The MICs Group of Health Services and 18 Asset Management Begin New Partnership
The MICs Group of Health Services (“MICs”) and 18 Asset Management (“18 AM”) are pleased to announce a valued partnership between the two organizations. After a comprehensive due diligence process by MICs, 18 AM has been selected by MICs for a balanced portfolio mandate.
Paul Chatelain, CEO of MICs, said “18 AM is a company with a wealth of experience and knowledge in the industry. Their size allows them to provide exceptional personal service and a collegial, no nonsense approach. In addition, 18 AM is excellent in their responsiveness to our inquires and needs.”
Jeff Brown, President and CEO of 18 AM said “18 AM is honoured to be chosen as MICs’ investment manager. We value our role of contributing to the MICs Board’s execution of their fiduciary duty. We are pleased to welcome MICs as a client. We look forward to building a strong and lasting relationship.”
About The MICs Group of Health Services
MICs is a multi-site health organization that provides primary, secondary and long-term care health services to individuals within a 100km stretch along the Trans Canada highway within the Cochrane District Catchment area. Collectively, MICs operates a 211-bed facility which is a combination of Bingham Memorial Hospital, Anson General Hospital and Lady Minto Hospital.
About 18 Asset Management
18 AM is an independent investment boutique managing active Canadian Equity, US Passive Ethical Equity and Global Balanced strategies for pensions, foundations and endowments. The team brings over 100 years of investment industry experience to its clients. 18 AM is based in London, Canada. 18 AM is an Imaging Caring Company.
About the 18 AM Global Balanced Portfolio
18 AM’s Balanced Portfolio is a hybrid of active and passive management. 18 AM actively manages in less efficient markets with reasonable outperformance opportunities (eg. Canadian Equity). 18 AM uses passive management in efficient markets with little propensity for sustained outperformance (eg. Fixed income and US Equity). With this unique approach, clients benefit from: 1) the reduction of the extent of underperforming in key asset classes, 2) the reduction of fees that comes with passive management.