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, Quantitative
Other Management Style: Multi-Asset
Ownership: Principals - 64.17%, Public - 22.13%, Third-party - 13.70% (As of Sept 30, 2016, AB LP’s beneficial ownership was: 64.17% owned by AXA Financial, Inc.; 22.13% owned by Public; 13.70% owned by AllianceBernstein Directors, Officers and employees; though our majority shareholder is AXA Financial, as a firm we operate independently.)
Professional Staff: 1711
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).
Minimum Investment - Pooled: Varies by Strategy
- Separate: Varies by Strategy
1 - This includes portfolio managers, research analysts and traders as of September 30, 2016

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
Ownership: Public - 96.9% (As a publicly traded company, the ownership of Aberdeen PLC is subject to change. Aberdeen PLC’s top shareholders as of September 30, 2016 were as follows: Mitsubishi UFJ Trust and Banking 17.1%, Lloyds Banking Group 9.8%, Capital Research and Management 9.7%, BlackRock 5.8%, Invesco 3.0%, Aberdeen Directors, management and staff 3.1* *All figures are on an undiluted figure basis except directors, management and staff which are shown fully diluted. Source: Aberdeen PLC; as of September 30, 2016)
Professional Staff: 143
Established: 1983
Performance Presentation Standards: Verified through 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 & Customized Hybrid Benchmarks
Ownership: Co-operators Financial Services Limited - 72.05% Fonds de Solidarité FTQ - 20.79% Employees including former Management Shareholders - 7.16%
Professional Staff: 33
Established: 1985
Performance Presentation Standards: Claims compliance with GIPS, but not independently verified
Minimum Investment - Pooled: $5M
- Separate: $20M

ALGONQUIN CAPITAL
Raj Tandon, Founding Partner; 1 Yonge St., 1801, Toronto, ON M5E 1W7
PH: 416-214-3493
Fax: 416-369-0515
eMail: raj.tandon@algonquincap.com
Website: www.algonquincap.com
Management Style: Credit
Ownership: Principals
Professional Staff: 4
Established: 2014
Minimum Investment - Pooled: $100,000
- Separate: $20M

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, Immunized
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: 8
Established: 1988
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
- Separate: $10M

BARINGS
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: 235
Established: 1940
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
- Separate: $20M

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/ca
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 - 78.7%, Third-party - 21.3% (PNC Financial Services Group, Inc.)
Professional Staff: 458
Established: 1988
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: Varies by mandate
- Separate: Varies by mandate

BMO GLOBAL ASSET MANAGEMENT
Sam DiTella, Institutional Sales & Service; First Canadian Place, 43rd Floor, 100 King St. W., Toronto, ON M5X 1A1
PH: 844-855-7034
Fax: 416-359-5950
eMail: sam.ditella@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: 92
Established: 1982
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: Minimum Annual Fee $25,000.
- Separate: $100M
2 - Total includes Canada only.

BNP PARIBAS INVESTMENT PARTNERS
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: 633
Established: 1972
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $10M
- Separate: $50M
3 - 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

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: Disciplined, active, value-driven, strategic approach to global bonds
Passive Management Indices: Not applicable as the Firm does not use passive management.
Ownership: Legg Mason, Inc.
Professional Staff: 28
Established: 1986
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $500,000
- 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, 2015
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: 27
Established: 1997
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $10M ($1M if through a consultant Canso has existing relationship with)
- Separate: $50M

CI INSTITUTIONAL ASSET MANAGEMENT
Tom Johnston, Senior Vice-president; 2 Queen St. E., 19th Floor, Toronto, ON M5C 3G7
PH: 416-681-7084
Fax: 416-681-8849
eMail: tjohnston@ci.com
Website: www.ciinstitutional.com
Management Style: Yield Curve, Credit, Structured Products
Ownership: Principals - 5-10%, Public - 90-95%
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.cibc.com/ca/asset-management
Management Style: Yield Curve, Structured Products, Index, Immunized, Quantitative
Other Management Style: Multi-alpha
Passive Management Indices: FTSE TMX Universe Bond Index, FTSE TMX Short-term Bond Index, FTSE TMX Long-term Bond Index, FTSE TMX Real Return Bond, Customized Liability Benchmark
Ownership: Member of the CIBC group of companies, wholly-owned by Canadian Imperial Bank of Commerce
Professional Staff: 21
Established: 1972
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $10M

CIDEL ASSET MANAGEMENT INTERNATIONAL
James Porter, Head of Canadian and Institutional Business Development; 60 Bloor St. W. - Ste. 900, Toronto, ON M4W 3B8
PH: 416-977-6767
Fax: 416-977-7650
eMail: jporter@cidel.com
Website: www.cidel.com
Management Style: Yield Curve, Credit, Index
Ownership: Principals - 90%, Third-party - 10% (Cidel Bank and Trust)
Professional Staff: 4
Established: 1959
Minimum Investment - Pooled: $25,000M
- Separate: $500,000M

