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What's your vintage year?

When did you become an EdgePoint partner? Select your "Partner since" year and uncover a piece of EdgePoint history.

Let's take a walk down memory lane as we recall the major events and fun facts from your vintage year.

I've been a Partner since...

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018

2008

EdgePoint is born! Fed up with an industry led by sales and marketing, where mutual fund companies have become “fund supermarkets” and asset gatherers, our founders set out to start EdgePoint, an investment-led firm solely focused on the interests of our investors. We ask investors for their trust and commit to work hard to deliver on these three goals:

  • Achieve investment results at or near the top of our peer group over 10 years.
  • Remain an investment-led organization that has strong relationships with our investment partners.
  • Maintain a company culture that inspires our employees to think and act like owners.

 

Globe 

Oil hits US$160i a barrel, the 29th Summer Olympics are held in Beijing, Apple releases the iPhone 3G and Barack Obama becomes the first African American to be elected U.S. President.

 

Financial 

It also happens to be the dawn of the worst economic crisis in recent memory, dubbed the Great Recession. Major panic consumes the market.

Global stock prices plunge to record lows and the Dow Jones Industrial Average loses 33.8%ii of its value. The U.S. Consumer Confidence Index hits its lowest point on record.iii By the end of the year, the Great Recession envelopes the entire globe.

Purportedly stable companies like Lehman Brothers file for bankruptcy and a significant domino effect seizes financial systems.

Late in the year, the U.S. Federal Reserve Board initiates the first round of quantitative easing in order to increase money supply and stabilize fragile markets.




Note: In each year there were macroeconomic events that weighed heavily on the minds of our investors. Here’s what we believe: when you know the value of the businesses you own, none of this “noise” really matters – except for the increased volatility that results from these events, which provided us with great investment opportunities.


iSource: Bloomberg LP. US Brent Crude.

iiSource: Bloomberg LP.

iiiSource: Bloomberg LP. As at October 28, 2008.

2009

Globe 

Bernard Madoff is sentenced to 150 years in prison for operating a massive Ponzi scheme; an unknown person using the name “Satoshi Nakamoto” develops the bitcoin; in the “Miracle on the Hudson,” Chesley Sullenberger safely lands US Airways Flight 1549 on the Hudson River after the plane hit Canadian geese while taking off from LaGuardia Airport; the death of the “King of Pop” Michael Jackson brings worldwide outpourings of grief.

 

Financial 

The world appears on the brink of collapse and capitalism is declared dead.

Spendthrifts become tightwads, a new age of austerity dawns and governments in the U.S. and around the world pump trillions of dollars into the financial system and into the economies, hoping to avert another Great Depression.

Once an icon of U.S. manufacturing, Detroit is battered badly as its economy craters, Fiat buys a stake in Chrysler and General Motors plunges in and out of bankruptcy.

Unemployment in the U.S. hits a 26-year high of 10.2%.i

The S&P 500 Index declines to its lowest level in more than a decade, closing at 676.ii

 

EdgePoint logo

Tye and Geoff call this period “the best opportunity of our investment careers.”

Geoff MacDonald is selected by the World Economic Forum as a "Young Global Leader".



Note: In each year there were macroeconomic events that weighed heavily on the minds of our investors. Here’s what we believe: when you know the value of the businesses you own, none of this “noise” really matters – except for the increased volatility that results from these events, which we believe has allowed us to build future wealth into our Portfolios.


iSource: U.S. Bureau of Labor Statistics. As at October 2009.

iiSource: Bloomberg LP. As at March 9, 2009. The S&P 500 Index is a broad-based, market-capitalization-weighted index of 500 of the largest and most widely held U.S. stocks.

2010

Globe 

Instagram launches, Apple introduces the iPad, and Starbucks and McDonald’s begin offering free Wifi.

Volcanic ash from Iceland causes major disruptions in air travel across Europe and a cataclysmic earthquake rocks Haiti and leaves millions homeless.

Spain wins the soccer World Cup in South Africa and Vancouver hosts the Winter Olympics.

 

Financial

Many European Union economies adopt austerity as the watchword of the day. As Greece teeters toward bankruptcy in May, tens of thousands march in Athens and other cities to protest government plans to cut back on public-sector spending.

