Steadyhand manager seeks small-caps that can go the distance

"Chicken plays" are among Galibier founder Joe Sirdevan's picks.

Jade Hemeon 31 May, 2018 | 5:00PM
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Since Joe Sirdevan, founder and CEO of Toronto-based Galibier Capital Management Ltd., took over Steadyhand Small-Cap Equity in August 2016, a chart of the fund's performance bears a strong resemblance to the mountainous region in France after which Galibier is named.

After a couple of months of rearranging the portfolio to his liking, with some ups and downs along an ascending path, Steadyhand Small-Cap achieved a cumulative return of 26.8% between Sept. 30, 2016, and April 30, 2018 -- a far superior performance to the S&P/TSX SmallCap Index's skimpy gain of 2.7%.

An avid cyclist, Sirdevan applies the same energy and determination required to ascend the arduous Col du Galibier in the French Alps, one of the longest uphill climbs in the Tour de France, to managing the fund. "We look for companies that possess an enduring, sustainable competitive advantage, and that dominate a small or niche industry," he says.

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Jade Hemeon

Jade Hemeon  

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