Hexavest

What Hexavest does

Hexavest operates as an institutional asset management business integrated within Desjardins Gestion internationale d'actifs (DGIA), the international asset management arm of Desjardins Group, a major Canadian financial cooperative headquartered in Montreal, Quebec. The firm manages institutional investment portfolios for Canadian pension funds, insurance companies, foundations, endowments, Indigenous communities, universities, religious organizations, and non-profits, with $129 billion CAD in assets under management as of March 31, 2026. Its offering spans four core product vehicles: common funds (fonds communs), exchange-traded funds (fonds négociés en bourse), segregated portfolios (portefeuilles ségrégués), and multi-asset solutions (solutions multiactif). Investment capabilities cover fixed income, Canadian and foreign equities, real assets, infrastructure, and private placements, delivered through strategies including strategic and tactical asset allocation, liability-driven investing, quantitative management, index management, and responsible/ESG-integrated approaches. The firm is staffed by approximately 100 investment specialists.

The business model is a subscription/recurring institutional asset management fee model, with management fees negotiated against assets under management across the four product vehicles. Go-to-market is sales-led and consultative, with dedicated client relations teams engaging directly with enterprise institutional buyers, supported by thought-leadership research publications, industry events, and the Desjardins Group institutional referral network. Pricing is not publicly disclosed, consistent with negotiated institutional mandate structures. Customer relationships are oriented around long-term outcome delivery — meeting pension obligations, sustaining endowment purchasing power, and aligning investment portfolios with values-based mandates — with ESG integration positioned as a cross-cutting capability rather than a standalone product.

Ownership is wholly held by the Fédération des caisses Desjardins du Québec, a cooperative. The firm has no disclosed subsidiaries, no external equity holders, no public ticker, and no M&A activity recorded in the input data. Operating geographies are limited to Canada, despite the "international" descriptor in the legal entity name. No AI/ML capabilities, patents, APIs, or third-party integrations are documented, and the technology stack is described at the level of an investment management platform supporting multiple asset classes and strategies rather than as a proprietary technology product.

Name

Hexavest

Legal name

Desjardins Gestion internationale d'actifs inc.

Website

https://hexavest.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Hexavest is a Montreal-based institutional asset manager operating within Desjardins Group, managing $129 billion CAD across Canadian pension funds, insurance companies, foundations, endowments, and Indigenous communities via funds, ETFs, segregated portfolios, and multi-asset solutions.

Ownership category

akta.pro rank

Product category

Institutional Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ)

akta.pro secondary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Global equity management
• Institutional asset management
• Investment portfolio management
• Multi-asset solutions
• Responsible investment services

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, Infrastructure

Revenue model

1. Institutional Asset Management Fees: Management fees charged to institutional clients (insurance companies, pension funds, endowments, non-profits) for managing investment portfolios across multiple asset classes

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Hexavest is a boutique firm specializing in global equity management, operating as part of Desjardins Gestion internationale d'actifs (DGIA), one of Canada's leading institutional portfolio managers. The firm offers a multi-product platform comprising common funds, exchange-traded funds (ETFs/FNB), segregated portfolios, and multi-asset solutions spanning fixed income, Canadian equities, foreign equities, real estate, infrastructure, and private placements. Services include strategic and tactical asset allocation, liability-driven investments, quantitative management, index management, and responsible investment (ESG) approaches for institutional clients.

Product overview

Desjardins Gestion internationale d'actifs (DGIA) is an institutional asset management firm offering a multi-product platform comprising common funds, exchange-traded funds (FNB/ETFs), segregated portfolios, and multi-asset solutions. The core products span across asset classes including fixed income, Canadian equities, foreign equities, real estate, infrastructure, and private placements. Investment solutions include strategic asset allocation, liability-driven investments, quantitative management and research, index management, tactical asset allocation, and responsible investment approaches.

Differentiator

Problem solved

Functional benefit

Products and services

• Fonds communs (Common Funds)
• Fonds négociés en bourse (Exchange-Traded Funds / FNB)
• Portefeuilles ségrégués (Segregated Portfolios)
• Solutions multiactif (Multi-Asset Solutions)

Quantifiable outcome

• $129 billion CAD in assets under management

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Jarislowsky Fraser: Canadian boutique institutional asset manager (now part of Scotiabank) historically specializing in active equity mandates for Canadian pensions, foundations, and endowments. Closely comparable to Hexavest as a Canadian boutique equity manager serving the same institutional client segments.
• Beutel, Goodman & Company: Toronto-based Canadian boutique investment manager specializing in active equity (Canadian and global) and fixed income mandates for institutional clients. Directly comparable as a Canadian boutique equity manager serving pension and endowment clients.
• Letko Brosseau Asset Management: Montreal-based Canadian boutique institutional asset manager with focus on active equity and fixed income mandates for pensions, endowments, and foundations. Directly comparable to Hexavest in geography, boutique scale, and institutional client focus.
• Mawer Investment Management: Calgary-based Canadian boutique investment manager specializing in active global and Canadian equity strategies for institutional and private wealth clients. Directly comparable as a boutique Canadian equity manager serving institutional mandates, though privately held and independent.

Broad incumbents

• CIBC Asset Management: Institutional asset management arm of Canadian Imperial Bank of Commerce. Comparable as a Canadian institutional asset manager serving pensions, endowments, and insurance companies with multi-asset strategies and segregated mandates, competing directly for the same institutional wallet.
• BMO Global Asset Management: Global asset management business of Bank of Montreal. Directly comparable as a Canadian institutional asset manager offering active equity, fixed income, multi-asset, and ESG strategies to pensions, foundations, and insurance clients across Canada and internationally.
• Manulife Investment Management: Global asset management arm of Manulife Financial, headquartered in Toronto. Comparable as a major Canadian institutional asset manager with strong global equity capabilities, serving pensions, insurance, and endowment clients with a multi-asset platform and ESG integration.
• Fidelity Canada (Fidelity Investments Canada): Canadian arm of Fidelity Investments offering institutional asset management, ETFs, and segregated mandates to Canadian pensions, foundations, and insurers. Comparable as a competing institutional asset manager with global equity capabilities and ESG offerings.
• TD Asset Management: Institutional asset management arm of TD Bank Group. Comparable in serving Canadian institutional clients (pensions, endowments, foundations) with pooled funds, ETFs, and segregated mandates, with a similarly broad multi-asset platform.
• RBC Global Asset Management (RBC GAM): One of Canada's largest institutional asset managers, part of Royal Bank of Canada. Directly comparable as a Canadian-headquartered institutional asset manager offering multi-asset solutions, segregated portfolios, and pooled funds to pensions, foundations, and insurers, but at materially greater AUM scale and broader product breadth.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks4 records

Key highlights7 records

Customer concentration

• Xx.com/nlsengineering
• YouTubeyoutube.com/mouvementdesjardins
• Facebookfacebook.com/desjardins
• LinkedInlinkedin.com/company/hexavest
• Instagraminstagram.com/desjardinscoop

Revenue estimate

Valuation estimate

Number of profiles

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 Hexavest