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March 2020

Portland Investment Counsel Inc. Announces Results of Special Meetings of Securityholders

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Articles

Portland Canadian Balanced Fund wins FundGrade A+ Award

The Portland Canadian Balanced Fund won a FundGrade A+ Award in the Canadian Equity Balanced category for the 6-year period ending December 31, 2019, out of 308 funds considered.


A Steady Hand

Portland Investment Counsel portfolio manager James Cole, whose funds have won several awards, shares the investment philosophy that’s steered him through his 37-year career.


More Awards for Portland!

Portland Focused Plus Fund LP wins at the 2019 Canadian Hedge Fund Awards


Goodman to Honour Visionary Entrepreneur Michael Lee-Chin

Prominent entrepreneur Michael Lee-Chin has been selected as the Goodman School of Business 2019 Distinguished Leader.

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  • Portland Investment Counsel portfolio manager James Cole, whose funds have won several awards, shares the investment philosophy that’s steered him through his 37-year career.
    ARTICLE
  • PCMA Award Winner!
    ARTICLE
  • Portland Focused Plus Fund LP wins at the 2019 Canadian Hedge Fund Awards
    ARTICLE
  • Goodman to honour visionary entrepreneur Michael Lee-Chin
    ARTICLE
  • Michael Lee-Chin Appointed to Order of Ontario The Order of Ontario recognizes individuals whose exceptional achievement in their field have left a lasting legacy in the province, in Canada and beyond.
    Press Release
    Video
  • Portland Canadian Balanced Fund wins FundGrade A+ Award
    ARTICLE
  • Portland Canadian Balanced Fund wins FundGrade A+ Award
    ARTICLE

