GBC Asset Management
Encyclopedia
GBC Asset Management is a division of Pembroke Management Ltd., a privately held
Canadian investment management
firm that manages investment portfolios and separately managed account
s for Canadian pension fund
s, foundations, endowments
, wealthy families and individuals, in addition to the GBC family of mutual funds. Since Pembroke's founding in 1968, the portfolio management team has applied fundamental analysis
and conducted ongoing executive level interviews in order to identify high quality companies with compelling growth
prospects, unrecognized intrinsic value and strong entrepreneurial leadership.
The Great Britain and Canada Investment Corporation, now known as the GBC American Growth Fund Inc., was incorporated in 1929 and has been managed by Pembroke Management since 1968. In order to expand and diversify the investment strategies offered by the firm under the GBC banner, Pembroke founded GBC Asset Management. GBC Asset Management is a subsidiary of Pembroke Management and is a mutual fund
manager and dealer for the GBC family of mutual funds and Pembroke family of pooled funds.
Privately held company
A privately held company or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock to the general public on the stock market exchanges, but rather the...
Canadian investment management
Investment management
Investment management is the professional management of various securities and assets in order to meet specified investment goals for the benefit of the investors...
firm that manages investment portfolios and separately managed account
Separately managed account
A separately managed account is an individual managed investment account offered typically by a brokerage firm through one of their brokers or financial consultants and managed by independent investment management firms and have varying fee structures...
s for Canadian pension fund
Pension fund
A pension fund is any plan, fund, or scheme which provides retirement income.Pension funds are important shareholders of listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold...
s, foundations, endowments
Financial endowment
A financial endowment is a transfer of money or property donated to an institution. The total value of an institution's investments is often referred to as the institution's endowment and is typically organized as a public charity, private foundation, or trust....
, wealthy families and individuals, in addition to the GBC family of mutual funds. Since Pembroke's founding in 1968, the portfolio management team has applied fundamental analysis
Fundamental analysis
Fundamental analysis of a business involves analyzing its financial statements and health, its management and competitive advantages, and its competitors and markets. When applied to futures and forex, it focuses on the overall state of the economy, interest rates, production, earnings, and...
and conducted ongoing executive level interviews in order to identify high quality companies with compelling growth
Growth investing
Growth investing is a style of investment strategy. Those who follow this style, known as growth investors, invest in companies that exhibit signs of above-average growth, even if the share price appears expensive in terms of metrics such as price-to-earnings or price-to-book ratios...
prospects, unrecognized intrinsic value and strong entrepreneurial leadership.
The Great Britain and Canada Investment Corporation, now known as the GBC American Growth Fund Inc., was incorporated in 1929 and has been managed by Pembroke Management since 1968. In order to expand and diversify the investment strategies offered by the firm under the GBC banner, Pembroke founded GBC Asset Management. GBC Asset Management is a subsidiary of Pembroke Management and is a mutual fund
Mutual fund
A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :...
manager and dealer for the GBC family of mutual funds and Pembroke family of pooled funds.
History
- 1929 Great Britain and Canada Investment Corporation was incorporated in March and $11,000,000 was raised through the efforts of Nesbitt Thomson, Govett Sons & Co. and Iselin & Co.
- 1968 Pembroke Management Ltd. was founded in September by Neil B. Ivory, Clifford L. Larock, A. Scott Taylor and Ian A. Soutar to manage GBC Capital, which had previously been managed by Arbuckle Govett. The firm's name is a reference to Pembroke CollegePembroke College, CambridgePembroke College is a constituent college of the University of Cambridge, England.The college has over seven hundred students and fellows, and is the third oldest college of the university. Physically, it is one of the university's larger colleges, with buildings from almost every century since its...
, Cambridge. - 1970 The Pembroke Fund Ltd. was launched.
- 1988 GBC Asset Management Inc. was founded by Ivory & Sime PLC, Pembroke Management Ltd. and Bob Stewart to market the GBC family of mutual funds in Canada and the United Kingdom.
External links
- Rob Carrick "A mutual fund family worth knowing about", The Globe and MailThe Globe and MailThe Globe and Mail is a nationally distributed Canadian newspaper, based in Toronto and printed in six cities across the country. With a weekly readership of approximately 1 million, it is Canada's largest-circulation national newspaper and second-largest daily newspaper after the Toronto Star...
, September 28, 2010 - Simon Avery "Fixated on the Fed" The Globe and Mail October 10, 2010
- Shirley Won "Betting on a North American Recovery" The Globe and Mail December 8, 2010
- Company website