Hedge fund manager short Bombardier, long U.S. dollar plays

Location Date: 
Financial Post, January 2015

Like many fund managers these days, James Hodgins is focusing on Canadian companies that benefit from a stronger U.S. dollar.

The loonie, after all, has fallen to US82¢ from roughly par about 18 months ago. But that factor is only part of the stock-picking process for the chief investment officer of Toronto-based CHS Asset Management. 

“We look for unique opportunities where a particular macro change is expected to have a bigger impact on the company than the market is giving it credit for,” Hodgins said. “We won’t just buy a company for its U.S. exposure; it also has to have positive internal factors going for it.” 

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