# Canso Investment Counsel

Canso Investment Counsel is an Asset Manager based in Richmond Hill, Ontario, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Richmond Hill, Ontario, Canada
- **Region:** North America
- **Address:** 100 York Boulevard, Suite 550, Richmond Hill, Ontario, Canada
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** cansofunds.com
- **LinkedIn:** https://linkedin.com/company/canso-investment-counsel-ltd

## Regulatory record

- **CRD number:** 336447
- **SEC file number:** 801-132893
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/336447

## About

Canso Investment Counsel is an SEC-registered investment adviser in Richmond Hill, Ontario, registered since 2025. The firm manages approximately $44.4 billion in regulatory assets. It has 65 employees and 30 investment advisers.

## Sectors

- Corporate Credit
- Private Credit
- Special Situations

## Offices

- Montreal, Quebec, Canada

## People

- John Carswell — CFA
- Heather Mason-Wood — CFA
- Patrick McCalmont — CFA
- Shirley Sumsion — CPA, CA
- Jeff Carter — CFA
- Vivek Verma — CFA
- Faye Lee — CFA

## Questions

### Who runs investment decisions at Canso Investment Counsel?

Investment decisions are made by the team of owning professionals listed on the firm's website, including senior members such as John Carswell, Heather Mason-Wood, and Patrick McCalmont — all CFA charterholders. Canso is structured as an employee-owned partnership, meaning the investment decision-makers are also the firm's owners. The firm emphasizes a flat, collaborative culture rather than a star-manager model.

### How is Canso Investment Counsel structured?

Canso is a private company owned by its investment professionals. It is not a subsidiary of a bank, an insurance company, or an external parent. This employee-ownership model aligns the principals' wealth with the performance of client portfolios and supports the firm's stated long-term, fashion-agnostic approach to credit investing.

### Which regions does Canso Investment Counsel cover?

Canso operates from offices in Richmond Hill, Ontario, and Montreal, Quebec. Its credit mandate is rooted in North American markets, though the firm does not specify whether its research universe extends beyond Canada and the United States.

### What is the significance of the firm's name, 'Canso'?

The firm is named after the PBY-5A Canso amphibious aircraft — the Canadian-built variant of the Consolidated Catalina patrol bomber. Canso's founders chose the name to signal the ruggedness, endurance, and flexibility they believe their investment strategies require, particularly when navigating distressed and mispriced credit markets.

## Related profiles

- [McGinnis Lochridge](https://altss.com/profile/mcginnis-lochridge)
- [Auréus Vermogen](https://altss.com/profile/aureus-vermogen)

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Last updated: 2026-06-03T20:00:00.000Z

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