By design we practice a contrarian style of investing, believing that this allows us to exploit inefficiencies in under-followed companies and sectors.

More specifically, we focus predominantly on Canadian companies in the mid-cap space and place less emphasis on the heavily followed basic materials and energy sectors. By focusing on these areas and employing variable bias strategies we have generated returns that are independent of market returns, and have produced significant alpha. We have also maintained a return profile with a low or negative correlation to many of the broader equity indices and many of our peers. 

Please see the graphic below highlighting some of the inefficiencies that we believe exist in our investment universe in Canada.