At the helm of each FÉRIQUE Fund is a nationally or internationally renowned investment manager hand-picked by FÉRIQUE Fund Management.  


FÉRIQUE Fund managers are carefully chosen after a rigorous selection process based on their asset class expertise. In addition, an internal monitoring process assures investors that manager selection remains in compliance with Fund policies and objectives.

The following investment management firms have been appointed by FÉRIQUE fund management: 

Addenda Capital manages investment assets on behalf of pensions, insurance and other institutions as well as high net worth clients. Their approach to sustainable investment focuses on integrating environmental, social and governance issues into our investment processes. Their mission is to add value through independent research, active management, innovation, discipline and integrity and to nurture genuine partnerships with our clients. With offices in Montréal, Guelph, Toronto and Regina, with a team of more than 50 investment professionals, Addenda Capital offers tailor-made portfolios using a broad range of asset classes and strategies.

Addenda and its sub-advisor Allianz Global Investors are involved in the management of the Diversified Income Fund. Allianz Global Investors is a leading active fixed income investment manager with offices across the world. The firm has over 1000 employees and manages assets totaling over € 498 billion.

Founded in 1998, Impax Asset Management (“Impax”) is a specialist asset manager focused on investing in the transition to a more sustainable global economy. As of September 30, 2020, Impax’s total assets under management and advice was C$34.7 billion. Impax believes that fundamental analysis that incorporates long-term risks, including environmental, social and governance (ESG) factors, enhances investment decisions. Across investment portfolios, Impax seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk.

Baker Gilmore & Associates Inc.


FÉRIQUE Funds under management:
FÉRIQUE Canadian Bond

Baker Gilmore & Associates Inc. (Baker Gilmore) is one of Canada's largest specialty fixed income managers with over $4.5 billion in assets under management. Founded in 1988, the Montreal-based firm has established a long track record of adding value across a wide range of mandates for variety of clients, including mutual funds, pension funds, insurance companies, corporations and non-profit institutions.

Baker Gilmore’s primary goal is to provide superior investment performance and service to its clients. The firm’s investment approach combines fundamentally driven, subjective forecasts of the key factors driving bond market returns with a rigorous portfolio construction process to meet client risk and return objectives.

BMO Global Asset Management is a multi-asset management business focused on meeting the needs of investors, both locally and globally. The business is characterized by specialized, regional investment teams providing a range of investment solutions, with the objective of delivering world-class investment management expertise to clients across North America, Europe, Asia/Pacific and the Middle East. 

Its heritage in asset management spans back 150 years – a century and a half in which the world and investment landscape have transformed and continue to evolve. During that time, it has strived to constantly reassess and reappraise the needs of its clients and develop innovative and relevant solutions to help them meet their objectives.

The strategies it applies today demonstrate its commitment to offering new ideas and fresh perspectives. These include a host of outcome-focused solutions, pioneering capabilities and long-standing success stories like the world’s first publicly quoted investment vehicle that it still manages today.

CIBC Asset Management Inc.


FÉRIQUE Funds under management:
FÉRIQUE Short-term Income

CIBC Asset Management Inc. (CIBC) is a Canadian-based investment firm which offers a broad range of investment solutions within and across asset classes. The firm has more than 35 years of experience managing investment mandates. CIBC was founded in 1972 and began offering services to institutional clients in 1973.

The firm firm has more than 225 institutional customers representing over  $55 billion in assets under management, including pension plans, endowments, foundations, and sub-advisory arrangements (such as mutual funds) with other financial institutions. 

CIBC manages the FÉRIQUE Short-Term Income Fund, seeking to add value primarily through bank and short-term corporate credit securities.

Columbia Threadneedle Investments manages investments for institutions, pension funds, sovereign wealth funds and endowments and foundations. Together, their clients have entrusted them with $498 billion U.S dollars as at September 30, 2020.* Their reach is expansive, with a global team of 2,000 people working together, including more than 450 investment professionals sharing global perspectives across all major asset classes and markets as well as bespoke solutions matched to clients’ specific requirements.

Columbia Threadneedle Investments has been a sub-adviser on the FÉRIQUE American Equity Fund  since May 1, 2013 and manages between 65% and 80% of it. The fund targets long-term capital appreciation with a strategy that invests primarily in large-cap U.S. companies that have fallen out of favor but remain fundamentally strong.

* Source: Ameriprise Q3 Earnings Release

Vancouver-based Connor, Clark & Lunn Investment Management (“CC&L”) was established in 1982 and has grown to be one of Canada’s largest privately owned money management firms. The firm offers a diverse array of investment solutions including fixed income, equity (fundamental and quantitative), balanced and alternative investment strategies. As at March 31, 2015, assets under management totalled approximately $36 billion.

