Letko Brosseau
Letko, Brosseau & Associates Inc. is a firm of investment managers. It was founded in 1987. As of 31 December 2018, the firm managed $27 billion in assets for more than 420 institutional investors and several thousand private clients. In 2019, the firm had offices in Montreal, Toronto and Calgary.
Letko Brosseau was once a significant investor in the ill-fated British construction firm Carillion. It exited the ownership of WestJet in 2019, after Onex Corporation took the company private for $31 a share.
In December, 2019, the firm rejected Jim Pattison's $16-a-share cash bid to acquire lumber company Canfor, saying the offer undervalued the company. Letko Brosseau held 4.8 percent of Canfor stock as of December 16, 2019.