In April 2010, Greece is downgraded to junk status by ratings agencies.i

On May 6th, a “Flash Crash” takes place and the Dow Jones Industrial Average briefly declines by nearly 1,000 points within minutes, only to recover a large part of the loss 20 minutes later.

The MSCI World Index falls 11%ii in two months.

The U.S. Federal Reserve Board announces another round of quantitative easing (QE2) with plans to buy US$600 billion in Treasuries.iii

 

Terms like “high unemployment,” “large deficits,” “increased volatility,” “market uncertainty” and “investor nervousness” aptly describe the investment backdrop. Music to our ears! We take advantage of the volatility and uncover many great investment opportunities.

After certain provincial governments introduce the Harmonized Sales Tax (HST), EdgePoint is one of a few mutual fund companies to launch a non-HST series in 2010. This tax is in effect in five of the 10 Canadian provinces. We won’t make investors pay it if they don’t have to.



Note: In each year there were macroeconomic events that weighed heavily on the minds of our investors. Here’s what we believe: when you know the value of the businesses you own, none of this “noise” really matters – except for the increased volatility that results from these events, which we believe has allowed us to build future wealth into our Portfolios.


iSource: Standard & Poor’s Financial Services, S&P Global Ratings.

iiSource: Bloomberg LP. As at June 9, 2010. In C$. The MSCI World Index is a broad-based, market-capitalization-weighted index comprising equity securities available in developed markets globally.

iiiSource: U.S. Federal Reserve Board. As at November 3, 2010.

2011

Globe 

Prince William and Kate Middleton get married, the world population reaches seven billion, a devastating Tsunami hits Japan and Apple founder Steve Jobs dies.

 

Financial

In August, U.S. AAA credit rating is downgraded for the first time on concerns about its rising debt burden.i  Two days later, the S&P 500 Index falls 6%ii  in one day amid bank concerns.

The aftereffects of the Financial Crisis reveal the clumsy and, at times, irresponsible state of affairs in a number of Eurozone economies, particularly in Greece, where bailout packages mandated crippling budget cuts and other austerity measures.

  

Fear dominates the markets, but we embrace volatility and work on making investments that will add value in the future. Every day we gain new investor and advisor partnerships, while strengthening our existing relationships.

We move out of our old office and into a new one to accommodate our growth – but not at a high price tag. We secure a lease well below market value, thereby reinforcing our cost-conscious culture.



Note: In each year there were macroeconomic events that weighed heavily on the minds of our investors. Here’s what we believe: when you know the value of the businesses you own, none of this “noise” really matters – except for the increased volatility that results from these events, which we believe has allowed us to build future wealth into our Portfolios.


iSource: Standard & Poor’s Financial Services, S&P Global Ratings. As at August 5, 2011.

iiSource: Bloomberg LP. As at August 8, 2011. The S&P 500 Index is a broad-based, market-capitalization-weighted index of 500 of the largest and most widely held U.S. stocks.

2012

Globe 

The Summer Olympics are held in London, the largest shipwreck in history occurs west of Tuscany, Hurricane Sandy hits the U.S. and we witness the Transit of Venus, a rare astronomical event, for the last time in this century.

Financial 

U.S. National Home Price Index hits a new bottom, falling 27% from June 2006 highs.i

Greece’s 10-year government bond yields rise from 5% to over 30% in less than 12 months on default concerns.ii

By many measures, the economy is on a welcome upswing. The unemployment rate dips to a four-year-low of 7.7%,iii stock markets rise, builders break ground on more homes and November is the best sales month in nearly five years for U.S. automakers.

Overshadowing the good news is deep anxiety about the economic consequences if U.S. President Obama and the Democrats fail to reach a deal with the Republicans to avert the "fiscal cliff" that would trigger automatic tax hikes and spending cuts.

 

Safety, income and low volatility are the buzzwords in the investment fund industry. But we send a different message. We believe investors need companies that can grow regardless of economic conditions, and we try to buy them that growth for free.

We launch EdgePoint Academy for our end investors because we believe being a better-informed investor leads to better investment decisions. The idea behind EdgePoint Academy is to provide access to easy-to-understand educational material and our perspective on investment-related topics.



Note: In each year there were macroeconomic events that weighed heavily on the minds of our investors. Here’s what we believe: when you know the value of the businesses you own, none of this “noise” really matters – except for the increased volatility that results from these events, which we believe has allowed us to build future wealth into our Portfolios.


iSource: Standard & Poor’s Financial Services. As at February 2012.

iiSource: Bloomberg LP. As at March 2012.

iiiSource: U.S. Bureau of Labor Statistics. As at December 2012.

