In a world of financial homogeneity, MacNicol stands apart. We’re not here to follow trends – we’re here to set them.
Whether you seek income generation, capital appreciation, or a balanced approach, we have a solution that will meet your institution’s needs. Our experienced team combines deep market expertise, quantitative analysis, and qualitative insights to deliver strategies that align with your long-term financial goals.
Our Approach
- 20+ years of redefining institutional portfolio management
- Award-winning alternative asset strategies that consistently outperform
- Tailored portfolios that challenge the status quo
- A global network of elite partners, carefully curated for institutional success
- A track record that speaks volumes in a market of white noise
A Selection of Our Partners
The MacNicol Edge
MAAM Canadian Institutional Model vs. S&P TSX 60
All returns are backtested. All returns are net of fees and in Canadian Dollars. The strategy has been thoroughly tested, developed and implemented by MacNicol & Associates Asset Management inc. Results are not guaranteed and there are risks involved in investing in this model. Loss of principal may occur. Past results are not guarantee of future results. Model inception September 1, 2010.
Why MacNicol?
Through our underlying limited partnerships, we invest in a diversified portfolio of over 100 private equity, private real estate, and hedge fund investments. We have an audited track record of success in adding value during down markets, underpinning our strong foundations, viability, and useability in institutional investment portfolios.
We are committed to addressing the unique investment objectives and risk profiles of institutions like yours.
- Independence: Uncompromised by corporate agendas
- Expertise: Battle-tested professionals who thrive in market complexities
- Transparency: Crystal-clear reporting, no hidden agendas
- Innovation: Pioneering solutions for tomorrow’s challenges
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Use this form to contact us with any questions or inquiries you may have and we’ll get back to you as soon as we can.
Institutional Asset Management
Whether you seek income generation, capital appreciation, or a balanced approach, we have a solution that will meet your institution’s needs. Our experienced team combines deep market expertise, quantitative analysis, and qualitative insights to deliver strategies that align with your long-term financial goals.
What Our Clients Have to Say
“Thank you for your recent advice concerning my personal financial matters. Since I have been a client of MacNicol & Associates (2001) you have assisted me with not only my investments but also other personal financial matters. David, it is very comforting knowing that you always have my best interest at the forefront of your decision making. Thank you for your personal attention.”
“MacNicol & Associates Asset Management is a firm that offers the best of Bay Street. Dave MacNicol is both exceedingly well-informed and exceedingly well-mannered, two equally important qualities when it comes to the matter of personal finance.”
“I have been with MacNicol & Associates since 2007 and can, without reservation, attest to the capability of this firm. The market has been through some peaks and valleys, but David and his staff have always remained solid and innovative. I am very pleased with the returns on my portfolio, but more importantly value David’s transparency and regular communication with me. No major moves are done without explanation first and my consent. Portfolio status and strategy are reviewed on a regular basis. The associate staff has always been very responsive and easy to deal with.
I am not in the financial field and and this means that I essentially have to put my trust in this firm. I didn’t simply hand over my trust however..They have earned it.”
“At your recent presentation… I was able to speak with a small number of MacNicol clients, all of which spoke glowingly of this company.”
“We’ve developed a great partnership with MacNicol & Associates. Their dedication to our client’s investment success is evident. We admire the disciplined approach, proven track record, and leading-edge solutions that are so hard to find in one relationship.”
“A big congratulations on another milestone. It’s a tough business and a terrific accomplishment to be serving your investors for over two decades. As an investment partner and client, I have always appreciated the partnership and friendship. Best of luck going forward to you and the team.”
“The team at MacNicol has assembled a portfolio solution that is quite unique in Canada, and is most suited to my largest clients. The combination of equities, hedge funds, private equity, real estate, and other bespoke solutions have resulted in a protected journey when traditional equity markets are challenged, while participating in upside opportunity. Many claim “pension-style” management, but MacNicol delivers.”
Don’t just take our word for it. Have a look at the industry accolades.
2017 Global Macro / Managed Futures / Multi Strategy – Best 1 year Return (3rd place)
MacNicol Absolute Return Fund
2020 Global Macro / Managed Futures / Multi Strategy – Best 1 year return (3rd place)
MacNicol Alternative Asset Trust
2020 Global Macro / Managed Futures / Multi Strategy – Best 3 year return (2nd place)
MacNicol Alternative Asset Trust
2020 Global Macro / Managed Futures / Multi Strategy – Best 3 year Sharpe Ratio (3rd place)
MacNicol Alternative Asset Trust
2022 Private Equity – Best 5 year return (2nd place)
MacNicol Emergence Fund
2022 Private Equity – Best 3 year return (3rd place)
MacNicol Emergence Fund
2022 Global Macro / Managed Futures / Multi Strategy – Best 3 year Sharpe Ratio (3rd place)
MacNicol Alternative Asset Trust
2023 Private Equity – Best 5 Year Return (3rd place)
MacNicol Emergence Fund
2024 Private Equity – Best 5 Year Return (3rd place)
MacNicol Emergence Fund
Access Our Institutional Investor Insights
Disclaimers
- MAAM Canadian Institutional Model returns developed and based on back tested data. No changes to the investment style are made throughout the period. Results for the overall model are backtested and are net of all fees that will be charged to a client. Investing involves risks, including the potential loss of principal. The model that gave rise to these backtested performance results is one that the adviser is now using in managing clients’ accounts.
- Advisory services are provided by MacNicol & Associates Asset Management. The firm is registered as an investment advisor. Registration is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability.
- You should consult with a professional advisor before implementing any strategies discussed. All investments and strategies have the potential for profit or loss. Different types of investments involve higher and lower levels of risk. There is no guarantee that a specific investment or strategy will be suitable or profitable for an investor’s portfolio. Historical performance returns for investment indexes and/or categories, usually do not deduct transaction and/or custodial charges or an advisory fee, which would decrease historical performance results. There are no assurances that a portfolio will match or exceed any particular benchmark.
- Alternative investments are speculative and involve a high degree of risk. Investors could lose all or a substantial portion of their investment. Investments may be illiquid, and there may be significant restrictions on transfers. Alternative investments may be leveraged, and their performance may be volatile. These investments may involve complex tax structures.
- Model returns have inherent limitations, especially the fact that they do not represent the performance of any particular client. Actual clients’ accounts may be managed differently in response to changes in economic conditions, account restrictions, and/or the client’s investment objectives. Hypothetical performance results may not be as reliable as actual returns from clients’ accounts. All results are presented net-of-fees and include dividends and capital gains.
- In constructing actual portfolios for clients, we might deviate from the asset allocation and investments utilized in this model. Asset allocation and diversification do not assure or guarantee better performance and cannot eliminate the risk of investment losses.
- All returns for our model are net of a 1.5% management fee. All figures are converted to CAD.
