Burgundy Asset Management Ltd. » Kenneth Broekaert

Ken’s passion for investing grew out of his interest in business. His interests were as a generalist within business, across business functions and industries, as well as outside of business across subjects such as philosophy, psychology and math, which have also been useful for investing. His generalist interests led him to The Boston Consulting Group at the start of his career. A fascination he developed during that period was the study of how businesses can enhance or lose their competitive advantages. Then he discovered the writings of Warren Buffett and Benjamin Graham. Their teachings immediately resonated because the concept of value was embedded in him from his upbringing in a family with modest means and conservative financial views. One of his favourite Buffett concepts is to challenge yourself to make only 20 investment decisions in your life, which requires good judgement about the durability of the competitive advantages of businesses. Ken continuously challenges himself to own a concentrated portfolio of companies that Burgundy could own “forever” that earn stronger long-term returns for clients. Ken’s interests in business as a generalist, competitive strategy and value investing have made Burgundy a very natural and happy home for him.

Burgundy Experience

Joined Burgundy in 2003
Appointed a Senior Vice President in 2010
Previous roles include: European equity Investment Analyst, Director of Research

Relevant Experience

20+ years of combined professional experience
4 years at The Boston Consulting Group, helping senior management of companies enhance competitive advantage and drive profitable growth

Education

CFA charterholder
MBA (Dean’s Honor List), Richard Ivey School of Business, Western University
Honors Business Administration (Ivey Scholar), Richard Ivey School of Business, Western University

Memberships and Community

Member, CFA Institute
Member, CFA Society Toronto
Chair of Audit Committee, Loran Scholars Foundation

Kenneth Broekaert, CFA

Senior Vice President, Portfolio Manager

Notice to Non-Canadian Investors

The information contained on this Site does not constitute an offer or solicitation to buy or sell any investment fund or other product or service to anyone in any jurisdiction in which an offer or solicitation is not authorized or is unlawful.

Burgundy provides investment advisory services to non-Canadian persons and investors (including U.S. Persons) where permitted by law. Prospective investors who are not resident in Canada should consult with Burgundy to determine if these securities may lawfully be sold in their jurisdiction. By accepting these terms you acknowledge and represent that you are an investor resident in Canada. If you are not a Canadian resident, you may return to Burgundy’s Site by declining these terms.

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WHAT IS MiFID II?

The Markets in Financial Instruments Directive II (MiFID II) is a regulation that took effect January 2018 that aims to increase market transparency across the European Union (EU) through the standardization of the regulatory disclosures required for individual markets. It is one of the most significant regulatory changes to impact the global asset management industry. The MiFID II reforms cover a number of key topics including: best execution, conflicts of interest, bundled commissions and payments for research & trading.

BURGUNDY’S APPROACH TO MiFID II

At Burgundy, we follow a disciplined, bottom-up, value-driven approach to investment research, supported by intensive fundamental research. We believe that conducting our own research is the backbone of our success. From time to time we have used external research paid for using broker commissions to supplement our own research, but we do not rely on external research in our decision-making.

We always approach our decision-making with the guiding principles of fairness and transparency in mind such that all our clients are treated equally.

As of January 3, 2018, Burgundy has gone execution only on all trades and will absorb all external research costs related to our equity mandates for all clients, regardless of domicile. We will not pass these broker research commissions on to our clients, nor will our fees change as a result of this policy.