Brompton Funds

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Portfolio Manager: UBS Global Asset Management

UBS Global Asset Management is one of the world's largest and most respected global asset managers. Total invested assets were approximately $600 billion as at December 31, 2010. UBS Global Asset Management truly has a global presence with over 3,500 employees located in 25 countries. UBS Global Asset Management (Canada) Co., a division of UBS Global Asset Management, is the portfolio manager for Global Uranium Fund Inc., which boasts an eight member portfolio management team that draws upon the firm's breadth and expertise in global materials. The firm has a 25-year track record of providing superior performance for its clients by applying an intrinsic valuation methodology through an integrated global approach.

UBS Global Asset Management
Portfolio Management Team

Stephen Bonnyman , CFA (Executive Director, Senior Equity Analyst)
Mr. Bonnyman is responsible for company and industry level research for the Canadian materials sector. Prior to joining UBS in 2009, Mr. Bonnyman spent 3 years at McLean Budden where he covered materials on a global basis. Stephen was previously a top ranked sell-side analyst spending 13 years covering materials stocks at CIBC World Markets Inc. and RBC Dominion Securities. Stephen is a member of the CFA Institute and the Toronto CFA Society. He received a BSc (Geology) from McMaster University and a Master of Business Administration degree from Dalhousie University.


Ron Schwarz , CFA (Executive Director, Small Cap Portfolio Manager)
Mr. Schwarz is responsible for portfolio construction and research activity in the Canadian small cap sector. In this role, he serves as a member of the Canadian asset mix committee and is an integral part of the Canadian equity portfolio construction and research team. Prior to joining the firm in 2009, Mr. Schwarz served as Co-Head of Canadian Equities for CIBC World Markets Inc where he was responsible for the firm’s sales, trading, and equity research operations. The majority of Mr. Schwarz’s experience is centered in equity research. He served as a player/coach Research Director for 3 years following almost 10 years as a top ranked small cap research analyst at CIBC. Mr. Schwarz’s capital market experience also encompassed participation in numerous committees dealing with equity issue due diligence, suitability, risk (pricing and reputational), and direct equity investments (public and private). He received a BComm from Concordia University.


Steven Ko , CFA (Associate Director, Analyst)
Mr. Ko is responsible for analysis of Canadian companies across various sectors. Prior to joining the firm in January 2009, Mr. Ko spent more than three years in the capital markets industry. His experience includes serving as an investment banking analyst and equity research associate at Blackmont Capital, and more recently as an equity research associate covering the precious metals sector at Canaccord Adams. Mr. Ko is a member of the CFA Institute and the Toronto CFA Society. Mr. Ko received a Master of Business Administration degree from the University of Western Ontario and a BComm from McMaster University.


Pierre Ouimet , (Managing Director, Head of Canadian Equities)
Mr. Ouimet is responsible for research and portfolio construction activity in the Canadian market. In this role, he is the lead portfolio manager for large-cap portfolios. As Chair of the Canadian Asset Mix Committee, Mr. Ouimet has responsibility for top-down macro inputs to UBS’ investment management process. Mr. Ouimet joined the Montreal office in 1995 as vice president, Canadian equity. Mr. Ouimet began his investment career as a research analyst at Standard Life. In 1986, Mr. Ouimet joined Levesque Beaubien as head of research and later became portfolio manager with National Bank/Levesque Beaubien’s investment subsidiary, NatCan. In 1990, he joined BNP Securities as president. He received a BAA degree from the University of Montreal and a Master of Business Administration degree from McGill University.


John Pickard , (Managing Director, European Head of Equities)
Mr. Pickard has 20 years of investment industry experience and is responsible for all aspects of UBS Global AM’s Equities business in Europe and all sector specific funds. He is a member of the UBS Global Asset Management Equity Investment Committee. Prior to taking on his current role in 2006, he was co-head of EMEA Equities and also spent two years as Head of Asia Pacific Equities. Mr. Pickard received a Master of Arts from Oxford University.


Mark Rider, (Executive Director, Australian Equities)
Mr. Rider has 20 years of investment industry experience and is responsible for economics and commodities research in Australia as a member of the Australian Asset Allocation Committee. Prior to joining UBS Global AM in 1997, Mr. Rider was Head of Economic Activity and Forecasting at the Reserve Bank of Australia. Mr. Rider received a Bachelor of Economics from Macquarie University (Australia) and a Master of Science from the London School of Economics.


Mark Roggensinger, (Director, Emerging Markets Equities)
Mr. Roggensinger has 13 years of investment industry experience. He is responsible for research into the basic materials sector in EMEA and Latin America. He is also Portfolio Manager for UBS (CH) Equity Fund - Gold. Prior to joining UBS Global AM in 2005, Mr Roggensinger was active in raising capital for junior mining companies in Switzerland. Prior to this, he was an Equity Research Analyst for Merrill Lynch, initially covering the South African Mining and Steel sectors, transferring to coverage of the United States Steel Sector in 2001. He began his career in the South African Mining Industry as a Mine Geologist and a financial analyst. Mr. Roggensinger completed his Lic Sci de la Terre, Dipl. Ing. Géologue at the University of Geneva (Switzerland).


Robert Turner, (Director, Australian Equities)
Mr. Turner has over 25 years of investment experience and is responsible for Australian Equities and analysis of the resource and energy sector. Prior to joining UBS Global AM in 2006, he covered a variety of industry segments for Credit Suisse Asset Management. Mr. Turner received a Master of Business Administration from Charles Sturt University in Australia.


Investment Approach
  1. Uranium producers and developers are evaluated based on price-to-intrinsic value methodology, primarily using discounted cash flow modeling;
  2. Exploration companies, for which cash flows are not as predictable or identifiable, will be evaluated using other investment metrics, such as asset-based valuations, industry positioning, quality of assay results, quality of management and joint venture partners; and
  3. Overall objective is to identify those uranium companies that UBS Global Asset Management believes have solid and recognizable competitive strengths that will trigger eventual market recognition of embedded value.