About Fulcra
Fulcra Asset Management Inc. was founded upon the principles of patience, diligence and integrity.
We scour various corporate credit markets for unique and mispriced securities from which we build investment portfolios that seek to satisfy the risk and return requirements of our clients. We invest across multiple capital structures with a focus on North American companies.
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Products
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Fulcra Credit Opportunities Fund​
Our flagship fund has generated risk-adjusted returns for clients since 2009. The fund invests in idiosyncratic credit opportunities that fall primarily into three categories: core credit, event-driven and stressed/destressed. Macro risks are reduced by maintaining a low portfolio duration, hedging currency exposure and avoiding the use of leverage.
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Separately Managed Accounts (SMAs)
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Every investor has their own unique risk/reward requirements. Where our flagship fund provides a balanced exposure to various investment profiles, our credit SMAs can be tailored to the specific needs of each investor. This investment service is best suited for institutional, family office and ultra-high net worth investors.
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Team
Matt Shandro
Founder &
Portfolio Manager
Matt is a 30 year financial industry veteran. The funds he has managed have won multiple Canadian Hedge Fund Awards as well as awards from Lipper and FundGrade. He started his career as an equity sell side analyst before moving on to credit investing and asset management with multiple large Canadian investment firms including the Jim Pattison Group. His entrepreneurial spirit drove him to create Fulcra Asset Management where he prides himself in generating strong risk adjusted returns on behalf of his investors.
Adam Burns
Vice President - Investments
Adam joined Fulcra in 2024 after ten years of capital markets experience at two Canadian banks and two years of venture capital experience. He started his career as a trading floor analyst and held progressively senior roles in various groups including commodity derivatives and North American credit trading. Adam graduated with distinction from the Ivey Business School HBA program at Western University and holds both the Chartered Investment Manager and Chartered Market Technician designations.
Kelvin Kwong
Chief Compliance Officer
Prior to joining Fulcra, Kelvin was most recently the CFO and CCO of a Vancouver-based investment management firm, overseeing the firm’s finance, compliance and operations as the firm grew to $1 billion in assets under management. Kelvin graduated from the University of British Columbia with a Bachelor of Commerce and is a Chartered Public Accountant and Chartered Financial Analyst.
Giorgio Di Castro
Analyst & Dealing Representative
Giorgio graduated with a Bachelor of Commerce-Finance from the University of British Columbia, Sauder School of Business in 2020. He passed the CFA Level 1 exam in October 2021, obtained his CSC in January 2022 and is passionate about how financial markets operate and macroeconomic policy.
Imran Esmail
Research Analyst
Imran started his career with Fulcra and joined the firm in 2024 after completing internships at various buyside firms in Vancouver. He enjoys uncovering value in underfollowed and overlooked corners of the market. Imran graduated with distinction from Simon Fraser University with a Bachelor of Business Administration degree.
April Tan
Operations
April is an operations analyst with primary duties including fund accounting, investor relations and analytics. She has a dual degree; Bachelor of Science in Agribusiness Management and Bachelor in Business Administration - Accounting Management. She has worked for over 6 years in fund accounting services from financial institutions such as JP Morgan, Wells Fargo, Northern Trust & SGGG Inc.
