The Canadian Source Of Employee Pension Fund Investment And Benefits Plan Management

Directories

Managers of Fixed Income

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AB
Wendy Brodkin, Managing Director; Brookfield Place, 161 Bay St. – 27th Floor, Toronto, ON M5J 2S1
PH: 416-572-2534
Fax: 212-756-4405
eMail: wendy.brodkin@abglobal.com
Website: www.abglobal.com
Management Style: Yield Curve, Credit, Structured Products, Index
Ownership: Principals - 62.84%, Public - 24.36%, Third-party - 12.8% (As of December 31, 2015, AB LP’s beneficial ownership was: 62.84% owned by AXA Financial, Inc.; 24.36% owned by Public; 12.8% owned by AllianceBernstein Directors, Officers and employees; though our majority shareholder is AXA Financial, as a firm we operate independently.)
Professional Staff: 1461
Established: 1971
Performance Presentation Standards: AllianceBernstein Institutional Investments and AllianceBernstein Investments (collectively, the “Firm”) have designed their processes and procedures to calculate and present performance results in compliance with Global Investment Performance Standards (GIPS).
1 - This includes portfolio managers, research analysts and traders as of September 30, 2015

ABERDEEN ASSET MANAGEMENT INC.
Renee Arnold, Head of Business Development - Canada; 161 Bay St., 44th Floor, TD Canada Trust Tower, Toronto, ON M5J 2S1
PH: 416-777-5570
Fax: 866-290-9322
eMail: renee.arnold@aberdeen-asset.com
Website: www.aberdeen-asset.ca
Management Style: Yield Curve, Credit, Structured Products
Other Management Style: Not Applicable
Passive Management Indices: Not Applicable
Ownership: Public - 96.9% (Directors, Management & Staff - 3.1%; As a publicly traded company, the ownership of Aberdeen PLC is subject to change. The top shareholders as of December 31, 2015 were: Mitsubishi UFJ Trust and Banking 17.2%, Lloyds Banking Group 9.8%, Capital Research and Management 7.5%, BlackRock 4.4%, M&G Investment 4.2%, Aberdeen Directors, management and staff 3.1* *All figures are on an undiluted figure basis except directors, management and staff which are shown fully dilluted.)
Professional Staff: 176
Established: 1983
Performance Presentation Standards: Verified through the period ending September 30, 2015.
Minimum Investment - Pooled: $5M
- Separate: $25-$50M (Depending on Strategy)

ACM ADVISORS LTD.
Chad Mallow, President; 210 - 1140 Homer St., Vancouver, BC V6B 2X6
PH: 604-661-0671
Fax: 604-682-3265
eMail: cmallow@acma.ca
Website: www.acma.ca
Management Style: Credit
Ownership: Principals
Professional Staff: 9
Established: 1993
Minimum Investment - Pooled: $150,000

ADDENDA CAPITAL INC.
Michel Jalbert, Senior Vice-president, Business Development & Client Partnerships; 800, René-Lévesque Blvd. W., Montréal, QC H3B 1X9
PH: 514-287-7373
Fax: 514-287-7200
eMail: m.jalbert@addenda-capital.com
Website: www.addenda-capital.com
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized
Passive Management Indices: FTSE TMX Canada Long Term Provincial Bond and customized hybrid benchmarks
Ownership: Co-operators Financial Services Limited - 74.54% Fonds de Solidarité FTQ - 21.51% Management Shareholders - 3.95%
Professional Staff: 33
Established: 1985
Performance Presentation Standards: Claims compliance with GIPS
Minimum Investment - Pooled: $5M
- Separate: $20M

AEGON CAPITAL MANAGEMENT INC.
Melanie del Rio, Associate Client Services Director; 5000 Yonge St., 8th Floor, Toronto, ON M2N 7J8
PH: 416-883-5807
Fax: 416-883-5790
eMail: melanie.delrio@aegoncapital.ca
Website: www.aegoncapital.ca
Management Style: Credit
Ownership: Wilton Re.
Professional Staff: 4
Established: 2001
Minimum Investment - Pooled: $250,000
- Separate: $10M

ALGONQUIN CAPITAL
Raj Tandon, Founding Partner; 1 Yonge St., Toronto, ON M5E 1W7
PH: 416-214-3493
Fax: 416-369-0515
eMail: raj.tandon@algonquincap.com
Website: www.algonquincap.com
Management Style: Credit
Other Management Style: Alternative Fixed Income
Ownership: Principals
Professional Staff: 4
Established: 2014
Minimum Investment - Pooled: $100,000
- Separate: $10M

AURION CAPITAL MANAGEMENT INC.
Ed Calicchia, Director, Institutional Client Services; 120 Adelaide St. W., Ste. 2205, Toronto, ON M5H 1T1
PH: 416-933-2238
Fax: 416-363-1546
eMail: ed.calicchia@scotiabank.com
Website: www.aurion.ca
Management Style: Yield Curve, Credit
Other Management Style: Active, Multi Levers (Duration, Curve, Credit) Core, Core Plus & Unconstrained mandates using multiple strategies including Duration, Yield Curve, Credit, Foreign Exposures with active currency management strategies to enhance returns & control risk; Tactical & Active trading strategies around core holdings; Flexibility to adjust sector, curve exposures & duration significantly; Derivatives including futures & forwards are used for hedging purposes and to gain synthetic exposures
Passive Management Indices: Real Return Bonds
Ownership: Scotiabank
Professional Staff: 4
Established: 1996
Performance Presentation Standards: Compliance with GIPS
Minimum Investment - Pooled: $2M
- Separate: $10M

