Lightwater Partners

Minimize Directional Risk

We don’t make big ‘calls’ on the market or a commodity or sector.

Absolute Returns

Returns irrespective of market performance.

Lower Correlation and Volatility

Risk mitigation in highly volatile times.


Lightwater Partners is an independent Toronto-based investment manager founded in 2007. We manage funds on behalf of individuals, families, Investment Advisors, family offices and corporations, both domestically and internationally. Lightwater Partners is registered in Canada with the Ontario Securities Commission as a Portfolio Manager, Investment Fund Manager, and Exempt Market Dealer.

Our investment focus is mid-Cap Canadian stocks. We seek to identify “uncrowded” or under-followed companies that are under-valued or over-valued by the market. This approach has allowed Lightwater to outperform Canadian equity markets over the past 12 years while exhibiting lower risk and volatility than the market. To maintain a lower-risk profile, we have portfolio protection in place at all times: short positions are used to hedge long investments.

We offer two funds: the flagship Lightwater Long Short Fund which focuses on Canadian mid-cap and large cap names and the Nimble Fund which focuses on small cap and mid cap names. Both funds accept investments for RRSP, TFSA, RRIF and other registered accounts.