Single Manager Solutions:

North American Opportunities

The investment objective of the Fund is to achieve long-term capital appreciation by investing primarily in North American equity securities.

Thinking differently in North America

The Pacific North American Opportunities fund offers a distinctive investment opportunity defined by its unwavering emphasis on bottom-up analysis and stock-picking, de-emphasising macro-economic factors. The Portfolio Manager takes an all-cap, benchmark agnostic, concentrated approach, within a capacity constrained fund.

Specialists in North American Equities

The investment team for the North American Opportunities Fund is led by Chris Fidyk, a highly-experienced professional who has over 15 years of investment experience in North American Equity markets and a proven track record of generating returns in various market environments.

The manager combines consistent generation of eclectic investment ideas and in-depth bottom-up analysis within a framework that maximises the potential for outperformance.




to identify 


The team, led by Christopher Fidyk and supported by research analysts Imogen Tyer and Sam Lewis search all areas of the US market, the team aim to know more about the companies than any other outsider.  The team also draw on PAM’s wider institutional experience, expertise and infrastructure.


process designed
to capture 


US market to identify companies where future outcomes can be understood with precision.  


Fund structured
to maximise 


The concentrated, capacity constrained .

Diversification and Flexibility

The portfolio, though concentrated, showcases diversification across different investment styles and market capitalisation ranges, presenting a varied collection of ideas as illustrated in the chart below. The S&P oval shape indicates a preference for larger stocks, while maintaining minimal exposure to mid-cap stocks, and virtually no involvement in micro to mid-cap stocks. Furthermore, the fund benefits from flexibility, allowing the portfolio manager to pursue opportunities across styles and market cap as they arise.

For Illustration Purposes Only.
* Benchmark used for comparison = iShares Core S&P 500 ETF

Source: Pacific Asset Management and Morningstar.

Why Invest?

Highly experienced Portfolio Manager with a long track record of generating outstanding returns in North American equities

Fund structured to maximise alpha; concentrated, all cap, benchmark agnostic, and capacity constrained

Three guiding principles that form a foundation for a well defined investment process of the fund to identify stocks that can outperform

Highly active, stock-picking focus with in depth bottom-up analysis that is not distracted by macro

Portfolio constructed of eclectic ideas that looks very different from the S&P 500

The team search everywhere possible for investment ideas with the goal to identify companies where future outcomes are inevitable

We will construct a portfolio of eclectic ideas that will look very different than the S&P 500. Although our biases guide us towards certain types of companies, we will examine any compelling risk-reward opportunity that we come across. The profiles of the companies will vary but we will adhere strictly to our investment process – every investment will meet our non-negotiable criteria. We will not surprise you by deviating from this process.
- Chris Fidyk, Portfolio Manager
We are incredibly pleased to welcome Chris to Pacific Asset Management. Chris has a long track record of generating outstanding returns in North American equities and is well-known for his expertise throughout the industry
- Matthew Lamb, Chief Executive Officer

Portfolio team


Portfolio Manager

Chris joined the Pacific team in 2022 after 12 years at Findlay Park Partners LLP, for six of those he was Partner and Portfolio Manager. During his time, Chris evaluated and directed investments for a $15bn long-only North American equity fund with a long-term track record of outperformance. Prior to Findlay Park, Chris held multiple roles in investment management and investment banking focused on the healthcare sector.

imogen tyer

Research Analyst

Imogen joined Pacific in 2023 and previously held the position of Investment Analyst at Cambridge Associates. Imogen has a BSc Biochemistry from the University of Exeter.

Sam lewis

Research Analyst

Sam joined Pacific in 2023 as Research Analyst having recently graduated from the University of Oxford where he studied Philosophy, Politics and Economics.

Contact us

Speak to a member of the client team to find out more:

Nick Lemis

Global Head of Wholesale

Mary Murphy

Global Head of Institutional Sales