Tim McElvaine founded the McElvaine Value Fund in 1996 and has managed it continuously since inception. He developed his value-oriented philosophy during his 12-year career with Peter Cundill & Associates Ltd., where he served as Manager of the Cundill Security Fund and Chief Investment Officer. From about 1999, he co-managed the Cundill Value Fund as Chief Investment Officer. His experience working alongside legendary value investor Peter Cundill profoundly influenced his investment approach, emphasizing the importance of buying undervalued assets when others are selling and maintaining patience during market cycles. This background provides the fund with a proven investment framework rooted in decades of value investing experience under one of Canada's most respected value investors.

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The McElvaine Value Fund follows a deep value investing approach inspired by Peter Cundill, focusing on buying undervalued assets when others are selling. The investment strategy is centered on four elements called ABBA: Accident (competitive advantage), Bird in hand (observable value), Brick house (financial strength), and Alignment (management with skin in the game). The fund emphasizes investing patiently, thinking independently, and putting the manager's own money to work alongside investors. The fund maintains over 99% active share versus the TSX Composite and aims for downside protection and margin of safety in investments. The approach focuses on identifying companies trading significantly below intrinsic value, often during periods of market stress or temporary business challenges.

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