The smart investor: make money with the best Quebec managers

Every year, Quebecers send billions of dollars to American and English-Canadian fund managers. However, there are several very successful managers here. Here are six you need to know!

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In his new book, The masters of the stock market in Quebecfinancial author André Gosselin had the very good idea of ​​shining the spotlight on 12 outstanding Quebec managers.

Better yet, in this book we learn that the funds of six of these managers are accessible to small investors like you and me.

Saint-Jean Editor

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To invest in it, simply purchase shares in one or more mutual funds listed in the table below. The data is for the “F” series of these funds, a series intended for independent investors who use online platforms such as Wealthsimple, Disnat or Banque Nationale Direct Brokerage.

Are the returns on these funds good? To give you an idea, I have included in the table information on two of the most popular exchange traded funds (ETFs) in Canada: one which replicates the American S&P 500 index and the other, the S&P /TSX 60 of the Toronto Stock Exchange.

The funds of Quebec star managers Code Returns. 5 years Returns. 10 years Costs Assets Nadim Rizk NBI American Equity Fund NBC743 16,1% 16,5% 0,99% 2,0 G$ NBI Global Equity Fund NBC767 13,5% 14,0% 1,11% 1,3 G$ Marc Lecavalier BNI Quebec Growth Fund NBC760 13,1% 12,0% 1,11% 726 M$ Robert Beauregard Fonds Global Alpha CC&L CCL451 8,1% 10,2% 1,36% 1,6 G$ Daniel Dupont Fonds Fidelity Grande Capitalisation Canada FID631 14,5% 10,3% 1,09% 8,5 G$ Maxime Lemieux Fidelity Northern Frontier Fund FID625 11,4% 8,9% 1,08% 5,9 G$ Hugo Lavallée Fonds Fidelity Canada Plus FID1646 18,9% 14,5% 1,10% 6,8 G$ Fonds Fidelity Potentiel Canada FID615 15,8% 12,2% 1,10% 5,2 G$ Comparisons FNB BMO S&P 500 (É.-U.) ZSP 16,1% 15,1% 0,09% 17,0 G$ FNB iShares S&P/TSX 60 Index (Canada) XIU 11,0% 8,4% 0,18% 14,6 G$ Notes: Annualized returns as of September 30, 2024. Data for mutual funds is for Series F (discount brokerage).

Six star Quebec managers

Nadim Rizk, Pinestone

Born in Lebanon, but based in Montreal since his university days, Nadim Rizk achieved quite a feat: increasing the assets under management of a Fiera Capital stock portfolio from $300 million in 2009 to $70 billion. $ today. In 2021, Mr. Rizk founded his own firm, Pinestone, which today manages three funds.

Marc Lecavalier, Fiera Capital

Since 2004, Marc Lecavalier has been interested in the shares of Quebec companies listed on the stock exchange. First employed by Natcan, Mr. Lecavalier joined the ranks of Fiera upon the acquisition of this subsidiary of the National Bank in 2012.

Robert Beauregard, Global Alpha

After working for the Canadian army, IBM, Raymond Chabot Grant Thornton, Alcan, Caisse de dépôt and Natcan, Robert Beauregard founded his own investment firm, Global Alpha, in 2008. He specializes in SME stocks around the world.

Daniel Dupont, Fidelity


Daniel Dupont

Photo LinkedIn

Three of the best Canadian managers of the American giant Fidelity are based in Montreal. Daniel Dupont, who has managed the Fidelity Large Cap Canada fund since 2011, hates stock market falls. “Protecting his clients’ capital is his obsession,” writes André Gosselin.

Maxime Lemieux, Fidelity


From top left clockwise: Nadim Rizk (Pinestone), Robert Beauregard (Global Alpha), Marc Lecavalier (Fiera Capital) and Hugo Lavallée (Fidelity).

Maxime Lemieux

Photo Fidelity

A native of Quebec, Maxime Lemieux has been interested in the world of investing since his godfather joined him in an investment club at the age of 11. In 2008, when he was only 34 years old, he was named Mutual Fund Manager of the Year in the United States (international category). Since 2009, he has managed the Fonds Fidelity Frontière fund.

Hugo Lavallée, Fidelity

Joining Fidelity in 2002, Hugo Lavallée initially saw his application rejected by the powerful firm. It was only after being noticed by legendary American investor Mario Gabelli that he ended up being recruited by Fidelity. Mr. Lavallée today oversees the management of four funds including Fidelity Potentiel Canada and Fidelity Canada Plus.

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