Global Quality Overlooked Value
Weal (noun) from the Old English Wela—
Prosperity, wealth, health and happiness.
Established in the summer of 2008, Wealhouse Capital Management is an independent, privately owned alternative asset manager with over $1.4 billion in assets under management that provides award winning investment strategies to ultra high net worth individuals, family offices and advisors. Wealhouse has been entrusted for over a decade with capital by Canada’s wealthiest families and entrepreneurs with the goal of growing and protecting their hard-earned capital.
Our investment philosophy is based on a fundamental, bottom-up approach. We believe superior investment performance can only be achieved through proprietary research. We comb the globe for businesses with great long-term growth potential in earnings and free cash flow. We look for companies with proven business models, strong balance sheets, above-market profitability and best-in-class management teams.
Preserve and create long term wealth
We value your trust. Every member of our team is invested in all four funds alongside our investors. We spend most of our time doing homework so we can accurately assess risks versus opportunities. Our unwavering dedication to our investment philosophy allows us to identify quality assets with attractive value and growth potential.
Always focused on executing our process
Acclaimed sports psychologist Dr. Bob Rotella once wrote, “Exceptional people immerse themselves in process goals. They care about how well they follow their chosen process everyday.” We strive to be exceptional. All of our investments are put through a checklist that is part of a clear, methodical process.
Practice smart portfolio construction
We believe prudent asset allocation is vital to achieving long-term returns. We continuously refine our portfolios’ construction to protect our investments from the perils of the downside, while participating on the market’s upside.
Predicting the future is very difficult
We are avid sports fans. Thus, we always remember the famous saying “defence wins championships”. We plan for uncertainty and volatility. Our tools are set up for optimized investment diversification, no matter what the market throws at us.
Sr Portfolio Manager
Slow and steady wins the race. Senior Portfolio Manager, Andrew James Labbad, explains how investors are too focused on short term results. Amplus instead prioritizes adjusting the portfolio to better handle new market developments while still participating in the upside.
Sr Portfolio Manager
The value of an interest-rated hedge fixed income alternative continues to demonstrate its value to investors. Senior Portfolio Manager, Andrew James Labbad, breaks down how Amplus continues to beat credit benchmarks with positive returns.
Sr Portfolio Manager
Lions Bay Fund has remained defensively positioned - which led to a profitable first half of the year due to hedging practices and active trading. In this most recent commentary, Senior Portfolio Manager, Justin Anis, details one of this quarter's successful trades.
Founder & CIO
Interest rates have increased significantly, causing the economy and earning to slow. CIO & Founder, Scott Morrison, discusses how he reevaluates the portfolio continually to reposition assets and prioritize liquid investments.
Sr Portfolio Manager
When the stars align - In our most recent credit notes, we highlighted an increasing number of Canadian companies redeeming their debt early. The incentive for energy producers to reduce debt could not be greater. Current WTI prices have allowed many energy producers to extinguish debt a lot quicker than anticipated. In May, both Cenovus Energy and Suncor Energy chose to take out debt 2-3 years ahead of schedule. Despite WTI dropping $20 from its local highs from about one month ago, the forward crude curve is trading higher the past 3 months. All this to say, the free-cash-flow being generated by many of these energy producers in this current oil environment should allow for continued aggressive pay down of debt.
Founder & CIO
CIO & Founder, Scott Morrison, discusses what to expect in the coming months as central banks raise rates and how this will effect investors.
Sr Portfolio Manager
Lions Bay Fund entered the year positioned extremely defensively and was able to profit from the volatile market. Senior Portfolio Manager, Justin Anis, discusses why active trading and hedging proved to be a profitable strategy this quarter.
Sr Portfolio Manager
March has proved to be one of the most active months due to current market dynamics. Senior Portfolio Manager, Andrew James Labbad, dives into why we are excited to be buying credit and how the fund continues to outperform credit benchmarks.
Sr Portfolio Manager
Senior Portfolio Manager Justin Anis explains how the Lions Bay risk management philosophy helped deliver the Fund’s best month ever for performance relative to the S&P 500 in September. Up +32.75% year-to-date, Lions Bay is positioned defensively into year end for several reasons outlined here.
