The following members of the Value Investing Community serve as the Advisory Board for the Ben Graham Centre for Value Investing:
Chairman, Brandes Investment Partners LP
Charles Brandes 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 at Brandes Investment Partners, L.P. He is also a member of the all-cap investment committee and the Investment Oversight Committee, which monitors the processes and activities of the firm’s investment committees. Before founding Brandes in 1974, Mr. Brandes became an acquaintance of Benjamin Graham, widely considered the father of the value-investing approach. He has also authored a book on value investing. Mr. Brandes is a board member of several organizations involved in scientific, eleemosynary and cultural work. He earned his BA in economics from Bucknell University and has 46 years of investment experience.
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.
Managing Partner, Pabrai Investment Funds
Mohnish Pabrai is the Managing Partner of the Pabrai Investment Funds and CEO of Dhandho Holdings Corporation. Since inception in 1999 with $1 million in assets under management, Pabrai Investment Funds has grown to over $460 million in assets under management in 2016. Since inception, the funds have widely outperformed market indices and most investment managers. As of September 30, 2016 Pabrai funds has impressively realized an annualized gain of 13.1%. Pabrai was the Founder/CEO of TransTech, Inc. - an IT consulting and systems integration company. Founded in his home in 1990, Pabrai bootstrapped the company to over $20 million in revenue when it was sold in 2000. TransTech was recognized as an Inc. 500 company in 1996. He is the author of two books on value investing, The Dhandho Investor and Mosaic: Perspectives on Investing. He is the Founder and Chairman of the Dakshana Foundation, a project that is focused on providing world-class educational opportunities to economically and socially disadvantaged gifted children worldwide.
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 Ivey Business School, Western University 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.
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 Ivey Business School at Western University. He is a member of the Board of Trustees of the Hospital for Sick Children, a member of the Advisory Board for the Ivey Business School 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.
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.
Chief Investment Officer of The Cundill Division, Mackenzie Cundill Investment Management Ltd.
Mr. Cundill was the Chief Investment Officer of The Cundill Division of Mackenzie Financial Corporation (“MFC”).
Prior to October 2006, Peter was the Principal of The Cundill Group. After positions at Greenshields Inc. in Montreal and the Yorkshire Group in Vancouver, Peter became president of AGF Vancouver Investment Management Ltd., a position he held from 1972-1975. The All-Canadian Venture Fund was formed in 1967. In 1975, Vanan Financial Management Ltd. took over management of this fund. Peter Cundill was a partner in the company and in April 1977, the fund was renamed the Cundill Value Fund. In 1977, Peter founded his own firm, Peter Cundill & Associates Ltd. ("PCA"). In 1998, PCA entered into a strategic partnership with MFC to serve the needs of Canadian mutual fund shareholders. In August 2006, Peter entered into a strategic alliance with MFC. MFC acquired all of the assets of The Cundill Group. Peter and the investment team now manage USD15 billion in assets.
Peter graduated from McGill University with a Bachelor of Commerce degree in 1960. Peter was a Chartered Accountant (1963) and a Chartered Financial Analyst Charter Holder (1968). Throughout his career, Peter earned many distinctions. In December 2001, Peter was presented with the Analysts' Choice Career Achievement Award as the greatest mutual fund manager of all time. In January 2004, he was elected to be a Fellow (FCA) by the Institute of Chartered Accountants of British Columbia (ICABC) for service to the profession and the community.
President, Mackenzie Cundill Investment Management Ltd.
Ms. Pankratz was President of Mackenzie Cundill Investment Management Ltd. in Vancouver, Canada.
Prior to October 2006, she was the President of Cundill Investment Research Ltd. (2002-2006); an independent Corporate Advisor and Consultant (2000-2002); Chief Financial Officer/Turnaround Specialist of Evans Forest Products Ltd. (1997-1999); and an investment banker with Bankers Trust (BT Bank of Canada), Swiss Bank Corporation and Ernst & Young (1991- 1996).
In 2005, Ms. Pankratz was appointed Director of CanWest Global Communications Corp. and serves on the Audit and Pension Committees. The same year she became an advisor to the investment committees of Pacific Blue Cross and BC Life and Casualty Company. Since 2001, she has been a Director of the Insurance Corporation of British Columbia (ICBC) and serves as Chair of the Investment Committee, is a member of the Audit Committee and previously served on the Governance Committee (2001 – 2004). Between 2002 and 2004, Ms. Pankratz was also a member of the Accounting Policy and Advisory Committee advising the Ministry of Finance for the Province of British Columbia.
In 2005, Ms. Pankratz was awarded the Peak Award for Performance and Excellence from the Association of Women in Finance.
Ms. Pankratz attended the University of Western Ontario and achieved an Honours Bachelor of Arts in Business Administration from the Richard Ivey School of Business. She is a member of the Institute of Chartered Accounts of British Columbia, the Institute of Chartered Accounts of Ontario, the Vancouver Society of Financial Analysts, and the CFA Institute.