Connor Clark & Lunn Investment Management Ltd
- Regulatory AUM
- $85.6B
- Discretionary
- $85.6B
- Clients
- 207
- Avg AUM / client
- $413M
- Accounts
- 362
- Employees
- 155
AUM over time
Annual snapshots from Form ADV filings · as of Jun 26, 2026
Asset allocation (SMA assets by investment type)
as of Jun 26, 2026Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | Fewer than 5 clients | $40.7M | 0.05% |
| Pooled investment vehicles (non-investment companies) | 28 | $30.0B | 35.0% |
| Pension and profit sharing plans | 91 | $13.5B | 15.8% |
| Charitable organizations | 33 | $1.6B | 1.87% |
| State or municipal government entities | 23 | $18.3B | 21.4% |
| Other investment advisers | Fewer than 5 clients | $5.9B | 6.93% |
| Insurance companies | 14 | $10.4B | 12.1% |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $4.7B | 5.47% |
| Corporations and other businesses | 18 | $1.2B | 1.37% |
| Other | Fewer than 5 clients | $22.3M | 0.03% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $1.5B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Cc&L Q Global Equity Market Neutral Master Fund Ltd. master | Hedge Fund | Cayman Islands | $977M | 2 |
| Cc&L Q Emerging Markets Equity Fund Lp | Other Private Fund | Delaware | $525M | 8 |
People (16)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Gerber, Martin, Luis | Director & President | Mar 1999 (27y) | Less than 5% | |
| Stoddart, John, Warren | Director & Vice President | Mar 1999 (27y) | Less than 5% | |
| Cotterill, Phillip, John | Director & Vice President | Mar 2003 (23y) | Less than 5% | |
| Robitaille, Patrick, David | Corporate Secretary | Feb 2004 (23y) | Less than 5% | |
| Baker, Gary, Norman | Director | Mar 2006 (20y) | Less than 5% | |
| Huang, Steven, Benard | Director And Vice President | Feb 2009 (18y) | Less than 5% | |
| Crowe, Derrick, Paul | Chief Compliance Officer | Jan 2014 (13y) | Less than 5% | |
| Hasenauer, Eric, Roman | Sn. Vice President,Co Head | Jul 2014 (12y) | Less than 5% | |
| Simonette, Gary, J | Vice President | Jul 2014 (12y) | Less than 5% | |
| Reynolds, Stephen, Edward | Vice President | Jul 2017 (9y) | Less than 5% | |
| Marzec, Timothy, Michael | Vice President | Jun 2018 (8y) | Less than 5% | |
| Drake, Jennifer | Director | Mar 2019 (7y) | Less than 5% | |
| George, David, Ellis | Director | Mar 2020 (6y) | Less than 5% | |
| Walsh, Michael, John | Director | Mar 2020 (6y) | Less than 5% | |
| Ricketts, John, Wyatt | Sn. Vice President,Co Head | Mar 2022 (4y) | Less than 5% | |
| Zimcik, Andrew, David | Director | Mar 2022 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Connor, Clark & Lunn Investment Management Partnership | Partnership | Feb 1994 | A | 75% or more |
| Connor, Clark & Lunn Financial Group Ltd. | Partner | Jan 2015 | B | ≈ 10.55% – 50% via Connor, Clark & Lunn Financial Group Investment Partnership |
| Connor, Clark & Lunn Financial Group Investment Partnership | Partner | Jan 2015 | B | ≈ 14.06% – 50% via Connor, Clark & Lunn Financial Group Lp |
