PEOPLE BMO introduces new international funds
BMO Investments has introduced new mutual funds designed to provide investors with added international exposure. These include the BMO Concentrated Global Equity Fund, which invests in high-quality global securities; BMO Crossover Bond Fund, which invests in BBB- and BB-rated corporate bonds in developed markets; BMO Global Multi-Sector Bond Fund, targeted at investors who want a high level of interest income; BMO MultiFactor Equity Fund, which invests in US equities through factor exposures; and BMO US Small Cap Fund, which provides exposure to smaller and midsized US companies.
Mackenzie unveils alternative mutual fund
Mackenzie Investments has unveiled the Mackenzie Multi-Strategy Absolute Return Fund, a new product based on regulators’ alternative framework proposal for conventional mutual funds. The fund will allow retail investors to complement their traditional portfolios with several innovative strategies that offer the potential for lower volatility through the use of assets not correlated with the markets. “The new fund has the added benefits of being transparent, highly liquid and closely regulated under National Instrument 81-102,” said Mackenzie’s Michael Schnitman.
iA Clarington announces changes to global fund
iA Clarington Investments has announced it is renaming the IA Clarington Global Growth & Income Fund as the IA Clarington Global MultiAsset Fund and has selected global asset manager PineBridge Investments, which has more than US$85 billion in AUM, as the fund’s subadvisor. Based on a PineBridge strategy that has delivered attractive risk-adjusted performance for more than a decade, the fund taps the knowledge of more than 200 investment professionals in 17 countries, actively investing across a broad range of geographic regions and asset-class opportunities while adjusting to changing market environments.
NAME
LEAVING
JOINING
NEW POSITION
Russell Green
Scotia Capital
Raymond James
Managing director
Emmanuel Jaclot
Schneider Electric
CPDQ
Executive vice-president, infrastructure
Dennis Kavelman
RIM/BlackBerry
iNovia Capital
General partner
Guy Lemoine
N/A
OBSI
Chairman, Consumer and Investor Advisory Council
Rory Ronan
CIBC Asset Management
1832 Asset Management
Vice-president and portfolio manager
Mawer names new president
Mawer Investment Management has announced that Craig Senyk will take over as president on January 1, 2019, succeeding Michael Mezei, who has held the role since 2008. For the remainder of 2018, Senyk and Mezei will work together closely to ensure a smooth transition. Mezei will also continue to serve on the firm’s board through 2019. Senyk has been with Mawer for more than 20 years and has held numerous roles at the company, including leading the institutional and individual client business segments. In addition to being a member of Mawer’s risk management and ownership oversight committees, Senyk is currently vice-chairman of the board, institutional portfolio manager and co-manager of the Mawer Tax Effective Balanced Fund.
Hexavest appoints co-CIO
Montreal-based Hexavest, a boutique investment firm specializing in global equity management for institutional clients, has appointed Vincent Delisle as co-chief investment officer. Delisle will lead the Hexavest strategy team alongside co-CIO Vital Proulx and chief economist Jean-Pierre Couture. Delisle brings more than 20 years of industry experience to Hexavest. He previously served a 14-year stint at Scotiabank, during which he led the portfolio strategy team, provided asset mix recommendations and chaired the investment committee responsible for equity model portfolios. “Vincent will integrate very well with our prudent investment culture, and his differentiated approach represents a compelling performance lever for our portfolios,” said Hexavest president Marc Christopher Lavoie.
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