JC Clark Ltd.

What JC Clark Ltd. does

JC Clark Ltd. is a Toronto-based independent asset management firm founded in 2001 by John Clark and Colin Stewart that applies a value investing approach with a margin-of-safety discipline. The firm manages a focused product set of private pooled funds — including the JC Clark Preservation Trust, JC Clark Opportunity Trust, JC Clark Yield Trust, and JC Clark US Equity Fund — alongside the JC Clark High Income Opportunities Fund, an alternative mutual fund launched in January 2025. Reported long-term track records include 9.22% annualized returns over 26 years on the Preservation Trust and 11.41% over 26 years on the Opportunity Trust.

The firm targets high-net-worth individuals, institutional investors, and foundations through a bespoke relationship model with high minimum investments ($150K standard, $25K for accredited investors). Revenue is generated through a tiered management fee schedule — 1.75% on Class A units and 0.75% on Class F units — combined with a 20% performance fee subject to a 5% hurdle rate and a perpetual high-water mark. Notably, 20% of assets under management is partner capital, aligning the firm's economics with those of its clients.

The firm operates with a 14-person team led by co-founders, CIO Veeral Khatri (appointed 2023), and Portfolio Manager Neil Stratton. Distribution is primarily direct for private pooled funds and through Canadian investment dealers for the alternative mutual fund. The platform is mainly Canadian with selected US exposure, although certain funds restrict US persons, indicating that geographic expansion has been selective rather than a full US push.

Name

JC Clark Ltd.

Legal name

JC Clark Ltd.

Website

https://jcclark.com

Company type

Private

Founded year

2001

Operating status

Operating

Short description

JC Clark Ltd. is a Toronto-based independent asset management firm founded in 2001 that applies value investing principles to manage private pooled funds and an alternative mutual fund for high-net-worth individuals, institutions, and foundations.

Ownership category

akta.pro rank

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Management Fees: Asset-based management fees charged on assets under management. For the High Income Opportunities Fund: Class A at 1.75% annually, Class F at 0.75% annually. These fees are charged regardless of fund performance.
2. Performance Fees: Performance-based fees charged when fund returns exceed the hurdle rate. For the High Income Opportunities Fund: 20% performance fee with a 5% hurdle rate and perpetual high water mark (no reset).
3. Partner Capital Investment: The firm states that 20% of assets under management are partner capital, invested directly alongside clients. This aligns firm interests with client interests and provides a stable capital base.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

JC Clark Ltd. is a Toronto-based independent asset management firm that uses a fundamental bottom-up value investing approach with a margin of safety to manage pooled funds and alternative mutual funds on behalf of high net worth individuals, institutions, and foundations. The firm offers long/short equity, fixed income, event-driven, and high-income strategies across Canadian and U.S. securities, with 20% of assets under management invested as partner capital alongside clients.

Product overview

JC Clark Ltd. is a Toronto-based independent asset management firm offering a suite of investment products. The portfolio comprises three private pooled funds (JC Clark Preservation Trust, JC Clark Opportunity Trust, and JC Clark Yield Trust) focused on long/short equity and fixed income strategies, plus the JC Clark High Income Opportunities Fund (an alternative mutual fund launched in January 2025). The firm employs a value investing approach targeting high net worth individuals, institutions, and foundations.

Differentiator

Problem solved

Functional benefit

Brands

• JC Clark Preservation Trust: North American Long/Short Equity strategy with moderate market exposure and a focus on preservation of capital.
• JC Clark Opportunity Trust
• JC Clark Yield Trust
• JC Clark High Income Opportunities Fund

Products and services

• JC Clark Preservation Trust North American long/short equity private pooled fund with moderate market exposure and a preservation-of-capital focus, designed for high net worth individuals, institutions, and foundations seeking downside-conscious equity returns.
• JC Clark Opportunity Trust Event-driven North American long/short equity private pooled fund focused on special situation opportunities, built on the legacy Adaly Opportunity Fund, targeting higher-return equity exposure for high net worth and institutional clients.
• JC Clark Yield Trust Yield-driven private pooled fund investing in Canadian and U.S. corporate bonds, preferred shares, and high dividend yield equities, designed for clients seeking income with a value approach.
• JC Clark High Income Opportunities Fund Alternative mutual fund seeking a combination of income and long-term capital appreciation by investing in distribution-paying Canadian and U.S. equity securities and equity/fixed income securities with attractive dividend and income yields; Class A management fee 1.75%, Class F 0.75%, 20% performance fee above a 5% hurdle, perpetual high water mark, minimum subscription $150,000 (or $25,000 for accredited investors).
• JC Clark US Equity Fund U.S. equity investment strategy managed by Chief Investment Officer Veeral Khatri, providing dedicated U.S. equity exposure for clients.

Quantifiable outcome

• 9.22% annualized return over 26 years for JC Clark Preservation Trust
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Trusted Wealth Management PartnersminorOthersJC Clark works with a group of trusted partners to assist clients with wealth management services including financial planning, estate planning, tax advice, legal advice, and inter-generational wealth transfers. Specific partner names are not disclosed on the website.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• 1832 Asset Management (Scotia): Canadian institutional asset management affiliate of Scotiabank offering diversified fundamental active and alternative strategies. Comparable to JC Clark as a Canadian active equity/alternative provider, but at much larger scale and with bank-affiliated distribution.
• Guardian Capital Group: Toronto-based diversified asset manager offering active equity, fixed income, and alternative strategies through mutual funds and institutional mandates. Comparable to JC Clark as a Canadian active manager with institutional reach, though at larger scale and broader strategy set.
• Fiera Capital: Large Canadian independent asset manager offering diversified traditional and alternative strategies to institutional and private wealth clients. Comparable to JC Clark in offering Canadian/NA active equity and alternative funds but at materially larger scale and broader strategy breadth.

Direct peers

• Hillsdale Investment Management: Toronto-based independent active equity boutique offering fundamental long/short and long-only strategies to institutional clients. Comparable to JC Clark as a Canadian long/short equity boutique with institutional focus and fundamental value-style approach.
• Letko, Brosseau & Associates: Montreal-based independent value-oriented investment manager serving institutional and private clients globally with fundamental global/international value mandates. Comparable to JC Clark's value-with-margin-of-safety philosophy and independent boutique structure.
• Mawer Investment Management: Calgary-based Canadian boutique asset manager employing a disciplined fundamental value investing approach across global and Canadian equities for institutional and retail clients. Highly comparable to JC Clark in size, philosophy (value with margin of safety), and Canadian boutique positioning.
• Galibier Capital Management: Toronto-based long/short equity boutique with a value orientation, serving North American institutional clients. Directly comparable given its Canadian domicile, value-driven long/short equity strategy, and boutique institutional focus.
• Burgundy Asset Management: Toronto-based discretionary boutique asset manager serving institutional, foundation, and private client segments with fundamental active strategies. Directly comparable to JC Clark in boutique positioning, client mix, and active long-only/equity-emphasis approach.
• Jarislowsky Fraser (AGF Investments): Montreal-based institutional asset manager (now part of AGF) specializing in fundamental equity and balanced mandates for institutional and private clients. Comparable to JC Clark as a Canadian fundamental active equity manager, though at larger scale and broader institutional reach.
• Beutel, Goodman & Company: Toronto-based independent value equity manager founded in 1968, focused on long-term capital appreciation through fundamental bottom-up investing. Closely comparable to JC Clark as a Canadian boutique with value discipline, long tenure, and HNW/institutional client base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 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 JC Clark Ltd.