External Investment Managers

All external investment managers engaged by UTAM with more than CAD $1 million invested in aggregate on behalf of UTAM's clients are listed on this page, with the exception of a small number of investment managers that have requested that their names not be disclosed.

For “core” managers (generally managers with larger allocations) we have provided the location of the manager’s main office/headquarters, the date of UTAM’s first investment, and a description of the manager as provided by the manager. All other managers have been listed at the bottom of the page without any additional information.

AS OF JULY 1, 2018

AQR

Location: United States

Date of First Investment: 2017

Founded in 1998, AQR is a global investment management firm built at the intersection of financial theory and practical application. The firm strives to deliver superior, long-term results for clients by looking past market noise to identify and isolate what matters most, and by developing ideas that stand up to rigorous testing.

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Arbour Lane Capital Management

Location: United States

Date of First Investment: 2018

Founded in 2016, Arbour Lane Capital Management is a private registered investment advisor focused primarily on opportunistic credit and special situation investments.

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Ares Management

Location: United States

Date of First Investment: 2013

Founded in 1997, Ares is a publicly traded, global alternative asset manager. Ares seeks to deliver attractive performance to its investor base across its investment groups and strategies, including credit, private equity and real estate.

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Arrowstreet Capital

Location: United States

Date of First Investment: 2012

Founded in 1999, Arrowstreet invests in public equity securities globally using a systematic investment process. Arrowstreet believes that markets are inefficient, and that a well-conceived investment process can generate superior risk adjusted returns.  Furthermore, Arrowstreet believes that for information to be applicable in an active investment process it must be both relevant to share prices and slowly reflected in share prices.

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Artisan Partners

Location: United States

Date of First Investment: 2012

Founded in 1994, Artisan is a global investment management firm that provides a broad range of value-added investment strategies in growing asset classes to clients around the world. The firm is committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan’s autonomous investment teams oversee a range of investment strategies across multiple asset classes.

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Atalaya Capital Management

Location: United States

Date of First Investment: 2013

Founded in 2006, Atalaya focuses on making credit and special situation investments in three principal asset classes: real estate, corporate, and specialty finance.

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Bayview Asset Management

Location: United States

Date of First Investment: 2014

Founded in 1993, Bayview is a mortgage investment firm focused on investments in mortgage credit, including whole loans, mortgage-backed securities, mortgage servicing rights, and mortgage-related equities.

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Beacon Capital Partners

Location: United States

Date of First Investment: 2017

Founded in 1998, Beacon is a private real estate investment firm focused on real estate development, ownership and management. Beacon invests in high-quality office properties in core urban markets in the US with highly-educated workforces. Beacon’s approach transforms these properties for today’s tenants.

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BlackRock

Location: United States

Date of First Investment: 2000

Founded in 1988, BlackRock is a global provider of investment management, risk management and advisory services for institutional and retail clients.

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Bridgewater Associates

Location: United States

Date of First Investment: 2010

Founded in 1975, Bridgewater is focused on understanding how the world works. The firm has built a strong long-term track record by having a deep understanding of the global economy and financial markets, and translating that understanding into investment portfolios.

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Brookfield Asset Management

Location: Canada

Date of First Investment: 2014

Founded in 1899, Brookfield is a global alternative asset manager, focused on investing in long-life, high-quality assets across real estate, infrastructure, and private equity. Brookfield’s investments include a portfolio of office properties, an infrastructure business, and a pure-play renewable power business.

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Burgundy Asset Management

Location: Canada

Date of First Investment: 2001

Founded in 1990, Burgundy follows an independent, research-driven investment approach that involves the study of companies with first-rate economics run by capable and honest management. Burgundy invests in such companies when it believes these companies are offered at a significant discount to its estimate of their true value. By following this discipline, Burgundy believes it can focus on its primary objective which is to protect and build its clients’ wealth.

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Capital Fund Management

Location: France

Date of First Investment: 2011

Founded in 1991, Capital Fund Management is an investment management firm whose strategies are based on a quantitative and systematic approach to financial markets. Their culture blends a mixture of the scientific backgrounds of researchers and IT engineers, supported by the firm’s corporate team.

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Cevian Capital

Location: Sweden

Date of First Investment: 2012

Founded in 2002, Cevian is a European focused activist equity manager that takes a long-term and operational approach to unlock and create value in a concentrated portfolio of companies.