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, Immunized, Quantitative
Ownership: Principals - 71.4%, Third-party - 28.6% (Connor, Clark & Lunn Financial Group Ltd.)
Professional Staff: 12
Established: 1982
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $10M
- Separate: $15M

DESJARDINS GLOBAL ASSET MANAGEMENT
Rocio Gueto and Marco Larocque, Directors, Relationship Management; 1 Complexe Desjardins, 25th South Tower, Montreal, QC H5B 1B3
PH: 514-350-8686
Fax: 514-281-7253
eMail: gestionclientele@desjardins.com
Website: www.desjardins.com/ca/business/investment/institutional-portfolio-management/index.jsp
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative
Passive Management Indices: FTSE TMX Canada Universe Bond Index and Customized Indices
Ownership: Wholly-owned subsidiary of the Desjardins Group
Professional Staff: 134
Established: 2003
Minimum Investment - Pooled: $1M
- Separate: $25M
4 - 8 portfolio managers, 3 analysts and 2 directors as at December 2016

FEDERATED INVESTORS, INC.
David Gregoire, Vice-president, Global Institutional Sales Consultant; 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
Other Management Style: 53 asset class styles as of September 30, 2016
Passive Management Indices: N/A
Ownership: Principals - 10.50%, Public - 85.00%, Third-party - 4.50% (Publicly traded, but privately controlled)
Professional Staff: 1085
Established: 1955
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: Varies by product
- Separate: US$25M, however, this is negotiable
5 - Data includes Fixed Income Analysts, Portfolio Managers, and Traders as of September 30, 2016.

FIDELITY CANADA INSTITUTIONAL
Michael Barnett, Executive Vice-president, Institutional; 483 Bay St., Toronto, ON M5G 2N7
PH: 416-217-7773
Fax: 416-307-5511
eMail: michael.barnett.toronto@fmr.com
Website: institutional.fidelity.ca
Management Style: Yield Curve, Credit, Structured Products, Index
Ownership: Principals
Professional Staff: 211
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, Quantitative
Ownership: Principals - 17%, Public - 53%, Third-party - 30% (Canadian financial institutions)
Professional Staff: 26
Established: 2003
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
- Separate: $20M

FORESTERS ASSET MANAGEMENT INC.
Melanie del Rio, Associate Client Services Director; 5000 Yonge St., 8th Floor, Toronto, ON M2N 7J8
PH: 416-226-8067
Fax: 416-226-8051
eMail: melanie.delrio@foresters.com
Website: www.forestersassetmgmt.com
Management Style: Credit
Ownership: The Independent Order of Foresters (Canada)
Professional Staff: 5
Established: 2001
Minimum Investment - Pooled: $150,000
- Separate: $10M

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 - 36%, Third-party - 64% (Affiliated Managers Group)
Professional Staff: 5
Established: 1980
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $2M
- Separate: $10M

FRANKLIN TEMPLETON INSTITUTIONAL
Matthew Williams, Head of Institutional & Client Service; 200 King St. W., Ste. 1400, Toronto, ON M5H 3T4
PH: 416-957-6000
eMail: matthew.williams@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: 180
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.
Sean Collins, Senior Vice-president, Institutional Relationships; Ste. 4510, 77 King St. W., Toronto, ON M5K 1J3
PH: 416-309-2183
Fax: 416-309-2189
eMail: inquiries@greystone.ca
Website: www.greystone.ca
Management Style: Yield Curve, Credit
Ownership: Principals - 70%, Third-party - 30% (Employees own 70% of the company; founding clients own 30%)
Professional Staff: 9
Established: 1988
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
- Separate: $5M

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: 7
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: 46
Established: 1980
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $10M
- Separate: $50M
6 - 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.

INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES INC.
Renee Laflamme, Vice-president, Group Savings & Retirement; 1080 Grande Allee W., Quebec City, QC G1K 7M3
PH: 418-684-5252
Fax: 418-684-5187
eMail: renee.laflamme@inalco.com
Website: www.inalco.com
Management Style: Yield Curve, Credit, Immunized
Professional Staff: 10
Established: 2004
Minimum Investment - Pooled: 1
- Separate: 25

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, Credit, Structured Products
Other Management Style: Credit Selection - 80%; Yield Curve - 10%; Interest Rate Anticipation - 10%
Ownership: Principals - 7%, Public - 93%
Professional Staff: 167
Established: 1981
Performance Presentation Standards: 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: 5
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: 10
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
Minimum Investment - Pooled: $1M
- Separate: $25M

