FEATURES
COVER STORY: HOT LIST 2017 MIKE SHUH
MARK RAES
Canaccord Genuity
BMO Global Asset Management
Earnings reporting day hasn’t been that pleasurable an experience for Canaccord Genuity for a number of years now, but in 2017, it appears the tide has turned – the firm most recently posted a net income of $4.5 million. A major part of the turnaround has been recruiting top talent such as Mike Shuh, who left CIBC last September to head Canaccord Genuity’s financial institutions group, where he has been tasked with keeping Canaccord Genuity’s recent resurgence firmly on track.
As head of product for ETFs and mutual funds since 2009, Mark Raes has watched BMO GAM massively expand its presence in the ETF space. Today, BMO accounts for $37.8 billion in ETF assets in Canada, putting it in second place next to global kingpin BlackRock – but is the undisputed leader when it comes to net creations over the past year, with a total of $8 billion for 2016. Raes, a graduate of Wilfrid Laurier University, has been instrumental in driving that growth, building one of Canada’s most accomplished teams as the ETF industry continues to rapidly expand worldwide.
HANIF MAMDANI RBC Global Asset Management
As the head of alternative invest ments for RBC Global Asset Management, Hanif Mamdani’s job is to think outside the box when it comes to his funds. As such, the oil shock of 2015 saw him increase his exposure to energy companies. Buying at that time meant some real bargains, and he was able to record gains of more than $1 billion as the sector recovered in 2016. The PH&N Absolute Return Fund Mamdani manages has a one-year rate of return of 31.3%, which stands far and above its peers and led Mamdani to win an award for the best combined 10-year return and Sharpe ratio at the 2016 Canadian Hedge Fund Awards.
STEPHEN ARPIN AND WILLIAM OTTON Beutel Goodman
In choosing its Fund Manager of the Year for 2016, Morningstar went with the duo of Stephen Arpin and William Otton of Beutel Goodman. A lot of equity funds tasted success last year as markets here and in the US rallied strongly, but it was the performance of Arpin and Otton’s Small Cap Fund in the down times – delivering returns almost double that of their peers over the past two years, including 21% last year – that separated them from their competitors. As vice-president of Canadian equities at Beutel Goodman, Arpin also oversees technology, consumer discretionary and energy stocks for the firm. Otton, meanwhile, has excelled in the Canadian small-cap space, with particular focus on metals, minerals, golds, printing, steel and fertilizer.
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THANE STENNER StennerZohny Group
So far, 2017 has been a year of great change for Thane Stenner, the co-founder of StennerZohny Investment Partners+. In March, his team moved from Richardson GMP to the Graystone Consulting group of American banking monolith Morgan Stanley International. The switch also necessitated a change in surroundings – the team will now be based in the heart of Silicon Valley. By moving under the Morgan Stanley umbrella, Stenner – who retains control of the group as managing director – hopes to expand the team’s international footprint, catering to high-networth individuals, institutions and foundations.