Andrew Chan
Portfolio Manager , Head of Research

Andrew assisted in the founding of PineStone Asset Management Inc. and serves as the firm’s Head of Research. Prior to assisting in founding PineStone Asset Management Inc. in 2021, he was a Vice-President, Director of Research of the Global Equity Team at Fiera Capital. Prior to joining Fiera Capital in 2009,  he was a Senior Analyst covering U.S. Small Cap equities at Van Berkom and Associates from 2007 to 2009. Prior to that, he was a Research Analyst covering Global equities at Montrusco Bolton from 2005 to 2007. Prior to Montrusco Bolton, he was a Research Analyst at Van Berkom and Associates from 2001 to 2003.

Andrew received his BComm from McGill University in 2000 and his MSc. from HEC Montreal in 2005.

   

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Morningstar Rating Risk Adjusted Returns As of 12/31/2025 Average Annual Total Returns As of 12/31/2025 As of 12/31/2025
Symbol Name Asset Class Share Class Overall Rating Category Funds in Category YTD 1Y 3Y 5Y 10Y SI Incept. Date
FCIRX NYLI PineStone International Equity Fund Equities A Morning Star Rating Morning Star Rating Morning Star Rating Foreign Large Growth 371 1.85 1.85 -3.75 -3.75 11.13 11.13 5.02 5.02 11.58 11.58 11.58 11.58 5.29 5.29 5.29 5.29 - - - - 8.13 8.13 8.13 8.13 09/29/2017
FCGEX NYLI PineStone Global Equity Fund Equities A Morning Star Rating Morning Star Rating Morning Star Rating Global Large-Stock Growth 297 2.50 2.50 -3.14 -3.14 14.90 14.90 8.59 8.59 14.73 14.73 14.73 14.73 9.04 9.04 9.04 9.04 - - - - 12.19 12.19 12.19 12.19 04/28/2017
FCUEX NYLI PineStone U.S. Equity Fund Equities A Morning Star Rating Morning Star Rating Large Blend 1210 3.21 3.21 -2.47 -2.47 7.64 7.64 1.72 1.72 13.29 13.29 13.29 13.29 10.25 10.25 10.25 10.25 - - - - 13.44 13.44 13.44 13.44 09/30/2019

Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to market volatility, current performance may be less or higher than the figures shown. Investment return and principal value will fluctuate so that upon redemption, shares may be worth more or less than their original cost. Performance figures for all Funds reflect contractual waivers and/or expense limitations, without which total returns may have been lower. These limitations may be modified or terminated only with Board approval.


The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance (this does not include the effects of sales charges, loads, and redemption fees). The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.


Click on the product name for the most recent overall risk-adjusted Morningstar ratings shown above, including ratings by share class and time period and the number of funds in each category. The Fund page also includes the prospectus, investment objectives, performance, risk and other important information.