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About Us An overview of our organization
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What We Do
Expertise Information about our experience and capabilities
Investment Approach Our approach to investment management, research, opportunities and risk
Investment Strategies Details about the investment services we offer
Client Services Our approach and commitment to servicing our clients
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CC&L Group Canadian Equity

Investment Objective

  • Generate returns equal to the return of the benchmark, 98% S&P/TSX Capped Composite Index + 2% FTSE Canada 91 day T-Bill Index, plus 2% per annum over a market cycle.
  • Maximize long-term total return while prudently managing investment risk relative to the benchmark.


  • Diversified core approach using both CCL’s fundamental and quantitative investment strategies.
  • Fundamental, bottom-up security selection.
  • Focus on companies with strong growth characteristics and strong balance sheets that are attractively priced.
  • Proprietary database covering 12,000 stocks.
  • Proprietary risk model and portfolio construction process.
  • Deep, stable and experienced management teams.

Investment Philosophy

  • Philosophy is based on sound fundamental investment principles.
  • Opportunities exist when fundamentals vary from consensus expectations.
  • Informational and behavioural inefficiencies can be exploited within equity markets.
  • All capitalization coverage maximizes breadth of opportunities.
  • Investment process is rigorous, objective and applied with consistency and discipline.
  • Risk management reduces the potential negative impact of unexpected market volatility.
  • A significant commitment to research and development enhances the process.

Investment Process

  • Quantitative process: Disciplined, risk-controlled investment approach with continuous evaluation of all opportunities in the investment universe.
  • Fundamental process: Analyze all companies comparing fundamentals, assessing management, talking to analysts, setting milestones, etc., and then selecting the stocks for the portfolio.
  • Disciplined risk management process: Stock and sector exposures as well as overall portfolio risk are managed using state of the art risk management techniques.
  • Proprietary industry classifications: All stocks grouped into industry sectors, custom classifications provide appropriate peer comparisons, better investment decisions.
  • Ongoing research: Markets are in constant evolution, significant commitment to the ongoing enhancement of investment process, quantitative investment techniques and risk management.

Portfolio Construction & Risk Management

  • The Fund follows an “enhanced” approach that invests 50% in CC&L’s traditional fundamental core strategy and 50% in CC&L’s quantitative Q Core portfolio.
  • Proprietary factor-based risk model generates daily risk forecasts.
  • There are explicit position limits; portfolio is well diversified.

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