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Michael Lee-Chin acquired AIC Limited in 1987, and has over the years, taken the organization from $1 million to more than $8 billion in assets under management. Michael is a graduate of McMaster University with a degree in Civil Engineering. He entered the financial services industry in 1977 as a financial advisor. Michael has distinct beliefs regarding wealth creation, role modelship, and his firm’s investment strategy. AIC’s goal is to create long-term wealth for investors. To achieve that objective, Michael looked for role models – those business people who created wealth in society by owning one or two businesses. For this reason, Michael established AIC’s investment philosophy of buying few excellent businesses in long-term growth sectors and holding these businesses for the long term in order to help AIC investors prosper by preserving and growing their capital and minimizing taxes. As a result of his investment philosophy, AIC stands today as one of the largest privately held mutual fund companies in Canada and AIC Advantage Fund is known as one of the best-performing Canadian equity funds over the last 20 years. Michael was named Entrepreneur of the Year in 1997. In 2002, he earned the Harry Jerome Award for a decade of achievement. Michael has been profiled in Forbes, Fortune, Canadian Business, Black Enterprise, National Post and Time magazines. In November 2003, Michael received an honorary Doctor of Laws degree from McMaster University in recognition of his business success and philanthropic initiatives, and in July 2004 was honoured by Time magazine as one of Canada’s Heroes and one of the country’s most intriguing and inspiring citizens. Funds managed: |
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