Firm Profile
Independent and Employee-Owned
- Investors are not the first priority for public investment managers.
- They must always answer to shareholders first – before their clients.
- To make clients a first priority, an investment manager must be independent.
- Sionna is independent and privately owned by senior members of the firm – so we answer only to our clients.
Investment management services to institutional clients, mutual funds, separately managed account programs and high net worth individuals
The Firm:
- Independent, private and employee-owned firm
- More than $2.9 billion in total assets as of March 31, 2010, including:
- $2.4 billion in Assets under Management (AUM)
- $0.5 billion in Assets under Administration (AUA)
- Expertise in Canadian markets
- Portfolio managers – average 18 years of industry experience
- Strong employee culture of regulatory compliance and corporate governance
Philosophy:
- Human nature misprices stocks. Investors and companies overestimate and underestimate the value of stocks, creating price/value schisms.
- The Canadian market is idiosyncratic because of an overweighting in resources. Capitalizing on this overweighting requires a more pragmatic and relative approach to value investing: an approach that considers solid, undervalued companies that may not meet the criteria of other, more rigid investment styles.
Process:
- Relative value style
- Uses Sionna’s proprietary Intrinsic Value Model calculations:
- Quantitative analysis
- Qualitative “scrub test”
- Aims for consistent above-average returns
- Works to provide down-market protection
Firm Profile:
Investors are best served when they are the highest priority for an investment manager.
– Kim Shannon,
President & CIO