LINCLUDEN INVESTMENT MANAGEMENT
Wayne Wilson, Vice-president; 201 City Centre Dr., Ste. 201, Mississauga, ON L5B 2T4
PH: 905-273-3018
Fax: 905-273-4882
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
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.mackenzieinvestments.com
Management Style: Yield Curve, Credit
Other Management Style: Relative Value
Ownership: IGM Financial Inc.
Professional Staff: 10
Established: 1967
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
- Separate: $20M

MANULIFE ASSET MANAGEMENT
Adam Neal, Head of Distribution, Canada; NT5, 200 Bloor St. E., Toronto, ON M4W 1E5
PH: 416-852-7498
eMail: adam_neal@manulifeam.com
Website: www.manulifeam.com
Management Style: Yield Curve, Credit, Structured Products, Index, Immunized, Quantitative
Passive Management Indices: FTSE/TMX Canada Universe Bond Index
Ownership: Manulife Financial Corporation
Professional Staff: 14
Established: 1949
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $5M
- Separate: $25M

MATTHEWS ASIA
Celine Colgan, Head of North American Institutional Business; 4 Embarcadero Center, San Francisco, CA 94111
PH: 415-954-4545
eMail: celine.colgan@matthewsasia.com
Website: www.matthewsasia.com/institutional
Management Style: Yield Curve, Credit
Ownership: Principals - 40.5%, Third-party - 59.5%
Established: 1991
Minimum Investment - Pooled: $10M
- Separate: $50M-$100M

MAWER INVESTMENT MANAGEMENT LTD.
Jamie Hyndman, Director of Institutional 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: Asset & Sector Allocation, Security Selection, Duration & Yield Curve, Region, Currency
Ownership: Principals - Up to 20% (remainder is Sun Life Financial, Inc.)
Professional Staff: 807
Established: 1924
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $3M
7 - As of September 30, 2016

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: 1
Established: 1946
Minimum Investment - Pooled: $5M
- Separate: $5M

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 & FTSE TMX Long-Term Bond
Ownership: Public

OFI GLOBAL INSTITUTIONAL, INC.
Peter McCarthy, Vice-president, International Sales; 225 Liberty St., New York, NY 10281
PH: 212-323-5794
eMail: pmccarthy@ofiglobal.com
Website: www.ofiglobal.com
Management Style: Yield Curve, Credit, Structured Products, Index
Other Management Style: Foreign Exchange, Multi-Sector Fixed Income
Ownership: Principals - Subsidiary of OppenheimerFunds, Inc., an indirect subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual)
Professional Staff: 68
Established: OppenheimerFunds - 1959; OFI Global Institutional - 2001
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: Starts at US$50M & varies by strategy
- Separate: Starts at US$50M & varies by strategy

OPTIMUM ASSET MANAGEMENT
Brigitte Gascon, Senior Vice-president, Development; 425 de Maisonneuve Blvd. W., Ste. 1620, Montreal, QC H3A 3G5
PH: 514-288-7545
Fax: 514-288-4280
eMail: BGascon@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: 9
Established: 1985
Minimum Investment - Pooled: $100,000
- Separate: $5M

PGIM FIXED INCOME
Jeffrey Alt, Managing Director, Head of North America Client Advisory Group; 655 Broad St., 8th Floor, Newark, NJ 07102
PH: 973-367-4157
Fax: 973-802-3130
eMail: jeffrey.alt@pgim.com
Website: pgimfixedincome.com
Management Style: Yield Curve, Credit, Structured Products
Other Management Style: Active Fixed Income & Alternative Fixed Income Strategies
Ownership: Public (Prudential Financial, Inc.)
Professional Staff: 2638
Established: 1875
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: Varies by strategy
- Separate: Varies by strategy
8 - 749 fixed income employees globally

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: 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
Ownership: Principals
Professional Staff: 89
Established: 1980 (Parent - 1805)
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $500,000
- Separate: $150M
9 - 8 Investment Managers for Emerging Debt / Firmwide 56

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, Structured Products
Other Management Style: The firm offers two funds in the fixed income space. The first being a credit-oriented fund that aims to mitigate any interest rate risk. The second is a fund focused on taking advantage of special situations within the fixed income market.
Ownership: Principals
Professional Staff: 7
Established: 2004
Minimum Investment - Separate: $25M

PIMCO CANADA CORP.
Adrian Sequeira, Vice-president; 199 Bay St., Ste. 2050, Toronto, ON M5L 1G2
PH: 416-646-1803
eMail: adrian.sequeira@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: 69610
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
Fax: 416-966-1161
eMail: diannaprice@romspen.com
Website: www.romspen.com
Management Style: Credit
Ownership: Principals
Professional Staff: 19
Established: 1966
Minimum Investment - Pooled: $150,000
- Separate: Not applicable