AVIVA INVESTORS
Jean-Francois Milette, Managing Director, Canada; 121 King St. W., Ste. 1400, Toronto, ON M5H 3T9
PH: 416-360-2769
eMail: jf.milette@avivainvestors.com
Website: www.avivainvestors.ca
Management Style: Credit, Immunized
Other Management Style: Immunized: Currently manages liability-driven investing strategies
Ownership: Wholly-owned by Aviva Investors Holdings Limited, a subsidiary of Aviva plc.
Professional Staff: 152
Established: 20083
Minimum Investment - Pooled: $500,000
- Separate: $25M
2 - Fixed Income Professionals includes portfolio managers and analysts with Aviva Investors Canada and Aviva Investors Americas LLC
3 - In September 2008 Aviva Investors became the trading name for a group of asset-management businesses owned by Aviva plc under a single management structure and brand.

BAKER GILMORE & ASSOCIATES INC.
Brent Wilkins, Head of Institutional Sales; 1800 McGill College Ave., Ste. 2310, Montreal, QC H3A 3J6
PH: 416-862-2020
Fax: 416-363-2089
eMail: bwilkins@cclgroup.com
Website: www.bakergilmore.com
Management Style: Yield Curve, Credit
Other Management Style: Value-driven approach over a long-term investment horizon; multiple, diversified strategies.
Ownership: Principals - 50%, Third-party - 50% (Connor, Clark & Lunn Financial Group Ltd.)
Professional Staff: 7
Established: 1988
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
- Separate: $10M

BARING ASSET MANAGEMENT
Michael Annis, Head of Business Development, Canada; 161 Bay St., 27th Floor, Toronto, ON M5J 2S1
PH: 416-572-2737
eMail: michael.annis@barings.com
Website: www.barings.com
Management Style: Yield Curve, Credit
Other Management Style: Duration
Ownership: Wholly-owned subsidiary of Massachusetts Mutual Life Insurance Company
Professional Staff: 25
Established: 1762
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
- Separate: $20M

BARRANTAGH INVESTMENT MANAGEMENT INC.
Robert Cruickshank, Vice-president, Marketing & Client Service; 100 Yonge St., Ste. 1700, Toronto, ON M5C 2W1
PH: 416-864-7958
Fax: 416-868-6593
eMail: cruickshank@barrantagh.com
Website: www.barrantagh.com
Management Style: Yield Curve, Credit
Ownership: Principals
Professional Staff: 7
Established: 1995
Performance Presentation Standards: All composite returns are calculated in accordance with the GIPS as outlined by the CFA Institute, but have not been externally verified.
Minimum Investment - Separate: $1M

BEUTEL, GOODMAN & COMPANY LTD.
Bruce Shewfelt, Managing Director, Client Service & Marketing; 20 Eglinton Ave. W., Ste. 2000, Toronto, ON M4R 1K8
PH: 416-485-1010
Fax: 416-485-1799
eMail: asokolova@beutelgoodman.com
Website: www.beutelgoodman.com
Management Style: Yield Curve, Credit, Immunized, Quantitative
Other Management Style: Active, Duration, Interest Rate Anticipation, Sector Swapping, Maturity Swapping
Ownership: Principals - 51%, Third-party - 49% (Affiliated Managers Group, Inc.)
Professional Staff: 7
Established: 1967
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $10M
- Separate: $25M

BLACKROCK
Eric Leveille, Managing Director; 1000 Sherbrooke W., Ste. 1730, Montreal, QC H3A 3G4
PH: 416-643-4040
Fax: 514-843-5198
eMail: eric.leveille@blackrock.com
Website: www.blackrock.com
Management Style: Credit, Index, Quantitative
Other Management Style: Fundamental, Model-Based, Index
Passive Management Indices: FTSE TMX Canada Universe Bond Index, FTSE TMX Canada Universe Bond Index (custom ex-BBB), FTSE TMX Canada Universe All Government Bond Index, FTSE TMX Canada All Corporate Bond Index, FTSE TMX Canada Long-term Bond Index, FTSE TMX Canada Long-term Bond Index (custom ex-BBB), FTSE TMX Canada Long-term Government Bond Index, FTSE TMX Canada Long-term Provincial Bond Index, FTSE TMX Canada 20+ Strip Bond Index, FTSE TMX Canada Real Return Bond Index, FTSE TMX Canada 91 Day T-Bill Index, Levered Long Bond Index, Levered Real Return Bond Index, Barclays Capital Aggregate Bond Index, Barclays Capital US High Yield Index, Barclays Capital US Treasury Inflation Protected Securities Index, JPM GBI EM Global Diversified Index; manages passive fixed income mandates for Canadian pension plans to a variety of custom benchmarks
Ownership: Public - 77.9%, Third-party - 22.1% (PNC Financial Services Group, Inc.)
Professional Staff: 443
Established: 1988
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: Varies by mandate
- Separate: Varies by mandate

BMO GLOBAL ASSET MANAGEMENT
Marija Finney, Senior Vice-president, Head of Institutional Sales & Service; First Canadian Place, 43rd Floor, 100 King St. W., Toronto, ON M5X 1A1
PH: 416-359-5003
Fax: 416-359-5950
eMail: marija.finney@bmo.com
Website: www.bmoglobalassetmanagement.com
Management Style: Yield Curve, Credit, Structured Products, Index
Passive Management Indices: FTSE TMX Canada 20+ Strip Bond Index
Ownership: BMO Financial Group
Professional Staff: 94
Established: 1982
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: Minimum Annual Fee $25,000.
- Separate: $100M
4 - Total includes Canada only.

