Founded in 2004, Hexavest is an independent investment management firm located in Montréal, Canada. The firm provides discretionary investment management of International equities (Europe and Asia), U.S. equities, Canadian equities, and Tactical Asset Allocation for institutional clients. The creation of Hexavest came about when its six founding partners decided to unite their efforts to build a dynamic and stimulating environment that would enable them to focus on generating added value for their clients. Over the years, their experienced portfolio managers have developed an original and rigorous investment approach that has generated value in all types of market environments, especially when markets are turbulent.

As of December 31, 2008, Hexavest counts 14 employees and manages close to $1 billion in assets for 41 clients.

Highlights:

• Hexavest believes that by actively managing all drivers of performance, they are maximizing their chances of success while minimizing the portfolio's risk
• The firm puts great emphasis on preserving the capital of its clients, and therefore, has a value bias
• The firm's approach is predominantly top-down
• Over the years, the firm has developed quantitative models aimed at supporting its fundamental research