Renowned investment fund manager Peter Cundill has passed away.

The much-decorated value investor sold the firm that carried his name to Mackenzie Financial in 2006, and he became chairman emeritus of Mackenzie Cundill in 2009.

In 2001, Cundill was Investment Executive‘s fund manager of the year. That same year he was also feted by the Canadian Investment Awards with the Analysts’ Choice Career Achievement Award.

According to a memorial notice published Thursday, Cundill was born in Montreal in October 1938. He earned a Bachelor of Commerce degree from McGill University in 1960, and earned a Chartered Accountant designation before joining the investment business. He worked at Greenshields Inc. in Montreal and the Yorkshire Group in Vancouver, before becoming president of AGF Vancouver Investment Management Ltd. in 1972 (until 1975).

In 2006, Cundill was diagnosed with Fragile X Tremor/Ataxia Syndrome, an as yet untreatable neurological condition. In that same year, he sold the remaining 5% of his firm to Mackenzie.

Shortly before Cundill died, he completed a book, There’s Always Something To Do – The Peter Cundill Investment Approach, which is scheduled to be released at the end of February.

Memorial services will be held in Vancouver, Toronto and London at dates to be announced. Condolences to peter.cundill.family@gmail.com.

IE