FREN

Our history & principles

Established in 2017, Evovest has grown and strived to innovate investment management. The company was built with the goal to automate investment decisions with a scientific approach. The development of an investment process that uses a combination of machine learning in conjunction with the best practices in portfolio management. Discover the evolution of the company and the investment process down below.

Principles

Organizational value

Organizational value Evovest strives to create a strong sense of community by promoting diversity and inclusivity throughout the firm. Our company continues to grow and develop thanks to the diverse perspectives each member brings through their unique background. We take pride in welcoming differences and acknowledge their contribution to the success of Evovest.

Recruitment

At Evovest, we value the diverse skill set and experience each candidate has to offer. We encourage applications from all qualified candidates and do not discriminate based off features such as (but not limited to) race, gender identity, nationality, sexual orientation, and religion.

CFA commitment

Evovest is proud to share that we plan to formally adopt the CFA Institute Diversity, Equity, and Inclusion Code. Our commitment demonstrates our belief in the importance of fostering a safe and fair environment where individuals are rewarded and recognized based on their merit. The CFA Institute ‘DEI Code’ will help guide our operations; as well, drive our initiatives to ensure greater DEI within Evovest.

History

Corporation

2024

  • March
    In collaboration with National Bank Investments, we launch our first ETF
  • February
    Marking the five-year milestone of our Global Equal Weighted Equity strategy

2023

  • June
    We reach a new milestone of $100 million in assets under management
  • May
    We welcome Thierry to our team as a Portfolio Manager responsible for trade lifecycle, portfolio construction, and risk management projects
  • April
    We receive a second QEMP mandate to develop our Global Market Neutral strategy
  • February
    B Corp Certification: we successfully completed a rigorous assessment of our practices and policies to meet the highest standards of social, environmental, and governance

2022

  • December
    We are growing our team. Vanessa is in charge of the marketing department and sales development strategies
  • June
    We welcome Tamara Close as our new independent Board Member who helps us with our ESG integration
  • March
    Evovest is officially a signatory to the United Nations Principles for Responsible Investments
  • January
    We achieve a 3 year track record

2021

  • September
    Team expansion and new advisory board functions
  • June
    Evovest reached 40M USD in AUM
  • March
    Launch of the global equity strategy with the QEMP

2020

  • September
    First institutional mandate with the selection of our global equity strategy for the Quebec Emerging Manager Program (QEMP)
  • January
    Establishment of an independent chairman of the board with Michel Tremblay

2019

  • September
    Start of our first institutional due diligence process with an established service provider
  • January
    Launch of the Evovest Global Equity Fund in partnership with Majestic Asset Management

2018

  • December
    Evovest team grows to 4
  • June
    Entrepreneurship grant from Fondation Montreal Inc
  • April
    Seed capital for R&D
  • January
    Regulatory approval to operate as a portfolio manager

2017

  • May
    Evovest foundation

Investment Process

2024

  • June
    New ESG approach based on exclusion lists
  • March
    Formalization of the portfolio risk management framework

2023

  • October
    Swap trading: important operational progress by adding equity synthetics to the Global Market Neutral strategy
  • March
    Development of improved metrics for systematic model evaluation

2022

  • June
    Implementation of innovative model selection
  • March
    Explainable AI module

2021

  • May
    Deployment of a proprietary neural decisions trees algorithm
  • March
    Risk modelisation updated by using a new distance based-measure
  • January
    ESG integration to our investment process via Truvalue labs

2020

  • June
    Migration to daily data with weekly rebalancing
  • January
    Risk modelisation based on risk factor

2019

  • March
    Initial development of Evotrees, an open-sourced and Julia based gradient boosted trees library
  • January
    Basic risk control addition for sector and beta control

2018

  • October
    Database reassessment and selection of S&P Capital data
  • May
    Design of our Evolutive Learning Test (ELT) that overcome most biases in quantitative finance
  • January
    R&D process with monthly data and machine learning algorithms