Stephen Mitchell is to join Foyston, Gordon & Payne (FGP) on 7 September, assuming portfolio management responsibility for the firm’s global and international equity mandates.
Andrew Fernow has left the firm, effective 30 August, to pursue other interests.
“We are delighted to welcome Stephen to FGP,” says Bryan Pilsworth, FGP’s president and portfolio manager – Canadian equities. “With over two decades of value investing experience, he has delivered strong and consistent investment performance and has built a reputation as a disciplined and thorough investment analyst and an exceptional portfolio manager.
“Our goal at FGP is to deliver industry-leading investment solutions to our clients, and we are confident that Stephen will help us achieve this objective in global equities.”
Mitchell was most recently Burgundy Asset Management’s portfolio manager for global and US large capitalisation equity funds, which he managed for nearly 10 years. Under Mitchell’s leadership, Burgundy was named the 2016 Global Value Equity Manager of the Year by the New York-based Institutional Investor magazine.
“I am excited about joining FGP. This is a tremendous opportunity for me to apply what I have learned over the last two decades in a like-minded investment company that is focused on owning high-quality companies that are trading at discounts to intrinsic value,” says Mitchell.
In addition to his responsibilities in global and US equities, Mitchell also served as the portfolio manager for the European equity, EAFE, balanced income and bond funds over the course of his 23 years with Burgundy.