Foyston, Gordon & Payne Inc. (“FGP”) today announced that Stephen Mitchell will join the firm on September 7, 2016, assuming portfolio management responsibility for FGP’s global and international equity mandates. FGP also announced that Andrew Fernow left the firm, effective August 30, 2016, to pursue other interests.
“We are delighted to welcome Stephen to FGP,” said Bryan Pilsworth, FGP’s President & Portfolio Manager – Canadian Equities. “With over two decades of value investing experience, he has delivered strong and consistent investment performance and has built a reputation as a disciplined and thorough investment analyst and an exceptional portfolio manager.”
“Our goal at FGP is to deliver industry-leading investment solutions to our clients, and we are confident that Stephen will help us achieve this objective in global equities.”
Mr. Mitchell was most recently Burgundy Asset Management Ltd.’s portfolio manager for Global and U.S. Large Capitalization equity funds, which he managed for nearly 10 years. Under Mr. Mitchell’s leadership, Burgundy was named the 2016 Global Value Equity Manager of the Year by the prestigious New York-based Institutional Investor magazine. Mr. Mitchell is well known both domestically and outside of Canada as a leading global equity portfolio manager.
“I am excited about joining FGP. This is a tremendous opportunity for me to apply what I have learned over the last two decades in a like-minded investment company that is focused on owning high-quality companies that are trading at discounts to intrinsic value,” said Mr. Mitchell.
In addition to his responsibilities in Global and U.S. equities, Mr. Mitchell also served as the portfolio manager for the European equity, EAFE, Balanced Income, and Bond funds over the course of his 23 years with Burgundy.
Mr. Mitchell has been a CFA charterholder since 1993 and is an active member of his local community. He has been involved with the Oakville Hospital Foundation since 1994 and is a former member of its Board of Directors.
Founded in 1980, FGP manages $13 billion in assets on behalf of institutional and private clients. The firm seeks quality and value in Canadian equities, foreign equities, and Canadian bonds, and maintains a consistent strategy through different market cycles.