Faircourt Asset Management Inc. is an employee owned investment management company, widely recognized as an innovator in the Canadian fund industry. Faircourt was founded in 2002 and has established a reputation for innovative investment solutions. Faircourt created UIT Funds in 2016, offering unique investment themes for Canadian investors. The firm manages and advises closed end funds, mutual funds and institutional mandates with approximately $650 million in assets under administration.
Mr. Taerk is a co-founder of Faircourt Asset Management Inc. Mr. Taerk has been President and CEO since inception of Faircourt in 2002. From 1999 to 2001, Vice President and Managing Director for Charles Schwab Canada, Co., and a member of its Executive Committee. His responsibilities included leading the development of Investment Banking, Syndication as well as Institutional Research. Prior to that, Mr. Taerk was in the Corporate Finance group at Porthmeor Securities, where he worked from 1996 to 1999, rising to director in 1998.
During the period 1994 to 1996, Mr. Taerk founded Faircourt Capital Corporation, a boutique corporate finance advisory business, working with private Canadian companies. Prior to that, Mr. Taerk spent eight years with a major Canadian bank in the mid-market corporate lending area.
Mr. Taerk graduated with a Masters from the School of International Affairs at the Graduate School of the University of Pittsburgh in 1988. He received his B.A. from the University of Western Ontario in 1986.
Mr. Waterson brings over 10 years of financial management experience to the Trust. Prior to joining the Manager, Mr. Waterson worked as a Senior Supervisor at the Office of the Superintendent of Financial Institutions (Canada) (OSFI), where he was responsible for monitoring and conducting risk assessments of Schedule I banks. From 2000 to 2001, Mr. Waterson worked as an Analyst in the Investment Banking Group at Charles Schwab Canada, Co. where he was responsible for the initial review of prospective transactions as well as detailed due diligence, including analysis of financial models and business plans. Prior thereto he held several positions within the TD Bank Financial Group from 1996 to 1999, including two years as an investment advisor with TD Evergreen. Prior to his tenure as an investment advisor, Mr. Waterson held the position of Analyst, Finance at TD Bank Financial Group where he provided analysis and recommendations on a variety of financial issues and transactions such as securitization programs, and was involved in the management of TD Bank Financial Group’s regulatory capital.
Prior to his tenure at TD Bank Financial Group, Mr. Waterson held auditing positions at Deloitte & Touche from 1992 to 1994, and in the Office of the Provincial Auditor of Ontario from 1994 to 1996. Mr. Waterson holds his CFA Designation, and CPA, in addition to a B.Sc. from the University of Waterloo.