WE BRING GREATER CERTAINTY TO INVESTORS

Founded in 2004 and 100% employee-owned, PICTON Investments is committed to helping advisors and investors rethink portfolio construction and achieve greater certainty in investment outcomes. Our philosophy is to “Build from the Bear Up,” embracing a bear mindset of resilience, adaptability, and strength to help Canadians invest with greater confidence and certainty.

For more than two decades, we have championed a modern approach that moves beyond traditional models toward more resilient, diversified portfolios. Leveraging deep expertise in quantitative research, fundamental analysis, and authentic hedging strategies, we focus on alternatives as a critical component of portfolio design.

At PICTON Investments, we believe the future of investing is fortified. Traditional 60/40 portfolios face increasing pressure in a world shaped by persistent inflation, geopolitical instability, and stretched valuations across asset classes. The 40/30/30 model - 40% equities, 30% fixed income, and 30% alternatives - can offer a more resilient approach designed for today’s complex markets.

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Our suite of funds gives investors more choice and ease of access to equity exposure—helping investors achieve their financial goals with greater certainty.

OUR TEAM

David Picton

David Picton

President & CEO

David Picton is a founding partner of PICTON Investments. He serves as the firm’s President and CEO, while also maintaining high-level oversight of its equity solutions. Regarded as a leading authority on global equities and alternative investing, David is often invited to share his insights on investment strategies, alternative investments, and their role in portfolio construction. He is also a regular contributor to industry associations and media outlets on market conditions, monetary policy and the macroeconomic outlook. David has been a prominent presence in the Canadian investment industry for several decades. He launched Synergy Asset Management in 1997 and worked as its lead Canadian momentum portfolio manager, until CI Financial acquired Synergy Asset Management Inc. in 2003. Prior to that, David spent eight years as the Head of Quantitative Research at RBC Dominion Securities, where he was one of the top-ranked analysts in his sector. David holds an Honours Bachelor of Commerce degree from the University of British Columbia.

Jeff Bradacs, CFA

Jeff Bradacs, CFA

Co-Head Equity Strategies, Head of Portfolio Management & Trading

Jeff Bradacs is the Co-Head of Equity Strategies at PICTON Investments, responsible for leading the Portfolio Management and Trading teams. In addition, Jeff is the Portfolio Manager of the firm’s Canadian equity allocation of the Market Neutral, Long Short, and Active Extension equity strategies. Jeff joined the firm in 2017, bringing considerable portfolio management experience to the firm. Previously, Jeff served as vice president and senior portfolio manager at BMO Global Asset Management, where he had oversight of the Canadian large cap equity portfolios. He also spent more than a decade at Manulife Asset Management, where he began his career as an analyst. During that time, he progressed through a number of roles, eventually becoming the managing director, with responsibility for Canadian equity portfolios managed with a blend of fundamental and quantitative analysis. Jeff has an Honours Bachelor of Administration from the Richard Ivey School of Business at Western University and is a CFA charterholder.

Michael Kimmel, CFA

Michael Kimmel, CFA

Portfolio Manager, U.S. Equities

Michael Kimmel is a founding partner of PICTON Investments. He is also the Portfolio Manager, U.S. Equities, responsible for the U.S. equity allocation of our Market Neutral and Long Short equity strategies, as well as select long-only U.S. equity strategies. Michael helped establish the firm in 2004. Prior to that, he worked at Synergy Asset Management with other founding members of the firm. Previously, he served as an investment analyst at UBS Global Asset Management. Michael began his investment industry career in 1998 as an analyst and associate at N M Rothschild & Sons, a boutique investment bank specializing in mergers and acquisitions. Michael has a Bachelor of Commerce from McGill University and is a CFA charterholder.

Michael Kuan, CFA

Michael Kuan, CFA

Portfolio Manager, International Equities

Michael Kuan is a founding partner of PICTON Investments. He is also the Portfolio Manager, International Equities, with responsibility for international investments in the firm’s Market Neutral and Long Short strategies, as well as select long-only strategies in the Europe and Asia Pacific regions. Michael helped establish the firm in 2004. Prior to that, he worked as an investment analyst at Synergy Asset Management alongside other founding members of the firm. Michael began his investment management career in 1997 at Scotia Capital Inc., where he was a manager of market risk. Michael holds an Honours Bachelor of Business Administration from Wilfrid Laurier University, and an MBA from the University of Toronto. He is also a CFA charterholder.

PICTON INVESTMENTS INSIGHTS

 

The thought leaders and portfolio managers of PICTON Investments offer insights into the trends, events, policies and politics that are creating investment risks—and opportunities—around the world.

Fund Commentaries

Fund Commentaries