Credit, Bottom-up, fundamental investment approach across all of fixed income strategies, performing deep and focused credit research.
Ownership: Publicly traded
Professional Staff: 241
Established: 1937
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: Varies by strategy & product
Minimum Investment - Separate: Varies by strategy & product
Statistics (As of September 30, 2022)
Universe: Available
Global Bonds: $25,549M
Real Return: Available
Mortgages: $2,530M (1)
Private Debt: Available
High Yield: $46,683M
Long: Available
US Bonds: $49,059
Core Plus: $1,281M
Corporate (2): $9,234
Emerging Markets Debt: $17,310M
Fixed Income ETFs: 161M
Non-US (2): $15,679M
Core: $48,429M
Short-Term (3): $36,465M
Enhanced: $2,934M
Total: $182M
Canadian Clients: 2
1 - Mortgages includes US FI Securitized strategy
2 – Corporate includes US and EURO Corporate strategies
3 - Includes International Bonds
4 - Includes Short Term
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TD Asset Management Inc.
Contact: Mark Cestnik, Managing Director
Address: 161 Bay St., 34th Floor, Toronto, ON M5J 2T2
Phone: 416-983-7088
Fax:
Email: [email protected]
Website: www.td.com/ca/en/asset-management/institutional
Management Style: Yield Curve; Credit; Structured Products; Index; Immunized; Quantitative; Duration Extension; Active Fundamental; Core; Core Plus; Corporate; Short, Universe & Long Active Fixed Income, Liability Driven Investment, Mortgages, Private Debt, Global High Yield
Passive Management Indices: FTSE Canada Universe Bond, FTSE Canada Provincial Bond, FTSE Canada All Government Bond, FTSE Canada Mid-term Provincial Bond; FTSE Canada Long Bond, FTSE Canada Long Govt. Bond, FTSE Canada Long Term Provincial Bond, FTSE Canada 20+ Strip Bond, FTSE Canada Real Return Bond
Ownership: Wholly-owned subsidiary of Toronto-Dominion Bank
Professional Staff: 84
Established: 1987
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $10M
Minimum Investment - Separate: $50M (Active) $200M (Passive)
Statistics (As of September 30, 2022)
Universe: $11,459M
Global Bonds: Available
Real Return: $1,239M
Mortgages: $4,084M
Private Debt: $1,426M
High Yield: $15M
Long: $18,497M
US Bonds: Available
Core Plus: $1,993M
Corporate: $449M
Emerging Markets Debt: Available
Fixed Income ETFs: Available
FTSE Canada All Government Bond: $1,423M
Client Defined Benchmarks: $5,138M
Money Market & Short Term: $4,295M
Overlay (Fixed Income Only): $17,621M
Structured (1): $1,694M
FTSE Canada Mid-term Provincial: $546M
Total: $69,878M
Canadian Clients: 403
1. Refers to fixed income funds intended for asset liability management of various durations
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