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About

    Our Firm

    Founded in 1996, Hillsdale Investment Management is an independent, partner-owned and client-aligned investment boutique managing over $3 billion on behalf of a select group of sophisticated institutional and private wealth investors. We engage in disciplined active investment management, specializing in equities, alternatives, ESG and customized mandates. We are committed to producing the highest quality equity investment strategies. Hillsdale is recognized for both investment and service excellence – a reflection of our relentless pursuit of research and development and the dedication of our partners and employees who invest alongside our clients.

    Facts at a Glance

    22
    Years in business
    169+
    Clients
    30+
    Staff
    16
    Postgraduate degrees
    13
    CFA Charterholders
    0.2%
    Deviation from risk target over the past five years, average of all strategies
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    Principles

    The lifeblood of Hillsdale’s investment culture is constant improvement – in our investment process and knowledge base. We value curiosity, humility and resilience, and we strive to build and maintain an open, collegial and dynamic environment where people are driven to discover new investment insights, challenge the obsoletes and, ultimately, make a difference in the lives of the people we serve.

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    Values

    These core values are central to Hillsdale’s culture and success.

    Curiosity

    A penchant for seeking out new experience, original knowledge, candid feedback and an openness to learning and change.

    Engagement

    A knack for using interaction and logic to communicate a persuasive vision and to work with people.

    Humility

    The mature ability to maintain a balanced perspective and to rely on intrinsic self-worth. 

    Integrity

    Being conscious about ethical issues and having the courage to integrate multiple perspectives and approaches to take sound actions.  

    Motivation

    A fierce commitment to excel in the pursuit of big collective goals and a powerful ambition to leave one’s mark.

    Resilience

    The wherewithal to fight for difficult goals despite challenges, and to bounce back from adversity.

    History

    Hillsdale’s growth.

    1996

    Small Cap Equity: Hillsdale starts Canadian and US Small Cap Equity Strategies.

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    2000

    Long/Short Equity: Hillsdale launches Canadian and US Long/Short Equity Strategies, two of the earliest long/short equity strategies in Canada.

    2007

    130/30 Equity: Hillsdale adds Active Extension strategies.

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    2009

    Core Equity: Hillsdale introduces Canadian Core Equity Strategy.

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    2010

    Absolute Return Equity: Hillsdale develops Hedged Absolute Return Strategy.

    2011

    Minimum Risk Equity: Hillsdale adds Minimum Risk Equity Strategies.

    2012

    Return Premia: Hillsdale enters Smart Beta with the introduction of Canadian Value Momentum Quality Strategy and Canadian Quality Income Equity Strategy.

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    2013

    Global Small Cap Equity: Hillsdale goes global with Global Small Cap Equity Strategy.

    2016

    Global All Cap Equity: Hillsdale expands global offerings to include Global All Cap Value Momentum Quality Equity Strategy.

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    Future

    Hillsdale is committed to producing the highest quality investment strategies.

    1996
    2000
    2007
    2009
    2010
    2011
    2012
    2013
    2016
    Future

    If you want to go far,
    go with many.

    Christopher Guthrie, President & CEO

    People

    The process of building lasting excellence is labourious, long and ambiguous. We believe that in this journey, it is more rewarding to work with those who understand what it takes and who appreciate that the whole can be stronger than the sum of its parts.

    Hillsdale attracts exceptional individuals who are keen to foster and advance our culture. We bring together a team of professionals with diverse, yet complementary, skillsets and backgrounds. They join us from top academic programs and leading industry firms. Many spend years building their success with Hillsdale, becoming our invaluable partners.

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    Careers

    Hillsdale is constantly on the lookout for exceptional people to join our team. We offer a unique and independent work environment with opportunity for advanced learning and growth. If our culture and values speak to you, we would like to hear from you.

    We are now seeking qualified candidates for the following specific opportunities:

    Meeting

    Advocacy


    CFA Society Toronto & Hillsdale Canadian Investment Research Award

    At Hillsdale, we believe in seeking out different perspectives. We believe this is key to raising the quality of discussions, to innovating, and to adapting – all of which are vital to the long-term success of our industry, our firm and our relationships with investors.

