September 20, 2019
TORONTO, September 20, 2019 /CNW/ – Bristol Gate Capital Partners Inc. (“Bristol Gate” or the “firm”), a leader in dividend growth investing, announced certain upcoming changes in respect of its officers. Bristol Gate is the manager of Bristol Gate Concentrated Canadian Equity ETF (TSX: BGC) and Bristol Gate Concentrated US Equity ETF (TSX: BGU/BGU.U) (the ETFs).
Bristol Gate is pleased to provide details about Peter Simmie’s retirement from the role of Chief Investment Officer, which is planned for the end of this year.
Commenting on the transition, CEO Richard Hamm said, “Over the last 13 years with Bristol Gate, Peter has shared his in-depth knowledge and expertise, which has led to the development of our systematic and disciplined investment process that is carried out by a team of highly talented professionals. We are extremely grateful for Peter’s contributions to the firm’s growth and success over this time.”
Peter will remain a shareholder and Director of the firm and assume the role of Vice Chair.
Transition details
Izet Elmazi, Senior Portfolio Manager, will be named Chief Investment Officer and assume responsibility for chairing the firm’s investment committee upon Peter’s retirement from the role. He will become lead portfolio manager on our US and Canadian equities team effective January 1, 2020. Izet is an 11-year veteran of the portfolio management industry and has been with Bristol Gate since May 2018. Izet is a CFA charter-holder, holds the CPA, CA qualification and is a graduate of the University of Toronto.
Achilleas Taxildaris, Portfolio Manager, will join the investment committee. Achilleas is a CFA charter-holder and earned his MBA from the Ivey Business School at Western University. He joined Bristol Gate in February 2017, having ten years industry experience, including two years with Linghor & Partner in Germany where he began his career as an equity analyst.
Poorya Ferdowsi, PhD., will be promoted to Chief Data Scientist, and will oversee the firm’s analytical research responsibilities. The research team will continue reporting to the CIO.
Since Bristol Gate’s inception, it has focused on developing an investment process that is continuously improved, documented and systematically managed by a team of dedicated professionals. Underlying this operating premise is a core belief in the scientific approach to investment management and that using data science in conjunction with fundamental analysis significantly improves investment outcomes. Pending CIO Izet Elmazi stated, “I was attracted to the unique process, impressive team and enviable track record Bristol Gate built under Peter’s guidance. The investment team is excited to build on the foundation he helped lay while safeguarding the firm’s core principles of continuous improvement and evidence-based decision making.”
About Bristol Gate
Bristol Gate Capital Partners is an independent, employee owned investment management company managing over $1.2 billion for institutional and individual clients in Canada and the United States. The firm uses predictive machine learning in combination with fundamental analysis to identify high quality companies that have the capacity and willingness to significantly increase their dividend in the year ahead. Its flagship US dividend growth strategy was recently assigned Morningstar’s top five star rating for its 10-year performance.
Before investing, investors should carefully read the prospectus and ETF facts and carefully consider the investment objectives, risks, charges and expenses of the ETFs. For this and more complete information about the ETFs call 416-921-7076 or visit www.bristolgate.com for the prospectus and ETF facts. Copies of the prospectus and ETF facts are also available on www.sedar.com.
For more information, please contact:
Michael Capombassis
President
416-921-7076 x 248
mike.capombassis@bristolgate.com
Important Disclosures
There is a risk of loss inherent in any investment; past performance is not indicative of future results. Prospective and existing investors in Bristol Gate’s pooled funds or ETF funds should refer to the fund’s offering documents which outline the risk factors associated with a decision to invest. Separately managed account clients should refer to disclosure documents provided which outline risks of investing. Pursuant to SEC regulations, a description of risks associated with Bristol Gate’s strategies is also contained in Bristol Gate’s Form ADV Part 2A located at www.bristolgate.com/regulatory-documents.
This piece is presented for illustrative and discussion purposes only. It should not be considered as personal investment advice or an offer or solicitation to buy and/or sell securities and it does not consider unique objectives, constraints, or financial needs of the individual. Under no circumstances does this piece suggest that you should time the market in any way or make investment decisions based on the content. Investors are advised that their investments are not guaranteed, their values change frequently, and past performance may not be repeated. References to specific securities are presented to illustrate the application of our investment philosophy only, do not represent all of the securities purchased, sold or recommended for the portfolio, it should not be assumed that investments in the securities identified were or will be profitable and should not be considered recommendations by Bristol Gate Capital Partners Inc. A full list of security holdings is available upon request. For more information contact Bristol Gate Capital Partners Inc. directly. The information contained in this piece is the opinion of Bristol Gate Capital Partners Inc. and/or its employees as of the date of the piece and is subject to change without notice. Every effort has been made to ensure accuracy in this piece at the time of publication; however, accuracy cannot be guaranteed. Market conditions may change and Bristol Gate Capital Partners Inc. accepts no responsibility for individual investment decisions arising from the use of or reliance on the information contained herein. We strongly recommend you consult with a financial advisor prior to making any investment decisions. Please refer to the Legal section of Bristol Gate’s website for additional information at bristolgate.com.
A Note About Forward-Looking Statements
This report may contain forward-looking statements including, but not limited to, statements about the Bristol Gate strategies, risks, expected performance and condition. Forward-looking statements include statements that are predictive in nature, that depend upon or refer to future events and conditions or include words such as “may”, “could”, “would”, “should”, “expect”, “anticipate”, “intend”, “plan”, “believe”, “estimate” and similar forward-looking expressions or negative versions thereof.
These forward-looking statements are subject to various risks, uncertainties and assumptions about the investment strategies, capital markets and economic factors, which could cause actual financial performance and expectations to differ materially from the anticipated performance or other expectations expressed. Economic factors include, but are not limited to, general economic, political and market factors in North America and internationally, interest and foreign exchange rates, global equity and capital markets, business competition, technological change, changes in government regulations, unexpected judicial or regulatory proceedings, and catastrophic events. Readers are cautioned not to place undue reliance on forward-looking statements and consider the above-mentioned factors and other factors carefully before making any investment decisions. All opinions contained in forward-looking statements are subject to change without notice and are provided in good faith. Forward-looking statements are not guarantees of future performance, and actual results could differ materially from those expressed or implied in any forward-looking statements. Bristol Gate Capital Partners Inc. has no specific intention of updating any forward-looking statements whether as a result of new information, future events or otherwise, except as required by securities legislation.
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