Mawer's stock-picking lab seeks winning edge

Research tool evokes Moneyball of baseball fame.

Michael Ryval 11 May, 2017 | 5:00PM

Time-tested methodologies have long been a staple at Mawer Investment Management Ltd., enabling the Calgary-based company to earn numerous awards. But changing times and advances in technology led Mawer to establish its research lab in early 2015 to enhance the stock-picking process in managing $40 billion in assets.

Take, for instance, the Mawer tool dubbed Moneyball, evoking the by-the-numbers approach of Billy Beane, general manager of baseball's Oakland As. Beane's use of statistical analysis to turn around the losing American League team was first popularized in Moneyball the book, by Michael Lewis, and subsequently the movie of the same name, starring Brad Pitt.

In analyzing its fund holdings, the Mawer team breaks the investment process into three steps, says Justin Anderson, an equity analyst on the four-person research-lab team who joined Mawer in 2014.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
PrairieSky Royalty Ltd10.59 CAD-3.46
Suncor Energy Inc22.53 CAD-1.79
Tencent Holdings Ltd ADR90.35 USD2.16

About Author

Michael Ryval

Michael Ryval  Michael Ryval, a regular contributor to Morningstar, is a Toronto-based freelance writer who specializes in business and investing.

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