Peter_Cundill

Peter Cundill

Peter Cundill

Canadian businessman (1938–2011)

Francis Peter Cundill (October 1938 – January 24, 2011) was a Canadian value investor. He was most noted for his flagship investment fund, Cundill Value Fund. Cundill was a follower of the Benjamin Graham investment style.

Quick Facts Francis Peter Cundill, Born ...

Biography

Peter Cundill was born in Montreal, Quebec in October 1938,[1] and was educated at Lower Canada College. He completed a Bachelor of Commerce degree from McGill University in 1960. He then qualified as a Chartered Accountant (1963) and a Chartered Financial Analyst Charter Holder (1968),[2] which lead to a career in the investment management business. Cundill worked at Greenshields Inc. in Montreal and the Yorkshire Group in Vancouver[3] In 2006 Cundill was diagnosed with Fragile X Tremor/Ataxia Syndrome,[1] an as yet untreatable neurological condition. Cundill died on January 24, 2011, in London.[1]

Investment career

  • 1974, Cundill started Peter Cundill & Associates Ltd. and Cundill Value Fund was founded.[4]
  • 1998, Mackenzie Investments acquired Cundill Funds Inc.[5]
  • 2006, Cundill sold the remaining 5% of his firm to Mackenzie.[5]
  • 2009, Cundill retired from daily operational fund management, becoming Chairman Emeritus of Mackenzie Cundill.[6]

Recognition

  • In 2001, Cundill was presented the Canadian Investment Awards Analysts' Choice Career Achievement award[7] in recognition of proven superior performance and his lifetime contribution to the financial community.
  • In 2003, Cundill was presented the Fund Manager of the Year award.[8]
  • In 2004, Cundill was honoured with a fellowship by the Institute of Chartered Accountants of British Columbia (ICABC).[9]
  • In 2008, Cundill established the Cundill International Prize in History at McGill, which is "awarded annually to an author who has published a book determined to have a profound literary, social and academic impact on the subject".[10]
  • Cundill was an Advisory Board Member for the Ben Graham Centre for Value Investing at the Ivey School of Business.[2]

Selected publications

  • There's Always Something to Do: The Peter Cundill Investment Approach, Christopher Risso-Gill, ISBN 978-0-7735-3863-4
  • Routines and Orgies: The Life of Peter Cundill, Financial Genius, Philosopher, and Philanthropist, Christopher Risso-Gill, Publishing Date November 2014, ISBN 9780773544727

References

  1. [1]
    About F. Peter Cundill – In Memoriam Archived 2014-10-02 at the Wayback Machine, reviewed Feb. 2, 2012
  2. [2]
    Former Advisory Board Members, reviewed Feb. 2, 2012
  3. [3]
    People – Global value investor Peter Cundill dies – Article – investmentexecutive.com, reviewed Feb. 2, 2012, reviewed Feb. 2, 2012
  4. [4]
    MACKENZIE NEWS – Peter Cundill, 1938–2011, reviewed Feb. 2, 2012
  5. [5]
    Morningstar: Mackenzie investors are among the winners as Peter Cundill cashes in | Fund Watch, reviewed Feb. 2, 2012
  6. [6]
    MACKENZIE FINANCIAL CORPORATION | Peter Cundill to become Chairman Emeritus with Mackenzie Cundill, reviewed Feb. 2, 2012
  7. [7]
    2001 | Morningstar Canadian Investment Awards, reviewed Feb. 2, 2012
  8. [8]
    Cundill named fund manager of the year, reviewed Feb. 2, 2012
  9. [9]
    ICABC: Chartered Accountants Honoured with Fellowships, reviewed on Feb. 2, 2012
  10. [10]
    McGill newsroom: Largest literary prize in history makes history, reviewed Feb. 2, 2012
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