CI Investments
Established in the early 1960s, CI provides a wide variety of investment products to investors by partnering with financial advisors and institutions across Canada. Since its inception, CI has launched new and innovative products, and increased the breadth and depth of product and portfolio management expertise available to clients. As a result, CI has grown to manage over C$58 billion* in assets. More than 2 million Canadians trust CI to help realize their financial goals.
Synergy Asset Management
Synergy Asset Management is an employee owned portfolio management boutique. The firm manages approximately C$4 billion* in assets and focuses on earnings momentum and growth strategies with expertise in Canadian, US and global equities. Two of the Manager’s principals, David Picton and Michael Mahoney, were founding partners of Synergy Asset Management in 1997. Synergy Asset Management manages several mandates for CI Investments Inc.
Investment style
Equity style
Synergy Asset Management defines their growth/momentum strategy as the pursuit of companies exhibiting the best positive changes in fundamentals. The outlook for a company is important, but a change in that outlook is critical to the company’s share price performance. Their research has shown that relative fundamental change is a key driver of relative share price performance. This is due to the tendency of companies generating positive fundamental change and/or earnings acceleration today to continue doing so in the future as well. The opposite is true in that companies generating negative fundamental change today tend to continue doing so in the future and should thus be avoided.
Management style
- Equity: Earnings momentum blending quantitative and fundamental analysis.
Tetrem Capital Management Ltd.
Tetrem Capital Management is an investment management firm headquartered in Winnipeg, Manitoba. Established in February 2004, by President and Chief Investment Officer Daniel Bubis, Tetrem’s money management services focus on Canadian and U.S. equities, rooted in their long-standing contrarian value style. The firm has approximately C$4.5 billion* in assets and manages several mandates for CI Investments Inc.
Investment style
Equity style
Tetrem is a value investor. Their primary focus is seeking out and investing in undervalued companies. They do so by understanding and incorporating various tenets such as reversion to the mean and margin of safety when making investment decisions.
It is Tetrem’s belief that investing is a probabilistic art and science. Through a combination of empirical analysis and rational thought they find the courage and conviction to invest in a disciplined manner that tilts the odds of good performance in their clients’ favour. The use of quantitative models coupled with a well defined and methodical fundamental research allows them to keep a clear and steady mind in chaotic markets.
Management style
- Bottom-up, value with a disciplined, contrarian approach
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