Lionguard Capital Management

What Lionguard Capital Management does

LionGuard Capital Management Inc. is a Montreal-based independent investment management firm founded in 2014 by Andrey Omelchak. Registered as a portfolio manager, derivatives portfolio manager, exempt market dealer, and investment fund manager under Canadian securities laws, the firm serves accredited investors — including institutional allocators, family offices, and IIROC-registered investment advisors — through three core strategies: the Performance Fund (long-only North American equities), the Opportunities Fund (long/short small- and mid-cap North American equities), and the Engaged Ownership strategy (constructive engagement with portfolio company boards). The firm employs bottom-up fundamental research, supported by Bloomberg and FactSet, with the CIO and Partners holding CFA and FRM designations. There is no proprietary trading technology disclosed.

LionGuard earns revenue through recurring management fees (1.0% on Class F units, 2.0% on Class A units) and performance fees structured as 20-30% of returns above high-water marks, with hurdle rates ranging from 3.0-5.0% or the Russell 2000 Total Return Index depending on the share class. Distribution is delivered via direct institutional sales, the Fundserv network for Canadian investors, and a Business Development function targeting the IIROC advisor channel. The firm co-invests its own capital alongside clients and operates under a small team (1-10 employees) at its 1800 McGill College Avenue headquarters.

The firm has earned industry recognition including QEMP Top 10 (2023), BarclayHedge Top 10 awards in 2019, 2020, and 2022, and the AI 2016 International Fund Awards Best Canadian Fund. Its Performance Fund has posted a 15.2% annualized net return with 420.98% cumulative return since inception. The firm is a signatory to the Principles for Responsible Investment, and a Partner (Alexandre Ryzhikov) serves on the board of McCoy Global Inc., reflecting the engaged ownership philosophy embedded in its strategy.

Name

Lionguard Capital Management

Legal name

LionGuard Capital Management Inc.

Website

https://lionguardcapital.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

LionGuard Capital Management is a Montreal-based independent investment firm managing three North American equity strategies (Performance, Opportunities long/short, and Engaged Ownership) for accredited investors, family offices, institutions, and IIROC advisors, earning 1-2% management fees plus 20-30% performance fees above high-water marks.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Large-Cap Equity (Active) (FSAAAIAA)

Keywords

• Long-only equity fund
• Long-short equity strategy
• Fundamental research investing
• Institutional asset management
• Accredited investor funds

Headquarters

HQ city

Montreal

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Management Fees: LionGuard charges management fees for overseeing client assets. Class F units carry a 1.0% management fee while Class A units carry a 2.0% management fee.
2. Performance Fees (Profit Distribution): The firm earns performance fees equal to 20% above the High-Water Mark for the Performance Fund and Opportunities Fund. For the Performance Fund, the hurdle rate is 5.0% per annum for Class F & A units, while Class C & B units use Russell 2000 Total Return Index in CAD as the benchmark.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

LionGuard Capital Management is an independent Montreal-based investment management firm that offers three fund strategies focused on North American publicly listed equities. It manages a long-only Performance Fund, a long/short Opportunities Fund targeting absolute returns with low market correlation, and an Engaged Ownership strategy focused on constructive engagement with portfolio company management. All funds rely on bottom-up fundamental research and are offered exclusively to accredited investors and institutional clients.

Product overview

LionGuard Capital Management is a Montreal-based investment management firm offering three distinct fund products. The Performance Fund is a long-only equity vehicle focused on long-term compounding of capital through high-quality North American equities identified via bottom-up fundamental research. The Opportunities Fund is a long/short equity strategy targeting absolute returns with low market correlation through disciplined positioning in North American small and mid-cap equities. The Engaged Ownership Strategy approaches equity investing as a responsibility, engaging constructively with company leadership to drive long-term shareholder value. All three funds are grounded in the same philosophy of rigorous fundamental research, independent judgment, capital preservation, and alignment of interests with clients.

Differentiator

Problem solved

Functional benefit

Brands

• LionGuard Performance Fund: A fund focused on long-term capital growth through investments in high-quality North American equities.
• LionGuard Opportunities Fund
• LionGuard Engaged Ownership

Products and services

• LionGuard Performance Fund A long-only equity fund pursuing long-term capital growth through investments in high-quality North American equities, identified through rigorous bottom-up fundamental research. Targets exceptional management teams capable of reinvesting capital at high rates of return. Available to accredited investors in Class F (1.0% management fee), Class A (2.0% management fee), Class C (1.0% management fee, Russell 2000 index-linked) and Class B (2.0% management fee, Russell 2000 index-linked) units with high-water mark performance fees.
• LionGuard Opportunities Fund A long/short equity strategy designed to deliver absolute returns with low correlation to broad market movements, investing in North American small and mid-cap equities. Uses bottom-up fundamental research to identify high-quality businesses at exceptional valuations on the long side, and selectively shorts businesses with deteriorating fundamentals or excessive valuations. Available in Class F (1.0% mgmt fee) and Class A (2.0% mgmt fee) units with 20% performance fee above high-water mark and a 3.0% per annum hurdle rate.
• LionGuard Engaged Ownership Strategy A strategy focused on engaging with company management teams on matters intended to promote long-term value creation and strengthen alignment with shareholder interests. Views equity ownership as a responsibility, collaborating with boards to build and preserve shareholder value. Managed by Partner and Portfolio Manager Alexandre Ryzhikov, who serves on boards of portfolio companies including McCoy Global Inc. (TSX: MCB).

