
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

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.

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 of Innovation

If you want to go far,
go with many.
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.

Christopher Guthrie

Harry Marmer
BBA, MBA, CFA

Amit Goel
MBA, CFA, CFP

Kelly Reynolds
M.SC., CFA, CIM

Ian Rhoden
B.COMM, CPA, CA, CIM

Christopher DeSantis
BA, CFA

Selwyn Yuen
BASc, MASc, MFin, PhD, CFA

Tony Batek
BMath, CFA

Alfred Sum
BSc, MSc, CFA, FRM

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:
MANAGER, PRIVATE CLIENT INVESTMENT SERVICES
Posted: February 13, 2021
INSTITUTIONAL INVESTMENT SERVICES ASSOCIATE
Posted: February 13, 2021
SENIOR QUANTITATIVE ANALYST
Posted: November 16, 2020

Advocacy
The Hillsdale Investment Management - CFA Society Toronto 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 Hillsdale Investment Management - CFA Society Toronto 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 all aspects of investment management, including portfolio management, asset valuation, risk management, ESG integration, 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.
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 engages annually with over 35 Canadian public companies at the board of directors level in cooperation with the Canadian Coalition of Good Governance (CCGG). In addition, Hillsdale engages directly with company management of its largest holdings in its Canadian Small and Micro Cap accounts We continue to defend our clients against takeovers and buyouts at prices that do not represent Fair Value.
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 endorses the CCGG’s Stewardship Principles.
Hillsdale has used Corporate Governance data in its security selection since 2012.
Proxy Voting
In 2019, Hillsdale voted over 12,000 proxies for the companies in its pooled funds as well as on behalf of clients in their separate accounts. The “against” votes were cast to oppose unaligned compensation, to counter excessive dilution of shareholder interests, to challenge the lack of director independence and to defend our investors’ rights to secure Fair Value in the event of takeovers and management buyouts.
Hillsdale Proxy Voting Summary 2019
Hillsdale Proxy Voting Summary 2018
Hillsdale Proxy Voting Summary 2017
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.

Community
We aim to make a difference.
This philosophy extends beyond our jobs and clients. Hillsdale is dedicated to enhancing the communities in which we work and live. Our firm supports a diverse group of high quality charities and organizations.
The Hillsdale Workplace Giving Program matches employees’ charitable donations up to $500/year providing employees the opportunity to double their donation to their favourite charities.
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
- Covenant House Toronto
- Down Syndrome Research Foundation
- ErinoakKids Centre for Treatment and Development
- 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

