Independent in ownership, deliberate in process, accountable to the people it will serve.
Everest Asset Management Ltd. is an Alberta corporation headquartered in Calgary. The firm is being established to build an independent Canadian alternative asset management business.
Everest is currently in its organizational phase: assembling its team, building its operational and technology infrastructure, and putting in place the governance and controls appropriate to an asset management business.
Value
Everest’s intended investment approach emphasizes durable businesses with competitive advantages, sensible valuations and a margin of safety. The firm intends to apply a structured, repeatable process rather than relying on market fashion or short-term prediction.
Liquidity
Everest’s intended approach also emphasizes liquidity and diversified sources of return, with the objective of maintaining flexibility during periods of market stress.
Alignment
A firm whose economics, incentives and conduct are designed to promote long-term alignment with the people it will serve. Everest intends to structure its business with the objective of aligning its interests with those of future clients.
Intended investment philosophy
Everest’s intended approach would start with understanding businesses thoroughly: who leads an industry, why, and how durable that position is. Capital would then be committed only when the price paid offers a margin of safety and the investor is adequately rewarded for the risk taken. The firm would expect to hold a concentrated set of such businesses with patience, letting earnings compound rather than trading around the noise of the crowd.
Markets ebb and flow between despair and exuberance, and the firm does not intend to predict when. Instead, Everest’s intended portfolios would combine core holdings with liquid, diversified sources of return that can be repositioned quickly, with the objective of meeting periods of market stress from a position of flexibility rather than forced selling.
Everest intends to align its incentives with the long-term interests of future clients. The firm believes investment decisions should come from process and temperament, not prediction.
Planned business
Subject to Everest Asset Management Ltd. obtaining registration as a portfolio manager in the applicable jurisdictions and completing all required custodial, client and operational arrangements, Everest intends to offer discretionary separately managed account services to eligible Canadian institutional and high net worth clients. This service is not currently available. Everest is not accepting account applications, providing investment advice or managing separately managed accounts at this time.
Everest’s proposed separately managed account offering is expected to follow a disciplined, valuation-focused investment approach. The final scope and availability of the service will be subject to Everest obtaining all required registrations.
The people building Everest
Mr. Mannix has worked in investment management since 2019, with experience in security analysis, security selection and portfolio construction. He founded the Standard Wealth separately managed account strategy in 2020. He holds a Bachelor of Arts and the Chartered Investment Manager designation.
Christi Hayes
Ms. Hayes has more than twenty years of experience in Canadian capital markets, with experience spanning investment banking, corporate finance, investment fund operations and securities compliance. She has held senior compliance leadership roles and served as a member of the Alberta Securities Commission’s Exempt Market Dealer Advisory Committee. She holds a Bachelor of Arts from the University of Calgary.
Mr. van Kampen has more than sixteen years of experience in Canadian financial services, transaction advisory and family office management, most recently in senior finance leadership with one of Canada’s largest multi-family offices. He is a Chartered Professional Accountant and a Family Enterprise Advisor.
Patricio Sarno
Mr. Sarno designed and operates the firm’s technology environment: identity and access management, email authentication and domain infrastructure, and records systems. He is the author of the firm’s technology and cybersecurity controls.
540, 355 – 4 Avenue SW
Calgary, Alberta T2P 2S6
Canada