Investment Services

Segregated Total Return Portfolio — Private Clients

Total assets managed (April 2007): $60.0 million
Minimum portfolio: $5.0 million

Shaunessy Investment Counsel invests and manages portfolios on behalf of several distinct groups of clients. The most numerous group is private clients who have retained Shaunessy to invest assets globally. The investment mandate for these private clients is: (1) capital preservation (2) global diversity, and (3) stable net returns averaging 8-10% annually.

Global Total Return portfolios are actively managed in terms of asset allocation (based on moderate forecasting and analysis and a 60/ 40 stocks/ bonds default model) to provide positive returns using a diverse portfolio of fixed income, equity, commodity and currency investments.

These portfolios are not pooled. Each client has an individual segregated account held in trust, monitored and reported on by a custodian (TD Waterhouse Institutional Services). Shaunessy has trading authority (as defined and limited by an Investment Management Agreement) and clients have web-enabled 24/7 access to monitor the portfolio. Assets can be transferred in and out of the account by the client only.

Fees charged by Shaunessy are based on assets under management (value of the portfolio) as outlined in our fee schedule.

Segregated Large Cap/ Specialty Portfolios — Private Clients

Total assets managed (April 2007): $90.0 million
Minimum portfolio: $5.0 million per instrument

Other private clients with institutional-sized portfolios seek diversification of assets using a customized strategy and Shaunessy’s proprietary quantitative approach. We invests client assets in line with existing holdings or to complement other investment managers and investment styles. All assets are held in a segregated custodial account with similar attributes and security measures as described above. Applicable fees depend on the instruments used as outlined in our fee schedule.

Portfolio Tracking Service

Total Portfolio Tracker is a service whereby we track and provide oversight for all client capital market assets, including those held by other managers or in mutual funds. Total Portfolio Tracker greatly facilitates client decision-making, oversight and reviews by offering one timely and accurate report. For additional information: Total Portfolio Tracker

Institutional Portfolios — Closed-end and Mutual Funds

Total assets managed: $200.0 million

Shaunessy’s quantitative approach to investing has been adopted by the following funds:

Fund Company Fund Name &
TSX Listing
(if applicable)
For additional
information:
Citadel Group of Funds Income and Equity Index Participation Fund, IEP.UN click here
Citadel Group of Funds Equal Weight Plus Fund, EQW.UN click here
Citadel Group of Funds Financial Preferred Securities Corporation, FPR.PR.A click here
Galileo Funds Galileo Canadian Active/ Passive Fund click here
Galileo Funds Galileo Global Active/ Passive Fund click here