Who Are We?
Fellow Doctors Interested in Helping our Colleagues Invest More Effectively
Our Story
We are former medical school classmates with a shared passion for value investing. We realize that most practicing physicians lack the time and inclination to manage their financial future. Many, like us, have been disappointed by conventional investment choices.
We believe that hard working professionals deserve better. To address this problem, we have designed an investment vehicle with our own retirement needs in mind: a fund with a multi-decade time horizon, reasonable fees and a laser-like focus on preservation of capital. Our methodology is based on the teachings of many revered value investing gurus such as Warren Buffett, Peter Cundill and Seth Klarman, while being further refined by contemporary evidence-based principles. The Osler Fund is named in honour of the father of modern medicine, Sir William Osler, arguably the most famous and respected Canadian physician, whether alive or dead. His guiding principles of integrity, pragmatism, and humility along with his legendary incisive inductive reasoning are attributes we admire and emulate.
Another important issue is our alignment with those who invest alongside us: we will invest the majority of our investable assets in the funds that we manage.
We believe that hard working professionals deserve better. To address this problem, we have designed an investment vehicle with our own retirement needs in mind: a fund with a multi-decade time horizon, reasonable fees and a laser-like focus on preservation of capital. Our methodology is based on the teachings of many revered value investing gurus such as Warren Buffett, Peter Cundill and Seth Klarman, while being further refined by contemporary evidence-based principles. The Osler Fund is named in honour of the father of modern medicine, Sir William Osler, arguably the most famous and respected Canadian physician, whether alive or dead. His guiding principles of integrity, pragmatism, and humility along with his legendary incisive inductive reasoning are attributes we admire and emulate.
Another important issue is our alignment with those who invest alongside us: we will invest the majority of our investable assets in the funds that we manage.
Dr. Lorne Porayko
|
Dr. David Wingnean
|
Drs. Lorne Porayko and David Wingnean together have over forty years of clinical medical practice and twenty years of practical financial management experience. We have partnered with an acclaimed value fund manager, Tim McElvaine, who has over 30 years of investment management experience and was former Chief Investment Officer for the famous Cundill mutual funds. McElvaine Investment Management Ltd (MIML) is the Manager and Investment Advisor to The Osler Fund. Drs. Porayko and Wingnean are part-time employees of MIML. Drs. Porayko and Wingnean are also Co-Founders of 3P Financial, a division of MIML, which is a business that facilitates professional pension plans in Canada.
About Us
|
Lorne Porayko, MD, FRCP(C), CIM
Lorne is a staff critical care physician and anaesthesiologist practicing in Victoria, BC for the past 18+ years. He is an Assistant Professor and an award-winning clinical teacher in the Island Medical School Program. He has done both clinical and volunteer work in Australia, Hong Kong, Vietnam and Ontario over his medical career. Lorne has twin intellectual passions: value investing and resuscitation medicine. He balances these with his devotion to his family and his closest friends. In his spare time, he analyzes companies, trains in Muay Thai alongside his lovely wife, Jennifer. |
|
David Wingnean, MD, CCFP, MBA (Finance)
David received his Medical, Family Medicine and Masters of Business Administration degrees from the University of British Columbia. In 2000, he became Senior Biotechnology and Healthcare Research Analyst with TD Securities . He led the TD research team coverage of the multi-billion dollar Canadian biotechnology sector. In 2005, he took on the role of Senior Vice-President of Medical Affairs and Corporate Communications with Isotechnika. In 2010, he co-founded William Osler Apex Partners, an investment club for Physicians and friends. He has sat on various medical committees. Dr. Wingnean is married with three daughters. The family are avid golfers and skiers. |
|
Tim McElvaine CA CFA
Tim is the founder and President of McElvaine Investment Management Ltd. Tim was previously Chief Investment Officer at Cundill Funds having worked with renown value investor Peter Cundill for many years. Tim has served on the Board of Directors of several publically listed companies including: Sun-Rype Products Ltd., Humpty Dumpty Snack Foods Inc., Rainmaker Entertainment Inc., and Glacier Media Inc. Tim has been a speaker at many value investing conferences including the Value Investing Seminar in Italy, Institute of Advanced Financial Planners Annual Symposium and The Ben Graham Centre's Value Investing Conference. In addition Tim is often quoted in The Globe and Mail and was featured in the investment book Stock Market Superstars. Tim and Kate live in Victoria where they try to keep up with their blended family of 8. |
