The investment objective of the Norrep Fund is to achieve "measurably superior" long-term capital appreciation by investing in Canadian small and mid capitalization public and private equities. We use fundamental and quantitative analysis to ensure our investments are reasonably valued on a market, sector, and historical basis.

Value-Oriented

By implementing a number of fundamental and quantitative techniques across our universe of possible investment options, we are able to identify the key factors that contribute to the underlying success of companies. Having identified these key elements, we then invest only in strong and motivated management teams that offer the best combination of value and growth potential. We believe in serendipity; good things happen to well run companies.

Unknown and Underappreciated

We excel at identifying undervalued equities with significant growth potential before the market recognizes their value. Whether these investments are undervalued due to a lack of analyst coverage, mistakes by previous management teams, or a misunderstood business model, our independent in-house research allows us to locate and exploit and capitalize on these opportunities.

Long-Term Investment Style

We invest in securities with long-term growth potential, regularly holding our top ten ideas for longer than three years. Generally, our top ten holdings represent 40 to 50 per cent of the portfolio's value. We view market gyrations as an opportunity for patient long-term investors. In fact, our track record has shown that lasting out-performance can be achieved through our disciplined and consistent investment methodology.