Real Assets Build Real Resilience

Portfolio Managers

Stephen Bonnyman
Stephen Bonnyman, MBA, CFA®
VP, Portfolio Manager and Head of Equity Research
AGF Investments Inc.
Jeff Kay
Jeff Kay, M.Sc.
VP & Portfolio Manager
AGF Investments Inc.
AGF Investment Oversight Committee
AGF Investment Oversight Committee
AGF Investment Oversight Committee
AGF Investments Inc.
VP, Portfolio Manager and Head of Equity Research

Stephen Bonnyman is Head of Equity Research and Portfolio Manager of AGF’s Global Real Asset portfolios. Working closely with the AGF research teams, Steve focuses on identifying companies with advantaged business models, solid balance sheets, favourable cost structures, attractive valuations or unrecognized growth. Steve is a member of the AGF Asset Allocation Committee (AAC), which is comprised of senior portfolio managers who are responsible for various regions and asset classes. The AAC meets regularly to discuss, analyze and assess the macro-economic environment and capital markets in order to determine optimal asset allocation recommendations.

He joined AGF in 2013 with more than 20 years of buy- and sell-side experience covering the global materials industry, including five years of institutional money management. Prior to joining AGF, Steve was Managing Director and Mining Analyst at a major financial institution, responsible for global company research coverage and equity market analysis. Prior to that, he was an analyst and portfolio manager at two leading asset management firms.

Steve has a B.Sc. in Geology from McMaster University and an MBA from Dalhousie University. He is a CFA® charterholder.

Portfolio Manager under AGF Investments Inc. and AGF Investment America Inc. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

VP & Portfolio Manager

Jeff Kay joined AGF as part of the Highstreet* Investment Management team in 2011. He is the portfolio manager responsible for AGF’s option overlay and hedging strategies, and also serves as co-portfolio manager of AGF Global Real Assets Fund/Class.

Prior to this, Jeff was an associate portfolio manager, assisting with the day-to-day management of the option overlay strategies and was primarily responsible for quantitative research and strategy development within Highstreet’s structured products team. Before joining Highstreet, Jeff worked in credit and market risk management as well as quantitative analysis for a large Canadian financial institution.

Jeff has two decades of investment experience. He has a B.Sc. in Mechanical Engineering, a B.Sc. in Applied Mathematics, and M.Sc in Applied Mathematics from Western University with a focus in Quantitative Finance and option theory. Jeff continued his Master’s degree research as a Ph.D candidate in the Applied Mathematics department at Western, but left prior to competition to start his finance career.

*Highstreet is a wholly-owned subsidiary of AGF Investments Inc.

AGF Investment Oversight Committee