Marret Asset Management Inc. focuses on fixed-income investing and alternative strategies on behalf of institutional, high net worth and retail clients. Marret Asset Management Inc., is a majority-owned subsidiary of CI Financial Corp. (TSX: CIX; NYSE: CIXX) and an affiliate of CI Global Asset Management. CI Global Asset Management is a registered business name of CI Investments Inc., a wholly-owned subsidiary of CI Financial Corp.
Marret’s investment philosophy is a blend of top-down and bottom-up strategies. Marret begins with a macro forecast and selection of industry overweights and underweights, then moves into company and individual security selection.
BOTTOM-UP STRATEGY
After identifying attractive sectors, this strategy is utilized to identify securities within these industry groups and isolate positive opportunities. The company fundamentals are reviewed to assess their ability to generate cash to meet interest and principal obligations. These fundamentals include:
- Industry position
- Operating leverage
- Management strength/experience
- Historical earnings and future projections (via stress test)
- Company’s liquidity profile
- Company ratios and accounting practices, and
- Stock price as a leading indicator of changing credit fundamentals.
OUR TEAM
Adrian Prenc, CFA
Co-Chief Investment Officer, Chief Risk Officer
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. With over 20 years of investment experience, Adrian has been instrumental in developing Marret’s investment and risk management tools and is involved in all aspects of the portfolio management process. Adrian holds a Bachelor of Commerce degree from the University of Toronto, is a CFA Charterholder, and has received numerous awards for academic distinction. He has also received his Financial Risk Manager certification.
Adam Tuer, CFA, PhD
Portfolio Manager & Head of Research
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. Adam has a PhD in Physics from the University of Toronto and an HBSc (high distinction) in Physics with a Minor in Mathematics and Chemistry.
Craig Wilson, CFA, MBA
Co-Chief Investment Officer, Head of Credit
Before joining Marret in December 2023, Craig served as Managing Director and Global Head of High Yield Bond Trading and Research at CIBC for a decade. He previously spent 14 years at Scotia Capital, where he held the position of Managing Director and Head of Credit Research in New York. Craig has also been a member of the Board of Directors for Scotia Capital USA and, more recently, for Portfolio HiWay, a fintech company. He is a CFA Charterholder and holds an MBA (Finance) from the Rotman School of Business at the University of Toronto, as well as a BA (Economics) from Huron College at the University of Western Ontario.
MARRET INSIGHTS
The thought leaders and portfolio managers of Marret offer insights into the trends, events, policies and politics that are creating investment risks—and opportunities—around the world.
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CI Global Asset Management is a registered business name of CI Investments Inc. © CI Investments Inc. 2024. All rights reserved.