Hemisphere Capital Management Inc.

Hemisphere Capital Management Inc.
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Philanthropic Investment Management

We help you advance your charitable mission with purpose-driven investment management.

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Without true alignment, your investments can reduce the lasting impact your mission was meant to create.

  • Generic Strategies can overlook your purpose, leaving your portfolio guided by convenience.
  • Limited Flexibility can prevent you from including investments that advance your mission, or excluding those that do not.
  • High Fees can quietly erode the capital available to fund lasting change.
  • and more....

Your philanthropy deserves more than a generic program. It deserves an investment partner to amplify your charitable impact.

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Align With the Change You Want to Create

Advance Your Mission With Confidence.

Maximize the Impact of Every Dollar.

Define Your Legacy for Future Generations.

Our Philanthropic Investment Management helps align your investments with your mission and funding needs while preserving transparency and flexibility. This way you can focus on doing more good and advancing your mission.

Charitable Entities

Our approach integrates seamlessly with governance requirements, ensuring donated funds are managed responsibly and in alignment with your mission. We help you support both current operations and long-term sustainability.

Private Foundations

We help balance your foundation’s spending needs with long-term growth, helping you to fulfill annual grant commitments. Our customized approach ensures your investments can reflect your purpose, your values, and the difference you are making.

Donor-Advised Funds

Through the Hemisphere Foundation, we help simplify and support the process of charitable giving. Clients can establish a Donor-Advised Fund with a tax efficient donation.

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Professional Management to Advance Your Mission

You work directly with the registered Canadian portfolio managers responsible for your charitable assets.

We make investment decisions on your behalf using our expertise and judgment, allowing you to focus on your purpose and operational priorities.

By investing in individual securities, we can include or exclude specific companies, sectors, or issuers to reflect your charitable mandate and investment policy.

Our approach supports your governance framework, providing transparent reporting and documentation to meet board oversight and fiduciary requirements.

We structure portfolios to balance long-term growth with reliable funding for grants, disbursements, and ongoing operations based on your requirements.

We are proud to offer reduced fees for charitable accounts as our way of helping ensure more of your capital goes toward creating a lasting impact.

Fees are reported clearly in dollar terms each year.

You receive detailed quarterly reports showing performance net of fees, calculated using the Time-Weighted Rate of Return (TWRR) method recommended by the Global Investment Reporting Standards.

All assets are held in segregated accounts with independent third-party custodians. Our current custodian is National Bank.

We view every relationship as a partnership built on trust, transparency, and shared purpose. We want to ensure your investments and your mission work together to create a lasting impact.

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Performance

We present performance through two distinct composites, each reflecting a different risk profile.

Core Balanced Composite >

Moderate to Higher Risk

The Core Balanced Composite consists of consolidated client portfolios with an equity mix between 40% and 80%. 

Income Balanced Composite >

Low to Moderate Risk

The Income Balanced Composite consists of consolidated client portfolios with an equity mix between 15% and 40%. 

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Start Your Path to Doing More Good For Longer.

1 / Schedule an introductory conversation.

We begin with a focused discussion about your goals, governance framework, funding requirements, and existing investment structure.

2 / Receive a Tailored Investment Proposal.

Following our review, we prepare a proposal outlining our recommended strategy, asset allocation, and alignment with your charitable objectives. 

3 / Implement the Strategy Together.

We facilitate a smooth transition to your new portfolio, ensuring proper documentation, reporting, and communication throughout the process. 

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Learn More About Hemisphere

Learn More About Philanthropic Investment Management

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Working With Charitable Accounts
Onboarding
Portfolio Construction
Governance Integration
Funding and Liquidity Planning
Portfolio Reporting
Performance Calculation
Ongoing Relationship

WORKING WITH CHARITABLE ACCOUNTS

At Hemisphere, we have a long history of working with non-profit organizations, charitable foundations, and mission-driven clients. We understand that managing charitable assets requires a thoughtful approach that balances capital preservation, income generation, and long-term growth with your funding needs and fiduciary obligations.

