Refraction Asset Management Ltd. is a simple family office, founded in 2012, that provides money management expertise focused on security selection in the energy (alternatives, soft-rock upstream, downstream, midstream, utility, refinery, services & EPC), engineering (applied sciences & aerospace) and technology sectors (artificial intelligence, hardware engineering). We are owned entirely by the founding partners & directors. Refraction is run by a small team of talented and sophisticated professionals out of our office in Calgary. We do not provide services to the public, accept solicitations to manage outside funds, or conduct financial advisory roles.
Our organization is flat & nimble. We encourage active participation in R&D and portfolio development in all facets of the front-office. We strive to maintain good relations with the management teams we invest, co-invest & support in our portfolios.
Michael is the President of Refraction Asset Management (RAM). He has over 15 years of experience in the energy sector. Previously he was an investment banker at Canaccord Genuity and Genuity Capital Markets. Prior thereto he was at Desjardins Securities as a Research Associate covering the oil & gas sector (Canadian Majors, Integrated & Oil Sands).
Vlad is the VP Finance and Corporate Development at Refraction Asset Management. He looks over financial matters and corporate development at RAM and acts as a fractional CFO / board member for several of its portfolio companies. He has over 25 years of M&A, financing and investment experience in Canada, the US & Europe. He was previously a corporate finance partner at Deloitte Canada and the Head of Corporate Finance at KPMG Ukraine. He is a CFA Charterholder and is currently involved in ICD.D program.