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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

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Jay Bala is the CEO and Senior Portfolio Manager of AIP Asset Management.  Jay has over fifteen years’ of industry experience and previously worked as an Associate Portfolio Manager with Kingsmont Investment Management and Third Eye Capital as an Investment Analyst which manages the Sprott Private Credit Trust.  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

SAM_7027napaA 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.

Robert Rizk - B.Comm, CFA | Vice President

SAM_7192napaRobert 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.

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

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William is AIP Asset Management’s Chief Compliance Officer.  He started in the mutual fund industry in 1997 with London Life Mutual Funds (Maxxum Funds) and has spent the last 20 years in the financial services industry working in finance and compliance roles, usually that of the CCO or CFO. Experienced in governance and privacy, he has served on regulatory committees and advised on various recent financial startups.

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).

Matt Hoang - BA, CPA, CA | Chief Financial Officer

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Matt Hoang is a Chartered Accountant with over ten years of experience as an executive in the real estate and asset management industries.  Prior to joining AIP Asset Management, Matt was the CFO of an investment manager’s publicly traded closed end funds and merchant bank.

Highly experienced in the investment funds industry, he held an executive position with a fund administrator that provided transfer agency and valuation services for alternative asset managers.  Prior to moving into the asset management industry, Matt led the finance and accounting function of the self-storage division for a real estate investment company.

Venus Lee | Analyst, Separately Managed Accounts

SAM_7060napaVenus 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

SAM_7236napaStephanie 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 on the Board of Directors 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).

WeirFoulds LLP

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AIP Asset Management is proud to retain WeirFoulds LLP as its law firm on record.  WeirFoulds LLP advises AIP on a range of legal matters regarding all aspects of investment fund and asset management activities, and is an integral part of the team.

Mason Shan

Mason Shan is the Chair of the Independent Review Committee (IRC) and is a seasoned legal professional with significant experience in securities, M&A, and commercial law. He currently holds the position of Legal Counsel Canada for Baxter International, having previously held progressive legal roles at top tier national firms such as Cassels Brock & Blackwell LLP, Heenan Blaikie LLP and Miller Thomson LLP.

Mr. Shan holds a Juris Doctorate from Queen’s University and a Bachelor of Science from the University of Toronto.

 

Jeff Cheah

Jeff Cheah is a member of the IRC, a Chartered Market Technician (CMT) and Economist. His entire career has been in the capital markets industry where he has been involved in market risk and economic analysis. As a former policy maker at the Bank of Canada, he contributed to the decision-making process to ensure financial market stability in Canada.

He has served as board member in the MTA Treasury Committee, the Ontario March of Dimes Investment Committee and the Canadian National Institute for the Blind Finance Committee.

Howard Ku

Howard Ku is a member of the IRC, and an Independent Consultant for regulatory compliance and governance who has more than ten years of knowledge and experience within the financial services industry. He is currently engaged on the Basel 239 RDARR project for the data management at Scotiabank. Prior to that, he was a Compliance Manager at the Bank of Montreal where he executed the enterprise wide OSFI E-13 regulatory framework. He also previously chaired the Regulations Business Group Committee at the Interac Association and was a key speaker at its 2012 Compliance Assessment Forum.

Mr. Ku. holds a Bachelor of Arts degree from the University of Toronto and is CAMS certified.

Awards

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

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