BNP PARIBAS INVESTMENT PARTNERS CANADA LTD.
Rodolphe de Candé, Head of Canada Business Development; 2001 av. Robert-Bourassa, Ste. 900, Montréal, QC H3A, QC H3A 2A6
PH: 647-680-9451
eMail: rodolphe.decande@bnpparibas.com
Website: www.institutional.bnpparibas-ip.com
Management Style: Yield Curve, Credit, Structured Products
Other Management Style: Services in range of asset classes
Ownership: Public
Professional Staff: 785
Established: 1972
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $10M
- Separate: $50M
5 - Directly employed with fixed income partner Fischer Francis Trees & Watts (FFTW).

BNY MELLON ASSET MANAGEMENT
Michael Parsons, Vice-president, Sales & Marketing; 320 Bay St., Toronto, ON M5H 4A6
PH: 416-775-5876
Fax: 416-775-5880
eMail: michael.parsons@bnymellon.com
Website: bnymellon.com
Management Style: Yield Curve, Credit, Index, Immunized, Quantitative
Ownership: Public
Professional Staff: 185
Established: 1933
Performance Presentation Standards: GIPS

BRANDES INVESTMENT PARTNERS
Tim Newburn, Director, Institutional Group; 20 Bay St., Ste. 400, Toronto, ON M5J 2N8
PH: 403-217-1331
Fax: 416-306-5750
eMail: timothy.newburn@brandes.com
Website: www.brandes.com
Management Style: Yield Curve, Credit
Ownership: Principals
Professional Staff: 4
Established: 1974
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $1M
- Separate: $10M

BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC
Andrew Forsyth, Managing Director; 1267 Cornwall Rd., Oakville, ON L6J 7T5
PH: 416-807-1800
eMail: Andrew.Forsyth@brandywineglobal.com
Website: www.brandywineglobal.com
Other Management Style: The Firm takes a disciplined, active, value-driven, strategic approach to global bonds.
Ownership: Third-party - 100 (Legg Mason, Inc.)
Professional Staff: 23
Established: 1986
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $500 thousand
- Separate: $50M

BURGUNDY ASSET MANAGEMENT LTD.
Shihab Zubair, Vice-president; 181 Bay St., Ste. 4510, Brookfield Place, Bay Wellington Tower, Toronto, ON M5J 2T3
PH: 416-869-3222
Fax: 416-869-9036
eMail: szubair@burgundyasset.com
Website: www.burgundyasset.com
Management Style: Credit
Ownership: Principals
Professional Staff: 2
Established: 1990
Performance Presentation Standards: GIPS verified as of December 31, 2014
Minimum Investment - Pooled: $5M
- Separate: $10M

CANSO INVESTMENT COUNSEL LTD.
Heather Mason-Wood, Vice-president; 100 York Blvd., Ste. 550, Richmond Hill, ON L4B 1J8
PH: 905-881-8853
Fax: 905-881-1466
eMail: clientservice@cansofunds.com
Website: www.cansofunds.com
Management Style: Credit
Ownership: Principals
Professional Staff: 28
Established: 1997
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $10M ($500,000 if through a consultant Canso has an existing relationship with)
- Separate: $50M

CI INSTITUTIONAL ASSET MANAGEMENT
Dustin Hunt, Head of Institutional; 2 Queen St. E., 19th Floor, Toronto, ON M5C 3G7
PH: 416-681-6679
Fax: 416-681-8849
eMail: dhunt@ci.com
Website: www.ciinstitutional.com
Management Style: Yield Curve, Credit, Structured Products
Ownership: Principals - 5-10%, Public - Remainder
Professional Staff: 16
Established: 1965
Minimum Investment - Pooled: $1M
- Separate: $50M

CIBC ASSET MANAGEMENT INC.
Doug MacDonald, Managing Director & Head, Institutional Asset Management; 18 York St., Ste. 1400, Toronto, ON M5J 2T8
PH: 416-780-5739
Fax: 416-364-3286
eMail: Doug.MacDonald@cibc.com
Website: www.cibcam.com
Management Style: Yield Curve, Index, Immunized, Quantitative
Other Management Style: Multi-alpha
Passive Management Indices: DEX Universe Bond Index, DEX Short-term Bond Index, DEX Long-term Bond Index, Customized Liability Benchmark
Ownership: CIBC Asset Management Inc. is a member of the CIBC group of companies and is wholly owned by the Canadian Imperial Bank of Commerce
Professional Staff: 19
Established: 1972
Performance Presentation Standards: In accordance with GIPS
Minimum Investment - Pooled: $10M
- Separate: $10M

CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD.
Brent Wilkins, Head of Institutional Sales (Canada), Connor, Clark & Lunn Financial Group; 2200-1111 W. Georgia St., Vancouver, BC V6E 4M3
PH: 416-862-2020
Fax: 416-363-2089
eMail: bwilkins@cclgroup.com
Website: www.cclinvest.com
Management Style: Yield Curve, Credit, Index, Quantitative
Ownership: Principals - 71.4%, Third-party - 28.6% (Connor, Clark & Lunn Financial Group Ltd.)
Professional Staff: 11
Established: 1982
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $10M
- Separate: $15M

DESJARDINS GLOBAL ASSET MANAGEMENT
Jay Aizanman, Director, Business Development - Asset Management; 1 Complexe Desjardins, 25th South Tower, Montreal, QC H5B 1B3
PH: 514-350-8686
Fax: 514-281-7253
eMail: jay.aizanman@desjga.com
Website: www.desjardins.com/ca/business/investment/institutional-portfolio-management/index.jsp
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative
Ownership: Wholly-owned subsidiary of the Desjardins Group
Professional Staff: 126
Established: 2003
Minimum Investment - Pooled: $500,0000
- Separate: $1M
6 - 7 portfolio managers, 3 analysts and 2 directors as at December 2015

