Explore institutional insights
Explore institutional insights
Market update
Investor insights
Market update
Investor insights
Learn more about our investment group
Market update
Investor insights
Welcome to SLC Management site for institutional investors
Before you proceed, please select your location
MARCH 23, 2022
Eugene Lundrigan, president of SLC Management in Canada, discusses the firms commitment to the Progressive Aboriginal Relations certification program, and what it means to him professionally and personally.
Steve Peacher: Hi everybody it's Steve Peacher, thanks for listening to this episode of “Three in Five,” and today I’m with Eugene Lundrigan who's President of SLC Canada, so Eugene, thank you for taking a couple of minutes.
Eugene Lundrigan (He/Him): Thanks, Steve.
Steve Peacher: Today we want to talk about something that’s actually really important to us, it’s really important in Canada, I think increasingly now corporate entities around the world are expected to take, to be active, socially active when it comes to social justice and other causes. And we're seeing that everywhere, we're seeing it in Canada, we're seeing it in the U.S., and one of the big movements in Canada relates to indigenous peoples and aboriginal relations and there's an organized program around that and that's what we're going to talk about today, and Eugene’s involved in that from Sun Life’s perspective and SLC’s perspective. So, Eugene we want to talk about this “Progressive Aboriginal Relations,” PAR certification. So, let's talk, if you just explain to the audience what is that?
Eugene Lundrigan (He/Him): Great thanks Steve, and thanks for having me on today. So, first PAR certification, I mean fundamentally it's about you know crystallizing our commitment to pursuing partnerships with indigenous communities. It's offered by the Canadian Council for Aboriginal Business and really centers on four key performance drivers: leadership action, employment, business development and community. Some of the actions that involved in it include thing doing things like providing cultural awareness to our employees, building our knowledge of indigenous history, including colonization. But really it goes far beyond that it's really about being good community partner, ensuring we are hiring and developing indigenous talent, working with indigenous’ own communities and really beyond that. It takes, it takes up to seven years to be fully certified, just recently started this journey in 2021 and we are very committed to seeing it through.
Steve Peacher: So, let me, let me just ask a kind of a provocative question then, if you look at SLC Management, an asset management entity, operates in the financial markets and the private markets, why is this initiative important to SLC Management and firms like ours?
Eugene Lundrigan (He/Him): Yea, Steve we've been very vocal about our intentions to foster a diverse, equitable and inclusiveness in our in our work in our workplace, I think we believe that that just leads to better outcomes for us, for our clients, for employees, communities where we live and work. And so, under the DE&I umbrella, one of the things that we've chosen to focus on is reconciliation with indigenous communities. Two key steps on that journey are learning about our shared history. But also working towards building a more prosperous community between indigenous and non-indigenous people. Really in Canada, a watershed moment if I can put it that way in, indigenous relations was the publishing in 2015 of 94, 94 calls to action by a truth and reconciliation commission. Through our PAR certification process, we're focusing on call-to-action number 92, which is business and reconciliation. And under that umbrella, we're going to be focused on things like ensuring that we're providing you know meaningful consultation and building respectful relationships before proceeding with economic development projects, that we're providing access to jobs and training and education in the corporate sector, and helping indigenous communities get long term benefits from economic development projects and providing education and training for our staff in areas like indigenous history and culture.
Steve Peacher: You mentioned that this, to get fully certified can take up to seven years so there's a lot of work that goes into this and obviously you've gotten very involved from an SLC perspective. So, what's driving that? I guess if you put two hats on there's the President of SLC Canada hat, there's your own personal hat. You know you've been wanting to take this on – what's driving?