| Connor, Clark & Lunn Financial Group Lp | Partner | Jan 2013 | B | ≈ 18.75% – 50% via Connor, Clark & Lunn Investment Management Partnership |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Connor, Clark & Lunn Financial Group Ltd.: 75% – 100% of Connor, Clark & Lunn Financial Group Investment Partnership × 75% – 100% of Connor, Clark & Lunn Financial Group Lp × 25% – 50% of Connor, Clark & Lunn Investment Management Partnership × 75% – 100% direct ≈ 10.55% – 50% of the firm
- Connor, Clark & Lunn Financial Group Investment Partnership: 75% – 100% of Connor, Clark & Lunn Financial Group Lp × 25% – 50% of Connor, Clark & Lunn Investment Management Partnership × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Connor, Clark & Lunn Financial Group Lp: 25% – 50% of Connor, Clark & Lunn Investment Management Partnership × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $1.5B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Cc&L Q Global Equity Market Neutral Master Fund Ltd. | Hedge Fund | $977M | $10.0M | 2 |
| Cc&L Q Emerging Markets Equity Fund Lp | Other Private Fund | $525M | $10.0M | 8 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/26/2026 | 4.51 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. ("CC&L") FAILED TO REPORT A SHORT POSITION IN ASTEK A/S WITHIN THE REQUIRED TIME PERIOD. THE REPORTING WAS DUE ON MARCH 19, 2018 AND WAS SUBMITTED BY CC&L'S THIRD PARTY SERVICE PROVIDER ON MARCH 22, 2018. THE DELAY WAS THE RESULT OF THE SERVICE PROVIDER HAVING INCORRECT SHARES OUTSTANDING INFORMATION COMBINED WITH TIME ZONE DIFFERENCES BETWEEN CC&L (CANADA), THE REGULATOR (FINLAND) AND THE SERVICE PROVIDER (AUSTRALIA). Status: Final Sanction Detail: BY A DECISION MADE ON MARCH 7, 2019, FINANSTILSYNET HAS DECIDED THAT CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. SHALL PAY A PENALTY FEE OF NOK 20 000. THE APPEAL PERIOD FOR THE PENALTY FEE EXPIRED ON MARCH 28, 2019; AN INVOICE FOR THE PENALTY FEE HAS BEEN RECEIVED AND PAID. Summary: BY A DECISION MADE ON MARCH 7, 2019, FINANSTILSYNET HAS DECIDED THAT CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. SHALL PAY A PENALTY FEE OF NOK 20 000. THE APPEAL PERIOD FOR THE PENALTY FEE EXPIRED ON MARCH 28, 2019; AN INVOICE FOR THE PENALTY FEE HAS BEEN RECEIVED AND PAID.
Allegations: CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. ("CC&L") FAILED TO REPORT SHORT POSITIONS WITHIN THE REQUIRED TIME PERIOD ON FIVE OCCASSIONS BETWEEN JULY 2019 AND APRIL 2020. ON ONE OCCASSION, CC&L DID NOT CANCEL A FILING THAT WAS MADE IN ERROR (INCORRECT YEAR). THE ISSUE WAS IDENTIFIED BY CC&L AND THE CORRECT FILING WAS SUBMITTED ON TIME. ON THE OTHER OCCASSIONS, THE FILINGS WERE SUBMITTED BETWEEN 7 MINUTES AND 1 BUSINESS DAY LATE. THE DELAYS WERE EITHER THE RESULT OF THE SERVICE PROVIDER HAVING INCORRECT SHARES OUTSTANDING INFORMATION OR DUE TO PROCESSING DELAYS. Status: Final Sanction Detail: BY A DECISION MADE ON FEBRUARY 24, 2021, FINANSTILSYNET HAS DECIDED THAT CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. SHALL PAY A PENALTY FEE OF NOK 40 000. THE APPEAL PERIOD FOR THE PENALTY FEE EXPIRED ON MARCH 17, 2021; AN INVOICE FOR THE PENALTY FEE HAS BEEN RECEIVED AND PAID. Summary: BY A DECISION MADE ON FEBRUARY 24, 2021, FINANSTILSYNET HAS DECIDED THAT CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. SHALL PAY A PENALTY FEE OF NOK 40 000. THE APPEAL PERIOD FOR THE PENALTY FEE EXPIRED ON MARCH 17, 2021; AN INVOICE FOR THE PENALTY FEE HAS BEEN RECEIVED AND PAID.