FEDERATED INVESTORS, INC.
David Gregoire, Vice-president; 1001 Liberty Ave., Pittsburgh, PA 15222
PH: 416-527-1150
Fax: 412-288-1093
eMail: consultantcommunications@federatedinv.com
Website: www.federatedinvestors.com
Management Style: Yield Curve, Credit, Quantitative
Ownership: Principals - 10.4%, Public - 84%, Third-party - 5.4% (Publicly traded, but privately controlled)
Professional Staff: 105
Established: 1955
Performance Presentation Standards: Claims compliance with GIPS
Minimum Investment - Separate: $25M

FIDELITY INVESTMENTS CANADA ULC
Michael Barnett, Executive Vice-president, Institutional Distribution; 483 Bay St., Toronto, ON M5G 2N7
PH: 416-217-7773
Fax: 416-307-5511
eMail: michael.barnett.toronto@fmr.com
Website: www.pyramis.ca
Management Style: Yield Curve, Credit, Structured Products, Index
Ownership: Principals
Professional Staff: 209
Established: 2005
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $7.5M
- Separate: $100M (Minimum investment for Canadian fixed income strategies)

FIERA CAPITAL CORPORATION
David Pennycook, Vice-chairman & Executive Vice-president, Institutional Markets; 1501 McGill College Ave., Montreal, QC H3A 3M8
PH: 514-954-3300
Fax: 514-954-5098
eMail: dpennycook@fieracapital.com
Website: www.fieracapital.com
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized
Ownership: Principals - 18%, Public - 48%, Third-party - 34% (Canadian financial institutions)
Professional Staff: 26
Established: 2003
Performance Presentation Standards: GIPS compliant firm-wide
Minimum Investment - Pooled: $5M
- Separate: $20M

FOYSTON, GORDON & PAYNE INC.
David Adkins, Senior Vice-president & Portfolio Manager - Institutional Client Services; 1 Adelaide St. E., Ste. 2600, Toronto, ON M5C 2V9
PH: 416-362-4725
Fax: 416-367-1183
eMail: dadkins@foyston.com
Website: www.foyston.com
Management Style: Yield Curve, Credit
Ownership: Principals - 37.4%, Third-party - 62.6% (Affiliated Managers Group)
Professional Staff: 5
Established: 1980
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $2M
- Separate: $10M

FRANKLIN TEMPLETON INSTITUTIONAL
Duane Green, Managing Director, Canada; 200 King St. W., Ste. 1400, Toronto, ON M5H 3T4
PH: 416-957-6000
eMail: duane.green@franklintempleton.ca
Website: www.ftinstitutional.ca
Management Style: Yield Curve, Credit, Structured Products, Immunized, Quantitative
Other Management Style: Domestic Fixed Income (Canadian), Emerging Market Debt, Global Sovereigns, Local Asset Management, Mortgages/ABS, Corporate High Yield & Investment Grade, Municipals, Bank Loans & Low Duration
Ownership: Principals - 36%, Public - 64%
Professional Staff: 159
Established: 1971 (Franklin Templeton Fixed Income Group)
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $1M
- Separate: $20M-$250M (depending on the mandate)

GLC ASSET MANAGEMENT GROUP LTD.
Craig Christie, Vice-president, Institutional Investment Solutions, Great-West Life Assurance Company; 100 Osborne St. N., Winnipeg, MB R3C 3A5
PH: 204-946-4083
Fax: 204-946-8818
eMail: craig.christie@gwl.ca
Website: www.glc-amgroup.com
Management Style: Yield Curve, Credit, Index, Quantitative
Other Management Style: Interest Rate Anticipation
Passive Management Indices: FTSE TMX Canada Universe Bond Index
Ownership: The Great-West Life Assurance Company
Professional Staff: 12
Established: 2011
Performance Presentation Standards: Values of funds determined daily by segregated funds financial services department
Minimum Investment - Pooled: $5M
- Separate: $25M

GREYSTONE MANAGED INVESTMENTS INC.
David Tallman, Senior Marketing Analyst; 1230 Blackfoot Dr., Regina, SK S4S 7G4
PH: 416-309-2552
Fax: 306-585-1570
eMail: david.tallman@greystone.ca
Website: www.greystone.ca
Management Style: Yield Curve, Credit
Ownership: Principals - 67%, Third-party - 23% (Employees own 67% of the company; founding Clients own 23%)
Professional Staff: 9
Established: 1988
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5 million
- Separate: $5 million

GUARDIAN CAPITAL LP
Robert Broley, Senior Vice-president; 199 Bay St, Commerce Court W., Ste. 3100, Toronto, ON M5L 1E8
PH: 416-947-4086
Fax: 416-364-9634
eMail: rbroley@guardiancapital.com
Website: www.guardiancapital.com
Management Style: Yield Curve, Credit, Structured Products, Immunized, Quantitative
Ownership: Guardian Capital Group Limited
Professional Staff: 6
Established: 1962
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $1M
- Separate: Varies by Mandate