    To this end, Hillsdale helped establish one of the most prestigious investment research awards in Canada: the CFA Society Toronto & Hillsdale Canadian Investment Research Award. The aim of the award is to advance the knowledge and understanding of the practice of investment management through the publication of high-quality, practitioner-relevant research.

    This $10,000 CAD Award is open to all those conducting research related to Canadian capital markets. Areas of research interest include any aspect of investment management, such as portfolio management, asset valuation, risk management, compliance and performance evaluation. Investment fields include traditional and alternative investments, as well as all asset classes and investment vehicles such as fixed income, equities, and derivatives.

    Learn more about the award


    Canadian Coalition for
    Good Governance

    Hillsdale is an active member of CCGG. Representing the interests of institutional investors, CCGG promotes good governance practices in Canadian public companies and the improvement of the regulatory environment to best align the interests of boards and management with those of their shareholders, and to promote the efficiency and effectiveness of the Canadian capital markets.

    Hillsdale is co-author of “The Directors' E+S Guidebook”, which provides practical insights and recommendations for effective board oversight of Environmental and Social matters.

    Hillsdale has used Corporate Governance data in its security selection since 2012.

    Learn more about CCGG

    Proxy Voting

    In 2018, Hillsdale voted over 10,000 proxies for the companies in its pooled funds as well as on behalf of clients in their separate accounts. The “against” votes were cast largely to oppose unaligned compensation, to counter excessive dilution of shareholder interests, and to challenge the lack of director independence.

    Hillsdale Proxy Voting Summary 2018

    Hillsdale Proxy Voting Summary 2017

    Hillsdale Proxy Voting Summary 2016

    Hillsdale Proxy Voting Summary 2015

    Industry Associations

    Hillsdale is a member of the following industry associations:


    Portfolio Managers
    Association of Canada


    Alternative Investment
    Management Association

     


    Employees of Hillsdale are members of the following:


    CQA (Chicago Quantitative Alliance)
    The primary goal of the group is to facilitate the interchange of ideas between leading quantitative professionals. The discussion is focused on practitioner issues and involves active participation by all members.


    Q Group
    Advancing the practice of global investment management by connecting investment professionals with rigorous research and ideas at the frontier of the industry. Through its seminars and programs, Q Group promotes excellence in research that demonstrates grounded logic and disciplined scientific methodology in finance, economics and those crossing disciplines. With an interest in research for applications, for 50 years Q Group has provided a forum for investment professionals to engage the academic community in a spirited dialogue.


    CFA Society


    ACPM – Association of Canadian Pension Management

    Knowledge Bank

    To continually inspire, refine and adapt our process and philosophy, we have always drawn on formative academic and applied research. Please see our Research section for articles which have contributed to our learning journey.

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    Community

    We aim to make a difference.

    This philosophy extends beyond our jobs and clients. Hillsdale people are dedicated to enhancing the communities where we work and live. Our firm supports a diverse group of high quality charities and organizations.

    We support

    • Against Malaria Foundation
    • Alzheimer Society Canada
    • Alzheimer Society Peel
    • Art Gallery of Ontario
    • Baycrest Foundation
    • BayCrest Pro Am
    • Big Brothers Big Sisters Toronto
    • Canadian Breast Cancer Foundation
    • Canadian Cancer Society
    • Canadian Circadians
    • Canadian Olympic Foundation
    • Down Syndrome Research Foundation
    • Fred Victor
    • Heart and Stroke Foundation
    • Junior Achievement of Central Ontario
    • Juvenile Diabetes Research Foundation
    • Kids, Cops & Computers
    • Last Post Fund
    • Lay Up
    • Mount Sinai Hospital Auxiliary
    • Nanny Angel Network
    • Portage
    • Prostate Cancer Canada
    • Providence Healthcare Foundation
    • Ride to Conquer Cancer
    • Save a Child’s Heart
    • SickKids Foundation
    • The Redwood
    • The Terry Fox Foundation
    • United Jewish Appeal Federation of Greater Toronto
    • United Way Centraide Canada
    • Village Community Foundation
    • Wellspring Cancer Support Foundation
    • Yachad - The National Jewish Council for Disabilities
    Photo collage of our community work.
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