November 20, 2007
Solving Canada's infrastructure problem - Financial Post
Infrastructure; Good times in Canada - high loonie, high oil, low unemployment - shine a harsh light on Canada’s decaying infrastructure. After decades of neglect, governments and private equity are now looking down the road to the next boom.
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November 19, 2007
Integrative thinking and Lee-Chin's bold AIC strategy - The Globe and Mail
It was September 1999, and Michael Lee-Chin had a serious crisis on his hands – the worst of his business career. Lee-Chin had presided over more than 10 years of remarkable growth at his beloved money management firm, AIC Ltd., but now AIC was under withering attack.
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October 29, 2007
A portfolio of sun, sand and sea - The Globe and Mail
Michael Lee-Chin had his aha! moment for his new Caribbean investment play two years ago when he was in North Carolina to raise money for a private equity fund. In a meeting with treasurer Richard Moore, Mr. Lee-Chin, founder of mutual fund company AIC Ltd., learned how the southern U.S. coasts had become saturated with condos and hotels.
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October 27, 2007
Buy the fund, or buy the company? - The Globe and Mail
Investors might want to take heed of an old saying from the days of the 1800’s California gold rush – the best way to make money is to be the one selling shovels. When it comes to the retirement savings boom, the same could apply to mutual fund companies.
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September 29, 2007
They’ll even plan your funeral - The Globe and Mail
As profits on traditional products get squeezed, the banks and insurance giants are bulking up in the hottest segment of financial services: wealth management. And to get your business, they’re going to extraordinary lengths.
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September 4, 2007
AIC's science & tech strategy - GlobeinvestorGOLD
Peter Hofstra's $39.8-million AIC Diversified Science & Technology Fund produced a 24.6-per-cent return for the 12-months ended July 31, 2007. That beat the science and tech fund 22.8-per-cent average return and the 14.7-per-cent gain of the NASDAQ Composite in Canadian dollars in the period.
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August 31, 2007
Interview with Michael Winer of Third Avenue Management - Value Investor Insight
Michael Winer knows first-hand what hard times in real estate look like, which is why now is an interesting time to hear where he's finding opportunity. His early career in real estate development gave Michael Winer at least one edge in starting the Third Avenue Real Estate Fund in 1998.
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August 29, 2007
Almeida ahead of his peers - GlobeinvestorGOLD
Robert Almeida has pushed the performance of his portfolio of mostly Canadian stocks ahead of peers. His $1.14-billion AIC Advantage Fund produced a 23.7-per-cent return for the 12 months ended July 31, 2007. That beat the 14.7-per-cent average return of Canadian-focus equity funds in the period.
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August 27, 2007
Insiders’ Buying by Banks Rises to Highest Since 1995 - Bloomberg
Not since 1995 have so many chief executive officers of so many financial firms and their insiders bought so many shares in their companies as in August, when the market swooned.
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July 16, 2007
Taking the Direct Track to Infrastructure - globalpensions.com
Co-investing is taking off. Asset managers are partnering with pension funds to invest in long term infrastructure programmes. Brookfield Asset Management, based in North America, has partnered several pension funds in infrastructure buyouts, such as the $1.75bn deal with Canada Pension Plan (CPP) to buy the Chilean electricity transmission firm, Transelec, in June 2006.
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July 3, 2007
James Cole builds long run returns - GlobeinvestorGOLD
His $822-million AIC Canadian Focused Fund produced a 19.3-per-cent average annual compound return for the three years ended May 31, 2007. That beat peer Canadian equity funds' 16.4-per-cent average annual compound return in the same period.
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June 22, 2007
Growth of Infrastructure Funds May Lead to M&A Business - Law.com
As the demand for the replacement or expansion of infrastructure assets continues to grow worldwide, the need for private sector investment in infrastructure will continue to increase. Infrastructure funds provide an ideal vehicle for this form of investment.
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June 18, 2007
Third Avenue finds safe and cheap - Financial Post
The management style of Third Avenue Management LLC, the New York-based sub-advisor to AIC Global Focused Fund, is the most compelling reason for owning this fund. Marty Whitman, the octogenarian value investor and chairman of Third Avenue Management, has earned a venerable reputation finding undervalued companies that defy conventional investing logic.