HSBC GLOBAL ASSET MANAGEMENT (CANADA) LIMITED
Ramy Zakher, Vice-president, Institutional Investments; Ste. 300, 70 York St., Toronto, ON M5J 1S9
PH: 416-868-8286
Fax: 416-361-6345
eMail: ramy.x.zakher@hsbc.ca
Website: www.assetmanagement.hsbc.com
Management Style: Yield Curve, Credit
Ownership: Indirect wholly-owned subsidiary of HSBC Holdings plc
Professional Staff: 47
Established: 1980
Performance Presentation Standards: Claims compliance with GIPS
Minimum Investment - Pooled: $10M
- Separate: $100M
7 - HSBC Global Asset Management (Canada) Limited has 4 dedicated fixed income professionals. However, HSBC Global Asset Management's fixed income approach is systematic and efficient and has been designed to deliver the benefits of a global platform (comprised of approximately 130 investment professionals, including 70+ fixed income portfolio managers, 15 quantitative analysts and portfolio engineers, 10+ macro and global economists and 40+ seasoned sector-specialist credit analysts) with the nimbleness of autonomous local decision-making.

INTEGRA CAPITAL LIMITED
Charles Swanepoel, Chief Investment Officer & Portfolio Manager; 200-2020 Winston Park Dr., Oakville, ON L6H 6X7
PH: 905-829-1131
Fax: 905-829-2726
eMail: contactus@integra.com
Website: www.integra.com
Management Style: Yield Curve, Credit, Structured Products, Quantitative
Ownership: Principals - 90.5%, Third-party - 9.5% (Gryphon Investment Council)
Professional Staff: 5
Established: 1987
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $1M
- Separate: $1M

INVESCO CANADA LTD.
Michael Peck, Vice-president, Head of Canadian Institutional; 120 Bloor St. E., Ste. 700, Toronto, ON M4W 1B7
PH: 416-324-7679
Fax: 416-590-7742
eMail: michael.peck@invesco.com
Website: www.institutional.invesco.ca
Management Style: Yield Curve, Structured Products
Other Management Style: Credit Selection: 80% Yield Curve: 10% Interest rate anticipation: 10%
Ownership: Principals - 7%, Public - 93%
Professional Staff: 160
Established: 1981
Performance Presentation Standards: Claims compliance with GIPS
Minimum Investment - Pooled: $1M
- Separate: $25M

J ZECHNER ASSOCIATES INC.
David Cohen, President; 200 Bay St., Ste. 3205, Royal Bank Plaza, South Tower, Toronto, ON M5J 2J2
PH: 416-867-8649
Fax: 416-867-8705
eMail: dcohen@jzechner.com
Website: www.jzechner.com
Management Style: Yield Curve, Credit
Other Management Style: Interest Rate Anticipation
Ownership: Principals
Professional Staff: 4
Established: 1993
Performance Presentation Standards: CFA Institute
Minimum Investment - Pooled: $150,000
- Separate: $5M

J.P. MORGAN ASSET MANAGEMENT (CANADA) INC.
Daniel Smith, Executive Director; Ste. 4500, TD Bank Tower, 66 Wellington St. W., Toronto, ON M5K 1E7
PH: 416-981-9142
Fax: 416-981-9196
eMail: daniel.g.smith@jpmorgan.com
Website: www.jpmorgan.com/pages/jpmorgan/canada/en/business/assetmanagement
Management Style: Yield Curve, Credit, Immunized
Ownership: Principals - Wholly-owned subsidiary of J.P. Morgan Chase & Company
Professional Staff: 200
Established: 1871
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $1M
- Separate: $50M

JARISLOWSKY FRASER LIMITED
Peter Godec, Partner; 20 Queen St. W., Ste. 3100, Toronto, ON M5H 3R3
PH: 416-363-7417
Fax: 416-363-8079
eMail: pgodec@jflglobal.com
Website: www.jflglobal.com
Management Style: Yield Curve, Credit
Ownership: Principals
Professional Staff: 4
Established: 1955
Minimum Investment - Pooled: $1M
- Separate: $15-$20M

LEITH WHEELER INVESTMENT COUNSEL
Ben Homsy, Fixed Income; 1500-400 Burrard St., Vancouver, BC V6C 3A6
PH: 604-602-8367
Fax: 604-683-0323
eMail: benh@leithwheeler.com
Website: www.leithwheeler.com
Management Style: Yield Curve, Credit
Other Management Style: Duration
Ownership: Employee-owned
Professional Staff: 8
Established: 1982
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $3M
- Separate: $10M

LETKO, BROSSEAU & ASSOCIATES
Pierre Camu / Lisa Caswell, Vice-president Client Services; 1800 McGill College Ave., Ste. 2510, Montreal, QC H3A 3J6
PH: 514-499-1200
Fax: 514-499-0361
eMail: pierre.camu@lba.ca
Website: www.lba.ca
Management Style: Yield Curve, Credit
Ownership: Principals - 84%, Third-party - 16% (Private individuals)
Professional Staff: 19
Established: 1987
Performance Presentation Standards: GIPS compliant
Minimum Investment - Pooled: $1M
- Separate: $25M

LINCLUDEN INVESTMENT MANAGEMENT
Wayne Wilson, Vice-president; 1275 North Service Rd. W., Ste. 607, Oakville, ON L6M 3G4
PH: 905-825-3543
Fax: 905-825-9525
eMail: wayne.wilson@lincluden.net
Website: www.lincluden.com
Management Style: Yield Curve, Credit
Other Management Style: Value
Ownership: Principals - 40%
Professional Staff: 3
Established: 1982
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $150,000
- Separate: $10M

