At a luncheon organized by Sionna Investment Managers and held in Toronto on Tuesday, three portfolio managers from the institutional investment firm were asked what steps they had taken to protect Sionna’s assets against the disruptors, those companies with new business models that threaten the established order.
By almost any standard, the Canadian fund business has a huge gender imbalance. Compared to other professions, and even compared to mutual funds globally, female fund managers in Canada are vastly outnumbered by men, according to new Morningstar research reinforcing long-standing trends.
Some people look at small caps as high-risk, low-visibility stocks that can be difficult to buy and sell as needed. Teresa Lee sees opportunity.
Since human beings have a tendency for excess, it often leads to irrational behaviour in financial markets. While many investors try to capitalize on market dislocations, value-oriented equity managers are particularly focused on taking advantage of the irrational pricing that occurs as a result.
A couple of years ago, when oil prices dipped below US$40," says Shannon, "we started seeing a lot of value in commodities and in the stocks. We began as sector- neutral, so when oil prices and high-quality names dipped below intrinsic value, we started to add to the stocks.
Property and casualty (P&C) insurers' stocks aren't on the radar of a lot of investors, but you and your clients might consider Fairfax Financial Holdings Ltd. and Intact Financial Corp., both based in Toronto. These companies have good prospects and the shares are reasonably priced.