GBC Asset Management is a division of Pembroke Management Ltd., a

privately held A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...

Canadian

investment management Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be instit ...

firm that manages investment portfolios and separately managed accounts for Canadian

pension fund A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and priva ...

foundations Foundation may refer to: * Foundation (nonprofit), a type of charitable organization ** Foundation (United States law), a type of charitable organization in the U.S. ** Private foundation, a charitable organization that, while serving a good caus ...

, endowments, wealthy families and individuals, in addition to the GBC family of mutual funds. Since Pembroke's founding in 1968, the portfolio management team has applied

fundamental analysis Fundamental analysis, in accounting and finance, is the analysis of a business's financial statements (usually to analyze the business's assets, liabilities, and earnings); health; and competitors and markets. It also considers the overall st ...

and conducted ongoing executive level interviews in order to identify high quality companies with compelling

growth Growth may refer to: Biology * Auxology, the study of all aspects of human physical growth * Bacterial growth * Cell growth * Growth hormone, a peptide hormone that stimulates growth * Human development (biology) * Plant growth * Secondary grow ...

prospects, unrecognized intrinsic value and strong entrepreneurial leadership. The Great Britain and Canada Investment Corporation, now known as the GBC American Growth Fund Inc., was incorporated in 1929 and has been managed by Pembroke Management since 1968. In order to expand and diversify the investment strategies offered by the firm under the GBC banner, Pembroke founded GBC Asset Management. GBC Asset Management is a subsidiary of Pembroke Management and is a

mutual fund A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV ...

manager and dealer for the GBC family of mutual funds and Pembroke family of pooled funds.

History

*1929 Great Britain and Canada Investment Corporation was incorporated in March and $11,000,000 was raised through the efforts of Nesbitt Thomson, Govett Sons & Co. and Iselin & Co. *1968 Pembroke Management Ltd. was founded in September by Neil B. Ivory, Clifford L. Larock, A. Scott Taylor and Ian A. Soutar to manage GBC Capital, which had previously been managed by Arbuckle Govett. The firm's name is a reference to Pembroke College, Cambridge. *1970 The Pembroke Fund Ltd. was launched. *1988 GBC Asset Management Inc. was founded by Ivory & Sime PLC, Pembroke Management Ltd. and Bob Stewart to market the GBC family of mutual funds in Canada and the United Kingdom. In June 2007, GBC Asset Management appointed Elizabeth B. Dawson as the President and Director.

References

External links

Rob Carrick "A mutual fund family worth knowing about"
'' The Globe and Mail'', September 28, 2010
Simon Avery "Fixated on the Fed" The Globe and Mail October 10, 2010Shirley Won "Betting on a North American Recovery" The Globe and Mail December 8, 2010LinkedinFacebookCompany website
{{DEFAULTSORT:Gbc Asset Management Financial services companies established in 1929 Investment management companies of Canada 1929 establishments in Ontario Canadian companies established in 1929