LORICA INVESTMENT COUNSEL INC.
Joanne Nahibuan, Manager, Marketing & Client Services; 119 Spadina Ave., Ste. 203, Toronto, ON M5V 2L1
PH: 647-776-8107
Fax: 416-850-5393
eMail: joanne.nahibuan@loricaic.com
Website: www.loricaic.com
Management Style: Yield Curve, Credit, Index, Immunized, Quantitative
Ownership: Principals
Professional Staff: 3
Established: 2010
Minimum Investment - Separate: $5M

MACKENZIE INVESTMENTS
Chris Boyle, Senior Vice-president; 180 Queen St. W., Toronto, ON M5V 3K1
PH: 416-967-2085
Fax: 416-922-3455
eMail: cboyle@mackenzieinvestments.com
Website: www.mackenzieinstitutional.com
Management Style: Yield Curve, Credit
Other Management Style: Relative Value
Ownership: IGM Financial Inc.
Professional Staff: 12
Established: 1967
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
- Separate: $20M

MANULIFE ASSET MANAGEMENT
Adam Neal, Canadian Head of Sales & Relationship Management; NT6, 200 Bloor St. E., Toronto, ON M4W 1E5
PH: 416-852-2204
Fax: 416-926-5700
eMail: adam_neal@manulifeam.com
Website: www.manulifeam.com
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized
Passive Management Indices: FTSE/TMX Canada Universe Bond Index, FTSE/TMX Canada Long Bond Index, FTSE/TMX Canada Corporate Bond Index, FTSE/TMX Canada Short Bond Index
Ownership: Manulife Financial Corporation
Professional Staff: 15
Established: 1949
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
- Separate: $25M

MARRET ASSET MANAGEMENT
Barry Allan, President; 200 King St. W., Toronto, ON M5H 3T4
PH: 416-214-5800
Fax: 647-439-6471
eMail: info@marret.com
Website: www.marret.com
Management Style: Credit
Ownership: Principals - 35%, Third-party - 65%
Professional Staff: 7
Established: 2001
Performance Presentation Standards: Yes
Minimum Investment - Pooled: $1M
- Separate: $25M

MAWER INVESTMENT MANAGEMENT LTD.
Jamie Hyndman, Director of Strategic Business Development; 600, 517 - 10th Ave, Calgary, AB T2R 0A8
PH: 403-267-1974
Fax: 403-262-4099
eMail: jhyndman@mawer.com
Website: www.mawer.com
Management Style: Credit
Ownership: Principals
Professional Staff: 3
Established: 1974
Minimum Investment - Pooled: $5M
- Separate: $50M

MFS INVESTMENT MANAGEMENT CANADA LIMITED
Christine Girvan, Managing Director of Sales, Canada; 77 King St. W., 35th Floor, Toronto, ON M5K 1B7
PH: 416-361-7273
Fax: 416-862-0167
eMail: cgirvan@mfs.com
Website: www.mfs.com
Other Management Style: Interest Rate Anticipation, Yield Curve Positioning, Yield Enhancement, US Pay Strategy
Ownership: Principals - Up to 20% (remainder is Sun Life Financial, Inc.)
Professional Staff: 738
Established: 1924
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $3M
8 - As of September 30, 2015

MONTRUSCO BOLTON INVESTMENTS INC.
Richard Guay, Senior Vice-president; 1501 McGill College Ave., Ste. 1200, Montreal, QC H3A 3M8
PH: 514-842-6464
Fax: 514-282-2516
eMail: guayr@montruscobolton.com
Website: www.montruscobolton.com
Management Style: Yield Curve, Credit
Other Management Style: Top-down
Ownership: Principals - 34%, Third-party - 66% (AMG - 42% & FSTQ - 24%)
Professional Staff: 3
Established: 1946
Minimum Investment - Pooled: $5M
- Separate: $5M

NEUBERGER BERMAN LLC
Clay Khan, Managing Director, Relationship Manager; 100 King St. W., Ste. 5850, Toronto, ON M5X 1E4
PH: 416-883-6903
eMail: clay.khan@nb.com
Website: www.nb.com
Ownership: 100% Employee-owned
Professional Staff: 447
Established: 1939

NORTHERN TRUST ASSET MANAGEMENT
David Lester, Senior Vice-president; 1910-145 King St. W., Toronto, ON M5H 1J8
PH: 416-775-2215
Fax: 416-366-2033
eMail: dl101@ntrs.com
Website: www.northerntrust.com
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative
Passive Management Indices: FTSE TMX Universe Bond and FTSE TMX Long-Term Bond
Ownership: Public

OPTIMUM ASSET MANAGEMENT
Gérald Gagnon, Vice-president, Investment; 425 de Maisonneuve Blvd. W., Ste. 1620, Montreal, QC H3A 3G5
PH: 514-288-7545
Fax: 514-288-4280
eMail: GGagnon@optimumgestion.com
Website: www.optimumgestion.com/en/
Management Style: Yield Curve, Credit, Structured Products, Immunized, Quantitative
Other Management Style: FTSE TMX Canada Universe, FTSE TMX Long-Term Canada, FTSE TMX Canada Provincial
Passive Management Indices: FTSE TMX Canada Universe, FTSE TMX Long-Term Canada, Mix of FTSE TMX Canada Universe & FTSE TMX Long-Term Canada
Ownership: Principals
Professional Staff: 8
Established: 1984
Minimum Investment - Pooled: $100,000
- Separate: $5M

