London Capital Management is GLC’s bottom-up, quantitative-driven investment management division. London Capital’s proprietary approach to fundamental factor analysis underpins both stock selection and portfolio construction. Specific and tailored to each mandate, we isolate exposure to only those stocks with the most attractive combination of attributes. Where appropriate, a fundamental overlay identifies additional qualitative risks. It’s a systematic method designed to deliver strong, long-term, risk-adjusted returns through a transparent and repeatable process. 

Brenda Nicholls

Vice-President, Equities


Brenda is the lead portfolio manager of the London Capital U.S. Mid Cap equity portfolio and co-manages the London Capital U.S. Equity mandate. She’s also a member of the GLC Asset Mix Committee. She joined the GWLIM equity team in 1998.

Brenda is a CFA charterholder and earned an honours bachelor of commerce degree from the University of Manitoba. She also holds a Chartered Market Technician designation.

Robert Lee

Vice-President, Equities


Robert co-manages the London Capital U.S. Value mandate, Canadian Low Volatility mandate and Global Sector mandates (Global Infrastructure Equities and Global Real Estate Equities).

Robert’s portfolio management responsibilities include developing fundamental factor models to analyze and value companies in a variety of sectors and building proprietary quantitative models to support many of London Capital's equity mandates.

Before joining London Capital in 2007 as an equity analyst, he worked in corporate finance, risk management and equity fundamental research for a commodity firm.

Robert holds an undergraduate degree in economics from Western University and an MBA from the Richard Ivey School of Business. He is also a CFA charterholder.

Ryan Marcy

Vice-President, Equities


Ryan is the lead portfolio manager of London Capital's core Canadian equity mandate, which is the basis for the London Life Canadian Equity Fund (LC) – the largest segregated fund in Canada within the Canadian equity category.*

On top of more than 10 years of focusing on London Capital’s core Canadian equity mandate, he has managed several North American equity mandates.

A key member of the London Capital Management investment team, Ryan has been actively involved in developing fundamental and proprietary quantitative analysis models covering a variety of sectors and mandates.

Before joining London Capital in 2004 as an equity analyst, he gained investment management and financial analysis experience working for several large financial institutions.

Ryan earned an undergraduate degree in commerce from Dalhousie University and an MBA from Wilfrid Laurier University. He is also a CFA charterholder.

*source: Morningstar, August 2017.

Pei Li

Manager, Equities


Pei is co-manager of London Capital’s Global Real Estate, Global Infrastructure, Canadian Low Volatility and U.S. Value mandates.

Before joining GLC in 2015, he was actively involved in quantitative investing for one of Canada’s largest institutional investment managers in Alberta.

Pei started his career in 2006 at a large financial institution specializing in investment risk management technology. He specialized in integrating new option pricing models, enhancing trading platforms and managing pricing and risk databases for equities, commodities, fixed income and foreign exchange derivatives.

A CFA charterholder, Pei completed a master of mathematics (statistics-finance) degree at the University of Waterloo and a master of science degree in pure mathematics at Simon Fraser University.

Martin Rose

Manager, Equities


Martin co-manages the London Capital U.S. Equity portfolio and is lead portfolio manager of the London Capital Science and Technology portfolio strategy.

Martin joined the GWLIM portfolio management team in 2006, focusing on U.S. equities. He brings more than 16 years of industry experience to the team.

Martin is a CFA charterholder and has an honours bachelor of commerce degree from the University of Manitoba.

Carol Fewer

Trader, Equities


Carol joined the company in 2012 as the lead equity trader for the London Capital team and brings more than 30 years of experience managing equity trade desk teams.

Carol is a former founding executive director of the Canadian Securities Traders' Association as well as a former executive director of the Montreal Institutional Equity Traders’ Association, the Toronto Institutional Equity Traders’ Association, and the Buy-side Traders’ Association.

Timothy Li

Analyst, Equities


Timothy joined the company in 2017, bringing with him 2 years of industry experience with various investment firms in Toronto.  Timothy earned an honours bachelor of business administration degree from Wilfrid Laurier University.

Steven Yao

Analyst, Equities


Steven joined the company in 2016 and has focused on supporting London Capital's U.S. Value mandate.

Steven has a masters of accounting degree and honours bachelor of mathematics degree from the University of Waterloo and is a Chartered Alternative Investment Analyst (CAIA) charterholder.

Grant Fulford

Senior Analyst, Equities


Grant joined the company in 2010 starting off in the Portfolio Management Training program and he supports London Capital’s  U.S. equity portfolio managers.

He has an honours bachelor of commerce degree from the Asper School of Business at the University of Manitoba, and he is a CFA charterholder.