Wiseman launches own firm

Nov. 23, 2000, Toronto-- Money management industry veteran Sam Wiseman, who's worked in the industry for 22 years including stints at the Ontario Municipal Employees' Retirement System and the former Bolton Tremblay, is starting his own firm. The company, Wise Capital Management, will likely start up in sometime the new year, pending regulatory approvals.

"It's going to be a boutique," says Wiseman, who will become the firm's chief investment officer and president. "We want to stay small enough and specialized where we can beat the market. I'm not looking to manage $10 billion like the big banks and insurance companies, which basically can't add too much value anymore."

Wiseman's investment philosophy, which he will use to manage a core Canadian equity product and a quantitatively driven small-cap product, is to hold little cash and apply a discipline with lots of risk control.

"We're aiming [the products] at institutional and private wealth, recognizing that to make a big splash in the institutional world, it's going to take a bit of time in Canada because of the nature of the industry here," he says.

Wiseman sees a need for new independent money management firms, noting that big banks and insurance companies aren't as easily able to add value for clients because of their size.

"There's going to be continued consolidation [in the industry] because it's easier to buy a book of business than it is to build your own book of business," he says.

Filed by Andrea Davis, assistant editor, Benefits Canada.

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Wiseman launches own firm


   Wise Capital Management Inc.       Telephone: 416-483-1900