Manitou Investment Management Ltd.

Manitou provides discretionary and non‑discretionary customized investment management primarily through separately managed accounts for U.S. clients and through advisory services to Non‑U.S. clients, including high net worth individuals, institutions (for example, foundations and pension portfolios), and pooled investment vehicles. The firm typically invests client assets in publicly traded equities and related instruments across developed markets and may use instruments such as forward contracts to manage foreign currency exposure.

Manitou implements concentrated, bespoke portfolios built from a limited number of investments and allocates client assets among proprietary equity mandates while honoring client‑specific restrictions and investment objectives. Its research process combines traditional fundamental analysis with third‑party tools — including certain AI‑based tools for preliminary research — and the firm uses a commission‑sharing/soft‑dollar arrangement to obtain external research and related services.

Distinctive elements in Manitou’s brochure include its SEC registration while advising a substantial Non‑U.S. client base and operating pooled investment vehicles that may not be available to U.S. investors, and the disclosure that certain Non‑U.S. clients may be charged performance‑based fees, with policies to address resulting allocation conflicts. The firm also notes institutional experience (including pension and foundation portfolios), a typical separately managed account minimum that may be waived, and written procedures for side‑by‑side trade allocation, proxy voting, and monitoring of potential conflicts.