Letko Brosseau and Associates Inc. (LBA) is an independent investment management firm founded in 1987 by Peter Letko and Daniel Brosseau. The company currently employs over 60 individuals in two offices in Montreal and Toronto, Canada.

We offer a long-term investment approach based on original investment research that seeks to develop strong understanding of economic and business trends. Portfolios are broadly diversified by industry and geographic regions. Careful attention is given to identifying companies with strong positions in their respective markets and well-developed business strategies. A business perspective for acquiring investments at attractive valuations is the third element in the firm's approach which has enabled us to consistently produce good results for our clients.

Today LBA manages approximately C$30 billion in assets, of which 42% are in balanced mandates. Institutions such as governments, pension funds, charitable foundations and corporations represent 80% of these assets. The firm also invests $6.5 billion for individuals and families. Investment formats include segregated portfolios as well as pooled funds, both taxable and non-taxable. All are invested in a similar fashion by the same investment team.

LBA is registered with the securities commissions of all ten Canadian provinces. The firm is also registered with the U.S. Securities and Exchange Commissions and, with respect to U.S. clients only, complies with the U.S. Investment Advisers Act of 1940.