PHILLIPS, HAGER & NORTH INVESTMENT MANAGEMENT
John Skeans, Vice-president; 2010-200 Burrard St., Vancouver, BC V6C 3N5
PH: 604-408-6000
Fax: 604-685-5712
eMail: jskeans@phn.com
Website: www.phn.com
Management Style: Yield Curve, Credit, Structured Products, Immunized
Ownership: Public
Professional Staff: 43
Established: 1964
Performance Presentation Standards: Claims compliance with GIPS
Minimum Investment - Pooled: Varies depending on mandate, minimum fee of $75,000 per annum applies
- Separate: Varies depending on mandate, minimum fee of $150,000 per annum applies

PICTET ASSET MANAGEMENT LTD.
John Maratta, Senior Vice-president; 1000 de la Gauchetiere W., Ste. 3100, Montreal, QC H3B 4W5
PH: 514-350-6236
Fax: 514-288-4573
eMail: mtl-inst@pictet.com
Website: www.pictet.com
Other Management Style: Emerging Debt: active benchmark manager and aim to achieve positive returns over the benchmark in all market conditions; style allows us to respect the asset allocation of clients by taking active decisions relative to the benchmark
Passive Management Indices: n/a
Ownership: Principals
Professional Staff: 99
Established: 1980 (Parent - 1805)
Performance Presentation Standards: Applies GIPS standards to performance measurement
Minimum Investment - Pooled: $500,000
- Separate: $100M
9 - Firmwide: 57

PICTON MAHONEY ASSET MANAGEMENT
Taras Klymenko, Head of Institutional Business; 33 Yonge St., Toronto, ON M5E 1G4
PH: 416-955-4455
Fax: 416-955-4100
eMail: tklymenko@pictonmahoney.com
Website: www.pictonmahoney.com
Management Style: Yield Curve, Credit
Other Management Style: Credit-oriented fund that aims to hedge against the risks implicit in fixed income
Ownership: Principals
Professional Staff: 8
Established: 2004
Minimum Investment - Separate: $25MM

PIMCO CANADA CORP.
Greg Hiltz, Vice-president; 199 Bay St., Ste. 2050, Toronto, ON M5L 1G2
PH: 416-368-3349
Fax: 416-368-3576
eMail: greg.hiltz@pimco.com
Website: www.pimco.ca
Other Management Style: Active fixed income management with long-term focus utilizing all major global sectors of the bond market while managing duration within a moderate range around the benchmark
Ownership: Indirect subsidiary of Pacific Investment Management Company LLC
Professional Staff: 75810
Established: 2004
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
- Separate: $75M
10 - Total PIMCO Firmwide Investment Professionals

ROMSPEN MORTGAGE INVESTMENT FUND
Dianna Price, Executive Vice-president, IR; 162 Cumberland St., Ste. 300, Toronto, ON M5R 3N5
PH: 416-928-5105
eMail: diannaprice@romspen.com
Website: www.romspen.com
Management Style: Credit
Ownership: Principals - 5%
Professional Staff: 19
Established: 1966
Minimum Investment - Pooled: $150,000

RUSSELL INVESTMENTS CANADA
Joseph Gelly, Managing Director & Head of Institutional, Canada; 100 King St. W., Ste. 5900, Toronto, ON M5X 1E4
PH: 416-640-2507
Fax: 416-362-4494
eMail: jgellt@russell.com
Website: www.russell.com/ca
Other Management Style: Multi-manager
Ownership: Wholly-owned subsidiary of London Stock Exchange Group
Established: 1936
Minimum Investment - Pooled: $10M

SCOTIA INSTITUTIONAL ASSET MANAGEMENT
Jean Pierre Cadorette, Director, Institutional Fixed Income Product Specialist; 1 Adelaide St. E., 28th Floor, Toronto, ON M5C 2V9
PH: 416-365-2991
Fax: 416-365-5634
eMail: jeanpierre.cadorette@scotiabank.com
Website: www.scotiabank.com/siam
Management Style: Yield Curve, Credit, Immunized
Ownership: Scotiabank
Professional Staff: 19
Minimum Investment - Pooled: $10M
- Separate: $25M

SEAMARK ASSET MANAGEMENT (2013) LTD.
Don Wishart, President; 1801 Hollis St., Ste. 810, Halifax, NS B3J 3N4
PH: 902-423-4741
Fax: 902-423-1518
eMail: dwishart@seamark.ca
Website: www.seamark.ca
Management Style: Yield Curve, Credit
Professional Staff: 2
Established: 1982
Minimum Investment - Pooled: $150,000
- Separate: $1M

SEI INVESTMENTS CANADA COMPANY
Thomas Reimer, Head of Institutional Sales; 70 York St., Ste. 1600, Toronto, ON M5J 1S9
PH: 416-847-6370
Fax: 416-777-9093
eMail: Treimer@seic.com
Website: www.seic.com
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative
Ownership: Public
Professional Staff: 10
Established: 1968
Performance Presentation Standards: Follows GIPS
Minimum Investment - Pooled: $10M
- Separate: $10M

STANTON ASSET MANAGEMENT
Rocio Gueto, Vice-president, Business Development; 1010 Sherbrooke W., Montreal, QC H3A 2R7
PH: 514-849-2007
Fax: 514-849-0067
eMail: rgueto@stantonasset.com
Website: www.stantonasset.com
Management Style: Credit
Other Management Style: Senior Loans & Multi-credit Strategy
Ownership: Principals
Professional Staff: 4
Established: 2004
Minimum Investment - Pooled: $1M
- Separate: $20M; $50M for a Senior Loan Mandate

