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Catalysts matter
The team invests in undervalued businesses with a clear path to value realization — not just because a stock is cheap.
Mackenzie Cundill Team
Realizing value by investing with experience, conviction and patience
Mackenzie Cundill Team
Featured funds
Undervalued businesses. Actively positioned for total return.
The Mackenzie Cundill Team follows a disciplined value approach, investing in businesses trading below intrinsic value where change can unlock opportunity. Combining bottom-up fundamental research with a catalyst-driven approach and a macro-aware framework, the team actively positions across the value spectrum to pursue competitive total returns through changing market conditions.
Active value, built to adapt
A macro-aware framework helps the team adjust exposure across durable, cyclical and deep value through changing market conditions, with a focus on total return.
Conviction, backed by discipline
A structured process with clear buy and sell criteria, position sizing discipline and a margin of safety helps the team act decisively as market condition and investment theses evolve.
Meet our team
Richard Wong, CFA
Managing Director, Portfolio Manager, Head of Mackenzie Cundill Team
Mackenzie Cundill Team
Investment experience since 1994
Richard joined Mackenzie Investments in 2016 and brings more than 25 years of investment experience. He is responsible for portfolio construction and final investment decisions, with sector expertise in financial services and energy.
Before joining Mackenzie, Richard spent 18 years at an institutional value investment firm. During that time, he advanced from equity analyst to lead portfolio manager of international and US equities. He began his career in the corporate and investment banking division of a major Canadian bank.
Richard holds a Bachelor of Commerce in Finance, with honours, from the University of British Columbia and is a CFA charterholder.
Rami Nasser, MBA,CFA
Assistant Vice President, Portfolio Manager, Mackenzie Cundill Team
Mackenzie Cundill Team
Investment experience since 2019
Rami joined Mackenzie Investments in 2018 and was promoted to Associate Vice President, Portfolio Manager in January 2024. He brings investment industry experience dating back to 2009, with a focus on equity research across Canadian and US markets.
Before joining Mackenzie, Rami held investment analyst roles at a leading Canadian high-net-worth investment management firm and a large institutional investment management company. His coverage included Canadian and US equities, including small-cap Canadian companies. He began his career on the sell side as a research associate covering technology stocks.
Rami holds an MBA and a Bachelor of Electrical Engineering from Dalhousie University. He is a CFA charterholder.
Featured Funds
Mutual fund
Mackenzie Cundill Canadian Balanced Fund
Mutual fund
Mackenzie Cundill Canadian Security Fund
Our insights
Article
Value investing in today’s Canadian and global markets
Positive rates are making valuation discipline more relevant. Explore how value investing broadens the opportunity set for investors today.
Perspective
The Mackenzie value spectrum
There’s more than one way to invest in value. Mackenzie offers a suite of distinct funds across three proven boutiques — each with its own philosophy and approach to value investing.
Commentary
Monthly Commentaries – Mackenzie Cundill Team
Read the latest to learn about their analysis of key market risks and opportunities.
Article
The Cundill team’s approach towards responsible investing
Cundill acknowledges that environmental, social and governance (ESG) risks can negatively impact the value of a company. Therefore, the team integrates ESG risks into their bottom-up security selection process.
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Our funds
Innovative solutions designed to help your clients achieve their goals in today's market.
Mackenzie Cundill Value Fund
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Legal disclaimer
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The content of this web page (including facts, views, opinions, recommendations, descriptions of or references to, products or securities) is not to be used or construed as investment advice, as an offer to sell or the solicitation of an offer to buy, or an endorsement, recommendation or sponsorship of any entity or security cited. Although we endeavour to ensure its accuracy and completeness, we assume no responsibility for any reliance upon it.