Eugene Lundrigan (He/Him): You know Steve for my whole life frankly, you know I sat back and hear lots of reports about the challenges with indigenous communities in areas like the lack of clean drinking water, poor health care, poor access to education, high suicide rates and I think this was hit home even more so for me during the pandemic, as probably many other Canadians, and we heard all the announcements about your residential schools and the tragedies that have happened at them. So, for me, it just felt like this was a time to act, and I was trying to find a place where I could make a tangible difference. You know where I’ve been focusing a lot of my intention, at least initially, has been around education. Tried to learn more about our indigenous communities, you know read some books on residential schools, residential school survivors. I’ve learned more about the Indian Act and the injustices built into it. I’ve listened to lots of podcasts. But honestly, I’ve still got a long ways to go and I certainly encourage anybody who's listening to this podcast to spend a little bit of time learning about indigenous history and on colonization in Canada. And I felt like a really strong second step was to lead the PAR initiative for SLC Management in partnership with Sun Life. One of the things that I’m personally passionate about is youth and mentorship and one of my hopes is that, through participation in PAR I’ll have some opportunity to work directly with some indigenous communities.
Steve Peacher: That's fantastic. Eugene, let me ask, I like to end with one personal question. What actually it does relate to this whole topic and it relates to the band The Tragically Hip. I should not be talking about anything with the word ‘hip’ in it, but, but the lead singer Gord Downie was, I think, well known for being at the forefront of reconciliation with indigenous communities and I don't know what the story is, but I understand that you've got a story from the early days of The Tragically Hip, so you can relay it to our audience.
Eugene Lundrigan (He/Him): Absolutely, so Steve in my third-year of university going back a long time now, I was leading a social community that was looking to bring a band in to my residence for a fundraiser. And one of my floormates was from Kingston, Ontario, where The Tragically Hip is from, and he said that some of his friends just formed a band called The Tragically Hip. And he said that they would play our fundraiser in return for us paying for their equipment rental and a small nominal fee. And I’d say in one of my fits of lesser judgment I deemed that that wasn't a fair cost for them to do that and I and I turned down that offer, and I can honestly say in retrospect, not my best decision. Luckily for the band, though they seem to bounced back from that early, uh…
Steve Peacher: The early rejection?
Eugene Lundrigan (He/Him): The early rejection. Based on a quick Wikipedia search, they've sold 6 million albums in Canada alone, they've won 14 Juno awards and they've been on a commemorative stamp, so they have done okay after that start. And certainly, while I’m not proud of that decision, you know I really hope that I can do some good work in this area, frankly, help honor Gord Downie’s legacy. I look forward to helping do my part around indigenous reconciliation in Canada.
Steve Peacher: Well, at least you got a good story out of it, it would have been a better story if you'd actually brought them in to play but it’s a good story, nonetheless. Well, listen thanks for talking about this, it’s a really important initiative it's going to be an important initiative for a long time as we move toward this certification. And so, you know, thanks for spending some time today on it and thanks everyone for listening, I hope you got a lot out of that. Thank you.
Eugene Lundrigan (He/Him): Great, thanks, Steve.
This podcast is intended for institutional investors. The information in this podcast is not intended to provide specific financial, tax, investment, insurance, legal or accounting advice and should not be relied upon and does not constitute a specific offer to buy and/or sell securities, insurance or investment services. Investors should consult with their professional advisors before acting upon any information contained in this podcast. This podcast may present materials or statements which reflect expectations or forecasts of future events. Such forward-looking statements are speculative in nature and may be subject to risks, uncertainties and assumptions and actual results which could differ significantly from the statements. As such, do not place undue reliance upon such forward-looking statements. All opinions and commentary are subject to change without notice and are provided in good faith without legal responsibility.
About SLC Management
SLC Management is the brand name for the institutional asset management business of Sun Life Financial Inc. (“Sun Life”) under which Sun Life Capital Management (U.S.) LLC in the United States, and Sun Life Capital Management (Canada) Inc. in Canada operate.
Sun Life Capital Management (Canada) Inc. is a Canadian registered portfolio manager, investment fund manager, exempt market dealer and in Ontario, a commodity trading manager. Sun Life Capital Management (U.S.) LLC is registered with the U.S. Securities and Exchange Commission as an investment adviser and is also a Commodity Trading Advisor and Commodity Pool Operator registered with the Commodity Futures Trading Commission under the Commodity Exchange Act and Members of the National Futures Association.