RUSSELL INVESTMENTS CANADA
Tom Lappalainen, Director, Strategic Advice; 100 King St. W., Ste. 5900, Toronto, ON M5X 1E4
PH: 416-362-8411
Fax: 416-362-4494
eMail: tlappalainen@russellinvestments.com
Website: russellinvestments.com/ca
Other Management Style: Multi-manager
Ownership: Ownership comprises a majority stake held by funds managed by TA Associates, with minority stakes held by funds managed by Reverence Capital Partners and by Russell Investments’ management.
Established: 1936
Minimum Investment - Pooled: $10M

SCOTIA INSTITUTIONAL ASSET MANAGEMENT11
Simone Edwards, Director, Institutional Business Development; 1 Adelaide St. E., 23rd Floor, Toronto, ON M5C 2V9
PH: 416-350-3299
Fax: 416-365-5634
eMail: Simone.Edwards@scotiabank.com
Website: www.scotiainstitutional.ca
Management Style: Credit, Immunized
Ownership: Public (Scotiabank)
Professional Staff: 2212
Established: 1877
Minimum Investment - Pooled: $10M
- Separate: $25M
11 - Scotia Institutional Asset Management and its predecessor companies have managed financial assets in Canada since 1877. Scotia Institutional Asset Management is a division of 1832 Asset Management L.P., the registered investment entity for Scotiabank’s Canadian wealth management platform, and wholly owned by Scotiabank.
12 - including 12 accomplished portfolio managers, supported by a credit research team and quantitative analysts

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

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 Long Term Overall Bond Index FTSE TMX Canada Long Term Government Bond Index FTSE TMX Canada Strip Long Term Bond Index FTSE TMX Canada Real Return Bond Index FTSE TMX Canada Short Term Overall Bond Index FTSE TMX Universe Bond Index
Ownership: Public - over 95% (State Street Global Advisors, Ltd. (“SSGA Canada”) is a limited liability corporation incorporated under the laws of Canada. SSGA Canada is a wholly-owned subsidiary of SSGA International Holdings Inc. (“SSGA IH”). SSGA IH is a wholly-owned subsidiary of SSGA Inc., which is a wholly-owned subsidiary of State Street Corporation. State Street Corporation is a publicly traded bank holding company whose shares are traded on the New York Stock Exchange under the symbol “STT.”)
Professional Staff: 8313
Established: 1991
Performance Presentation Standards: Compliant with GIPS
Minimum Investment - Pooled: Minimum annual fee applies
- Separate: Minimum annual fee applies
13 - Total includes Fixed Income and Cash Portfolio Managers, Strategists, Analysts and Management. Not included are 12 fixed income traders. Figures as of September 30th 2016.

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
Other Management Style: Multi-strategy/multi-manager
Passive Management Indices: DEX Universe Bond Index
Ownership: Sun Life Financial
Professional Staff: 14
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
14 - Fixed income mandate is sub advised by mulitple managers: BlackRock, PH&N, CC&L and Templeton

SUN LIFE INSTITUTIONAL INVESTMENTS (CANADA) 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 (Sun Life Institutional Investments (Canada) Inc. is an indirect wholly-owned subsidiary of Sun Life Financial Inc., a publicly traded company listed on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.)
Professional Staff: 14015
Established: 2013
Minimum Investment - Pooled: Varies
- Separate: Varies
15 - The number of investment professionals above is as of September 30, 2016. Sun Life Institutional Investments (Canada) Inc. leverages the investment operations of Sun Life Assurance Company of Canada.

T. ROWE PRICE
Bruce E. Winch, Head of Sales, Canada; 77 King St W Ste. 4240, Toronto, ON M5K 1G8
PH: 416-360-7214
eMail: bruce_winch@troweprice.com
Website: www.troweprice.com
Management Style: Credit
Other Management Style: We implement a bottom-up, fundamental investment approach across all of our fixed income strategies, performing deep and focused credit research.
Passive Management Indices: Barclays Capital U.S. Aggregate Bond Index (TRP US Bond Index Fund)
Ownership: Public (T. Rowe Price Group, Inc. is a publicly traded company, with substantial employee ownership. Common stock owned outright by our associates, combined with outstanding vested stock options and unvested restricted stock awards, total nearly 17% of the firm's outstanding shares and outstanding vested stock options at December 31, 2015. T. Rowe Price distributes equity through both our employee stock purchase program and a stock incentive plan offering options and restricted stock: All employees are eligible to participate in the employee stock purchase program, and the firm will match the purchase of company stock up to a certain percentage of each employee's salary. Approximately 80% of employees own company stock.)
Professional Staff: 172
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: 63
Established: 1987
Performance Presentation Standards: GIPS
Minimum Investment - Pooled: $10M
- Separate: $50M (Active) $200M (Passive)

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