A year ago, fund managers were on the verge of  burning out. I would have required a few pills myself if I was one of the people who lost a total of 300G$ in 2008 while managing other’s people money!

In 2009 however, the top 40 Canadian portfolio managers produced a yield of 10.7% (while the TSX composite index went up by 30.69% but that is pure stock investing).

So is your money invested in the right place? Here’s the top 40 Canadian portfolio managers:

Top 40 Canadian Portfolio Managers (by Assets)

RANK	PORTFOLIO MANAGER FIRM	TOTAL ASSET ($G)	2009 YIELD
1	BLACKROCK	46,799	3.00%
2	TD BANK	46,775	26.10%
3	PHILLIPS, HAGER & NORTH (RBC)	32,279	8.00%
4	STATE STREET GLOBAL ADVISOR	24,014	-3.10%
5	MCLEAN BUDDEN	22,582	18.40%
6	JARISLOWSKY, FRASER	21,837	18.70%
7	GREYSTONE MANAGED INVESTMENTS	21,549	10.80%
8	BEUTEL, GOODMAN & COMPANY	17,087	42.00%
9	CONNOR, CLARK &LUNN FINANCIAL	16,181	-3.00%
10	ALLIANCE BERNSTEIN INSTITUTIONAL	15,983	-13.00%
11	ADDENDA CAPITAL	15,674	-14.90%
12	LETKO, BROSSEAU & ASSOCIÉS	14,806	20.70%
13	STANDARD LIFE	12,879	36.70%
14	BNY/MELLON ASSET MANAGEMENT	11,716	24.20%
15	CIBC	11,489	2.40%
16	J.P. MORGAN ASSET MANAGEMENT	10,506	-2.60%
17	FIDELITY INVESTMENTS	10,132	43.30%
18	FRANKLIN TEMPLETON	9,745	44.80%
19	BENTALL	9,636	-13.30%
20	UBS GLOBAL	8,712	15.70%
21	FIERA CAPITAL	7,881	6.80%
22	LEITH WHEELER INVESTMENT COUNSEL	7,788	24.90%
23	SPUCEGROVE INVESTMENT MANAGEMENT	7,599	8.20%
24	MORGUARD INVESTMENTS	6,876	19.90%
25	RUSSELL INVESTMENTS	5,676	68.40%
26	FOYSTON, GORDON & PAYNE	5,670	25.10%
27	GOLDMAN SACHS	5,425	11.90%
28	GUARDIAN CAPITAL	5,328	4.30%
29	PIMCO CANADA	5,265	55.60%
30	GWL INVESTMENT MANAGEMENT	5,150	-0.10%
31	GE ASSET MANAGEMENT	4,908	27.40%
32	WELLINGTON MANAGEMENT COMPANY	4,903	-20.60%
33	SCEPTRE INVESTMENT COUNSEL	4,691	6.50%
34	MFC ASSET MANAGEMENT	4,094	13.60%
35	INVESCO	4,008	18.20%
36	NATCAN (NATIONAL BANK)	3,784	15.40%
37	LONDON CAPITAL	3,737	13.80%
38	INTEGRA CAPITAL	3,679	-0.20%
39	SEI	3,546	-8.10%
40	MONDRIAN INVESTMENT PARTNERS	3,396	-3.40%

What to expect in the future from the biggest portfolio managers?

Considering the doubts regarding the rise of interest rates (and how bad it would affect their bond portfolio), some managers are turning to real return interest bonds or in real assets (structures, pipeline, highway maintenance company). These kinds of asset classes experienced a lower volatility during the economic crunch.

So who is your favourite fund manager?

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• Private Investment Management
• Real Return Bonds and Gold: How to Hedge Yourself against Inflation
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• Fight the Rise in Interest Rates With Your Portfolio

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