On November 23rd, 2017, SEAMARK was presented with UNB’s 2017 Certificate of Appreciation at the University’s 30th Annual Business Awards Dinner. The Certificate was accepted on SEAMARK’s behalf by our CEO, Bob McKim, who shared our story with members of the audience and remarked that “SEAMARK has truly enjoyed its involvement with the students at UNB. We hope to continue our association in the future”.
Nearly ten years ago, SEAMARK partnered with the University of New Brunswick’s Student Investment Fund (SIF) as a way to give back to the industry and help mentor students passionate about the world of investments. As part of the effort, SEAMARK was appointed to manage a portion of endowment monies. Over the course of the six years, the capital has more than doubled, exceeding its benchmark by some 200 basis points per annum.
Throughout the relationship, members of our investment team have provided support to SIF students in many ways including preparation for valuation competitions, marking assignments, guest lecturers and both our CEO, Bob McKim and President, Don Wishart, each served as Executive in Residence for the Centre of Financial Studies. Additionally, our last hire is a SIF alumnus.
Thank you, UNB!
April 15, 2017 - SEAMARK is pleased to announce that its performance composites as at December 31, 2016 have now been verified by its independent auditor. The GIPS standards serve as the guidelines that investment managers should follow when reporting performance to prospective clients. The GIPS standards benefit two main groups: investment management firms, and asset owners (investing or prospective clients, along with the investment consultants whose job is to evaluate, supervise, hire, and dismiss investment management firms on behalf of those clients). By choosing to comply with the GIPS standards, investment management firms assure prospective clients that the historical “track record” they report is both complete and fairly presented. Compliance enables the GIPS-compliant firm to participate in competitive bids against other compliant firms throughout the world. Prospective clients have a greater level of confidence in the integrity of performance presentations as well as the general practices of a compliant firm and can more easily compare performance presentations across different investment management firms globally.
We recently received our relative ranking of the SEAMARK Balanced Pooled Fund. The Fund was compared to over 55 other balanced mandates in the eVestment database for periods ending December 31, 2016. We are proud to be above median in each of the past five years. The strong performance over this time has lifted the fund’s five year return to the top quartile of the sample. The returning team of McKim, Loughery and Wishart have been at the helm since early 2012, so our team can confidently take credit for the improved performance numbers!
1. Performance data is calculated on an actual basis for periods of less than one year, and on an annualized basis for periods on one or more years. Performance data assumes the reinvestment of all distributions and does not take into account management fees or income taxes (except for withholding tax, if any, on foreign income) payable by any investor that would have reduced returns. Past performance is not necessarily indicative of future returns. Performance is reported in CA$. This data is retrieved from eVestment database on January 15, 2014. eVestment and its affiliated entities (collectively, "eVestment") collect information directly from investment management firms and other sources believed to be reliable; however, eVestment does not guarantee or warrant the accuracy, timeliness, or completeness of the information provided and is not responsible for any errors or omissions.