Kames Capital has won a sub-advisory global equity mandate for Canoe Financial, one of Canada’s fastest growing mutual fund companies.
The mandate will see Kames Capital appointed sub-adviser on the CAD51 million Canoe Global All Cap Portfolio Class. The portfolio will be managed by Craig Bonthron and Neil Goddin from Kames’ global equity team.
Founded in 2008, Canoe Financial has over CAD4.8 billion in assets across a range of diversified mutual funds. Based in Calgary it has offices in Montreal, Ottawa, Toronto, Vancouver and Winnipeg.
Canoe Financial President & CEO Darcy Hulston says: “Canoe is a firm that takes pride in our active management and high conviction portfolios. Kames Capital are true stock-pickers and they offer a product that complements our line-up. Our exclusive relationship with Kames will provide Canadian investors with a flexible and differentiated solution in a crowded global equity space.”
Martin Davis, CEO of Kames Capital and Head of Europe for Aegon Asset Management, adds: “We are delighted to have been appointed by Canoe Financial. This is a major milestone in our business and comes less than a year after Kames first entered the North American institutional investment market. Global equities is a strategically important area for the firm and one in which we have a growing reputation that reflects our stable and experienced team, distinctive investment approach and exceptional performance.”
