For both individual and institutional investors, Separately Managed Accounts are for those who prefer to have their portfolio managed on an individual, segregated basis.
Account sizes range, however, the minimum portfolio investment for this service is $2,000,000 per mandate.
The Tactical Asset Allocation mandate is a diversified core portfolio holding up to 60 securities. The income portion of the portfolio of the Tactical Asset Allocation mandate may include preferred shares, T-bills, provincial and Canada bonds, corporate and convertible bonds. Equity holdings are not restricted by market capitalization or sector; however, our strict liquidity requirements require that the Tactical Asset Allocation mandate invest only in actively traded securities.
The primary objective of the mandate is to achieve long-term capital appreciation by investing in leading companies in leading sectors.
We use top-down market and sector risk assessment models to establish an asset allocation strategy. This strategy is continually reassessed to manage the allocation of market exposure versus cash and short-term deposits. By combining this approach with quantitative security selection analysis to identify market leaders, the team attempts to provide consistent absolute returns coupled with a low correlation to indices.
The mandate is based on our Disciplined Leadership Approach. In implementing this approach, the mandate will invest in a number of underlying securities in order to obtain the desired composition. The performance of the mandate will be related to the performance of the underlying equity securities held in the mandate’s portfolio.
The mandate may be exposed to capital depreciation risk, concentration risk, currency risk, emerging markets risk, equity risk, fixed income risk, foreign market risk, general market risk, income trusts risk, index risk, legal and regulatory risk, liquidity risk, securities lending, repurchase, and reverse repurchase agreements risk, significant holdings risk, smaller companies risk, and sovereign debt risk.
Our Disciplined Leadership Approach is an active, style agnostic process focused on understanding the current market environment and recognizing change. The approach focuses on identifying trends at play in the marketplace and concentrating portfolio investments in those areas for as long as those trends remain intact. This approach also places particular emphasis on protection of capital. By consistently monitoring for change, applying a disciplined selling strategy and making tactical use of cash, we attempt to protect portfolios from staying invested in unproductive assets or during pervasive market weakness.
We use top-down market and sector risk assessment models to establish an asset allocation strategy. This strategy is continually reassessed to manage the allocation of market exposure versus cash and short-term deposits. By combining this approach with quantitative security selection analysis, the team works to achieve consistent, sustainable and growing cash distributions complemented by growth of capital.