BeeQuest Inc. selected by QEMP for an ESG Canadian equity mandate
Montréal, Québec, February 6, 2023
Following a rigorous selection process, the Quebec Emerging Manager Program (“QEMP”) has selected BeeQuest Asset Management Inc. (“BeeQuest”), an investment management firm specializing in responsible investment strategies customized to each client’s unique values. Its sustainable investment strategies target companies that have strong business ethics and sustainable operations, that invest in clean technology and have a positive impact on their communities.
BeeQuest was founded in Montréal in 2021 by two former managers of a Montréal-based firm internationally reputed for its expertise in private and institutional portfolio management, including a significant responsible investment component.
The BeeQuest Canadian Equity ESG Fund L.P. aims to provide clients with diversified exposure to high-quality Canadian equities with a focus on ESG integration. Through diligent financial and ESG risk management, the strategy has a strong sustainable investment bias and superior resilience to market shocks.
“We are very proud and honoured to have been selected by the QEMP. This marks an important step for BeeQuest and gives us great momentum to start the year. A respected program like the QEMP is a smart and effective way to support entrepreneurship and Québec’s financial ecosystem. Our approach is forward-thinking, anchored by the correlation between responsible business practices and long-term returns.”
– Mathieu Blais, Co-founder, BeeQuest
“The QEMP signals a vote of confidence to investors on the calibre of our institutional management approach. Investor appetite for quality, responsible strategies remains high, and client demand for innovative solutions that reflect their values is on an upswing. That’s where we come in.”
– Tommy Ouellet, Co-founder, BeeQuest
«“We are pleased to welcome BeeQuest, growing the QEMP’s current offering of responsible investment strategies and responding to market demand. More than ever, our investors want their values to be reflected in their capital allocation. BeeQuest’s customized approach and the cumulative experience of its founders in portfolio construction and management are key factors that set the firm apart and strengthen the local financial sector.”
– Carolyn Cartier-Hawrish, Manager, QEMP
BeeQuest will replace Allard, Allard & Associés (“Allard”) Value Strategies Fund L.P. for the Canadian equity mandate. Founded in 1995, Allard now has over $800 million in assets under management and a team of 14 employees. Its four managers are supported by an experienced team of analysts and finance, operations and information technology specialists. Its unwavering value approach and rigorous, disciplined and rational process have enabled it to generate consistent, above benchmark returns since the launch of its strategies, including its Canadian Equity (11.9% vs. 8.1%) and Global Equity (11.4% vs. 10.7%) strategies launched over 27 years and 13 years ago respectively. Building on the institutional experience gained in the QEMP since 2016, the Allard team will continue to manage Canadian Equity and Global Equity mandates for its clients. This new graduation is in addition to the recent graduations of Landry and Galliant, also managers of the 2016 cohort. The assets will be deployed to support new firms and continue to stimulate the Québec financial ecosystem, in line with the mission of the QEMP.
The QEMP grants emerging managers structured investment mandates and offers a mentorship framework, supported by prestigious Québec institutional investors. Within this context, Innocap, the combination of two of the most respected firms in the dedicated managed account industry: Innocap + HedgeMark, ensures a rigorous institutional framework in terms of due diligence, risk management and continuous monitoring of the program. As the leader in the dedicated managed account industry, Innocap works with investors to increase transparency and control over their assets. The PGEQ Fund L.P. has C$370 million of assets under management as of December 31, 2022.
About the QEMP
Created in 2016, the QEMP’s mandate is to promote the growth of financial entrepreneurship in Québec by offering institutional investors diversified investment strategies managed by independent Québec-based emerging managers. This project was developed in connection with the work of Finance Montréal’s Entrepreneurship Work Group, in collaboration with established portfolio management firms. The QEMP seeks emerging managers offering traditional strategies (fixed income, Canadian equity, US equity, global equity, sustainable or ESG strategies, etc.) and alternative strategies (hedge funds, sustainable or ESG strategies and real asset funds, etc.). In order to invest in the growth of leading managers of the future, the QEMP encourages allocators, cities and municipalities, pension funds, foundations and universities to join the program. For more information about the QEMP, visit www.qemp.ca or consult our LinkedIn page.
Innocap is the combination of two of the most respected firms in the dedicated managed account industry: Innocap + HedgeMark. Since 1996, Innocap provides institutional allocators a superior way to structure, access and monitor their alternative investments through their platform. Innocap is the leading Dedicated Managed Account Platform in the world with US$49 billion in assets as of August 1st, 2022, >235 funds, >US$900 billion of client assets leveraging their technology. They benefit from solid, committed, and long-term institutional shareholders. Innocap’s team is home to >300 innovative talents and robust financial technology operating from 7 locations worldwide. For more information about Innocap, visit www.innocap.com or consult our LinkedIn page.
BeeQuest is an investment management firm that offers sustainable, customized and optimized investment strategies based on each client’s unique values and financial needs. The portfolio construction approach is tailored to align clients’ financial assets with their values and sustainability objectives. BeeQuest was founded in 2021 by two seasoned industry professionals, Mathieu Blais and Tommy Ouellet, with backgrounds in institutional and private portfolio management. The company is entirely held by its employees. BeeQuest operates out of Montréal, recently identified as a “hotbed for sustainable finance” by Startup Genome in its Global Startup Ecosystem 2022 report. For more information about BeeQuest and its mission, visit www.beequest.ca or consult our LinkedIn page.
Allocators interested in learning more about the QEMP should contact:
Global Head, ESG and Impact Solutions