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ADVISORY BOARD
The following members of the Ivey Community serve as the Advisory Board for the Ben Graham Centre for Value Investing:
 

 

Charles Brandes
 Chairman, Brandes Investment Partners LP.

Mr. Brandes is the founder and managing partner of Brandes Investment Partners LP, an investment advisory firm serving institutional and private clients, which he founded in 1974. He is Chairman of the firm’s five-member Executive Committee where he shares responsibility for driving strategic decisions and monitoring implementation of the firm’s vision and objectives. He is also a member of the Investment Oversight Committee and a voting member of the Mid-Cap Investment Committee. He has a BA in economics from Bucknell University. A CFA charterholder for more than 25 years, Charles had the tremendous fortune early in his career to meet and learn from Benjamin Graham, the farther of value investing. He was able to learn firsthand the techniques Ben Graham used to uncover bargain securities. He has had over 38 years of investment experience and has published three books on value investing. 

 

Roger Lace
President, Hamblin Watsa Investment Counsel Ltd.

Mr. Lace is currently President of Hamblin Watsa Investment Counsel Ltd., a wholly-owned subsidiary of Fairfax Financial Holdings Limited, a publicly listed insurance holding company. In this capacity, he and his team are responsible for managing Fairfax’s global investment assets. He leads the equity management group in uncovering investment opportunities worldwide using the value investing approach.

He has served in the investment industry since 1975, initially receiving his training as a research analyst at Confederation Life under the tutelage of value investing specialist John H. Watson (cofounder of Sprucegrove Investment Management Ltd.) He subsequently worked in portfolio management at Scotia McLeod and has been a portfolio manager and principal at Hamblin Watsa since 1986.

He received his SB in management from the Alfred P. Sloan School, MIT in 1973, his MBA from Ivey in 1975, and CFA in 1979.

 

Mohnish Pabrai
 Managing Partner, Pabrai Investment Funds

Mr. Pabrai is the Managing Partner of the Pabrai Investment Funds. Since inception in 1999 with $1 Million in assets under management, the Pabrai Funds has grown to $600 Million in assets under management in 2011. The funds invest in public equities utilizing the Munger/Buffett Focused Value investing approach. A $100,000 investment in Pabrai Funds at inception in 1999 would have been worth $809,800 as of March 31, 2011 – an annualized gain of 19.5% (versus 3.3% for the Dow).

Mr. Pabrai has been profiled by Forbes and Barron’s and appeared frequently on CNN, PBS, CNBC, Bloomberg TV and Bloomberg Radio. He has been quoted by various leading newspapers including USA Today, The Wall Street Journal, The Financial Times, The Economic Times and The Times of India. He is the author of two books on value investing, The Dhandho Investor and Mosaic: Perspectives on Investing. The Dhandho Investor has been translated into German, Chinese, Japanese and Thai. Mohnish was the Founder/CEO of TransTech, Inc. - an IT Consulting and Systems Integration company, whjch was founded in 1990 and sold in 2000. TransTech was recognized as an Inc. 500 company in 1996. Mohnish is the winner of the 1999 KPMG Illinois High Tech Entrepreneur award given by KPMG, The State of Illinois, and The City of Chicago. He is an active Member of the Young President's Organization (YPO). He is also the Founder and Chairman of the Dakshana Foundation (www.dakshana.org) which has sent over 200 impoverished kids to the IITs in India so far. Mohnish strongly believes in a balanced life between work, family, and personal time.

 

Richard Rooney
 President, Burgundy Asset Management Ltd.

Mr. Rooney is the President and Chief Investment Officer of Burgundy Asset Management Ltd. He received a Bachelor of Arts degree from the University of Toronto in 1977 and an MBA from the Richard Ivey School of Business, University of Western Ontario in 1981.

