MONTREAL, Sept. 9, 2014 /CNW/ - Pier 21 Asset Management Inc. is pleased to announce the launch of Parade Street Investments. This new investment offering will be home to select and exclusive global sub-advisers, representing an expansion of the Pier 21 footprint.
Since its inception in 2005, Pier 21 has grown to three billion dollars in assets under management with its original suite of sub-advisers. The Firm's value proposition is to offer a greater range of complementary global strategies to institutional investors. Pier 21 was built on the belief that opportunity to add value comes from diversified sources of alpha, from diversified sources of managers using diversified sources of research; and that no single investment style is better than another. Any manager who can demonstrate skill, a well-defined investment process, and can deliver consistent performance over the long term adds value by definition.
Pier 21 remains committed to this belief. Parade Street Investments will facilitate a continued focus: on operational excellence, depth of product knowledge and dedicated service to the institutional marketplace with an additional suite of exclusive sub-advisers.
"It takes great depth of understanding, keen oversight and diligent focus to undertake these exclusive relationships with sub-advisers," explains David Star, President and CEO of Pier 21 Asset Management. "Of course we take this responsibility seriously, and want our business model to reflect our commitment to these relationships."
The new offering will be developed under the guidance of Pierre Collins, CPA, CA, CFA who joined Pier 21 as Senior Vice President and General Manager of Parade Street Investments on August 11th. Pierre's seasoned experience as an institutional consultant particularly qualifies him to select and oversee sub-advisory partnerships, as well as to introduce these offerings to Canadian institutional investors.
Parade Street Investment's first partnership is with London-based global equity specialists, Taube Hodson Stonex Partners LLP (THS Partners). Established in 1997, this independent boutique's 'Global Compare and Contrast' approach delivers a benchmark-agnostic portfolio of approximately 70 of the best and cheapest developed market, all-capitalization stocks across 15 growth themes. THS Partners was named Global Equity Manager of the Year and European Equity Manager of the Year at the Global Investor Investment Excellence Awards 2014 held in London in July. THS Partners has over six billion in assets under management.
"Parade Street Investments will continue to seek out sub-advisory partnerships that meet our clients' evolving needs, and that fit with Pier 21's mandate to bring skillful, effective investment expertise onto our playing field," says Collins. "We will be adding further complementary strategies to the Parade Street offering as we move forward."
Based in Montreal, Pier 21 Asset Management Inc. offers international and global investment strategies to institutional investors in Canada through exclusive relationships with select foreign-based investment managers. Pier 21 has three billion dollars under management and is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager in various jurisdictions across Canada. Parade Street Investments is a proprietary investment offering of Pier 21.
SOURCE: Pier 21 Asset Management Inc.
For further information:
David M. Star, President & CEO
Pier 21 Asset Management Inc.