STATE STREET GLOBAL ADVISORS, LTD.
Michael W. Brown, Vice-president,; 30 Adelaide St. E., Ste. 500, Toronto, ON M5C 3G6
PH: 647-775-5778
Fax: 647-775-7264
eMail: Michael_W_Brown@SSgA.com
Website: www.ssga.ca
Management Style: Index
Passive Management Indices: FTSE TMX Canada Universe Bond Index TM, FTSE TMX Canada Long-term Overall Bond Index TM, FTSE TMX Canada Long-term Government Bond Index TM, FTSE TMX Canada Real Return Bond Index TM, FTSE TMX Canada Short-term Overall Bond Index TM, FTSE TMX Canada Strip Long-term Bond Index TM
Ownership: Public - over 95% (Division of State Street Bank and Trust Company, a wholly-owned subsidiary of State Street Corporation, a publicly traded bank holding company )
Professional Staff: 8011
Established: 1991
Performance Presentation Standards: Compliant with GIPS
Minimum Investment - Pooled: Minimum annual fee applies
- Separate: Minimum annual fee applies
11 - Total number of fixed income & cash investment professionals for SSgA worldwide.

SUN LIFE GLOBAL INVESTMENTS
Lori Landry, Chief Marketing Officer & Head of Institutional Business; 225 King St. W., Toronto, ON M5V 3C5
PH: 416-408-7799
Fax: 416-586-0399
eMail: lori.landry@sunlife.com
Website: sunlifeglobalinvestments.com/institutional
Management Style: Yield Curve, Credit, Index, Quantitative
Passive Management Indices: DEX Universe Bond Index
Ownership: Sun Life Financial
Professional Staff: 12
Established: 2010
Performance Presentation Standards: N1 81-102 Investment funds regulatory requirement. (1, 3, 5, 10 yr, plus since inception if no 10 yr)
Minimum Investment - Separate: N/A
12 - N/A - Fixed income funds are sub advised by BlackRock and Beutel Goodman

SUN LIFE INVESTMENT MANAGEMENT INC.
Carl Bang, President; 150 King St. W., Toronto, ON M5H 1J9
PH: 416-204-3855
eMail: carl.bang@sunlife.com
Website: www.sunlifeinvestmentmanagement.com
Management Style: Credit, Immunized
Ownership: Public (Indirect wholly-owned subsidiary of Sun Life Financial Inc)
Professional Staff: 13913
Established: 2013
Minimum Investment - Pooled: Varies
- Separate: Varies
13 - The number of investment professionals above is as of September 30, 2015. Sun Life Investment Management Inc. leverages the investment operations of Sun Life Assurance Company of Canada.

T. ROWE PRICE
Bruce E. Winch, Head of Sales, Canada; 161 Bay St., Ste. 2700, Toronto, ON M5J 2S1
PH: 416-572-2582
Fax: 416-572-4085
eMail: bruce_winch@troweprice.com
Website: www.troweprice.com
Management Style: Credit
Other Management Style: Bottom-up, fundamental investment approach by performing deep and focused credit research
Passive Management Indices: Barclays Capital U.S. Aggregate Bond Index (TRP US Bond Index Fund)
Ownership: Public
Professional Staff: 171
Established: 1937
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: Varies by strategy & product
- Separate: Varies by strategy & product

TD ASSET MANAGEMENT INC.
Mark Cestnik, Managing Director – Institutional Distribution; 161 Bay St., 34th Floor, Toronto, ON M5J 2T2
PH: 416-983-7088
eMail: Mark.Cestnik@tdam.com
Website: www.tdaminstitutional.com
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative
Other Management Style: Duration Extension, Active Fundamental
Passive Management Indices: FTSE TMX Canada Universe Bond, FTSE TMX Canada 20+ Strip Bond Index, FTSE TMX Canada Real Return Bond, FTSE TMX Canada Long Bond, FTSE TMX Canada Long Govt. Bond, FTSE TMX Canada Corp. Bond, FTSE TMX Canada Govt. Bond, FTSE TMX Canada Provincial Long Bond, FTSE TMX Canada Mid-term Provincial Bond Index, FTSE TMX Canada Long Corporate
Ownership: Wholly-owned subsidiary of Toronto-Dominion Bank
Professional Staff: 45
Established: 1987
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $10M
- Separate: $50M (Active) $200M (Passive)

TORON ASSET MANAGEMENT INTERNATIONAL
James Porter, Portfolio Manager and Managing Director; 590 King St. W., Ste. 200, Toronto, ON M5V 1M3
PH: 416-977-6767
Fax: 416-977-7650
eMail: james.porter@toron-ami.com
Website: www.toron-ami.com
Management Style: Yield Curve, Credit, Index
Ownership: Principals - 90%, Third-party - 10% (Cidel Financial Group)
Professional Staff: 4
Established: 1959
Minimum Investment - Pooled: $25,000M
- Separate: $500,000M

WELLINGTON MANAGEMENT COMPANY LLP
Akin N. Greville, Managing Director; 280 Congress St., Boston, MA 02210
PH: 617-951-5000
eMail: mig@wellington.com
Website: www.wellington.com
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative
Other Management Style: Canadian Universe Bond Plus, Canadian Long Bond Plus, Regional investment grade & non-investment grade approaches Credit (both country-specific & global), Mortgage-Backed, Municipal, Emerging Markets Debt, Multi-currency
Ownership: Principals
Professional Staff: 226
Established: 1928
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
- Separate: Varies

YTM CAPITAL ASSET MANAGEMENT LTD.
Daniel Child, Partner; 295 Robinson St, Ste. 202, Oakville, ON L6J 4V1
PH: 905-844-1661
eMail: daniel.child@ytmcapital.com
Website: www.ytmcapital.com
Management Style: Credit
Ownership: Principals - 100
Professional Staff: 3
Established: 2010
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5MM

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