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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, understand the client, manage risk, minimize fees and taxes, uphold the highest standard of ethics and build trust.

Alex and Jay discuss Socially Responsible Investing (SRI) before accepting their award for SRI at the 72nd Anniversary Celebration of the United Nations which took place at Toronto City Hall in October 2017.

Alex and Jay, founders of AIP Asset Management discuss Socially Responsible Investing (SRI) at the 72nd Anniversary Celebration of the United Nations before accepting their award for AIP’s ongoing contributions towards the Sustainable Development Goals of the UN.

 

Alex and Jay at the 2014 Ernst and Young Entrepreneur of the Year Awards.

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.

Karl Lohwater - JD, LLM, BA | Chief Compliance Officer (CCO)

Karl was a General Counsel of two of the world’s largest actuarial and human resources firms, Towers Perrin (now Willis Towers Watson) and Buck Consultants (now Conduent) for over 20 years. He has managed legal, compliance, regulatory, and financial functions of SEC-regulated broke-dealers, investment advisors, commodity pool operators, and commodity trading advisors. He was the President, CCO, Financial and Operations Principal of broker-dealer subsidiary of Mellon Financial Corporation (now Bank of New York Mellon), and was Managing Director of retirement services division.

Karl received his J.D. from Columbia University Law School, where he was a Harlan Fiske Stone Scholar; his LM from New York University Law School; and his B.A. from The Collefe of Wooster, where he was a mathematics major. Karl has also been the Chief Operating Officer of a multi-strategy hedge fund. He is currently the Financial & Operations Principal of a FNRA-member broker-dealer and holds series 3, 7, 24, 27, 30, 63 and 65 licenses.

Karim Mecklai - BA, PDO | Vice President, Business Development

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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.

Saurabh Sahni, CFA | Associate Portfolio Manager

Saurabh is an Associate Portfolio Manager at AIP and helps in the management of the investment portfolios of private clients. He is deeply involved in maintaining client relationships, creating investment allocations, building IPSs, trading securities and performance measurement.

Saurabh brings along 5 years of M&A and capital raising experience gained while working with firms such as Moody’s Analytics, Valitas Capital Partners and Wodehouse Capital Advisors. Prior to his experience in investment industry, he was an entrepreneur and was involved in his family business of metals where he inherited business acumen and gained operational experience.

Saurabh completed his Bachelor of Commerce at University of Delhi (India) and is a CFA charterholder.”

Alexander Kanaev | CIM Associate AVP

Alexander is an Associate Vice President and has been with AIP since 2015.

Alexander has buy-side experience in the private and public markets. Prior to joining AIP, Alexander spent over 10 years in Automotive and Dealership Finance. Alexander holds a Bachelor’s Degree in Business and Auto Finance, holds a CIM designation and is working towards his CPA designation.

Raphael Song | Analyst, Investment and Operations

Raphael joined AIP Asset Management in the spring of 2020. He graduated from Western University with an Honors Specialization in Finance for MOS and has completed the CFA level 1. As part of the SMA team, he helps with the analysis and construction of client portfolios, as well as providing quarterly market commentaries and operational tasks required to service AIP’s clients.

AUM Law

AIP Asset Management is proud to retain AUM Law as its law firm on record.  AUM Law 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.

Awards

International

  • Best Macro Hedge Fund (Since Inception): AIP Global Macro LP (2018) – Acquisition International Hedge Fund Awards
  • 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

  • Best Portfolio Manager – Toronto (2018) – Acquisition International Hedge Fund Awards
  • Sustainable Development Goals (SDG) Recognition Award (2017) – UN Association in Canada, Toronto Branch
  • 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

Get In Touch

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