Team Profile - Asset Allocation Team

“We seek to control risk
and pursue optimal returns
in our portfolios through
dedicated oversight and a
well-defined process.”
Alain Bergeron
Mackenzie Asset Allocation Team Lead
MACKENZIE ASSET ALLOCATION TEAM
12B
6
18+
MEMBER TEAM
YEARS OF
PENSION INVESTING
$
AUM
What we do and how we do it
The Mackenzie Asset Allocation Team uses a number of tools that aim to manage
risk, grow wealth and provide income for investors in Symmetry Portfolios,
Mackenzie Investments’ pension-style managed solutions, as well as select
multi-managed, balanced funds and monthly income portfolios. Led by Alain
Bergeron, the team is fully dedicated to asset allocation and uses a disciplined,
rigorous approach that strives to reduce risk and add value on behalf of investors.
Depending on the mandate, Bergeron and his team oversee to varying degrees
strategic asset allocation, risk management, manager selection and daily portfolio
monitoring. Among managed asset programs, this dedicated approach provides
an important advantage over other programs managed by investment committees
that meet only infrequently or lack dedicated risk-management capabilities. On
designated balanced funds, the team continually monitors and adjusts the equity
and fixed income weightings, which adds a layer of asset allocation oversight that
complements security selection and aims to enhance risk-adjusted returns. On
the monthly income portfolios, the team invests across the income spectrum to
enhance yield and employs hedging strategies to mitigate downside risk.
the process
Within the Symmetry Portfolios, the team seeks to optimize risk-adjusted returns through asset allocation oversight, careful manager selection and strategic
risk management. It also incorporates an additional level of risk management by continuously monitoring the entire portfolio to maintain diversification.
Asset Allocation
Decisions
Based on valuations, the macro
economic environment and
sentiment for equity and fixed
income asset classes
Manager Selection
Rigorous due diligence
process for internal and
third-party managers
selected to manage the
asset class sleeves
RISK
FILTER
Look through traditional asset class labels,
such as region, sector and industry, to
determine what risks each asset is exposed to
Portfolio
Built based on
target allocations
RISK
FILTER
Cross-sectional comparison of manager
characteristics to analyze and correlate
risk factors and sources of return
Optimized
portfolio
For the current
environment
RISK
FILTER
Complete-picture risk analysis – continuous
process looks at changing nature of underlying
holdings and how they aggregate
Siyan Tan
Andrea Hallett
Alain Bergeron
Alain Bergeron, Senior Vice President, Investment Management, is the
Mackenzie Asset Allocation Team Lead, responsible for risk oversight and asset
allocation in the firm’s managed asset program and multi-manager funds. Alain
has investment experience since 2000; he joined Mackenzie Investments in 2013.
He holds a BBA and an MSc, both from HEC Montréal. He is a CFA charterholder
and holds the Chartered Market Technician designation.
Andrea Hallett, Vice President, Investment Management, is a member of the
Mackenzie Asset Allocation Team and is co-manager of the firm’s managed asset
program and multi-manager funds. Andrea has investment experience since
1998; she joined Mackenzie Investments in 2002. She holds an Honours BComm
from McMaster University. She is a CFA charterholder.
Siyan Tan, Assistant Vice President, Investment Management, is a member
of the Mackenzie Asset Allocation Team, responsible for portfolio and risk
management analytics. Siyan has investment experience since 2008; he joined
Steven Armstrong
Aditya Tayal
Mackenzie Investments in 2014. He holds an MFin degree from the Rotman
School, University of Toronto, and a BEng from McMaster University. He is a
CFA charterholder.
Aditya Tayal, Senior Investment Analyst, is a member of the Mackenzie
Asset Allocation Team, responsible for quantitative research. Aditya has
investment experience since 2008; he joined Mackenzie Investments in 2014.
He holds a PhD (Computer Science), an MMath and a BSc Eng, all from the
University of Waterloo.
Steven Armstrong, Assistant Vice President, Investment Management, is
a member of the Mackenzie Asset Allocation Team. He is also the dedicated
investment professional for Mackenzie Private Wealth Counsel. Steven has
investment experience since 2008; he joined Mackenzie Investments in 2000.
Steven has an MBA from the Schulich School of Business, York University, and
a BA from the University of Western Ontario. He is a CFA charterholder.
Funds under management:
Managed Assets
Multi-managed
Balanced Funds
Symmetry Balanced Portfolio/Class
Symmetry Conservative Income Portfolio/Class
Symmetry Conservative Portfolio/Class
Symmetry Equity Portfolio Class
Symmetry Fixed Income Portfolio
Symmetry Growth Portfolio/Class
Symmetry Moderate Growth Portfolio/Class
Mackenzie Canadian Concentrated Equity Fund
Mackenzie Diversified Equity Fund
Mackenzie Global Concentrated Equity Fund/Class
Mackenzie Global Diversified Balanced Fund
Mackenzie Global Diversified Equity Class
Mackenzie Canadian All Cap Balanced Fund/Class
Mackenzie Canadian Growth Balanced Fund
Mackenzie Canadian Large Cap Balanced Fund
Mackenzie Cundill Canadian Balanced Fund
Mackenzie Income Fund
Mackenzie Ivy Canadian Balanced Fund
Mackenzie Ivy Global Balanced Fund
Retirement Portfolios
Mackenzie Monthly Income Balanced Portfolio
Mackenzie Monthly Income Conservative Portfolio
LONGEVITY | INCOME | VOLATILITY | ESTATE | INFLATION | TAXES
MF3971 11/14
00582
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not
guaranteed, their values change frequently and past performance may not be repeated.
The use of the term or phrase “pension [or ‘institutional’] style investing” (“phrase”) should not be misconstrued as a claim of compliance with the Pension Benefits Standards Act of Canada.
The phrase used in respect of Mackenzie Investments’ Symmetry Portfolios refers to its selective use of pools. Pools are simply separate accounts, or mandates, in which portfolio managers are
provided with guidelines that complement other mandates within a larger long-term portfolio. In the case of Symmetry Portfolios, Mackenzie Asset Allocation Team ask portfolio managers to
invest within specific guidelines exclusively for Symmetry Portfolios. Examples of Symmetry Portfolio guidelines may be: no cash held in a portfolio; Canadian equity securities only; utilize a
consistent value bias and a threshold on market cap.