Volatility is a symptom that people have no idea of the underlying value--that they have stopped playing the asset game.
- Jeremy Grantham
published April 24, 2014
posted in Sharing Value
published April 24, 2014
posted in Sharing Value
Psychology is probably the most important factor in the market – and the one that is least understood.
– David Dreman
published April 24, 2014
posted in Sharing Value
Successful investors tend to be unemotional, allowing the greed of others to play into their hands. By having confidence in their own analysis and judgment, they respond to market forces not with blind emotion but with calculated reason.
– Seth Klarman, Margin of Safety
published April 22, 2014
posted in Sharing Value
“Value stocks are about as exciting as watching grass grow. But have you ever noticed how much your grass grows in a week?”
– Christopher H. Browne
published April 2014
posted in Insights
Commodity Cycle, Epilogue or Sequel?
The TSX is the most resource intensive of the major markets in the world. Today, the combination of the Energy and Materials sectors sums to 38% of the benchmark and thus has a significant impact on our market and returns.
published March 2014
posted in operations
Nina Berlin
Nina joined Sionna in 2013 as Executive Assistant to the President and Chief Investment Officer. In 2019, she assumed her current role as Associate, Operations, taking on more responsibility in the areas of facilities management, human resources and finance. Prior to joining the firm, she spent nine years at Canderel Management, where she provided administrative support to members of the senior management team. Nina has successfully completed both the Leadership in Administration and the Excellence in Administration professional development programs through Rotman School of Management.
published March 2014
posted in operations
Chauntay Claxton
Chauntay joined Sionna in 2007 as part of the relationship management team, and has been taking on greater responsibility throughout the firm. Chauntay has been focused on compliance since 2015, and in 2023 she assumed her current role as Director, Compliance on the operations team supporting the Chief Compliance Officer. Chauntay has completed the Osgoode Certificate in Regulatory Compliance and Legal Risk Management for Financial Institutions.
published March 2014
posted in investment
Gary Chow
Gary joined Sionna in 2014 and is a Portfolio Manager. He is the lead Portfolio Manager for the firm’s focused dividend strategy. Prior to joining Sionna, he was a Generalist at RBC Wealth Management and worked at RBC Capital Markets and Deloitte Consulting. Gary earned his MBA from the Rotman School of Management and both his Honours Business Administration and Bachelor of Engineering Science from the University of Western Ontario. He is a CFA® charterholder and a member of CFA Society Toronto.
published January 2014
posted in Insights
Focus on Fundamentals, Not Fuzzy Forecasts
The question of what happens when interest rates rise is one that has no clear answer. Many investors are trying to understand the impact of a rising rate environment on the equity markets so they can invest accordingly.
published November 2013
posted in investment
Kim Shannon
Kim founded Sionna, one of the largest independent investment firms led by a woman, in 2002. Kim is the lead Portfolio Manager on Sionna's large cap, all cap and focused Canadian value strategies and co-lead on Sionna's high conviction strategy. Since joining the industry in 1983, she has received numerous awards, including Morningstar Fund Manager of the Year (2005), the RBC Canadian Woman Entrepreneur Award (2007), Canada’s Most Powerful Women: Top 100 Award (2007, 2017), the Rotman Women in Management Association Top 10 Award (Entrepreneur Category, 2015) and the Rotman Alumni Lifetime Achievement Award (2021). Kim was also inducted into the IIAC Investment Industry Hall of Fame in 2022. Kim is a Fellow of the Royal Canadian Geographical Society, and is on the board for the Brandes Institute, Ontario Arts Foundation and United Corporation. She is also a member of the CFA Institute Board of Regents (previously served as its chair) and is a past President of the CFA Society Toronto. Kim previously served as a board member with the Canadian Coalition for Good Governance and served as Chair of its Governance Committee. Kim was amongst a select group of industry experts to present at the 2020 Columbia Business School’s “From Graham to Buffett and Beyond” Omaha Panel. Kim also co-hosted the female-led Variant Perspectives Value Investing Conference in 2019, which featured Warren Buffett as a keynote speaker.