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Letko Brosseau & Associates Inc.


1800 McGill College Avenue, Suite 2510
Montreal, Quebec H3A 3J6
(514) 499 - 1200
Toll Free: (800) 307 - 8557

Principal Contacts

Lisa Caswell
Client Services
Tel: (647) 426 - 1780

Pierre Camu
Client Services
Tel: (514) 499 - 1200

Client Minimums

Private: $1,000,000
Institutional: $1,000,000

Types of Accounts Managed

  • Private Individual / Investor
  • Institutional Investor - Pension Plan
  • Institutional Investor - Non-Profit
  • Institutional Investor - First Nations
  • Institutional Investor - Other

Provinces of Business

  • Alberta
  • British Columbia
  • Manitoba
  • New Brunswick
  • Newfoundland and Labrador
  • Nova Scotia
  • Ontario*
  • Prince Edward Island
  • Quebec*
  • Saskatchewan
  • United States

* indicates a physical location in this province

Firm Background and Guiding Principles

Letko Brosseau & Associates (LBA) is an independent Canadian-based investment manager founded in 1987. Today the firm serves more than 450 institutions and several thousand private clients. LBA manages a total of $28 billion in client assets using the skills and experience of 60 people based in Montreal and Toronto.

LBA is focused exclusively on investment management. All portfolios are managed in-house by one integrated team of 18 portfolio managers with diverse professional and cultural backgrounds. LBA is known for detailed fundamental company analysis, a global perspective and insightful macroeconomic research.

LBA is committed to acting ethically and responsibly, always serving its clients’ interests first.  The firm is dedicated to providing long term superior performance to investors from sound, well diversified portfolios.


LBA’s investment philosophy is firmly grounded in the classical principles of finance and investing.

Fundamental in-house research enables the team to identify investment opportunities and drives all investment decisions.

The team gives careful attention to the price paid for all investments, both on an absolute basis and relative to other opportunities. Determining fair value and avoiding over-paying is an important component of LBA’s process and long-term results.

The scope of the firm’s work is global, regardless of the mandate. The investment team is organized by global sector in order to develop knowledge about industries and businesses to properly evaluate companies against their peers.

Intrinsic value is created in a business over the long-term. To capture that value, the team strives to develop insight into fundamental trends that will have a longer-term influence on an investment.

Mandates and Services offered

LBA focuses solely on investment management. Fees are reasonable and have not been increased since the inception of the firm 27 years ago.

Assets are managed on a segregated or pooled fund basis within balanced, global equity, Canadian equity and fixed income mandates. The minimum investments for segregated accounts and pooled funds are $5 million and $1 million respectively.

All major composites have 10+ year track records, while 25-year track records are available for each asset class. Investment performance has been independently verified to conform with Global Investment Performance Standards (GIPS) for the years 1988 – 2012.

LBA’s Value Add

LBA’s success lies in executing its investment philosophy consistently over time and through all market environments and by aligning the firm’s long-term interests with those of its investors. Since the inception of the firm, LBA has created over $8.9 billion in value over and above market gains.

We invite you to contact us to see how we can serve you or your institution.