Staff
In 2013, RBC Global Asset Management was the team with the highest TopGun ranking in the country, according to Brendan Wood International. The top team is led by Daniel Chornous.
This rest of Canada’s TopGun teams, ranked in order of importance, are as follows:
- Caisse de dépôt et placement du Québec, led by Roland Lescure
- Connor, Clark & Lunn Investment Management, led by Larry Lunn
- CI Investments, led by Eric Bushell
- Fiera Capital, led by Jean-Guy Desjardins
- GCIC, led by Oscar Belaiche
- Mackenzie Investments, led by Tony Elavia
- Sentry Investments, led by Dennis Mitchell
- Pyramis Global Advisors, led by Andrew Marchese
- Leith Wheeler, led by Bill Dye
And these are the key investment issues, according to Brendan Wood International:
- Money managers are getting tougher on Canadian issuers, demanding greater sector competitiveness and accountability. The bar has definitely risen in governance and leadership.
- Canadian issuers can’t rely on familiarity and relationships in local investment circles because they’re increasingly rated against global competitors. This trend means even advertized Canada funds are likely to be closer to the 51% Canadian content requirement with the balance spread across several jurisdictions.
- The local focus of the Canadian dealer community is beginning to weigh heavily on its relevance to the asset management commission budget. Quite simply, Canadian money managers are becoming sophisticated global shoppers, and local boutiques focused on Canada-only stocks are positioned to obtain less allocation in the process.
- Canadian investors continue to see many more foreign names in their portfolios. For their part, some Canadian dealers may consolidate to withstand the effects of market shrinkage or merge with more international players, but the biggest change on the horizon is the increased pressure on Canadian corporations to reach out for international investors.
A version of this story originally appeared on our sister publication, Advisor.ca.