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Pierre-Philippe Ste-Marie Benedicte Gravrand, Opalesque London for New Managers: There is support for the emerging manager community out of Montréal, Quebec.
According to Pierre-Philippe Ste-Marie, founder and CEO of Razorbill Advisors, a Canadian fixed income manager founded in 2013, there is an initiative called the Emerging Managers Board (EMB), which his firm is a part of.
The non-profit organisation’s mission is to promote and contribute to the growth of Canadian emerging managers. So far, it has only gone as far as covering Québec, but it plans to launch in Ontario next year and expand in the rest of the country in the next few years.
Out of the EMB’s 50 members, 40 are managers registered with the AMF (Canada’s financial regulator), and more than half of them have alternative products, he said during a recent Opalesque Roundtable.
"The EMB’s goal is to get the largest pension funds in Québec to invest 1% of their AuM with local emerging managers," he continued. "From our computation that would be the equivalent of C$3bn (US$2.3bn). Once that kind of money is invested towards emerging managers, we think we will find great momentum and be able to support our local talent to emerge."
Then there is the PGEQ (Programme des Gestionnaires en Émerge...................... To view our full article Click here
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