Mawer Investment Management

Mawer Investment Management Ltd.
FormerlyMawer & Associates
Company typePrivate
IndustryInvestment Management
Founded1974; 50 years ago (1974)
Founder
  • Charles Mawer
Headquarters
Calgary, Alberta
,
Canada
Key people
  • Craig Senyk (Chairman)
  • Jim Hall (President)
AUMCA$90.4 billion (September 2024)
Number of employees
280+ (2024)
Websitewww.mawer.com

Mawer Investment Management (Mawer) is a Canadian investment management firm headquartered in Calgary, Alberta. It acts as a subadvisor for Manulife Investment Management.

History

In 1974, stockbroker Charles Mawer founded the company originally as Mawer & Associates. The firm focused on looking after money for high-net-worth individuals and pension funds in the form of investment funds.[1][2]

In 1995, Charles Mawer retired from his role running the firm.[1]

2005 Manulife Investment Management selected Mawer to manage its investment funds in a subadvisory capacity.[2][3]

In November 2018, Mawer hired Bank of Nova Scotia to explore options such as a sale. This came at a time when other Canadian asset management firms were being acquired. However, in December, Mawer decided to remain independent.[4][5]

The firm's philosophy is to buy strong, growing companies at cheap prices. It has been noted for charging low management fees compared to its peers.[2] Due to lower commissions, financial advisers have avoided selling Mawer funds. The partnership between Mawer and Manulife have allowed more generous and less visible compensation structures for funds.[6]

References

  1. ^ a b "Remembering the life of Charles Mawer". Calgary Herald. 29 October 2006. Archived from the original on 9 November 2024. Retrieved 9 November 2024.
  2. ^ a b c Carrick, Rob (24 July 2008). "Manulife shows Mawer the love". The Globe and Mail. Archived from the original on 9 November 2024. Retrieved 9 November 2024.
  3. ^ "Manulife gets green light to launch Manulife Mawer Mutual Funds". Investment Executive. 9 July 2008. Archived from the original on 9 November 2024. Retrieved 9 November 2024.
  4. ^ Tomesco, Frederic (11 November 2018). "'Boring' Mawer Hires Scotiabank to Advise on Possible Sale". Bloomberg News. Archived from the original on 25 May 2019. Retrieved 9 November 2024.
  5. ^ Kiladze, Tim (7 December 2018). "Mawer Investment Management to stay independent, rules out sale". The Globe and Mail. Archived from the original on 22 January 2019. Retrieved 9 November 2024.
  6. ^ Luukko, Rudy (28 June 2008). "Why pay more for Manulife-brand Mawer funds?". Toronto Star. Archived from the original on 9 November 2024. Retrieved 9 November 2024.