2013

Globe 

New word "selfie" is added to the dictionary; the world welcomes a new pope and a new royal baby. An unprecedented flood swamps southern Alberta. Canada removes the penny from circulation.

 

Financial 

Concerns about the U.S. debt ceiling mount during the year and the  U.S. Federal Reserve Board begins tapering (reducing its quantitative easing measures).

We experience almost nothing but upwardly sloping equity price fluctuations in 2013 and Wall Street ends the year on a record high.

 

EdgePoint turns five!

We hold our first EDGE-ucation camp event. We spend a summer afternoon with a select group of our partners’ children, taking a lighthearted look at saving and investing.

Since then, our EDGE-ucation camp has grown every year. As more kids attend these events every year, we’ve been adding more camps in more cities.



Note: In each year there were macroeconomic events that weighed heavily on the minds of our investors. Here’s what we believe: when you know the value of the businesses you own, none of this “noise” really matters – except for the increased volatility that results from these events, which we believe has allowed us to build future wealth into our Portfolios.

2014

Globe 

The ALS ice bucket challenge goes viral on social media in the summer. The Winter Olympics are held in Sochi.

The Russia-Ukraine tensions mount and a brutal new terror group is on the rise in the Middle East.

 

Financial 

The  U.S. Federal Reserve Board ends its quantitative easing program. In the markets, it’s just another year when stocks move higher.

In November, the S&P 500 Index closes at a record level for 46th time in a year.i

 

We launch our new website, www.edgepointwealth.com. This new site reminds us that, unlike our investment approach, technology is anything but timeless.



Note: In each year there were macroeconomic events that weighed heavily on the minds of our investors. Here’s what we believe: when you know the value of the businesses you own, none of this “noise” really matters – except for the increased volatility that results from these events, which we believe has allowed us to build future wealth into our Portfolios.


iSource: Bloomberg LP.  As at November 2014. The S&P 500 Index is a broad-based, market-capitalization-weighted index of 500 of the largest and most widely held U.S. stocks.

2015

Globe 

A series of coordinated terror attacks take place in Paris, and thousands of people flee war-torn Syria and other areas in the Middle East and Africa, making the dangerous trek through Europe.

 

Financial 

At the end of 2015, volatility returns with a vengeance and the price of oil drops like a stone, taking the Canadian dollar with it, while interest rates stay unchanged near 0%.

The “Grexit” crisis takes hold as concerns rise that Greece will exit the Eurozone over bailout negotiations.

A slowdown in China begins to hurt the global economy with reduced demand for commodities.

The U.S. Federal Reserve Board raises short-term interest rates for the first time in a decade.

 

We launch the Management Expense Ratio (MER) savings counter on our website – as always, our goal is to shrink costs and grow wealth.

We expand our office and our gym – having partners who lead a healthy lifestyle is very important to us.



Note: In each year there were macroeconomic events that weighed heavily on the minds of our investors. Here’s what we believe: when you know the value of the businesses you own, none of this “noise” really matters – except for the increased volatility that results from these events, which we believe has allowed us to build future wealth into our Portfolios.

2016

Globe 

The refugee crisis and Syrian civil war intensify.

The Summer Olympics are held in Rio.

Donald J. Trump is elected 45th President of the United States.

 

Financial 

China slows and the price of oil drops below US$30 to a 12-year low (and then recovers).i

The U.K. votes to leave the European Union and the British pound hits a 31-year low against the U.S. dollar.ii

 

Many topical stories make the headlines this year, but it’s largely noise to us. Don’t get us wrong, we’re all ears because we like to know what the industry is focusing on, although none of the drama causes us to significantly change course. That’s because our disciplined investment approach doesn’t change with the headlines.

Our first Cymbria Day at Koerner Hall is attended by 445 partners from across the country. It’s always great to see everyone!



Note: In each year there were macroeconomic events that weighed heavily on the minds of our investors. Here’s what we believe: when you know the value of the businesses you own, none of this “noise” really matters – except for the increased volatility that results from these events, which we believe has allowed us to build future wealth into our Portfolios.


iSource: Bloomberg LP, Brent crude. As at January 12, 2016.

iiSource: Bloomberg LP. As at October 2016.