Our experience includes managing both general operating reserves and endowment-style portfolios. We are familiar with working within investment policy constraints, supporting spending policies, and aligning portfolio construction with organizational values — whether through socially responsible investing (SRI), environmental, social, and governance (ESG) considerations, or custom screening criteria.

We recognize that for non-profit organizations, investing is not just about numbers, it is a means of sustainably supporting the people and causes you serve. That is why our team is committed to clear communication, transparent reporting, and responsive service. We view our role not just as investment managers, but as long-term partners in helping you fulfill your mission.

ONBOARDING

Getting to Know You

We undertake initial consultations to ensure our understanding of your risk tolerance, return objectives, time horizon, funding needs, governance structure and other considerations. We also require detailed information so that we can also comply with our regulatory requirements and populate account opening forms, which includes the following:

  • Identifying Information: legal name of entity, registration date, business number;
  • Contact Information: address, phone numbers, email addresses;
  • Financial Information: annual income, net worth, expenses, assets, liabilities;
  • Information on Individuals with Authority: name, birth date, address, contact info, employment status and information; and
  • Beneficial ownership and reporting insider information.

Opening Your Accounts

Hemisphere currently uses National Bank Independent Network (NBIN) as our custodial platform. NBIN is a wholly owned subsidiary of National Bank of Canada — a federally regulated Schedule A bank — and is the largest retail custodian in Canada. NBIN is regulated by the Canadian Investment Regulatory Organization (CIRO), and all client accounts are protected by the Canadian Investor Protection Fund (CIPF), with coverage up to $1,000,000 in the event of insolvency.

Using the information gathered during onboarding, we prepare the necessary documentation to open your custodial account, including transfer forms and other required agreements. While Hemisphere has trading authority over your assets, we do not have direct access to your funds. Transfers of cash or securities in or out of your accounts requires your written authorization.

NBIN handles all trade settlement, safekeeping and recordkeeping for your account. Funding can be accomplished by transferring assets from another financial institution. We work with you to verify and record the original cost base of any transferred securities to ensure proper tax reporting.

Building Your Investment Roadmap

From the initial consultations, we formulate an Investment Policy Statement (IPS) that serves as the road map for the management of your investment portfolio. Investment objectives, risk suitability and constraints will be outlined along with funding and liquidity needs. The IPS is reviewed at least annually to ensure the current asset mix and investment objectives are appropriate for existing capital market conditions and your operating requirements.

PORTFOLIO CONSTRUCTION

Account Transition

We believe in a thoughtful transition to your new portfolio — not abrupt changes. When we take over management of an existing portfolio, we gradually align it with our investment approach. This process typically takes place over several quarters, allowing us to consider:

  • Market conditions

  • Redemption fees

  • Liquidity constraints

  • Cash flow needs

How We Invest

At Hemisphere, our investment strategy is rooted in clarity, discipline, and active management. We make informed decisions based on our analysis of macroeconomic developments, long-term investment themes, and the evolving impact of these forces on specific sectors and industries within the capital markets.

We are focused on steady, long-term returns through proven asset classes. Our portfolios are built using individual publicly traded securities — including common stocks, bonds, and preferred shares. We believe these instruments provide transparency, liquidity, and the ability to manage risk more effectively than complex or illiquid alternatives.

Our philosophy emphasizes simplicity and flexibility — investing in what we can clearly understand and explain.

For mission-driven clients, this flexibility is essential. Portfolios can be tailored to align with ethical guidelines or exclude securities that conflict with an organization’s values. We can incorporate socially responsible investing or ESG factors where appropriate, either through formal integration or specific client approvals.

Security Selection And Execution

Security selection is where our investment strategy becomes tangible. Each position in your portfolio is carefully chosen to reflect our focus on high-quality assets with long-term value. We use rigorous analysis and disciplined valuation practices to determine which securities best represent our investment philosophy.

Fixed Income

Our fixed income portfolios are designed with a strong focus on capital preservation and income generation. These holdings play a key role in reducing overall portfolio volatility while providing a dependable income stream.

