"It takes 20 years to build a reputation and five minutes to lose it. If you think about that you will do things differently."

Warren Buffett

Value Contrarian Asset Management (VCAM) 

Value Contrarian Asset Management (VCAM) is a Montreal-based independent investment management firm. The company was founded by Benjamin Horwood in 1995.

VCAM manages both the Value Contrarian Equity Fund (VCEF) and individual portfolios for institutions, high net worth individuals and accredited investors. The Fund commenced in 1988 as a private partnership. In 1997 the Value Contrarian Fund became available for sale to the public through the filing of an Offering Memorandum with Quebec's Autorité des Marchés Financiers (AMF).


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Benjamin Horwood, President

Ben has been in the investment industry since 1988. He graduated from the University of Ottawa with a Civil Law Degree and prior to that completed his HBA from the University of Western Ontario. Upon graduation, he briefly worked for the Montreal law firm of Lavery De Billy. Ben started his investment management career at MAM Investment Council in Montreal. In 1995, he founded Value Contrarian Asset Management. In 1997, the Value Contrarian Fund became available for public distribution to accredited investors. Ben holds both a fund manager’s as well a portfolio manager’s license and is currently the President of Value Contrarian Asset Management.

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Chiraz Chakroun, Operations Manager

Chiraz previously worked at RBC Dominion Securities in Montreal for a team of portfolio managers. She has been part of the VCAM team since February 2012. Chiraz received a B.Sc. in Electrical Engineering from the U.S. Naval Academy in Annapolis, Maryland and has completed the Canadian Securities course (CSC). She has also obtained a Graduate Diploma in Accounting from McGill. Ms. Chakroun has excellent leadership and interpersonal skills and is a favourite amongst our clients.

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Value Contrarian Asset Management


Bank of Commerce Center

1155 boul. René Lévesque West Suite 2500

Montréal, Québec 

H3B 2K4, Canada

Contact Information


Tel: (514) 398-0808

Fax: (514) 398-9602


Email: adminasst@valuecontrarian.com