Burgundy Asset Management is a global investment manager providing discretionary investment management for private clients, foundations, endowments, pensions and family offices.
Wealth doesn’t happen by chance. It represents years of disciplined labour and effort directed towards productive enterprise; the skillful ability to identify and seize opportunities that create value for the world.
When you know what it takes to acquire it, you feel the responsibility of wealth. You realize the need to go beyond the obvious to protect and build this wealth, in order to achieve the goals and freedoms that matter most to you, those around you and the organizations you serve.
At Burgundy, we understand the responsibility of wealth. That’s why we take a long-term approach focused on owning pieces of outstanding businesses. At times, this means that we will separate from the crowd if our comprehensive research shows it would be best for our clients.
We aren’t trying to be something for everyone. If our approach and values resonate with you and you are looking for a firm like ours, please contact us.
When we started Burgundy, we had three main goals:
While these goals may seem simple, they are not easy to achieve. Many investment firms fall short of these goals because they focus on short-term relative results, which is detrimental to performance over the long term.
Burgundy’s approach is based on investing in good companies when we can buy them for less than they are worth and holding them for the long term. Intensive research into individual companies and their management is the critical process that supports our investment decisions. Our investment process requires outstanding portfolio managers and research analysts who have both a long-term orientation and a contrarian bias. We make all our investment decisions this way and will never change this approach in the future.
Our ownership structure has been an important influence on our success. We are committed to remaining a private firm, owned by our key people. A private ownership structure fosters stability, accountability and a long-term view that can be difficult to achieve in a larger corporate structure or in a public company.
Founded in 1990, Burgundy began investing for clients in 1991. The name “Burgundy” was inspired by the Burgundy region of France, a place deeply rooted in tradition and known for producing some of the highest-quality wines in the world.
Tony Arrell was involved in the founding of the firm. He officially joined Burgundy as Chairman and CEO in 1993 when he recognized the opportunity to build an investment firm that would be centered around value investing and long-term thinking.
Our firm’s history has been shaped by our key people – investment professionals of the highest calibre who joined in the early days and are still with the firm today.
At Burgundy, our vision is to go beyond the obvious in everything we do.
Our rigorous research and investment approach goes beyond price to find value, wherever it may be uncovered around the world. We aim to identify opportunities that others miss so that our clients may benefit from long-term returns that go beyond the ordinary.
Our client counselling goes beyond service to build deep and enduring relationships. Rather than receive advice based on trends or short-term speculation, our clients receive professional thinking and judgment that is specifically applied to their unique investment needs.
Our people go beyond accepting the constraints of employees to exercising the judgment of owners. Over two-thirds of our people are owners of the firm, so we understand investing is about more than just money because it’s our money too.
Our core values – Always Act in our Clients’ Best Interests, Courage and Honesty – guide us to do the right thing. In our case, doing the right thing means doing right by our clients.
For more than 25 years, our focus on building meaningful connections with our clients has cultivated a community of like-minded investors who share our values.
Our community’s strength comes from the lasting relationships we have built with our clients. Since the firm’s inception, a significant number of clients who have ever partnered with us remain clients today. As we gather together at our annual Client Day, Burgundy Ball, Women of Burgundy educational events and Not-for-Profit events, we realize the mutually reinforcing benefits of being part of an enduring community.
Our community mindset extends to the broader community. A number of our people serve as board members and volunteers for Not-for-Profit Organizations. We also contribute directly to a range of causes and offer a generous matching program for employees’ own philanthropic commitments.
Burgundy has a long history of leadership in corporate governance. In 2004, Tony Arrell was a founder and initial member of the Board of Directors of the Canadian Coalition for Good Governance and our CIO Richard Rooney was Chair of Accounting Policy. Together with a group of industry peers, they worked to align the interests of boards and management with those of the shareholder. The organization has worked tirelessly to achieve better corporate governance in Canada.
Our commitment to governance continues to inform our research process, writing and discussions with company management about their corporate governance practices.