Last month, three legendary Canadian investors were inducted into the Investing Industry Association of Canada’s Hall of Fame, including Kim Shannon. Kim started her investing career in 1983. A trailblazer on the Canadian investment scene, she went on to found Sionna Investment Managers in 2002 and built it into one of the largest female-led independent investment firms in the country.
Kim Shannon, CFA, MBA
Founder and Co-Chief Investment Officer
We likely would all agree that a great stock pick is one that demonstrates above-average expected returns, which compensates for any perceived risk taken. However, in a declining market, investors tend to have more aversion to possible risks than usual. But does that loss-aversion instinct serve investors well? As contrarian value investors, we are trained that opportunities lie “where dragons are” and that buying when fears are rampant, especially because of ephemeral risks, is often where big opportunities can be found.
The year 2022 is shaping up to be one that many investors would like to forget, given the volatility and negative performance of equity and fixed income markets. With the declines witnessed to date, many investors are asking, “Are we there yet?”.
Sionna’s Founder and Co-CIO, Kim Shannon, discusses our conviction in the value style of investing, Sionna's recent outperformance and highlights a few value opportunities in today’s market.
Kim Shannon discusses historical inflation and P/E multiples compared to those we are seeing today.
Liujian joined Sionna in 2022 and is an Associate, Portfolio Operations and Junior Trader. He first joined the industry in 2017, and prior to joining Sionna was an Analyst at TD Asset Management. Liujian earned his Master’s degree in Finance from McMaster University, holds the Certified Financial Risk Manager (FRM®) designation and is a CFA® charterholder.
Recent actions in the global financial and economic landscape suggest that a regime change may be upon us. Today’s change centers around inflation and interest rates but could also be extended to wider issues such as deglobalization and decarbonization. The focus of this piece will be on regime change as it pertains to financial markets.
Kim Shannon, CFA, MBA
Founder and Co-Chief Investment Officer
Portfolio Manager, Aleksy Wojcik, discusses how the recent events surrounding the Russia/Ukraine conflict may be shifting the mindsets of global policy makers from an idealistic approach (ESG 1.0) to a realistic approach (ESG 2.0) that will better serve the global community.