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About Us

AIP Asset Management is an Investment Fund Manager and Portfolio Manager based in Toronto

Our core focus is to help clients, be they retail investors, institutions, hedge funds, or family offices to achieve their investment goals. We also work with investment advisors who are looking to optimize client portfolios given the restraints clients often have.

AIP has gained a reputation for its innovative approach to portfolio construction and a commitment to investor advocacy. Our investment objective is to generate superior risk-adjusted investment returns using a global top-down investment approach to uncover opportunities in global equities, fixed income securities and in special situations.

AIP is an internationally recognized, award-winning asset management firm.  Most recently, it took home the 2017 Hedgeweek Award for Best Macro Hedge Fund and in 2014, it was nominated for the Ernst and Young Entrepreneur of the Year Award – the world’s most prestigious business award for entrepreneurs.  AIP has also been named Best Macro Hedge Fund in Canada at the Acquisition International Hedge Fund Awards sponsored by Barclay Hedge in 2015 and was named Best Emerging Market Focused Private Investment Firm in North America in 2014 at the Alternative Investment Awards.

At AIP, our mission is to protect and grow our clients’ wealth. Our investment philosophy integrates research into a rigorous investment process; we focus on the things we can control, understanding the client, managing risk, minimizing fees and taxes, upholding the highest standard of ethics and building trust.

Alex and Jay, the founders of AIP Asset Management.

About the team

Jay Bala, B.Comm, CFA Senior Portfolio Manager

Jay Bala -AIP Asset management )With over fifteen years’ industry experience, Jay has worked for the AIP-Kingsmont Fund and the Third Eye Capital/Sprott Fund. Prior to that, Jay was an Equity Research Analyst at a leading independent boutique investment bank and worked at the family office of one of Canada’s wealthiest families.

Jay holds a Bachelor of Commerce from the University of Toronto and is a CFA charter holder. In 2014, Jay was a nominee for the Ernst & Young Entrepreneur of the Year Award.

Karim Mecklai, BA, PDO Vice President, Business Development

A veteran in the Canadian investment industry, Karim is responsible for business development and recruiting at AIP.  He honed his strategic skills at firms such as Portfolio Strategies Securities Inc. (PSSI), B2B Bank, Beacon Wealth Management, Dundee Wealth and Assante Wealth Management.   During his time at Assante, Karim was registered as a Regional Vice President (RVP) for Central Canada region.

Karim holds a Bachelor of Arts in Economics from the University of British Columbia, a Diploma in Accounting from Langara College and completed the Partners, Directors and Senior Officers Course (PDO) from the Canadian Securities Institute.

William Wecherkiwsky, B.Comm, MBA, CPA, CMA Chief Compliance Officer

William Wecherkiwsky is an experienced C-level executive who is a CFO, CCO, COO and CEO for both USA and Canadian regulated financial firms.  He joined AIP Asset Management in 2016 as a Chief Compliance Officer, where he oversees and manages regulatory compliance issues.  He has experience in registering and de-registering firms, updating policies and procedures and assisting in helping firms get out of regulatory situations.

William holds a Bachelor of Commerce from McMaster University, an MBA from Niagara University in New York and is a Certified Professional Accountant (CPA) and Certified Management Accountant (CMA).

Robert Rizk, B.Comm, CFA Vice President

Robert Rizk, Vice President joined AIP Asset Management in the fall of 2016. Robert began his investment career in 2002 as a Client Service Representative with Talvest Fund Management moving to Toronto in 2003.  In 2008, Robert joined Provisus Wealth Management where he was responsible for managing the sales team as well as supporting the Portfolio Management team in managing existing and prospective clients’ investment portfolios, created and implemented Investment Policy Statements for clients.

Robert graduated from Concordia University (Montreal) in 2000 with a Bachelor of Commerce.  He earned his Charted Financial Analysts (CFA) charter in 2011.

Venus Lee Analyst, Separately Managed Accounts

Venus Lee is a financial services professional with over 10 years of experience.  She began her career at RBC Dominion Securities, where she was responsible for operations, analyzing and compiling numerical data and maintaining accounts.

She holds a Diploma in Business Administration and Management from Pope Paul VI College in Hong Kong. In her spare time, she enjoys spending time with family, friends and exploring new cities around the world.

Stephanie Chong, BA Investor Relations and Digital Media Specialist

Stephanie joined AIP Asset Management in spring 2017.  She began her career in marketing and public relations at a top PR agency in Toronto, securing media coverage for nationally acclaimed brands such as DAVIDsTEA, Mountain Equipment Co-op (MEC) and Bloor-Yorkville Business Improvement Area (BYBIA). Then, she moved on to work in the professional services industry at a law firm, where she was held responsible for branding, social media and strategic partnerships. A believer of social responsibility, she serves as Co-Chair of Public Relations at the United Nations Association in Canada – Toronto Branch.

Stephanie holds a Bachelor of Arts in Philosophy from York University, a Postgraduate certificate in Public Relations from Humber College and is working towards completing her Canadian Securities Course (CSC).

Awards

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International

  • Best Macro Hedge Fund – Canada (2017) – Hedgeweek Global Awards 2017
  • Best Macro Hedge Fund – Canada (2015) – Acquisition International Hedge Fund Awards
  • Global Award for Excellence Investing in Special Situations (2014) – Alternative Investment Awards

Canada and North America

  • Portfolio Management firm of the year (2015) – ACQ Global Awards
  • Investment Fund Portfolio Manager of the Year, Jay Bala (2015) – ACQ Global Awards
  • Private Investment Firm of the Year (Emerging Markets) (2015) – ACQ Global Awards
  • Macro Hedge Fund of the Year (2015) – ACQ Global Awards
  • Portfolio Management Firm of the Year (2014), ACQ Global Awards
  • E&Y – Ontario, Entrepreneur of the Year (2014)
  • Best Emerging Market Focused Private Investment Firm – North America (2014) – Alternative Investment Awards
  • Financial Services (2014) – Business Excellence Awards