KSWF Hires 2 Portfolio Managers

The Kahnawà:ke Sovereign Wealth Fund (KSWF) has hired portfolio managers to invest $26.7 million of the $33.3 million in the fund.  The IRC has carefully selected the following portfolio managers to oversee these initial investments: Canaccord Genuity Corp. has been entrusted with a dual mandate of income and equity management, overseeing approximately $20 million. Giverny Capital has been allocated approximately $6.7M with a mandate focused solely on equity investments. The Investment and Revenue Committee evaluated over 20 proposals based on criteria such as portfolio management experience, investment strategy alignment, communication and transparency, historical performance, and fees.

The initial allocation, has been distributed 50-50 in stocks and in income producing assets such as bonds and guaranteed investment certificates (GICs).