May 2016
For those who attend investment seminars wanting to hear the speaker’s best five stock tips, this week’s presentation by portfolio managers at Sionna Investment Managers will have been disappointing. But for those who wanted to learn how a value manager goes about its craft, about how decisions are made at what must be the country’s most diverse money management firm, the event was a winner.
April 2016
Low interest rates and losses in the energy sector are putting downward pressure on the shares of large lifecos. These solid companies could offer investing opportunities.
November 2015
There is a fair chance that Imperial Oil, which reported its third quarter financials Friday, is etched in the mind of Kim Shannon, founder and chief investment officer at Sionna Investment Managers.
October 2015
I had had the chance to catch Kim Shannon speak the year before at a RAMA event. She had just published her book, The Value Proposition, which had brought a packed audience of faculty, alumni and industry insiders. The speech explained her incredibly unique approach to value investing. Her sensitivity to the Canadian market had allowed her to abandon the pure-blood value investing approach in favour of her own “relative value” method, which accounted for a country overweight in cyclical stocks.
August 2015
Unlike the hordes of sellers who seemingly wanted out at any price, two of the country’s best-known value investment managers – Prem Watsa from Fairfax Financial Holdings Ltd. and Kim Shannon from Sionna Investment Managers Inc. – were spectators to the dramatic turn in global stock markets on Monday.
June 2015
For the second time in the past few years, Kim Shannon, a relative value manager who formed Sionna Investment Managers a dozen years back, has revisited an old essay whose central thesis is there’s no point in being afraid of the local stock market.