We have a long-standing history of investment management and client relationship excellence. For over 35 years, we have collaborated to provide our clients with guidance through diverse market cycles and evolving global events.
While working together at Confederation Life, John Watson, Peter Clark, and Ian Fyfe launch the Confederation Life International Common Stock Fund – one for Canadian Investors and a separate fund for U.S. Investors.
Through 1986 to 1991, real estate and stock market prices in Japan inflated drastically creating an economic bubble. In 1992, the bubble burst, causing Japan’s economy to stagnate.
After working together for 15 years at Confederation Life, John, Peter, and Ian established Sprucegrove Investment Management Ltd. The new firm obtains all international company files, working lists, investment systems, and investment personnel, and begins managing Confederation Life’s Pooled International Stock Funds for Canadian and U.S. clients, and International/Global separate accounts for Canadian clients.
Sprucegrove reaches $1B in assets under management.
Sprucegrove launches the Global Special Pooled Fund for Canadian clients.
Sprucegrove creates the U.S. International Investment Fund (Delaware Statutory Trust) for non-ERISA (e.g. foundations, endowments, and other taxable institutions) investors.
Sprucegrove reaches $5B in assets under management.
In the late 1990’s, massive growth in the use and adoption of the internet and related companies fueled a stock market bubble. The bubble burst, with many gains lost by March 2002.
Sprucegrove reaches $10B in assets under management.
Sprucegrove reaches $20B in assets under management.
The Global Financial Crisis of 2007-2008 had lasting effects, sparking the Great Recession, and creating debt crises around the world.
Sprucegrove becomes a signatory of the United Nations Principles for Responsible Investment.
Sprucegrove launches the All-Country World Pooled Fund (Pension) for Canadian clients.
Sprucegrove launches the All-Country World ex U.S. Fund for U.S. clients, along with its first Collective Investment Trust (CIT) vehicles for its International and All Country World ex. U.S. equity mandates.
Sprucegrove launches the All-Country World ex U.S. Pooled Fund and the All-Country World ex U.S. Pooled Pension Fund for Canadian clients. The Central Bank of Ireland approves Sprucegrove UCITS for both International and Global mandates.
Sprucegrove launches the Global CIT, the All-Country World CIT and the All-Country World Fund (Delaware) for U.S. clients. This same year, the Coronavirus Pandemic shocked the world, causing mass shutdowns, and severely impacting the global economy.
Sprucegrove reaches $30B in assets under management.