  • September 21, 2011: Chris Wain-Lowe - “The price-to-book comparison is out of line,” said Chris Wain-Lowe, who oversees about $200 million of financial shares at Portland Investment Counsel Inc. in Burlington, Ont. “If an investor has a two-plus-years outlook, when we believe banking will get back to more normal earnings levels, there’s far greater uplift in holding a well-diversified global bank than a Canadian bank.”
  • March 3, 2011: Michael Lee-Chin - At the Barbados International Business Association (BIBA), Mr. Lee-Chin describes the business of democratizing formerly inaccessible opportunities in order to make it possible for every investor to build a portfolio no different from the wealthy.
  • February 20, 2011: Stock funds that have stood the test of time - Manulife Advantage Fund, managed by Michael Lee-Chin.
  • November 14, 2010: Michael Lee-Chin - With the backing of his Can$15-billion fund management empire, called AIC, an estimated US$2 billion in personal net worth, plus an irrevocable claim to Jamaican heritage, Lee Chin must have cast an imperious and intimidating shadow over the negotiating table for an asset that the government was anxious to return to private hands.
  • November 4, 2010: Michael Lee-Chin - A global economic recession, unpredictable weather-related disasters and a tightening global regulatory regime are some of the adversities being faced by the corporate Caribbean. So an impassioned and personalised presentation by self-made Jamaican billionaire Michael Lee Chin on “How to Persevere in Times of Adversity”, at the recently concluded International Business Week 2010 Conference at the Hilton Barbados came at the right time for many.
  • August 9, 2010: Michael Lee-Chin - Michael Lee-Chin, Executive Chairman and Chief Executive Officer, is ranked #8 in the August 2010 issue of Black Enterprise: The 40 most powerful African Americans in business-and how they shaped our world.
  • July 9, 2010: Chris Wain-Lowe - Executive Vice President and Portfolio Manager at Portland Investment Counsel, expects sentiment toward financials to improve by the end of the year. "All the regulatory issues should be out in the open, and people can do their numbers and recognize where the trajectory of growth will come from," says Wain-Lowe
  • June 17, 2010: Robert Almeida - Mr. Almeida comments on the merger of Sceptre Investment Counsel with privately owned Montreal-based Fiera Capital Inc.
  • May 7, 2010: Chris Wain-Lowe - Nomura Holdings, Japan's largest brokerage, is embarking on a major global expansion. Chris Wain-Lowe of Portland Investment Counsel in Burlington, Ontario, who oversees his firm's position in Nomura, says the U.S. build-out is "culturally a very similar story to what Lehman was able to achieve in Asia."
  • April 26, 2010: The Trust for the Americas announces its new board member, renowned Canadian business leader, Mr. Michael Lee-Chin. - "The Trust for the Americas, a non-profit affiliate of the Organization of American States (OAS), is pleased to formally announce its new board member, renowned Canadian business leader, Mr. Michael Lee-Chin. The Jamaican-born Chairman of Portland Holdings Inc., Mr Lee-Chin’s business accomplishments span various countries and numerous sectors."
  • Monday, April 19, 2010: Chris Wain-Lowe and the American Advantage Fund - The Globe and Mail - “Long-term investors may look back two or three months from now, and possibly see this time as a “buying opportunity” among financials that have been dragged down by the headlines, they suggested."
  • Friday, April 16, 2010: Michael Lee-Chin's comeback - The Financial Post - “When he sold AIC, Bay Street thought he left the game but the Burlington, Ont.-based firm continues to serve as sub-advisor for about $2.2-billion in assets for the insurance giant and Mr. Lee-Chin is lead portfolio manager of the $550-million Advantage AIC fund. It is up more than 70% since the lows of March 9, 2009, due primarily to its heavy exposure to financials. Wealth-management firms alone made up 63% of the fund at the end of 2009. At approximately 13%, the fund is the second-largest shareholder in AGF Management Inc., the first stock Mr. Lee-Chin bought at AIC in 1987. That commitment to the money-management business has been the mainstay of his investing philosophy ever since."
  • Friday, April 2, 2010: AIC American Advantage Fund - The Globe and Mail - “Financial services equity funds rose to the top of the performance heap in March after investor concerns over tough U.S. financial reform subsided and bank stocks in Canada also rallied strongly. The group rose an average of 6.1 per cent last month, led by AIC American Advantage with a gain of 7.9 per cent (11.8 per cent in its U.S.-dollar version). The BMO S&P/TSX Equal Weighted Banks Index exchanged-traded fund rose 7.4 per cent."
  • March 2010: Black Enterprise Magazine: A feature article in Black Enterprise Magazine about "Mega-investor" Michael Lee-Chin's unique philosophy. "Mr. Lee-Chin says that sticking to his investing philosophy and identifying positive qualities within a particular company are keys to successful investing. Lee-Chin’s rationale for favoring asset management business? -- They’re in a strong, long-term growth industry driven by a growing and aging population’s desire to create wealth."
  • Thursday, January 21, 2010: "Buy fund companies for RRSP investments" - Globe Investor "Confidence is returning for investors, and interest rates are incredibly low. You can tolerate 2-per-cent returns when everything else is going down." says Robert Almeida of Portland Investment Counsel. "DundeeWealth Inc. and AGF Management Ltd. should benefit because they have the highest exposure to equities among the larger firms, while DundeeWealth also has strong sales growth." he said.
  • Wednesday, January 20, 2010: "Wealth management a winning bet: Lee-Chin" - Advisor's Edge Report - "My investing style can be defined by one word: understand. You buy things that you understand. That hasn't changed since 1987 and if you look at the composition of the Advantage Fund, 60% of the businesses remain in the wealth management space, and that is the business that I grew up on and understand." Michael Lee-Chin
  • Friday, January 15, 2010: "Canadian leaders that rode the market's rise" - The Globe and Mail - “As the market started to rebound, assets under management went up,” said Robert Almeida, a manager at Portland Investment Counsel Inc. and who co-runs the AIC Advantage Funds. “The market started to recognize that, if you are in a recovering market, the outlook for asset managers is for earnings growth.” Robert Almeida
  • December 1, 2009: London Free Press Interview with Michael Lee-Chin. He recommends India to savvy investors. Lee Chin said some of the most exciting new opportunities are in the booming economy of India. “It has a young population and a massive middle-class consumer market that is emerging.” He said India is a safer bet than China because it not as dependent on export markets. The AIC Advantage funds has recently invested in Infosys Technologies, an IT consulting firm based in India and the new port of Mundra on the Indian Ocean.
  • December 2, 2009: Forbes Interview with Michael Lee-Chin. Michael Lee-Chin talks to Forbes about the U.S. dollar, Warren Buffett and investing for the long haul. "What this global economic crisis has highlighted for me is the absolute value of liquidity. My wealth came from growing businesses. I had wealth, but not liquidity. Basically I transferred illiquid shares of AIC for liquid shares of Manulife. Now I'm the biggest individual shareholder of Manulife."
  • September 28, 2009: Michael Lee-Chin: Unshakable, Canadian Business Michael Lee-Chin persevered through seven years of losses and criticism before he finally sold the company he built. He wouldn't change a thing. Lee-Chin sits down with Canadian Business for a frank conversation. "I think the Advantage Fund is perfectly positioned as a business person would and has positioned it. The Advantage Fund, sir, has 60% of its portfolio invested in wealth management, because it’s the sweet spot in the financial services industry." Michael Lee-Chin
  • October 21, 2009: James Cole, a Senior Vice-President of Portland Investment Counsel, Globe and Mail The Canadian retail sector is looking up as the economy begins to climb out of a recession and the jobs outlook improves. "People are selling the defence and buying offence," Mr. Cole said. "I'm going the other way."