Every year, Quebec residents invest billions in American and Anglophone Canadian fund managers, despite the presence of several highly capable local managers. André Gosselin’s new book, *Les maîtres de la Bourse au Québec*, highlights twelve exceptional Quebec fund managers, with six of their funds accessible to small investors. The article details notable managers such as Nadim Rizk from Pinestone and others from Fidelity and Global Alpha, emphasizing their achievements and investment strategies.
Every year, Quebecers send billions of dollars to fund managers in the U.S. and English-speaking Canada. However, there are numerous high-performing managers right here. Let’s take a look at six of them you should know!
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In his new book, The Masters of the Stock Market in Quebec, financial author André Gosselin highlights 12 exceptional Quebec fund managers.
What’s even better is that the funds managed by six of these professionals are accessible to small investors like you and me.
Online Platforms
To invest, simply purchase shares in one or more mutual funds listed in the table below. The data pertains to the “F” series of these funds, which is designed for self-directed investors using online platforms such as Wealthsimple, Disnat, or National Bank Direct Brokerage.
Are the returns on these funds good? To give you a better understanding, I have included information on two of the most popular exchange-traded funds (ETFs) in Canada: one that tracks the U.S. S&P 500 index and the other, the S&P/TSX 60 from the Toronto Stock Exchange.
Six Star Quebec Managers
Nadim Rizk, Pinestone
Originally from Lebanon, Nadim Rizk has been based in Montreal since his university years. He accomplished a remarkable feat by increasing the assets under management of Fiera Capital’s equity portfolio from $300 million in 2009 to $70 billion today. In 2021, he founded his own firm, Pinestone, which currently manages three funds.
Marc Lecavalier, Fiera Capital
Marc Lecavalier has been focusing on publicly traded Quebec companies since 2004. Initially employed by Natcan, Marc joined Fiera during its acquisition of this National Bank subsidiary in 2012.
Robert Beauregard, Global Alpha
After positions with the Canadian army, IBM, Raymond Chabot Grant Thornton, Alcan, the Caisse de dépôt, and Natcan, Robert Beauregard founded his own investment firm, Global Alpha, in 2008. He specializes in small and medium-sized enterprise equities worldwide.
Daniel Dupont, Fidelity
Three of the top Canadian managers from the American giant Fidelity are based in Montreal. Daniel Dupont, who has managed the Fidelity Canada Large Cap Fund since 2011, is known for his aversion to market downturns. “Protecting his clients’ capital is his obsession,” writes André Gosselin.
Maxime Lemieux, Fidelity
A native of Quebec City, Maxime Lemieux has been interested in investment since his uncle introduced him to an investment club at the age of 11. At just 34, he was named U.S. Mutual Fund Manager of the Year (International category) in 2008. He has been managing the Fidelity North Frontier Fund since 2009.
Hugo Lavallée, Fidelity
Hugo Lavallée joined Fidelity in 2002, after initially having his application rejected by the firm. It was not until he caught the attention of legendary American investor Mario Gabelli that he was eventually recruited by Fidelity. Hugo now oversees four funds, including Fidelity Canada Potential and Fidelity Canada Plus.