While working together at Confederation Life, John Watson, Peter Clark, and Ian Fyfe launch the Confederation Life International Common Stock Fund.

Through 1986 to 1991, real estate and stock market prices drastically inflate, notably in Japan, creating an economic bubble. In 1992, the bubble burst, causing global economies to stagnate.

 After working together for 15 years at Confederation Life, John, Peter, and Ian establish Sprucegrove Investment Management and continue to manage Confederation Life’s pooled international stock funds and separate accounts for Canadian and U.S. clients.

Sprucegrove reaches $1B in assets under management.

Sprucegrove launches the Global Special Pooled Fund for Canadian clients.

Sprucegrove creates the U.S. International Investment Fund (Delaware Statutory Trust) for non-ERISA investors (e.g., foundations, endowments, and other taxable institutions).

Sprucegrove reaches $5B in assets under management.

In the late 1990s, massive growth in the use and adoption of the internet and related companies fuels a stock market bubble. The bubble burst, with many gains lost by March 2002.

Sprucegrove reaches $10B in assets under management.

Sprucegrove reaches $20B in assets under management.

The Global Financial Crisis of 2007-2008 has lasting effects, sparking the Great Recession and creating debt crises around the world.

Sprucegrove becomes a signatory of the United Nations Principles for Responsible Investment.

Sprucegrove launches the All-Country World Pooled Fund (Pension) for Canadian clients.

Sprucegrove launches the All-Country World ex U.S. Fund for U.S. clients, along with its first Collective Investment Trust for its International and All Country World ex. U.S. equity mandates.

Sprucegrove launches the All-Country World ex U.S. Pooled Fund and the All-Country World ex U.S. Pooled Pension Fund for Canadian clients. The Central Bank of Ireland approves Sprucegrove UCITS for both International and Global mandates.

Sprucegrove launches the Global CIT, the All-Country World CIT and the All-Country World Fund (Delaware) for U.S. clients. This same year, the Coronavirus Pandemic shocks the world, causing mass shutdowns and severely impacts the global economy.

Sprucegrove reaches $30B in assets under management. Sprucegrove launches a registered ’40 Act Fund in the U.S. as an extension of the Sprucegrove U.S. International Pooled Fund (Group Trust) and leverages its 300 basis points, annualized, of value add over the benchmark during its nearly 40 year-long history.

Sprucegrove launches Cayman Funds of its International, All Country World, and All Country World-ex U.S. equity mandates for institutional investors around the world.