Fixed Income

The objective of our Fixed Income portfolios is to provide our clients with capital preservation, liquidity and superior, risk-controlled return relative to a benchmark.

We actively manage and add value to our portfolios in four principal ways:

Anticipating interest rates and positioning the duration accordingly
Anticipating the term structure of interest rates
Active investment in various credit sectors, both public and private markets
Active individual security selection

It is our belief that staying ahead of the curve, diversification and careful portfolio construction are key to success and managing risk. The team manages a diversified selection of portfolios and strategies seeking return and managing risk through prudent duration, curve, geographic, sector, issuer, and structural selection and diversification.

Fixed Income Leadership

Jason Chang

Senior Managing Director, Fixed Income

Jason Chang

Senior Managing Director, Fixed Income

A senior investment executive with over 25 years in the investment and portfolio management industry, Jason was formerly the Managing Director and Head of Fixed Income, Currencies & Commodities for the Ontario Teachers’ Pension Plan (OTPP), the largest single-profession pension plan in Canada. He led the team responsible for the overall fund’s exposures to these global asset classes and the related active investment programs. Previously, Jason held various other portfolio management and investment-related responsibilities spanning global credit products, debt issuance, counterparty credit management and liquidity management.

Jason has been active in many professional associations including the Canadian Fixed-Income Forum which was established by the Bank of Canada, and the Fixed Income Advisory Committee for the Investment Industry Regulatory Organization of Canada (IIROC). He has been a member of the Board of Directors for the Canada Guaranty Mortgage Insurance Company as well as having acted as chair of their Investment Committee and served on the Board and Executive Committee for the Investor Leadership Network. He currently serves as a member of the Board of Directors for the Heart & Stroke Foundation of Canada.

In 2019, Jason was a recipient of Women in Capital Markets’ Champion of Change Award which recognizes excellence in leadership, commitment and creativity in advancing equality in the Canadian finance industry.

Jason is a graduate of the Ivey School of Business and has received the Chartered Financial Analyst (CFA) designation and he is a graduate of the ICD-Rotman Director Education Program and achieved his ICD.D designation.

Jim Daye

Senior Portfolio Manager, Money Markets & Currency Trading

Jim Daye

Senior Portfolio Manager, Money Markets & Currency Trading

Jim Daye leads a team of investment professionals responsible for managing money market assets and foreign exchange trade execution.

He joined AIMCo in 2006 and brings over 25 years of financial management and trading experience to this role.

Jim holds a BCom from the University of Alberta and a Chartered Financial Analyst (CFA) designation.

Laurie Harding

Managing Director, Private Placements

Laurie Harding

Managing Director, Private Placements

Laurie Harding joined AIMCo in 2016 to build organizational capabilities in private placement investment, drawing on extensive experience in the Banking and Life Insurance industries.

He oversees a team with global mandates to invest in traditional fixed income private placements, syndicated bank transactions and structured investment strategies.

Laurie holds a BCom from Saint Mary’s University as well as an MBA from Dalhousie University and is a Chartered Professional Accountant (CPA - CMA).

Doug Paul

Managing Director, Fixed Income

Doug Paul

Managing Director, Fixed Income

Doug Paul leads a team investing in bond portfolios and strategies for AIMCo’s clients.

Doug joined AIMCo in 2010 after previous experience in fixed income trading, treasury and the official sector.

He holds a BCom from McGill University and an MBA from Western University and is a Chartered Financial Analyst (CFA).

Don Povilaitis

Director, Credit Research

Don Povilaitis

Director, Credit Research

Don Povilaitis joined AIMCo in 2014 as Director, Credit Research within Fixed Income at AIMCo, leading a team of credit analysts in Edmonton and Toronto covering investment grade and high yield corporate debt issuers. In addition, Don is involved in special projects relating to artificial intelligence, investing in emerging markets and ESG.

Prior to joining AIMCo in 2014, he was Head of Equity and Credit research for seven years at BCI in Victoria, B.C. and before that he worked as a Director, Corporate Ratings at Standard & Poor’s in Toronto.

Don holds a BA (Economics) from McGill University in Montreal and an MBA from the Thunderbird School of Global Management in Glendale, Arizona.

Peter Shen

Managing Director, Private Debt & Loan

Peter Shen

Managing Director, Private Debt & Loan

Peter is responsible for leading private debt and loan investments globally across the capital structure. He is based in our London offices.

Peter joined AIMCo in 2010 upon the inception of Private Debt & Loan as a new asset class. He has previous experience with Citigroup and Royal Bank of Canada in Investment Banking, and CPPIB in Principal Credit Investments. Peter was trained and practiced in Engineering before his transition into Finance.

Peter holds a BCom (High Distinction) from the University of Toronto, a M.Sc. from the University of Alberta, and is a Certified Public Accountant (CPA).