We've been managing portfolios responsibly since 1987.

Who We Are

Founded in 1987, Lester Asset Management is a Montreal-based discretionary portfolio management firm duly registered with Canadian regulatory authorities. The firm specializes in equities and fixed income securities and Global Environmental, Social, and Governance (ESG) focused equities for a clientele of individual investors (high net worth, family offices, trusts and estates) and institutional investors (foundations, pension funds and non-profits).

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Our size and investment strategies give us the agility to deliver exceptional returns and navigate all market conditions.

Owned and managed by seasoned financial professionals, our firm is completely independent. This boutique approach does not prevent us from having the necessary partnerships and tools to offer institutional-calibre responsible portfolio management.

Our Approach

Our Team

Over 50 years of capital markets experience and a complementary
set of skills in research, portfolio management and client services.

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J. Anthony Boeckh

Chairman of the Board

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Stephen Takacsy

President and Chief Executive Officer, Chief Investment Officer and Lead Portfolio Manager, Canadian Equities

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Lorie Haché

Office Manager and Senior Manager, Client Services and Portfolio Administration

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Olivier Tardif-Loiselle

Lead Portfolio Manager, Fixed Income

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Kate Passingham

Portfolio Administrator and Associate Relationship Management

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Elisa Stawnyczy

Compliance & Operations Associate, and Portfolio Administrator

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Matthew Kaszel

Lead Portfolio Manager, Global Equities & Lynx Global Biodiversity Fund

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Rala Chen

Research Analyst, Global Equities

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Helen Barfurth

Compliance Consultant

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Jennifer McDonald

Research Analyst Intern, Environmental Science

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Maria El Dahdah

Research Analyst Intern, Agricultural Science

Our Mission

We are committed to preserving and growing our clients’ financial wealth through responsible portfolio management, while providing a high level and personalized service to meet their evolving needs.

Our History

2024

The Lynx Global Biodiversity Fund launched

Firm becomes a partner of Nature Action 100

2022

Firm wins two more GMR Top Performer Awards

2021

LAM Canadian Fixed Income Fund launched

Firm becomes a signatory to the UN Principles for Responsible Investment (PRI)

Firm wins a Global Manager Research (GMR) Top Performer Award

2019

The firm is selected for the Quebec Emerging Managers Program (QEMP)

2012

LAM Canadian Equity Fund launched

2006

Stephen Takacsy hired as Chief Investment Officer

Canadian Equity and Canadian Fixed Income strategies launched

Firm name changed to Lester Asset Management

1987

Incorporation of Murray Lester Investment Counsel in Montreal

Values Rooted in the Highest Ethical Standards of our Industry

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Integrity

As portfolio managers, we have a fiduciary duty to put the interests of our clients first. All of our investment decisions are consistent with our fiduciary role, our code of ethics and our beliefs. We foster accountability and invest in our own strategies, thereby aligning our interests with those of our clients.

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Transparency

We communicate openly, consistently and honestly with our clients. We are transparent about our business practices, market outlook and skills because that’s how you build trust.

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Independence

As independent portfolio managers, we always act in a completely impartial manner. The only remuneration we receive is from our management fees as we do not sell any third-party investment products for which we receive commissions. As such, our compensation is directly tied to the value and growth of our clients’ portfolios.

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Expertise

We are aware of our strengths and we aim to be the best at what we do – finding the greatest investment opportunities in the equity and bond markets. We believe that it is by refining our expertise that we will deliver exceptional results.

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Confidentiality

We place the highest priority on safeguarding client information. Strict cybersecurity and other measures are in place to protect our portfolio data and to ensure the utmost confidentiality.

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Responsability

We are collectively responsible for managing our clients’ portfolios with their best interests in mind and for reaching their investment objectives. For us, the value of responsibility also translates into the importance of contributing to sustainable prosperity for future generations by integrating ESG criteria including biodiversity considerations into our investment processes.

Our Partners

These service providers allow us to focus on our strengths: portfolio management and client service. By outsourcing custodial, trading, settlement as well as certain of our legal and administrative activities to reputable suppliers, we ensure integrity and excellence.

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Custodian

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Fund Administrator

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Fund Trustee

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Auditors

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Legal counsel