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Spring/Summer 2007
Michael Lee-Chin Feature - AMÖI Magazine
On a sunny spring morning, Michael sits down with me in his office to talk about his responsibility to mankind, stepping down from AIC, and why he is bullish on Jamaica’s future potential.
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May 29, 2007
Hofstra's tech picks - GlobeinvestorGOLD
Peter Hofstra’s U.S. tech stocks’ gains have pushed up his fund’s values in spite of the decline of the greenback. His AIC Diversified Science & Technology Corporate Class, with a preponderance of American stocks, turned in an 18.2-per-cent gain for the 12-months ended May 31, 2007.
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May 29, 2007
Looking for value where there is the most fear - GlobeinvestorGOLD
Pat Naccarato’s value stocks show that there’s still profit to be made in a market that has put some sectors in the limelight but left others in shadows. His $255-million AIC Value Fund produced a 20.7-per-cent return for the 12 months ended April 30, 2007, more than twice the 9-per-cent average return of peer U.S. equity funds.
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April 10, 2007
Almeida’s Advantage - GlobeinvestorGOLD
Robert Almeida is getting strong performance by sticking to the AIC philosophy of investing in financial services. His AIC Advantage Fund produced an 18.2-per-cent return for the 12 months ended Feb. 28, 2007. That put the $1.2-billion portfolio far ahead of the 12.1 per cent average return of Canadian equity portfolios for the period.
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March 14, 2007
Downside protection key tactic in fund’s strategy - Globe & Mail
Fund manager Pat Naccarato has made major changes to the hitherto underperforming AIC Value Fund since he took over in October, 2005, and with yesterday's market declines, he's finding more bargains.
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March 2007
Top 2007 bond strategies similar to last year - Investment Executive
Predicting currency exchange rates, interest rate shifts and macroeconomic trends is akin to winning a trifecta at the races, but Randy LeClair did just that from 2001-2006, making the fund an above-average performer each year. For the five years ended Dec. 31, it was high in the first quartile among almost 50 foreign funds.
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February 16, 2007
Manager Monitor, Pat Naccarato - Morningstar.ca
"I never would have dreamt that that type of turnaround would have happened as quickly," says Naccarato, who has managed the $258-million AIC Value Fund since November 2005. But he's not surprised that buying "great companies" at discounted prices will produce payoffs.
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February 13, 2007
AIC’s scientific formula - GlobeinvestorGOLD
Peter Hofstra’s choices of science, technology and health care stocks have begun to race ahead of peers. His $45-million AIC Diversified Science & Technology Fund produced a 25.4-per-cent return for the six months ended Jan. 31, 2007.
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January 24, 2007
Pat Naccarato’s preference - GlobeinvestorGOLD
His AIC Value Fund produced a 22.6-per-cent return for the 12 months ended Dec. 31, 2006, more than double the 10.6-per-cent average return of peer U.S. equity funds in the period.
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January 19, 2007
Interview with Anne-Mette de Place Filippini - Investor's Digest
On a two-week trip to Asia last fall — her second in seven months — Anne-Mette de Place Filippini logged 45 meetings in five cities. But for Ms. de Place Filippini, who runs AIC’s World Equity Fund, such globe-trotting is part of the job. Before adding any company to her fund, she tries to visit it first.
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Mid-January 2007
Global government bonds will be tops this year - Investment Executive
It appears that global bond returns are likely to beat Canadian bonds in 2007. But playing the global bond market will require a discriminating sense of credit quality, suggests Standard & Poor’s Corp. in its 2007 Global Credit Strategy Asset Class Outlook.
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January 2, 2007
Solid gains in global financial services - GlobeinvestorGOLD
Greg Placidi and Chris Lowe are wringing solid returns out of financial services companies in selected countries. Their AIC Global Advantage Fund produced a 19.4-per-cent return for the 12 months ended Nov. 30, 2006, ahead of the 17.8-per-cent return of the Global Financial Services Peer Index in the same period.
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January 2007
The benefits of reinvesting dividends - Investment Executive
Concern about a market downturn coupled with the slaughter of income trusts is turning investor attention more and more toward dividend-paying stocks.
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