The founding partners were pioneers, putting Western Canada on the map for independent investment management. When it came to investing on its clients' behalf, PH&N Institutional favoured growth companies when value investing was the accepted norm among the investment elite. Indeed, PH&N Institutional was an early adopter of utilizing earnings momentum, earnings surprise, and relative strength to uncover successful companies that could also become successful investments. While building its investment reputation, PH&N Institutional also became known for its ethics and transparency. With below-average fees and above-average performance, the firm grew at an enviable pace. Protecting itself from hubris was rooted deep within the culture from day one, a culture based on humility with an unwavering focus on operating in the best interest of clients.
In the 1970s, PH&N Institutional began to offer fixed income strategies and also began to develop a specialization in mortgage investing. The firm was instrumental in helping found a commercial mortgage intermediary to act as a direct lender for PH&N Institutional fixed-income accounts, helping us control the quality of the mortgages sourced for our clients.