Company Overview

AGF Management Limited is a Canadian-based independent asset management firm operating primarily in the asset management and wealth management industries. The company provides investment solutions to individual investors, financial advisors, and institutional clients through a diversified lineup of mutual funds, alternative investments, exchange-traded funds, and separately managed accounts. AGF’s core revenue is generated from management fees tied to assets under management (AUM), with performance fees contributing in select strategies.

The firm is positioned as a diversified active manager with a strategic emphasis on alternatives and private markets alongside traditional public market strategies. Founded in 1957, AGF has evolved from a mutual fund-focused manager into a multi-platform investment firm, expanding its capabilities through acquisitions, partnerships, and internal development. Its long operating history, independent ownership structure, and focus on active management differentiate it from bank-owned competitors in Canada.

Business Operations

AGF’s operations are organized around multiple investment platforms that generate revenue primarily through investment management fees. Its principal business lines include AGF Investments, which offers mutual funds, ETFs, and institutional strategies; AGF Capital Partners, which focuses on private alternatives such as private equity, private credit, real assets, and infrastructure; and AGF Private Wealth, which delivers discretionary wealth management services to high-net-worth clients in Canada.

The company operates domestically across Canada and maintains international investment activities through global strategies, sub-advisory relationships, and alternative investment platforms. AGF controls proprietary investment processes across equities, fixed income, and alternatives, and maintains partnerships with global managers to enhance product breadth. Its operations are supported by regulated subsidiaries and distribution agreements across retail, advisor, and institutional channels.

Strategic Position & Investments

AGF’s strategy centers on diversification beyond traditional mutual funds, with a strong emphasis on alternatives and private markets to drive long-term growth and margin stability. A key pillar of this strategy is AGF Capital Partners, which houses private investment capabilities and includes stakes in specialized alternative managers. The firm has pursued targeted acquisitions and minority investments to expand expertise in private credit, infrastructure, and real assets.

Notable strategic investments and subsidiaries include AGF Capital, AGF Global Select, and ownership interests in alternative platforms such as Ridgewood Canadian Investment Grade Mortgage Fund and InstarAGF Asset Management, a joint venture focused on global infrastructure. AGF continues to invest in product innovation, including liquid alternatives and actively managed ETFs, while integrating environmental, social, and governance considerations into its investment processes.

Geographic Footprint

AGF is headquartered in Toronto, Canada, and its primary market is Canada, where the majority of its clients, assets, and distribution relationships are based. The firm has a national presence through advisor networks, institutional mandates, and private wealth offices across major Canadian cities.

Internationally, AGF maintains investment exposure and operational influence in the United States, Europe, and Asia through global investment strategies, research coverage, and alternative asset investments. While it does not operate an extensive retail distribution network outside Canada, its global footprint is reflected in portfolio holdings, institutional partnerships, and private market assets across multiple continents.

Leadership & Governance

AGF is led by an experienced executive team with long tenures in asset management and capital markets. The company maintains a governance structure aligned with Canadian public company standards and emphasizes long-term value creation, active risk management, and disciplined capital allocation as part of its leadership philosophy.

Key executives include:

• Kevin McCreadie – Chief Executive Officer
• Judy Goldring – Executive Chair
• John Kavanaugh – Chief Financial Officer
• David Stonehouse – President, AGF Investments
• Michael Scarfone – President & Chief Investment Officer, AGF Capital Partners

The leadership team emphasizes strategic diversification, investment excellence, and maintaining AGF’s independence as a core component of its corporate vision.