Institutional markets

Investment management services, in major equity asset classes,  for institutional investors: corporate and public pension plans • defined benefit plans • defined contribution plans • insurance companies • endowments • foundations

Triasima has been serving the institutional market since 1998. Our service approach is tailored to the specific requirements of each of our institutional clients.

Strategies

As of September 30, 2017

Investment Objective

The Triasima Canadian Long Short Strategy invests in Canadian equity securities and income trusts. Its investment objective is to generate a superior return to a performance benchmark consisting of 75% of 3- month Treasury Bill return + 25% of S&P/TSX Index return. Two secondary objectives are: 1) Outperform the S&P/TSX Composite Index over the long term (four years and longer) with less volatility than this index and a low correlation to the index and 2) Generate absolute returns over periods of eighteen months and longer.

Investment Approach

Since 1998, the team of investment professionals at Triasima have employed their proprietary research process that uses a multi-disciplined methodology called the “Three Pillar Approach” to provide consistent and stable returns to their clients regardless of market conditions.
Available underPooled fund
Inception dateJune 30, 2000
Investment approachTriasima Three-Pillar Approach
Type of holdingsEquity securities of Canadian companies
Number of holdingsLong positions: 35-120
Short positions: 15-80
Benchmark75%: 3-month T-Bill
plus 25%: S&P/TSX
Composite Index
As of September 30, 2017

Portfolio structure

Number of Longs 42
Number of Shorts 26
Long Value/Market Value 94%
Short Value/Market Value -69%
Short/Long 74%
Gross Exposure 163%

Sector allocation

As of September 30, 2017. Investment performance is from a composite of identical mandates.
Actual returns may differ slightly depending on the investment vehicle under which the strategy is applied.

Gross returns

Monthly performance Annual performance
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Triasima Indice/Index S&P/TSX
Composite
2001 -3.68 7.55 6.77 -2.73 1.75 -1.05 4.99 8.12 4.01 -1.23 0.69 -1.91 24.1 0.2 -12.6
2002 1.03 2.01 3.89 0.51 10.10 -1.32 -2.24 3.80 -0.24 -6.37 -8.37 2.61 4.2 -1.6 -12.4
2003 0.77 2.92 -1.11 -1.13 -1.74 -1.20 2.40 3.18 4.23 5.94 1.65 2.60 19.8 8.1 26.7
2004 2.80 3.81 1.04 -4.29 -0.05 2.83 1.01 0.04 0.43 0.57 5.66 3.37 18.3 4.8 14.5
2005 0.29 11.23 -2.51 -0.57 0.22 1.44 6.44 2.69 0.41 -4.93 0.91 5.82 22.5 7.2 24.1
2006 9.28 -4.66 5.76 2.99 -1.21 -2.73 -0.28 1.51 -2.60 2.83 4.59 6.14 22.8 6.6 17.3
2007 3.26 4.24 3.27 0.09 3.76 0.08 1.13 -3.16 -0.21 5.44 -3.29 1.20 16.5 5.0 9.8
2008 -7.32 4.29 1.38 2.09 4.41 14.26 -6.84 -2.84 -1.34 7.80 -2.52 -0.78 6.6 -7.2 -33.0
2009 -0.10 -4.82 -2.78 -8.46 0.47 0.60 0.33 -1.06 1.95 0.19 4.53 1.56 -7.9 7.8 35.1
2010 -5.19 2.65 4.49 1.65 -0.20 -1.77 -0.86 3.12 -3.66 0.23 2.70 0.88 3.6 3.9 17.6
2011 -0.94 4.56 0.92 0.29 1.46 -0.92 -0.92 -0.78 1.21 0.04 3.35 -1.32 7.0 -2.0 -8.7
2012 -5.07 0.05 -0.22 -0.22 -1.56 -0.26 -0.73 -1.56 -1.66 0.93 0.30 -0.38 -8.7 1.8 7.2
2013 3.66 2.79 1.06 3.96 1.08 -0.13 -0.67 -0.28 4.59 4.40 4.36 0.46 29.8 3.2 13.0
2014 -2.02 4.35 1.40 2.36 -0.64 3.35 -2.28 -0.03 -5.82 -3.00 -2.22 2.17 -2.8 2.6 10.6
2015 0.37 1.15 3.07 -3.16 1.55 0.89 8.19 -0.35 3.87 -3.74 3.23 1.73 17.5 -2.3 -8.3
2016 -1.75 -1.06 -3.86 0.42 1.23 3.25 1.53 -3.97 0.14 -2.67 -2.23 -2.53 -11.2 4.6 21.1
2017 0.36 -2.88 2.12 0.27 -1.88 -0.67 -1.10 0.49 0.48 -2.9 0.9 4.4

Annualized returns

3 months YTD 1 year 2 years 3 years 5 years 10 years Inception
Triasima -0.1 -2.9 -9.9 -6.6 -0.6 5.2 2.7 9.1
S&P/TSX 3.7 4.4 9.2 11.7 4.5 8.1 4.1 5.1

Performance and Risk Statistics



Annualized Compound return (%) Annualized Alpha (%) Monthly Correlation (%) Beta Annualized Standard Deviation (%) Annualized Shape Ratio Max Drawdown (%) Worst Month (%) Best Month (%)
Triasima 9.1 11.7 0.7 -21.2 -8.5 14.3
Indice/Index 2.3 9.1 9.0 0.31 3.4 0.4 -11.7 -4.1 3.0
S&P/TSX 5.0 9.4 7.9 0.07 13.6 0.3 -43.3 -16.7 11.5
July 2000 to September 2017
Investment performance is shown before management fees, performance fees and expenses and is annualized for periods over one year. Investment performance is from a composite of identical mandates. Future investment results will differ from past results.

Our address

1555 Peel St., Suite 1200, Montreal, Quebec H3A 3L8
T: 514.906.0667

About us

Triasima Portfolio Management Inc. is a Canadian investment management firm with a diversified clientele of more than 200 institutional and high net worth clients. The firm is known for its proprietary Three-Pillar Approach™, which combines fundamental analysis, quantitative analysis and trend analysis in a rigorous, yet innovative, investment process.