Mr. Rooney began his career in Price Waterhouse in 1981 and qualified as a Chartered Accountant in 1984. In 1984, he joined Sun Life as an Investment Analyst and, in 1986, he became investment officer of Sunimco, a subsidiary of Sun Life. In 1989, he joined AMI partners where he had extensive responsibilities for investment research and portfolio management in the Canadian Equities group. Burgundy, Mr. Rooney, joined in 1995 as a Senior Vice President and in 1997 he was appointed president of Burgundy Asset Management Ltd. Under his leadership, Burgundy has been ranked as one of Canada’s 50 best managed companies. In 2002, Mr. Rooney completed a three-year term on the Accounting Standards Board of the Canadian Institute of Chartered Accountants. Mr. Rooney is President and a Trustee of The Art Gallery of Ontario Foundation, a Director of Empire Life Insurance, a Director of the Historica-Dominion Institute and Past Chair of the Stratford Festival of Canada. In 2009, he was honoured by his peers and received the designation of Fellow of the Institute of Chartered Accountants.

 

Prem Watsa
Chairman and Chief Executive Officer, Fairfax Financial Holdings Ltd.
Mr. Watsa is the Chairman and Chief Executive Officer of Fairfax Financial Holdings Ltd., a financial services holding company, which he took over in 1985. The company, through its subsidiaries, is engaged in property and casualty insurance and reinsurance, as well as investment management.

Mr. Watsa is a Chartered Financial Analyst, a graduate of the prestigious Indian Institute of Technology with a degree in Chemical Engineering and a holder of an MBA from the Richard Ivey School of Business of the University of Western Ontario. He is a member of the Board of Trustees of the Hospital for Sick Children, a member of the Advisory Board for the Richard Ivey School of Business and a member of the Board of Directors of the Royal Ontario Museum Foundation, as well as Chairman of the Investment Committee of St. Paul’s Anglican Church.

 

David J. Winters
 Managing Director, Wintergreen Advisers, LLC.

Mr. Winters is the managing director of Wintergreen Advisers, LLC. He is primarily responsible for the management of the Fund's portfolio, and has responsibility for the day-to-day management of the Fund.

Prior to forming Wintergreen Advisers in May 2005, Mr. Winters held various positions with Franklin Mutual Advisers, LLC, including, president, chief executive officer and chief investment officer. He led the Mutual Series group of global and domestic equity value funds and served as the chief investment officer of Franklin Mutual Advisers, LLC with assets under management in excess of $35 billion as of March 31, 2005. Mr. Winters also served as the portfolio manager of the Mutual Discovery Fund during the period beginning February 1, 2000 through May 10, 2005, and other client accounts managed in a similar investment style. Mr. Winters had been a member of the management team of the Mutual Series since 1987. He was named director of research in 2000, and was promoted to president and chief investment officer in 2001.

 

Martin Whitman
 Founder and Co-Chief Investment Officer, Third Avenue Management LLC.

Mr. Whitman is a veteran value investor with a long, distinguished history as a control investor who has identified value securities for more than 50 years. He began his career as a security analyst at Shearson, Hammil in 1950. For the next twenty years, he held positions as director of research and corporate finance at several firms. In 1974, he founded M.J. Whitman & Co., Inc. Martin entered the asset management business in 1984, when he became President and CEO of Equity Strategies Fund, Inc., an open-end investment company. He has managed the flagship Third Avenue Value Fund since its inception in 1990. Third Avenue Management invests predominantly in the equities of well-capitalized companies, priced at a significant discount to their takeover value.

Mr. Whitman serves on the board of Nabors Industries, Inc., a New York Stock Exchange-listed company which is one of the largest in the land drilling and oil services industry. For over 30 years, Martin has been a Distinguished Management Fellow at the Yale School of Management. He has also taught at the Columbia University Graduate School of Business, as well as Syracuse University’s Whitman School of Management, which is named in his honour. Martin was named Mutual Fund Manager of the Year by Morningstar in 1990.

He is the author of the Aggressive Conservative Investors and Value Investing - A Balanced Approach. Martin received a Masters degree in Economics from the New School for Social Research and graduated from Syracuse University magna cum laude. He is also a CFA Charterholder.

 

Former Advisory Board Members