"We are active managers who are not afraid to be active."

Marret’s investment process is heavily weighted toward avoiding market downturns. This is because the market always provides an attractive absolute yield. The key to out-performance is not in catching rallies, but rather in avoiding defaults and retaining as much of the beginning yield as possible.

Portfolio Management Team

Paul Sandhu

Paul Sandhu, President and Chief Executive Officer
Mr. Sandhu has 30 years of domestic and international fixed-income experience. Prior to joining Marret in 2009, Paul was responsible for the global distribution of Canadian fixed-income and money market products at BMO Capital Markets.

Adrian Prenc

Adrian Prenc, Vice-President, Portfolio Manager and Chief Risk Officer
Adrian Prenc, CFA, FRM, is Vice-President, Portfolio Manager & Chief Risk Officer of with over 20 years of investment experience. Prior to joining Marret in July 2002, Adrian spent three years with Altamira Investment Services, initially as an Investment Specialist, and more recently as a Research Analyst specializing in corporate debt and high yield. Adrian has been key in developing Marret’s investment and risk management tools and is involved in all aspects of the portfolio management process.

Adam Tuer

Adam Tuer, Vice-President, Portfolio Manager and Head of Research
Adam Tuer, CFA, PhD, is a Vice-President, Portfolio Manager and Head of Research at Marret Asset Management Inc. Adam joined Marret in January 2013, initially doing research on a consulting basis for the company on Central Bank liquidity and the impact of monetary policy. He joined Marret on a full-time basis in April 2013 as a Research Analyst. Prior to joining Marret, Adam developed optimal hedging strategies on derivatives for CIBC.

Investment Process

Using a blend of top down and bottom up strategies, Marret's investment process begins with a macro forecast and selection of industry overweights and underweights, then moves into company and individual security selection.

Marret's investment process involves:

Macro Forecast

Macro Forecast
Assess the broad macro-economic environment to identify positive and negative trends globally that could impact bond returns.

Sector Analysis

Sector Analysis
Determine which sectors/industries to over or underweight based on prevailing economic/market trends.

Security Selection

Security Selection
Review company fundamentals to assess their ability to generate cash and meet interest and principal obligations. Identify securities that are mispriced relative to Marret's analysis of potential return and underlying risk.

Stringent Trading Rules

Stringent Trading Rules
Numerous trading rules are followed to ensure the process is heavily weighted towards avoiding market downturns and not 'reaching' for yield.

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