CC&L is part of the Connor, Clark & Lunn Financial Group Ltd. (“CC&L Financial Group”), a multi-boutique asset management company that provides a broad range of public and private market investment services. The CC&L Financial Group and its affiliates are collectively responsible for the management of approximately $60 billion in assets.

Franklin Templeton Investments Corp. is a Canadian subsidiary of Franklin Resources, Inc. [NYSE:BEN]. Franklin Resources, Inc. is a global investment management organization operating as Franklin Templeton Investments, which provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes—including equity, fixed income, alternative and custom solutions.


The company’s more than 650 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in over 30 countries, the California-based company has 70 years of investment experience and over US$740 billion (over C$984 billion) in assets under management as of March 31, 2017.

Founded in 1998, Impax Asset Management (“Impax”) is a specialist asset manager focused on investing in the transition to a more sustainable global economy. As of September 30, 2020, Impax’s total assets under management and advice was C$34.7 billion. Impax believes that fundamental analysis that incorporates long-term risks, including environmental, social and governance (ESG) factors, enhances investment decisions. Across investment portfolios, Impax seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk.

Lazard, one of the world's preeminent financial advisory and asset management firms, operates from 40 cities across 26 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating back to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services. Lazard Asset Management (LAM), an indirect subsidiary of Lazard Ltd, provides investment management and advisory services to institutional clients, financial intermediaries, private clients and investment vehicles around the world. As of September 30, 2020 LAM and affiliated asset management companies in the Lazard Group managed Euro$173 billion worth of client assets.

Lazard manages between 50 and 70% of the FÉRIQUE European Equity Fund using a diversified management style, selecting securities of companies that have a high and sustainable long-term return on investment, combined with an interesting valuation in relation to securities of other companies.

Lincluden Investment Management has provided discretionary investment management for institutional and private clients since 1982. It employs value-based investment principles across a range of equity, fixed income and balanced portfolios. Lincluden has been successful for more than 30 years as a result of superior security selection, effective risk management, diligent research and a rigorous portfolio management process.


Lincluden Investment Management is a private company held by the firm’s key employees and strategic partner Morguard. Lincluden is an independently operated entity whose corporate decisions are made by the firm’s principals. This partnership gives it a solid foundation for growth and stability, and its employee-owned structure ensures that it attracts and retains the talent that will lead to continued success.  

Nomura Asset Management U.S.A. Inc.


FÉRIQUE Funds under management:
FÉRIQUE Asian Equity

Nomura was founded in 1959 to meet the growing demand for investment funds in Japan. Today, the firm is active worldwide and serves large institutional and individual clients—managing over $200 billion in total assets.

Nomura actively manages the FÉRIQUE Asian Equity Fund, taking a diversified approach to fundamental analysis. Nomura seeks to invest in undervalued securities with compelling fundamentals.

River Road is a respected U.S. investment manager based in Louisville, Kentucky. The firm works with close to 150 institutional clients, and its assets under management total approximately CA$5 billion. 

Representing 35% of the FÉRIQUE American EquityFund’s total assets, the portfolio is invested in a diversified selection of all capitalization, income producing securities. The portfolio adviser uses a value-driven, bottom-up approach to identify companies that pay high and growing dividends, are financially strong, are trading below their absolute value, have an attractive business model, and have shareholder-oriented management. 

River Road Asset Management, LLC is involved in the management of the FÉRIQUE American Equity Fund since September 29, 2011, the first three years as sub-advisor of Aviva Investors Canada Inc., and now as portfolio manager since September 29, 2014.

Walter Scott

Walter Scott

FÉRIQUE Funds under management:
FÉRIQUE European Equity

Walter Scott was established in 1983 to manage bespoke equity portfolios for institutions around the world. Based in Edinburgh, Scotland, with a client service presence in Boston, MA, the firm has US$81 billion in assets under management as at 30th September 2020. Since 2006, Walter Scott has been a non-bank subsidiary of BNY Mellon, operating independently within its investment management structure.

Walter Scott manages between 30 and 50% of the FÉRIQUE European Equity Fund. Its investment philosophy is defined as a low turnover bottom-up stock selection process, without reference to benchmarks, which aims to identify mainly large cap companies capable of sustaining and compounding high rates of internal wealth creation over the long term.

Founded in 1928, Wellington Management Company, LLC is one of the largest private investment managers in the world. The company focuses exclusively on managing investments, from global equity to fixed-income securities, through hedge funds, currency and commodity portfolios. Its professionals’ know-how has earned the firm a solid reputation for discipline and skill.  Its independent research work, carried out by a group of seasoned analysts, is the cornerstone of its approaches to management.