Two years ago, with the market rising and confidence slowly returning to the market, Jason Donville made a big bet. The president and CEO of Toronto's Donville Kent Asset Management plowed 50 percent of his client's assets into the technology sector. But the fund manager didn't buy any shares of LinkedIn, Apple or IBM—he scooped up a bevy of Canadian tech stocks instead.
Names like Constellation Software, Open Text and Enghouse Systems make up most of his Capital Ideas Fund, and while they may not be brand-name technology companies, his gamble still paid off. The fund was up 52 percent in 2013 and was named Morningstar's Best Opportunistic Hedge Fund.
"We made a dramatic bet on this sector," he said. "And it worked."