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Citadel

Location: United States

Date of First Investment: 2011

Founded in 1990, Citadel is a global investment firm built around investment talent, risk management and technology. For a quarter of a century, Citadel’s strategies have delivered meaningful and measurable results to top-tier investors around the world.

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Conundrum Capital Corporation

Location: Canada

Date of First Investment: 2007

Founded in 2000, Conundrum targets under-valued and under-performing real estate assets in select markets across Canada. The firm employs strategic capital improvements and professional asset and property management to enhance cash flows and increase value, enabling the profitable disposition of assets.

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CRG

Location: United States

Date of First Investment: 2016

Founded in 2003, CRG is a healthcare-focused investment firm. CRG provides growth capital in the form of long-term debt and equity to support innovative, commercial-stage healthcare companies that address large, unmet medical needs. The firm invests across the healthcare spectrum, including: medical devices, biopharmaceuticals, tools & diagnostics, services and information technology.

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Egerton Capital

Location: United Kingdom

Date of First Investment: 2017

Founded in 1994, Egerton is an independent investment management firm that manages two strategies (equity long/short and equity long-only) for a diversified client base. Egerton employs a fundamental, bottom-up, research-intensive approach to stock selection. The firm’s investment objective is to achieve attractive risk-adjusted returns over time well in excess of equity market indices by adding significant value through stock selection. The investment universe is liquid, large-cap equities and the portfolio is invested across all major geographies, sectors and industry groups.

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Elm Park Capital Management

Location: United States

Date of First Investment: 2011

Founded in 2010, Elm Park is a private debt investment firm that seeks to be an alternative capital provider for lower middle market companies and private equity firms requiring a creative partner for acquisitions, growth, re-financings, recapitalizations, and other special situations. Elm Park focuses on companies who cannot access capital from traditional financing sources due to size, industry challenges, or capital structure complexity.

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Fiera Capital

Location: Canada

Date of First Investment: 2013

Founded in 2002, Fiera is an independent asset management firm.  The firm offers clients integrated portfolio-management solutions that span a broad array of traditional and alternative asset classes.

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FPA

Location: United States

Date of First Investment: 2017

FPA is an independent institutional money management firm, employing a disciplined approach to value investing, prudently seeking superior long-term returns while maintaining a focus on capital preservation.

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Graticule Asset Management Asia

Location: Singapore

Date of First Investment: 2014

Founded in 2014, Graticule is a global alternative asset manager founded by Adam Levinson. Graticule manages alternative investment strategies that pursue strong risk-adjusted returns surrounding distinctive, Asia–related macroeconomic themes.

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Hayfin Capital Management

Location: United Kingdom

Date of First Investment: 2013

Founded in 2009, Hayfin is a private credit platform in Europe. Hayfin’s investment team specializes in sourcing, structuring and managing private credit investments.

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Indus Capital Partners

Location: United States

Date of First Investment: 2013

Founded in 2000, Indus is an employee-owned international alternative investment management firm, offering long/short and long-only equity strategies investing primarily in the Asia Pacific region.

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Lansdowne Partners

Location: United Kingdom

Date of First Investment: 2017

Founded in 1998, Lansdowne’s investment philosophy is predicated on generating consistent, absolute risk-adjusted returns, through the use of exceptional investment talent within a leading-edge operational infrastructure. Central to the firm’s investment philosophy is a rigorous process of fundamental research. The research process includes meeting with company management, as well as analysis of publicly available information and proprietary and independent research.

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Marshall Wace

Location: United Kingdom

Date of First Investment: 2012

Founded in 1997, Marshall Wace is a global alternative investment manager specializing in long/short equity strategies. Marshall Wace combines fundamental investing with systematic and quantitative strategies to deliver returns from a range of investment solutions.

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Numeric Investors

Location: United States

Date of First Investment: 2015

Founded in 1989, Numeric follows a fundamentally driven, quantitative investment approach and offers long-only, active extension and hedged equity strategies across regions, styles and capitalizations.

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Origami Capital Partners

Location: United States

Date of First Investment: 2016

Founded in 2008, Origami is focused on acquiring private assets trapped in complex structures, providing patient, flexible solutions to owners who are seeking liquidity. The firm invests globally, but focusses primarily on assets in North America and Europe.

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OZ Management

Location: United States

Date of First Investment: 2008

Founded in 1994, OZ provides asset management services to investors globally through its multi-strategy funds, dedicated credit funds, real estate funds and other alternative investment vehicles. OZ seeks to generate consistent, positive, absolute returns across market cycles, with low volatility compared to the broader markets, and with an emphasis on preservation of capital.

