Executive Vice-President and Portfolio Manager, Shaunessy Investment Council
James is a Chartered Financial Analyst® (CFA®) charterholder with extensive experience as a veteran capital markets research director and a private equity manager. Before joining Shaunessy Investment Counsel, James headed up equity research for HSBC Securities Canada, leading a team of 25 analysts. He is also the former Managing Director and Head of Institutional Equity Sales for National Bank Financial, and he’s spearheaded several private equity and private merchant banking ventures. At SIC, James leads the Toronto practice and is a portfolio manager working closely with the firm’s clients.James holds a MSc in International Political Economy from The London School of Economics & Political Science in addition to an Honours Bachelor of Arts degree in Business Administration from the Richard Ivey School of Business, University of Western Ontario.
S&P Dow Jones Indices produces a semi-annual report comparing the performance of active managers to their target indices or benchmarks. The report is referred to as the SPIVA Scorecard (SPIVA standing for S&P Indices Versus Active Managers). So, what does the SPIVA Scorecard tell us about performance? As illustrated in the table above, for any regional equity class…