Quantifiable outcome

• Performance Fund: 15.2% annualized net return, 420.98% cumulative return, 82% upside capture ratio, 53% downside capture ratio
• +2 more outcomes

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Borden Ladner Gervais (BLG)coreOthersOne of Canada's most respected legal firms with a well-developed practice for the investment management industry. BLG has extensive experience dealing with self-regulatory organizations and provincial government regulators.
• PricewaterhouseCoopers (PwC)coreOthersOne of Canada's oldest and most reputable accounting firms serving as the official auditor of LionGuard Capital Management Inc.
• SGGG Fund Services Inc.coreOthersOne of Canada's leading Fund Administrators with total Assets Under Administration in excess of C$30.1 billion. SGGG works with more than 250 fund managers serving more than 435,000 investor accounts.
• BloombergcoreTechnology or IntegrationOne of the world's leading providers of financial software for investment professionals. Bloomberg provides financial research and analysis capabilities for LionGuard's investment process.
• FactSetcoreTechnology or IntegrationProvides flexible, open data and software solutions for investment professionals, offering instant access to financial data and analytics used for investment decisions.
• FundservcoreChannel Partner/ Reseller/ DistributorA link to the investment industry providing network and workflow applications. Fundserv leads industry committees and working groups promoting automation initiatives and establishing the industry's electronic standards.
• Principles for Responsible Investment (PRI)minorStrategic or Co-development PartnerLionGuard is a signatory of the Principles for Responsible Investment, demonstrating commitment to incorporating ESG factors into investment decision-making and active ownership practices.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Picton Mahoney Asset Management: Toronto-based Canadian asset manager offering long/short equity and alternative strategies marketed via Fundserv. Direct comparable to LionGuard's Opportunities Fund on mandate type, distribution channel (Fundserv), and Canadian institutional/HNW targeting.
• Montrusco Bolton Investments: Canadian independent asset manager focused on fundamental equity investing. LionGuard founder Andrey Omelchak was previously Portfolio Manager at Montrusco Bolton managing over $1.3 billion, making it the most direct analog for strategy, mandate type, and client base.
• Forge First Asset Management: Toronto-based independent asset manager running long/short equity strategies for Canadian institutional and high-net-worth investors. Comparable on long/short mandate structure, Canadian boutique positioning, and IIROC channel distribution.
• Galibier Capital Management: Canadian long/short equity manager applying fundamental research to North American small and mid-cap names. Direct strategic comparable to LionGuard's Opportunities Fund on long/short small/mid-cap mandate and fundamental-research investment process.
• PenderFund Capital Management: Canadian boutique asset manager specializing in small-cap and value equity strategies distributed through Fundserv and IIROC advisors. Comparable to LionGuard on Canadian small/mid-cap mandate focus, IIROC distribution, and Fundserv-listed fund structures.
• K2 Capital Management: Independent Montreal-based Canadian boutique running long/short equity mandates with a fundamental research process. Comparable to LionGuard on city/regional footprint, long/short mandate, and small-to-mid Canadian boutique profile.
• Burgundy Asset Management: Toronto-based discretionary equity manager focused on concentrated North American fundamental long-only investing for institutional and high-net-worth clients. LionGuard partner Alexandre Ryzhikov previously worked at Burgundy, and the firms share a long-only North American value-style philosophy.
• Hillsdale Investment Management: Canadian independent investment manager offering fundamental equity strategies (long-only and long/short) to institutional and high-net-worth clients. Comparable on boutique Canadian fundamental-equity mandate mix and institutional/HNW client targeting.

Broad incumbents

• Fiera Capital Corporation: Large Canadian multi-affiliate asset manager offering equity, fixed income, and alternative strategies to institutional and private wealth clients. LionGuard board member Sylvain Brosseau built Fiera from $5B to $120B AUM; comparable client base though at much larger scale.

Emerging players

• Claret Asset Management: Canadian boutique long/short equity manager applying fundamental research to North American equities. Comparable emerging-manager profile and long/short equity mandate, though smaller scale and earlier in growth trajectory than LionGuard.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lionguard-capital-management-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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 Lionguard Capital Management