MONTREAL, April 29, 2015 /CNW Telbec/ - Parade Street Investments, a product offering of Pier 21 Asset Management Inc. (Pier 21) is pleased to announce that Northcape Capital Pty Ltd.'s (Northcape) concentrated portfolio of high quality global emerging market companies is now available to Canadian institutional investors.
This exclusive relationship will allow Parade Street Investments to offer institutional investors access to Northcape's Global Emerging Markets strategy as a segregated account, and through a Canadian-domiciled pooled fund trust.
"It is exciting to add a firm of Northcape's calibre to the Parade Street Investments platform" said Pierre Collins, senior vice president and general manager of Parade Street Investments. "Canadian institutional investors are becoming increasingly aware of the growth potential and investment opportunity offered by emerging markets, and now have access to a high-active share, benchmark-agnostic and risk-controlled solution."
Patrick Russel, director of Northcape and Emerging Markets, added that "We are very pleased that our strategy is now available to Canadian investors via our relationship with Pier 21 through its Parade Street investment platform". "This partnership allows us to focus on what we do best, manage money, while Parade Street will be responsible for marketing, client service and other business responsibilities in Canada."
Launched in July 2008, Northcape's Emerging Markets strategy has compounded at an annual rate of 12.6% (in CAD) since inception, outperforming its benchmarks and peer group median by a wide margin while maintaining a very impressive risk profile with top quartile rankings for beta, volatility and downside market capture.
The dedicated five-person Emerging Markets team is supported by Northcape's broader equity team, consisting of ten portfolio managers and analysts. The Emerging Markets team manages only one strategy, and is thus focused on searching the globe looking for 15 to 40 stocks that meet all of their rigourous selection criteria.
Collins believes Northcape has all the key characteristics that institutional investors expect: transparency, systems, risk controls and a clear and repeatable process. They are well-established, have a strong and focused team, and build high-conviction portfolios, all of which has led to a remarkable track record.
About Parade Street Investments
Parade Street Investments is a proprietary investment offering of Pier 21 Asset Management Inc. Based in Montreal, Pier 21 offers international and global investment strategies to institutional investors in Canada through exclusive sub-advisory relationships with select foreign-based investment managers. Pier 21 is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager in various jurisdictions across Canada, and has CAD$3.8 billion in assets under management. Pier 21 has been committed to offering unparalleled access, choice and global solutions to the institutional marketplace since 2005.
About Northcape Capital
Founded in 2005, Northcape Capital is an independent investment management firm, owned and operated by its employees. Operating out of offices in Sydney and Melbourne, Australia, as well as Tokyo, Japan, Northcape manages CAD$8.4 billion, including CAD$1.0 billion in global emerging markets equities. Their investment philosophy is to align client interests with a select number of high quality companies capable of long term wealth creation, at relatively attractive valuations.
SOURCE Pier 21 Asset Management Inc.
For further information: David M. Star, President & CEO, Pier 21 Asset Management Inc., +1 514-397-4027, [email protected]; Pierre Collins, Senior Vice President and General Manager, Parade Street Investments, +1 514-397-4026, [email protected]