BentallGreenOak, InfraRed Capital Partners (InfraRed), Crescent Capital Group (Crescent), and Advisors Asset Management are also part of SLC Management.
BentallGreenOak is a global real estate investment management advisor and a provider of real estate services. In the U.S., real estate mandates are offered by BentallGreenOak (U.S.) Limited Partnership, who is registered with the SEC as an investment adviser, or Sun Life Institutional Distributors (U.S.) LLC, an SEC registered broker-dealer and a member of the Financial Industry Regulatory Authority (“FINRA”) . In Canada, real estate mandates are offered by BentallGreenOak (Canada) Limited Partnership, BGO Capital (Canada) Inc. or Sun Life Capital Management (Canada) Inc. BGO Capital (Canada) Inc. is a Canadian registered portfolio manager and exempt market dealer and is registered as an investment fund manager in British Columbia, Ontario and Quebec.
InfraRed Capital Partners is an international investment manager focused on infrastructure. Operating worldwide, InfraRed manages equity capital in multiple private and listed funds, primarily for institutional investors across the globe. InfraRed Capital Partners Ltd. is authorized and regulated in the UK by the Financial Conduct Authority.
Crescent Capital Group is a global alternative credit investment asset manager registered with the U.S. Securities and Exchange Commission as an investment adviser. Crescent provides private credit financing (including senior, unitranche and junior debt) to middle-market companies in the U.S. and Europe, and invests in high-yield bonds and broadly syndicated loans.
Securities will only be offered and sold in compliance with applicable securities laws.
AAM is an independent U.S. retail distribution firm that provides a range of solutions and products to financial advisors at wirehouses, registered investment advisors and independent broker-dealers.
Website content
The content of this website is intended for institutional investors only. It is not for retail use or distribution to individual investors. All investments involve risk including the possible loss of capital. This website is for informational and educational purposes only. Past performance is not a guarantee of future results.
The information contained in this website is not intended to provide specific financial, tax, investment, insurance, legal or accounting advice and should not be relied upon and does not constitute a specific offer to buy and/or sell securities, insurance or investment services. Investors should consult with their professional advisors before acting upon any information contained on this website. The assets under management (AUM) represent the combined AUM of Sun Life Capital Management (Canada) Inc., Sun Life Capital Management (U.S) LLC, BentallGreenOak, InfraRed Capital Partners, and Advisors Asset Management.
AUM as of June 30, 2023. Total firm AUM includes approximately $32B in cash, other, unfunded commitments, and Advisors Asset Management equity. Total firm AUM excludes $37.6 billion in assets under administration by AAM.
Currency conversion rate: USD $1.00 CAD $1.3236 as of June 30th, 2023.
SLC Management Newsroom: SLC-20221101-2566004
UK Tax Strategy - InfraRed (UK) Holdco 2020 Limited
InfraRed (UK) Holdco 2020 Ltd is the UK holding company of InfraRed Partners LLP and a subsidiary of Sun Life (U.S.) Holdco 2020 Inc, which has its headquarters in the U.S. The company was incorporated to purchase InfraRed Partners LLP and acts solely as a passive holding company. The Tax Strategy for the InfraRed Holdco Group sets out our approach to the management of InfraRed Holdco Group UK tax affairs in supporting business activities in the UK.
This UK tax strategy is published in accordance with the requirements set out in Schedule 19 of Finance Act 2016. The strategy, which has been approved by the Board of Directors of InfraRed (UK) Holdco 2020 Ltd, is effective for the period ending 31 December 2023. It applies to InfraRed (UK) Holdco 2020 Ltd and its dormant subsidiary Sun Life (UK) Designated Member Ltd, referred to as the “InfraRed Holdco Group”. InfraRed Holdco Group.