We primarily invest in:

  • Government, provincial, and investment-grade corporate bonds

  • Select high-yield corporate bonds with strong fundamentals and attractive risk-adjusted returns

  • Preferred shares

Our approach is active but disciplined. We continuously assess interest rate trends, credit spreads, and economic conditions to position portfolios in a way that balances opportunity and risk. Fixed income forms the foundation of many of our clients’ portfolios — providing stability, generating reliable cash flow, and offering downside protection during periods of equity market volatility.

Equities

Our equity strategy focuses predominantly on high-quality North American, and select international, companies with:

  • Strong fundamentals

  • Sustainable business models

  • Responsible capital allocation

  • Proven track records of performance and cash flow generation

We avoid speculative investments and unproven technologies, instead preferring companies that offer stable growth and downside protection. Valuation is central to our equity process — we invest when the price is right, based on our internal analysis and a long-term view. We continuously review our holdings based on evolving fundamentals and market conditions.

Trade Execution

Effective execution is critical to successful investing. We maintain a broad, trusted network of fixed income and equity brokers, which enables us to:

  • Access a wide array of securities — including smaller or unique issues.

  • Seek best price and execution when completing trades.

By managing both security selection and trade execution in-house, we maintain full control over the investment process from idea to implementation.

GOVERNANCE INTEGRATION

We recognize the importance of governance and accountability in managing charitable assets. Our reporting and documentation are designed to integrate seamlessly with your oversight processes, supporting the work of boards, finance teams, and committees.

We provide clear performance reporting, detailed transaction records, and ongoing access to portfolio managers for review or presentation purposes. This transparency helps ensure that every decision can be explained, justified, and aligned with your mission and fiduciary responsibilities.

FUNDING AND LIQUIDITY PLANNING

We understand that predictable and timely access to capital is essential for fulfilling your charitable commitments. Our approach balances long-term growth with the liquidity required for grants, disbursements, and operating expenses.

We coordinate investment planning with your annual budgets and disbursement quotas to ensure that funding needs are met without disrupting your portfolio’s strategy. When funds are required, we manage the process efficiently and with minimal administrative burden by:

  • Reviewing your existing holdings to determine the most efficient and strategically sound way to raise cash.

  • Maintaining sufficient liquidity in your portfolio to meet anticipated and unexpected withdrawals without disrupting your long-term investment strategy.

  • Fulfilling most cash requests within a few business days, ensuring that you receive your funds quickly and with minimal hassle.

To streamline the process, we recommend setting up Electronic Funds Transfer (EFT) between your investment accounts and your bank account. This allows for seamless and secure transfers — so your money is there when you need it.

PORTFOLIO REPORTING

On a quarterly basis:

  • Portfolio Analysis/Performance Report: Summary of performance history, quarterly and last 12 months total return, annualized asset mix, appraisal of portfolio holdings.

On an annual basis:

  • CRM2 Report: Money-Weighted Rate of Return (MWRR) and management fee report in accordance with CRM2 reporting requirements.

You will also receive a statement of account from the custodian on a monthly basis, unless no transactions occurred in the account, in which case the statements will be generated quarterly.  

PERFORMANCE CALCULATION

Hemisphere follows best practice recommendations of the CFA Institute and calculates performance using the Time-Weighted Rate of Return (TWRR) methodology for quarterly reports. A TWRR calculation is considered to be a more accurate evaluation of a manager’s performance since it removes the effects of external cash flows, which are generally client-driven. This also allows for a common basis of comparison across investment managers. All historical rates of return on Hemisphere’s client statements are calculated using the TWRR standard. 

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ONGOING RELATIONSHIP

During the initial stages of a relationship, we typically meet more frequently to build a strong foundation of trust and understanding. Once the relationship is established, we continue to emphasize the importance of regular check-ins — typically on a quarterly, semi-annual or annual basis, depending on your preference. These meetings are a key part of our process and include:

  • thoroughly reviewing the current asset mix, portfolio performance and the portfolio holdings.
  • reviewing any transactions that occurred during the period.
  • discussing ongoing financial market events and our outlook.
  • discussing portfolio positioning given our expected outlook.

As the decision-makers behind every investment, we are fully accountable for each holding. We take pride in being able to clearly explain what each company in your portfolio does and why we believe it deserves a place there.

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