Evovest

Name

Evovest

Legal name

Evovest Inc.

Website

https://evovest.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Quantitative Equity Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro industry

PRIMARYFSAAAIAE

International/Ex-U.S. Developed Equity (Active)

Financial & Insurance/Asset & Wealth Management/Asset Management — Equity (Active)

Keywords

• Systematic equity management
• Machine learning investing
• Quantitative asset management
• Global equity strategies
• Algorithmic portfolio management

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Asset Management Fees: Evovest generates revenue through management fees charged on assets under management across its three strategies: Global Equal-Weighted Equity, Global Market-Cap-Weighted Equity, and Global Market Neutral.
2. ETF Management Fees: Revenue from the Evovest Global Equity ETF listed on TSX, managed in partnership with National Bank Investments.
3. Institutional Mandate Fees: Fees from institutional mandates including QEMP (Quebec Emerging Manager Program) mandates for developing investment strategies.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Evovest is a Montreal-based equity portfolio manager that runs a systematic investment process combining fundamental analysis with proprietary machine learning models. It delivers three core strategies — Global Equal-Weighted Equity, Global Market-Cap-Weighted Equity, and Global Market Neutral — and distributes them through separately managed accounts, a mutual fund (Evovest Global Equity Fund), and an ETF (Evovest Global Equity ETF) listed on the TSX.

Product overview

Evovest offers a suite of systematic equity investment products built on a proprietary machine learning platform. The core offering consists of three investment strategies: the flagship Global Equal-Weighted Equity Strategy (balanced sector/geography exposure), the Global Market-Cap-Weighted Equity Strategy (large-cap focused active management), and the Global Market Neutral Strategy (long/short market-neutral approach). These are delivered through separately managed accounts, a mutual fund (Evovest Global Equity Fund in partnership with Majestic Asset Management), and an ETF (Evovest Global Equity ETF listed on TSX in partnership with National Bank Investments). All strategies are powered by the company's systematic investment process combining fundamental analysis with proprietary machine learning models.

Differentiator

Problem solved

Functional benefit

Products and services

• Global Equal-Weighted Equity Strategy Flagship systematic equity strategy providing balanced exposure across sectors, geographies, and company sizes with positions in more than 100 constituents across USA, Canada, Europe, Japan, Hong Kong, Singapore, and Australia. Designed for institutional investors seeking differentiated alpha versus passive equal-weighted benchmarks.
• Global Market-Cap-Weighted Equity Strategy Active global equity strategy targeting the world's largest market capitalizations with positions in more than 100 constituents across USA, Canada, Europe, Japan, Hong Kong, Singapore, and Australia. Aims to maximize returns relative to a market-cap weighted index through data-driven active management.
• Global Market Neutral Strategy Global equity long/short strategy with low net market exposure designed to generate positive returns uncorrelated with stock markets. Rebalanced weekly with positions across USA, Canada, UK, Europe, Japan, and Hong Kong.
• Evovest Global Equity ETF Exchange-traded fund listed on the TSX, managed in partnership with National Bank Investments Inc. as fund manager with Evovest as investment advisor. Provides equity exposure using Evovest's machine learning-driven systematic investment process. Listed under National Instrument 81-102 prospectus requirement.
• Evovest Global Equity Fund Mutual fund launched in 2019 in partnership with Majestic Asset Management for investors seeking global equity exposure with machine learning-enhanced portfolio management.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature8 records

Partnerships

Five partnerships are on record, tiered core, major and minor.

• National Bank InvestmentscoreChannel Partner/ Reseller/ Distributor · 1 March 2024In March 2024, Evovest launched its first ETF (Evovest Global Equity ETF) in collaboration with National Bank Investments. National Bank Investments acts as the fund manager responsible for day-to-day operations, while Evovest is responsible for managing the investment portfolio. Units are listed on the TSX.
• Quebec Emerging Manager Program (QEMP)coreStrategic or Co-development Partner · 1 January 2020Evovest received its first institutional mandate through QEMP in 2020, and a second mandate in April 2023 to develop the Global Market Neutral strategy. QEMP supports emerging managers in Quebec.
• Majestic Asset ManagementmajorChannel Partner/ Reseller/ Distributor · 1 January 2019Launched Evovest Global Equity Fund in partnership with Majestic Asset Management in 2019 as part of fund distribution strategy.
• Carbone BoréalminorStrategic or Co-development PartnerPartnership with Carbone Boréal to calculate and offset greenhouse gas emissions through reforestation projects that restore biodiversity. Evovest compensates approximately 10 tonnes of CO2 equivalent annually through this partnership.
• HEC Montréal / FPHECminorStrategic or Co-development PartnerPartnership with HEC Montréal providing scholarships and participating in the FPHEC (student investment fund). CEO Carl Dussault serves on the board of directors, collaborating with students to guide and enhance their investment process.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Man Numeric: Systematic equity manager within Man Group applying quantitative models to global active equity. Comparable as an established quantitative equity manager with similar strategy architecture and institutional client base.
• Boosted.ai: Toronto-based AI investment platform applying machine learning to portfolio management. Highly comparable as a Canadian ML-driven investment firm; notably, Evovest hired former Boosted.ai specialist Grace Leung Shing, indicating direct talent flow and overlapping approaches.
• EquBot: AI-powered asset manager behind the AIEQ ETF, applying IBM Watson to systematic equity investing. Directly comparable as an ML-driven systematic equity ETF manager targeting similar institutional and retail channels.
• Rebellion Research: AI-driven investment management firm applying machine learning to global equity strategies. Directly comparable as an emerging systematic equity manager using proprietary ML models for alpha generation.
• Acadian Asset Management: Boston-based systematic global equity manager applying quantitative models to active equity investing. Directly comparable business model: systematic global equity strategies across developed markets targeting institutional clients.
• QMA (Quantitative Management Associates): Quantitative equity manager applying factor-based and ML-enhanced models to global active equity. Comparable as a quantitative asset manager using systematic investment processes for institutional investors.
• Galibier Capital: Canadian-based systematic equity manager applying quantitative techniques to global active equity strategies. Comparable as an emerging quantitative equity manager with similar strategy profile and institutional focus.

Broad incumbents

• Two Sigma: Major quantitative investment firm applying ML and technology to systematic investing across equities and other asset classes. Comparable technology approach (proprietary ML models) but materially larger scale and broader strategy set than Evovest.
• ARKK / ARK Invest: Thematic ETF issuer using data-driven and technology-enabled approaches to investment management. Comparable ETF distribution model and tech-forward investment process, though focused on thematic strategies rather than systematic global equity.

Regional players

• Picton Mahoney Asset Management: Canadian active equity manager offering long-short and market-neutral equity strategies. Comparable as a Toronto-based active equity manager with similar strategy mix including market-neutral approaches, though not ML-driven.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/evovest

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Evovest