Allegations: CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD.("CC&L") FAILED TO REPORT A SHORT POSITION IN ELTEL AB WITHIN THE REQUIRED TIME PERIOD. THE REPORTING WAS DUE ON JULY 6, 2017 AND WAS SUBMITTED BY CC&L'S 3RD PARTY SERVICE PROVIDER ON JULY 7, 2017. THE DELAY WAS THE RESULT OF THE SERVICE PROVIDER HAVING INCORRECT SHARES OUTSTANDING INFORMATION COMBINED WITH TIME ZONE DIFFERENCES BETWEEN CC&L (CANADA), THE REGULATOR (SWEDEN) AND THE SERVICE PROVIDER (AUSTRALIA). THE LATE FILING WAS IDENTIFIED BY CC&L ON JULY 6, 2017 AND THE REPORT WAS FILED BY THE SERVICE PROVIDER THE FOLLOWING DAY. Status: Final Sanction Detail: BY A DECISION MADE ON SEPTEMBER 26, 2019, FINANSINSPEKTIONEN HAS DECIDED THAT CONNOR, CLARK LUNN INVESTMENT MANAGEMENT LTD. SHALL PAY A PENALTY FEE OF SEK 5 000 FOR THE FAILURE TO REPORT A NEW SHORT POSITION IN ELTEL AB WITHIN THE TIME LIMIT PRESCRIBED BY LAW. THE APPEAL PERIOD FOR THE PENALTY FEE EXPIRED ON OCTOBER 17, 2019; AN INVOICE FOR THE PENALTY FEE HAS BEEN RECEIVED AND PAID. Summary: BY A DECISION MADE ON SEPTEMBER 26, 2019, FINANSINSPEKTIONEN HAS DECIDED THAT CONNOR, CLARK LUNN INVESTMENT MANAGEMENT LTD. SHALL PAY A PENALTY FEE OF SEK 5 000 FOR THE FAILURE TO REPORT A NEW SHORT POSITION IN ELTEL AB WITHIN THE TIME LIMIT PRESCRIBED BY LAW. THE APPEAL PERIOD FOR THE PENALTY FEE EXPIRED ON OCTOBER 17, 2019; AN INVOICE FOR THE PENALTY FEE HAS BEEN RECEIVED AND PAID.
Allegations: CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. ("CC&L") FAILED TO REPORT A SHORT POSITION IN RECIPHARMA AB WITHIN THE REQUIRED TIME PERIOD. THE REPORTING WAS DUE ON JULY 10, 2017 AND WAS SUBMITTED BY CC&L'S 3RD PARTY SERVICE PROVIDER ON JULY 12, 2017. THE DELAY WAS THE RESULT OF THE SERVICE PROVIDER HAVING INCORRECT SHARES OUTSTANDING INFORMATION COMBINED WITH TIME ZONE DIFFERENCES BETWEEN CC&L (CANADA), THE REGULATOR (SWEDEN) AND THE SERVICE PROVIDER (AUSTRALIA). THE LATE FILING WAS IDENTIFIED BY CC&L ON JULY 11, 2017 AND THE REPORT WAS FILED BY THE SERVICE PROVIDER THE FOLLOWING DAY. Status: Final Sanction Detail: BY A DECISION MADE ON SEPTEMBER 26, 2019, FINANSINSPEKTIONEN HAS DECIDED THAT CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. SHALL PAY A PENALTY FEE OF SEK 5 000 FOR THE FAILURE TO REPORT A NEW SHORT POSITION IN RECIPHARM AB WITHIN THE TIME LIMIT PRESCRIBED BY LAW. THE APPEAL PERIOD FOR THE PENALTY FEE EXPIRED ON OCTOBER 17, 2019; AN INVOICE FOR THE PENALTY FEE HAS BEEN RECEIVED AND PAID. Summary: BY A DECISION MADE ON SEPTEMBER 26, 2019, FINANSINSPEKTIONEN HAS DECIDED THAT CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. SHALL PAY A PENALTY FEE OF SEK 5 000 FOR THE FAILURE TO REPORT A NEW SHORT POSITION IN RECIPHARM AB WITHIN THE TIME LIMIT PRESCRIBED BY LAW. THE APPEAL PERIOD FOR THE PENALTY FEE EXPIRED ON OCTOBER 17, 2019; AN INVOICE FOR THE PENALTY FEE HAS BEEN RECEIVED AND PAID.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- State Street $14.3B (17% of AUM) Jun 2026
- RBC $10.4B (12% of AUM) Jun 2026
- BNY Mellon $7.6B (16% of AUM) Feb 2025
- Cibc Mellon Global Securities Services $6.9B (8% of AUM) Jun 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 26, 2026.
View current Form ADV (SEC/IAPD) ↗