Letko Brosseau is an independent investment manager founded in 1987. The firm manages over $30 billion in assets for more than 450 institutional investors and several thousand private clients and has offices in Montreal, Toronto and Calgary. Our results over the last 30 years have been remarkable.
Not only have we kept pace with the markets during this time but we have added more than $13 billion in additional value to our clients' portfolios.
We have been ranked the #1 balanced fund manager over 20 years amongst a Canadian pension universe of $650 billion of asset under management. But results are only part of the story. Wishing for good returns says little on how to achieve them. The true story is in the purpose, the values and the discipline we bring to the investment process.
Independent for 30 years, Letko Brosseau has provided clients consistent outperformance.
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Billion in firm assets under management
Annualized returns over 30 years, and
Annualized benchmark outperformance
Performance results referenced above are annualized and presented in Canadian dollars gross of fees for the Letko Brosseau Global Balanced (Canadian Bias)
Composite. This $12.9 billion composite includes all discretionary balanced mandates with a bias towards Canadian equities and asset mix targets within the ranges
of 30-70% for fixed income and 30-70% for global equities. The benchmark is 5% FTSE TMX 91 day T-bill Total Return Index, 40% FTSE TMX Universe Bond Total
Return Index, 20% S&P/TSX Composite Total Return Capped Index and 35% MSCI World Total Return Net Index. The benchmark from January 1, 2001 to May 31,
2007 was 5% FTSE TMX 91 day T-bill Total Return Index, 40% FTSE TMX Universe Bond Total Return Index, 30% S&P/TSX Composite Total Return Capped Index
and 25% MSCI World Total Return Net Index. The benchmark from January 1, 1988 to December 31, 2000 was 5% FTSE TMX 91 day T-bill Total Return Index, 40%
FTSE TMX Universe Bond Total Return Index, 35% TSE 300 Composite Total Return Index adjusted to cap the weighting of any associated group of equities at 10%
of the index and 20% MSCI World Total Return Net Index. Past performance does not guarantee future results.
*Peer comparison universe is the $650 billion RBC Investor & Treasury Services Canadian Defined Benefit Plans Universe, dated December 31, 2017.