Institutional Investors

33.1B

USD value added^[1] to client portfolios

100+

Employees

16

Years of average tenure per team member

Data current as of September 30th, 2026.

[1] Cumulative gross investment gains represent the total growth in value of LetkoBrosseau-managed accounts from January 1, 1988, to September 30, 2026, expressed in USD. This figure is calculated by taking the aggregate ending market value of all accounts under management and adjusting for net external cash flows: we subtract cumulative contributions (to exclude client capital) and add back cumulative withdrawals (as these represent value already distributed to clients). This metric reflects wealth growth from investment activity before the deduction of investment management fees, but including reinvested earnings and tax refunds. Further methodology details are available upon request.

Serving You Disciplined Investing Responsible Investing Insights

Serving the Institutional Community

LetkoBrosseau has been a trusted partner to institutions for almost 40 years. Our clients include pension funds, unions, corporations, foundations, endowments and indigenous trusts, amongst others. They benefit from our deep industry knowledge and tailored, research-driven portfolios.

Our experienced team of investment counselors work closely with clients to support governance requirements, reporting needs, and ongoing communication. Transparency and accessibility are central to how we engage — providing insight, clarity, and accountability into what we own and why we own it.

As an independent, employee-owned firm, LetkoBrosseau is structured for stability and alignment. Our ownership model reinforces a long-term mindset, supports continuity of investment leadership, and ensures that our interests remain closely linked with those of our clients.

We’re independent, employee-owned, and we co-invest our own wealth; this clear alignment with our clients is a central part of our DNA.

Alex Letko, CFA, MBA

Regional Manager – Central CanadaPortfolio ManagerPartner

Service Team

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David Després

CFA

Executive Vice PresidentPartner

Eric Gouron

MBA

Head of Sales and Client Servicing

Alex Letko

CFA, MBA

Regional Manager – Central CanadaPortfolio ManagerPartner

Investment Team

View the Full Team

20

Portfolio managers and sector analysts

22

Years of average experience

19

CFA® charterholders*

12

Languages spoken

Data current as of September 30th, 2026.

*A professional certificate offered through the CFA Institute®. The certification qualifies one to be a financial analyst. To qualify for a CFA®, one must have worked a certain number of years in the financial industry and must complete three levels of exams on all topics related to investing. CFA® charterholders are required to adhere and annually attest to the CFA Institute® Code of Ethics and Standards of Professional Conduct. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Disciplined Investing

Grounded in independent research and a long-term perspective

Our investment philosophy is built on the belief that markets can misprice value over shorter periods — and that disciplined, fundamental analysis applied consistently and with patience can deliver attractive long-term results. Our portfolios are constructed through bottom-up security selection, informed by in-house macroeconomic research that provides a broad context for positioning. This integrated approach allows us to build high-conviction portfolios aimed at maximizing risk-adjusted return.

All research is conducted internally, ensuring independence of thought and consistency of philosophy across strategies. We organize our investment team across global sector lines, which leverages their deep industry knowledge and allows for in-depth due diligence on the companies we invest in. We do not rely on external models or short-term market signals; investment decisions are driven by fundamental analysis, a long-term outlook, and disciplined portfolio construction.

Learn More About Our Investment Strategies

LetkoBrosseau operates like a think tank; the depth and quality of our research is one of our distinguishing characteristics.

Daniel Brosseau, MBA

President

LetkoBrosseau’s Added Value

$1 million invested in our Global Balanced composite (USD) in 1988 would be worth $55 million today, compared to $17 million if invested in the benchmark*.

*The value added represents the excess return over the benchmark for the Global Balanced Composite in USD, gross of fees from January 1, 1988 to September 30, 2026. Data is preliminary. Returns reflect the reinvestment of dividends, income and other earnings. Reclaimable withholding tax refunds are recognized when received. The benchmark is fully invested, and its returns include the reinvestment of dividends, income and other earnings. The benchmark of the Global Balanced (Canadian Bias) Composite is 5% FTSE Canada 91 Day T-Bill Total Return Index, 40% FTSE Canada Universe Bond Total Return Index, 20% S&P/TSX Composite Total Return Capped Index and 35% MSCI All Country World Total Return Net Index. The benchmark from September 1, 2007 to March 31, 2017 was 5% FTSE Canada 91 Day T-Bill Total Return Index, 40% FTSE Canada 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 Canada 91 Day T-Bill Total Return Index, 40% FTSE Canada Universe Bond Total Return Index, 30% S&P/TSX Composite Total Return Capped Index (formerly TSE 300 Composite Total Return Capped Index) and 25% MSCI World Total Return Net Index. The benchmark since inception to March 31, 2000, was 5% FTSE Canada 91 Day T-Bill Total Return Index, 40% FTSE Canada 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. *The FTSE Canada indexes were formerly known as the FTSE TMX Canada indexes until July 2018, the DEX indexes until July 2014, and the Scotia McLeod indexes until October 2007.

Responsible Investing

ESG is integrated into our research process, where our industry analysts assess material environmental, social, and governance factors alongside traditional financial analysis. This comprehensive approach, enhanced by independent third-party insights, informs our investment decisions and helps identify companies with strong business practices and sustainable long-term performance potential. By evaluating ESG risks and opportunities early and consistently, we aim to uncover resilient businesses while mitigating potential downsides that could impact financial outcomes. Investment timing is then determined based on fair value, pricing, and market conditions.

Learn More About Responsible Investing at LetkoBrosseau

Sustainable Investing Regarding the Funds

LetkoBrosseau, the manager of various investment funds (the “Funds”), considers ESG-related factors as part of its overall investment process regarding issuers that are subject to equity investments, alongside traditional financial factors, when making investment decisions. By combining financial and ESG risk analysis into the investment management process, LetkoBrosseau believes this better helps to manage risk and identify opportunities to generate long-term returns for the Funds. The consideration of how non-financial risks may be financially relevant to issuers is one of the assessments LetkoBrosseau uses to guide the investment decisions.

Generally, ESG factors are not likely to drive an investment decision, save for a situation where the ESG risks related to a potential investee company are sufficiently extreme as to make it difficult to make an accurate assessment of the intrinsic value of the business. In this case, LetkoBrosseau will exclude the potential investee company from consideration for the portfolio of the Fund. LetkoBrosseau also applies an exclusionary or negative screening process pursuant to which it has identified specific industries it chooses its portfolios not to be exposed to or profit from, such as tobacco, gambling, pornography and companies involved in the mining of thermal coal, subject to de minimis thresholds.

ESG integration is not a primary objective nor strategy employed by the Funds, and the Funds are not intended to generate any ESG outcomes. ESG factors may play a limited role, and are not necessarily weighted heavily, in the Funds’ investment decision-making process. The ESG integration approach is focused on understanding all financially material information to deliver strong risk adjusted returns for the Funds and their investors.

Get in Touch

Contact our institutional investor team for more information or to open an account.

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Meet the Team

Who is LetkoBrosseau?

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Investment Strategies

Seeking to capture growth using a strong price discipline, our investment process relies on a fundamental approach.

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Investment Principles

LetkoBrosseau’s six guiding investment principles have a key role in our investment decision-making and are applied consistently across all asset classes, for all clients.

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