MD Physician Services Inc. (MD), a Canadian Medical Association (CMA)-owned wealth management organization, today announced the patent application in Canada and the United States of its proprietary fund management process engineered exclusively for Canadian physicians.
“This is a very significant step for MD. It is a sophisticated extension of MD’s rigorous “Manage the Manager” active fund management process which we have been following—with considerable success—for more than four decades and which was integral in setting this patent in motion,” said William R. Horton, Jr., Chief Investment Officer at MD.
“The fund management process we innovated moves well beyond the analysis and selection of a fund manager,” added J. Craig Maddock, Vice President of Investment Management at MD (and one of the five inventors). “The multi-faceted process is designed to establish our ideal combination of active and passive strategies. It allows us to determine which particular investment philosophies, processes and partnerships enhance the likelihood of delivering promising future risk-adjusted investment performance on behalf of our physician clients.”
“Our longstanding partnership with MD is a direct result of their disciplined in-depth analysis,” said Garey J. Aitken, Chief Investment Officer at Franklin Bissett Investment Management. “We’ve witnessed MD’s investment process in action where it was evident they were going far beyond evaluating the strength of our philosophy and people. MD developed a complex evaluation of how they anticipate we’ll perform in the future in a variety of market conditions,” he added.
MD’s active fund management process involves comprehensive qualitative and quantitative research and analysis of the decision-making process of key fund managers throughout variable market regimes and development of forward-looking normalized performance estimates. The goal is improved predictability of behaviour at the fund manager level and enhanced probability of achieving risk-adjusted return objectives.
About MD Physician Services
MD Physician Services, with more than $35 billion in assets under administration, is a wholly-owned subsidiary of the Canadian Medical Association. MD is dedicated to serving physicians and their families. MD Physician Services provides financial products and services, the MD family of mutual funds, private investment counselling services and practice management services through the MD Group of companies. For a detailed list of these companies, visit mdm.cma.ca.
Communications Manager, MD Physician Services Inc.