Overview
Firm Description
Cougar Global Investments Limited (Cougar Global) is an investment manager that utilizes
tactical asset allocation to construct globally diversified portfolios. Effective 4/30/15 Cougar
Global was acquired by Raymond James Financial, Inc. (NYSE:RJF) and in 2016 became an
affiliate of Raymond James Investment Management (formerly known as Carillion Tower
Advisors), a wholly-owned subsidiary of Raymond James Financial, Inc. Prior to 4/30/15
Cougar Global was an independent investment management firm not affiliated with any parent
organization. Cougar Global is registered as a Portfolio Manager with the Ontario Securities
Commission (OSC) and with the United States Securities and Exchange Commission (SEC) as
a Non-Resident Investment Advisor. Prior to 01/02/2013, the firm was named Cougar Global
Investments LP.
Ownership
Cougar Global is a wholly owned subsidiary of Raymond James International Canada (RJIC), a
wholly owned subsidiary of Raymond James International Holdings (RJIH) which is a wholly
owned subsidiary of Raymond James Financial (RJF), New York Stock Exchange (“NYSE”)
Ticker (RJF), based in St. Petersburg, Florida. RJF is a diversified financial services holding
company whose subsidiaries engage primarily in securities brokerage, investment banking,
asset management and banking services.
Types of Services
Cougar Global provides investment advisory services to the following groups of clients:
Certain sponsors have retained Cougar Global as an investment manager under a number of
Wrap Programs. Wrap Program clients typically enter into an investment advisory agreement
with the sponsor and the
sponsor enters into a sub-advisory agreement with Cougar Global to
provide portfolio management services to the Wrap Program. In these circumstances, the
sponsor is responsible for analyzing the financial needs of each particular Wrap Program client
and determining whether Cougar Global’s portfolio management services are suitable for that
client.
Asset Management Style
Since its founding in 1993, Cougar Global has specialized in global asset allocation and
adheres to a strict discipline of downside risk management (Postmodern Portfolio Theory). A
key concept in Postmodern Portfolio Theory is that only returns that fall below one’s target rate
of return are risky. Losing money inflicts the greatest harm on the compound growth of wealth.
Therefore, the goal is to continuously generate compound growth for clients by participating in
bull markets and avoiding bear markets. This exercise establishes us as global tactical asset
allocators.
Since each investor has specific investment objectives, the asset mix must be customized to fit
the particular situation. The discipline of downside risk management enables us to customize
mandates to suit specific needs of individual investors, including risk and return objectives,
income requirements, and time horizon.
Four mandates are available, in US Dollars. Global Tactical Strategy-Conservative, Global
Tactical Strategy-Conservative Growth, Global Tactical Strategy-Moderate Growth, Global
Tactical Strategy-Growth. Since the founding,
Assets Under Management
As of September 30, 2023, Cougar Global’s AUA (asset under advisory from non-discretionary
platform clients) are $ 1.4 billion.