President and CEO
Canoe Financial
After co-founding Canoe Financial in 2010, Darcy Hulston has helped the firm grow from scratch. Since starting with three equity funds, Canoe Financial has expanded to 21 open-end mutual funds and private equity funds as of March 2019. Canoe’s 2016 acquisition of O’Leary Funds was a major stepping stone to growth, as was its purchase earlier this year of Fiera Capital’s Canadian mutual fund assets, which added $785 million in assets to bring Canoe’s total AUM to more than $5.5 billion.
Hulston doesn’t see the firm stopping there. “We’ll continue to be an acquirer,” he says. “We are in a number of discussions now, and we will look for firms that aren’t having the success of scaling we are or have made the decision that they want to get out of the retail landscape.”