2017

Globe 

America is treated to the first total solar eclipse in 99 years; Amazon founder Jeff Bezos briefly becomes the world's richest man, overtaking Bill Gates for half a day; the “Silence Breakers” – those who spoke out against sexual assault and harassment – are named Time Magazine’s “Person of the Year”.

 

Financial 

Nine years of rising markets have investors riding a high all the way to the end of 2017.

The S&P 500 Index sets an all-time record as the longest period without a correction of at least 3%.i

Trump signs sweeping new tax overhaul into law. The S&P 500 Index soars to new highs.ii

Volatility does a great disappearing act, leaving us to hope investors don’t forget that one of the few guarantees about investing is that the road to returns will be rocky.

 

We at EdgePoint eagerly wait for market volatility to return.

Standing desks become popular at EdgePoint – in 2014 we bought one to accommodate somebody with a bad back. In early 2017, we expand to four but our cost-conscious ways stop us there. That is, until someone on our Finance team finds a great deal and we buy 24 more.



Note: In each year there were macroeconomic events that weighed heavily on the minds of our investors. Here’s what we believe: when you know the value of the businesses you own, none of this “noise” really matters – except for the increased volatility that results from these events, which we believe has allowed us to build future wealth into our Portfolios.


iSource: Bloomberg LP. As at November 2017. The S&P 500 Index is a broad-based, market-capitalization-weighted index of 500 of the largest and most widely held U.S. stocks.

iiSource: Bloomberg LP. As at December 22, 2017. The S&P 500 Index is a broad-based, market-capitalization-weighted index of 500 of the largest and most widely held U.S. stocks.

2018

Globe 

The leaders of North Korea and South Korea meet in an historic summit in April, the #MeToo movement goes global, and there is a very American addition to the British royal family.

Two retail icons go bankrupt: Founded as a mail-order watch business in 1886, Sears files for bankruptcy; the former toy giant, Toys “R” Us, also declares bankruptcy after more than 60 years in business.

Apple becomes the first American publicly traded company to reach US$1 trillion in value, and Jeff Bezos of Amazon becomes the world’s richest man (again).

 

Financial 

The U.S. Consumer Confidence Index hits an 18-year high in August 2018.i

U.S. unemployment falls to its lowest level in 50 years.ii

U.S.–China trade tensions increase as the U.S. announces tariffs on US$200 billion of Chinese imports.iii

In December, the S&P 500 Index plunges 14% for the quarter.iv It’s the worst fourth quarter since the Financial Crisis. Ongoing trade wars intensify and the  U.S. Federal Reserve Board announces its decision to raise the benchmark rate, with plans for further increases in 2019.

 

EdgePoint turns 10! Ten years after putting investors first, we are pleased with our progress in compounding wealth for our investors. We now turn our attention to the next decade with the same dedication and passion.

The year in the markets ends differently from how it began. Volatility returns with tumbling energy prices, rising interest rates and mounting global trade tensions. We continue to rely on our investment approach and long-term thinking, taking advantage of the volatility.

EdgePoint raises fund minimums from $15,000 to $20,000. We do this to ensure that we continue partnering with like-minded advisors who have a solid understanding of EdgePoint, hoping that the higher minimums will encourage new advisors to look beyond short-term performance to truly understand who we are and how we invest for the long term.

To show appreciation for our partners who have trusted us and stayed disciplined with their investments over the last 10 years, we launch the 10-year Partner Program. This program offers our long-time partners fee reductions (via rebates) so more of their money can work for them as they seek to achieve their long-term financial goals.



Note: In each year there were macroeconomic events that weighed heavily on the minds of our investors. Here’s what we believe: when you know the value of the businesses you own, none of this “noise” really matters – except for the increased volatility that results from these events, which we believe has allowed us to build future wealth into our Portfolios.


iSource: Bloomberg LP. As at August 28, 2018.

iiSource: U.S. Bureau of Labor Statistics. As at October 5, 2018.

iiiSource: Office of the United States Trade Representative (USTR). As at September 18, 2018.

ivSource: Bloomberg LP. As at December 2018. The S&P 500 Index is a broad-based, market-capitalization-weighted index of 500 of the largest and most widely held U.S. stocks.

vSource: The U.S. Federal Reserve Board. As at December 2018.