At Barometer, we have a proven track record of generating strong returns in constructive market environments, as well as the willingness to take defensive measures when market conditions become more challenged.
Designed to be relevant, our investment process, the Disciplined Leadership Approach™, ensures that we have an investment thesis that reflects the prevailing market backdrop, not forecasts or conjectures.
Who We Are
Barometer Management (Ireland) Limited was formed in May 2015, and was approved as the manager of the Barometer UCITS Fund ICAV (the “Manager”) on October 22, 2015, under the approval of the Central Bank of Ireland. The Manager’s principal business is the provision of fund management services to collective investment schemes. The Manager has delegated the performance of its discretionary investment management and distribution functions in respect of the ICAV and each fund to Barometer Capital Management Inc. (“Barometer”), and administrative functions to Maples Fund Services (Ireland) Limited (the “Administrator”). And, the Manager has appointed Société Générale S.A., Dublin Branch, to act as depositary in respect of the ICAV and each of its funds.
As investment manager, Barometer has been provided with discretionary powers pursuant to an investment management agreement, dated December 30, 2015. Under the terms of the investment management agreement Barometer is responsible, subject to the overall supervision and control of the Manager, for managing the assets and investments of the ICAV in accordance with the investment objective and policies of each fund under the ICAV. Barometer also acts as promoter and distributor of shares in each fund under the ICAV with authority to delegate some or all of its duties as distributor to sub-distributors in accordance with the Central Bank Rules.
Based in Toronto, Canada, Barometer was established in 2001 to focus on the exclusive needs of the high-net-worth private investor. Its founding partners, David Burrows, Gregory Guichon and Roy Scaini, had already established careers in helping families manage their wealth and came together in 2006 to create a unique platform in response to what they observed as an increasingly institutionalized approach to portfolio management. Today the firm provides discretionary wealth management services to over 400 high-net-worth families in Canada and the United States.
Barometer is a corporation organised under the laws of Canada and is regulated by its principal regulator, the Ontario Securities Commission, in the conduct of investment management activities. Barometer is also registered with the U.S. Securities and Exchange Commission as an investment adviser. As at December 31 2016, Barometer had approximately 2.1 billion Canadian dollars in assets under management.
For more information on the Investment Manager and their investment approach, please click here.
Corporate Overview
Who We Are
Our Directors
Our People
Our Directors
The directors of the Manager, all of whom are non-executives, are the same as those of the ICAV. The Directors control the affairs of the ICAV and are responsible for the formulation of investment objectives and policies of each fund under the ICAV. The Directors have delegated certain of their duties to the Manager, and have collectively assumed the role of the responsible person as required under regulations of the Central Bank of Ireland.
Tom Coghlan (Irish resident)
Mr. Coghlan was formerly a consultant for investment risk management and liquidity management for an Irish authorised AIFM. Mr. Coghlan has extensive experience in international investment banking with diverse financial services and capital markets experience. He is a Certified Investment Fund Director with the Institute of Bankers and has in-depth knowledge of the investment fund sector along with governance, oversight and control expertise, and is a Fellow of the Institute of Chartered Accountants in Ireland. He was Director at Citi Global Markets and Head of Pan European Equity Sales in Ireland from 2004 to 2013 with responsibility for a diverse client base, including ‘long only’ institutions, hedge funds, thematic funds and structured product providers. From 2000 to 2004, he was Senior Portfolio Manager in the wealth management division of NCB Stockbrokers. Mr. Coghlan holds a Bachelor of Arts from UCD in Pure Economics and became a registered stockbroker with the Irish Stock Exchange in 2000.
Philip McEnroe (Irish resident)
Mr. McEnroe is a Director and Head of Investment Funds at GlobalReach Securities Limited, authorised under the Markets in Financial Instruments Directive 2007 (“MiFID”), providing management, promotion and distribution services to investors and collective investment schemes including UCITS and non-UCITS funds. Previously with Ireland’s largest domestic fund manager, Mr. McEnroe has 20 years investment management and establishment experience of regulated vehicles. He is approved by the Central Bank to act as a director of regulated investment business firms since 1999, and Irish regulated collective investment schemes. Mr. McEnroe holds a Masters of Business Studies Degree (Finance) and a Bachelor of Commerce Degree from University College Dublin. He is a former lecturer to the Institute of Bankers in Ireland and is a Member of the Institute of Directors in Ireland.
Roy Scaini
Mr. Scaini is the Chief Executive Officer, Chief Operating Officer and Chief Risk Officer of the Investment Manager. Previously, from February 2004, Mr. Scaini was Chief Administration Officer of Rockwater Asset Management Inc., an independent broker dealer and wealth management firm. Prior to that, Mr. Scaini was SVP, Chief Financial Officer of CIBC Wealth Management responsible for the bank’s public fund business, broker dealer business and in-bank advisor business. Mr. Scaini has extensive experience throughout Europe from an operational and mergers and acquisitions perspective. He holds a holds a Bachelor of Commerce from the University of Toronto and qualified as a Chartered Professional Accountant in 1987 with the Canadian Institute of Chartered Accountants.
Our People
Because our investment culture has its roots in managing to absolute return benchmarks, we have an investment team that has demonstrated the willingness to actively manage risk at the portfolio level and understand the importance of preserving long-term earning capacity of our clients’ wealth. Our investment process provides both objectivity and transparency; helping ensure constant engagement with our clients and partners. Our team is always available to help give you a complete understanding of what is driving our investment decisions.
Investor Relations
Portfolio Management Team
Portfolio Management Team and Research
Compliance and Risk Management
