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Emerson Savage

Emerson Savage is an Associate Institutional Portfolio Manager at Louisbourg Investments. Emerson joined the firm in 2016 after working in corporate finance at a multinational conglomerate. In his role, Emerson helps lead institutional relationship management, guiding investment policy and asset allocation decisions for the firm’s pension, insurance, endowment, and foundation clients. Emerson also helps lead content generation and marketing efforts at the firm, having written in the past on issues such as stock buybacks and quantitative investment management. He holds accounting and finance degrees from the University of New Brunswick.

After years of relatively stable appreciation in global fixed-income and equity markets, investors were thrust into dramatic turbulence in the first quarter of 2020, as COVID-19 sent shockwaves through markets. From Feb. 20 to March 23, the S&P/TSX Composite Total Return Index lost 37.20 per cent of its value in a mere 22 trading days, […]

  • December 17, 2020 February 5, 2021
  • 10:04

During and after the market crash of this year’s first quarter, retail traders flocked to the various commission-free online brokerages in droves. These traders began to aggressively trade stocks. Pundits and market participants alike have claimed that these new entrants into the market have caused extreme volatility in certain stocks and some even claim that […]

  • August 31, 2020 December 6, 2020
  • 08:40

A value approach to investing has yielded great benefits in the past. Though there are often semantics around what constitutes value investing, it can be described as buying securities that are cheap using some metric in hope of outperformance. Beyond value, investment managers may also choose to work in the small-cap space, buying companies below […]

  • May 11, 2020 December 6, 2020
  • 08:25

As alternative asset classes continue to be a major area of interest for institutional investors, considering the benefits and drawbacks of real estate as an allocation is an important exercise. In Canada, real estate, particularly residential, in core metropolitan areas has been an area of major investor and media interest as property values have skyrocketed. […]

  • February 26, 2020 December 13, 2020
  • 06:17

The WeWork saga has been ever-present in financial headlines in recent months. The brief version of the story can be summarized in a few steps: WeWork, a company involved in subleasing buildings had been raising venture money in the private markets with valuations as high as $47 billion. One of its main investors was the […]

  • December 19, 2019 December 13, 2020
  • 07:42

A key theme in Canadian institutional investing has been a prolonged period of low and declining interest rates. As many institutions maintain a substantial domestic fixed income allocation to meet objectives, total expected portfolio returns have been lower recently compared to much of history. The investment industry developed a potential remedy to this issue, one […]

  • September 3, 2019 January 6, 2021
  • 08:31

In the world of pensions, endowments and foundations, members of governing boards and investment committees are trusted with oversight of pools of capital with significant influence over people’s lives. Formal governance frameworks provide critical references for fiduciaries helping to steward capital for these organizations. The CFA Institute Research Foundation released a paper this April on […]

  • July 17, 2019 January 9, 2021
  • 09:59

Asset managers often use complex approaches when stewarding the capital of their clients. Consider a discretionary active manager seeking to gain an edge: The manager may hope to get some large overarching qualitative question correct, such as does Company X have a long-term sustainable competitive advantage that will allow it to compound capital at an […]

  • April 11, 2019 January 10, 2021
  • 08:23

One of the difficult parts of operating as an institutional investor is choosing a roster of external managers. It’s particularly hard if your institution hasn’t clearly established the purpose of using a given investment strategy in the first place. Let’s consider hedge funds. One prominent U.S. hedge fund in particular achieved net returns of 3.7 […]

  • March 15, 2019 January 12, 2021
  • 09:18