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PAG

Location: China (Hong Kong)

Date of First Investment: 2012

Founded in 2002, PAG is one of Asia’s largest alternative investment firms. PAG is focused on private equity, real estate, absolute return and private debt strategies.

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Picton Mahoney

Location: Canada

Date of First Investment: 2012

Founded in 2004, Picton Mahoney is an employee-owned portfolio management organization. The firm’s underlying investment process blends the strengths of independent quantitative and fundamental platforms.

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Prince Street Capital Management, LLC

Location: United States

Date of First Investment: 2018

Founded in 2001, Prince Street is focused on generating risk-adjusted returns primarily through investing in global emerging and frontier markets equities.  The investment process combines top-down macro and bottom-up fundamental views. The Prince Street team has extensive experience living, working and traveling in the markets in which they invest, and includes research based out of New York, Singapore, São Paulo and Hong Kong.

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RP Investment Advisors

Location: Canada

Date of First Investment: 2011

Founded in 2009, RP is an alternative fixed income manager specializing in corporate bonds and active interest-rate risk management. The firm seeks to generate positive returns in all markets with a focus on long-term capital preservation and growth.

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RWC Partners

Location: United Kingdom

Date of First Investment: 2017

Founded in 2000, RWC is an independent investment manager. RWC believes that its fund managers should have investment autonomy, be focused on real risks and target strong total returns over the long-term. Portfolio managers have full accountability for their decisions in an environment which ensures they are well-supported and focused on their investment process.

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Shoreline Capital

Location: China

Date of First Investment: 2015

Founded in 2004, Shoreline is a fund manager specializing in Chinese distressed/special situations investments.

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Springs Capital

Location: China

Date of First Investment: 2016

Founded in 2007, Springs is an alternative investment manager that specializes in investing in Chinese listed companies. The firm’s investment style is contrarian bottom-up stock picking based on rigorous research in out-of-favor sectors. The firm typically runs a concentrated portfolio of high conviction names.

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StepStone

Location: United States

Date of First Investment: 2016

Founded in 2006, StepStone is a private markets firm that creates customized portfolios using a disciplined, research-focused approach that integrates primaries, secondaries, and co-investments across private market asset classes.

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TD Asset Management

Location: Canada

Date of First Investment: 2009

Founded in 1987, TD Asset Management, a member of TD Bank Group, is an investment management firm that offers investment solutions to corporations, pension funds, endowments, foundations and individual investors.

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The Catalyst Capital Group

Location: Canada

Date of First Investment: 2007

Founded in 2002, Catalyst is a Canadian private equity investment firm. Catalyst specializes in control and/or influence investments primarily in distressed and undervalued Canadian situations. The Catalyst team collectively possesses considerable experience in restructuring, credit markets and merchant and investment banking in both the U.S. and Canada.

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Trustbridge Partners

Location: China

Date of First Investment: 2017

Founded in 2006, Trustbridge is a growth equity investor that seeks to develop a fundamental understanding of long-term trends in society, consumer behaviour, and technology. The firm focuses on high-quality growth opportunities in China within the TMT, consumer, and healthcare sectors, where they believe their experience and industry relationships generate unique insights and give their portfolio companies a competitive edge.

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Tybourne Capital Management

Location: China (Hong Kong)

Date of First Investment: 2017

Founded in 2011, Tybourne is an independent investment firm that employs a fundamental, research-driven approach across equity long-short and equity long-only strategies. Tybourne invests globally, with a focus in Asia, and on four sectors: Consumer, Financials, Industrials and TMT.

Advent International

Black Diamond Capital Management

Blackstone

Centerbridge Partners

Cinven Limited

Crestline Management

Darby Private Equity

Energy Capital Partners

Europa Capital

Fenway Partners

Global Infrastructure Partners

Goldman Sachs Asset Management

Knightsbridge Advisers

Kohlberg Kravis Roberts & Co.

Madison Dearborn Partners

MBK Partners

Morgan Stanley Infrastructure

Oaktree Capital Management

Onex Partners

Pantheon

Pioneer Investments

Rhone Group

Russell Investments

Sanderling Venture Partners

Soroban Capital Partners

Tech Capital Partners

Tourbillion Capital Partners

Treesdale Partners

Tricon Capital Group

Ventures West Capital

W.L. Ross & Co

Wolfensohn Fund Management