AGF Acquires Robitaille Asset Management Inc.
Marc-André Robitaille joins AGF's investment management team
TORONTO, July 3, 2012 /CNW/ - AGF Investments Inc. (AGF) announced today the acquisition of 100% of Robitaille Asset Management Inc. (RAM), a Montreal-based investment firm responsible for the management of AGF Dividend Income Fund. AGF and RAM have also amalgamated today, continuing as one company under the name AGF Investments Inc.
Founded by Marc-André Robitaille in 2007, RAM and AGF have a longstanding and exclusive relationship. With AUM in excess of $615 million, RAM specializes in Canadian equity and income mandates. As a result of the acquisition and amalgamation, Robitaille and his team will join AGF's investment management team.
Marc-André and his team will remain based in Montreal and will play a key role as AGF strengthens its commitment to the Quebec and Eastern Canada market.
"We are excited about joining the AGF family. As part of this larger team we will have greater access to the research and resources we need to grow our investment management capabilities," said Robitaille, who remains the lead portfolio manager on AGF Dividend Income Fund.
"This acquisition solidifies our relationship with Marc-André and enhances AGF's position in the Canadian equity and income space," said Martin Hubbes, Executive Vice-President, Investments and Chief Investment Officer. "Building on his strong track record we will be able to leverage his capabilities across our retail, key accounts and institutional distribution networks."
Robitaille will also manage the equity component of AGF Traditional Balanced Fund, while Tristan Sones will continue to lead the fixed income component.
About AGF Management Limited
AGF Management Limited (AGFML) is one of Canada's premier independent investment management firms with offices across Canada and subsidiaries around the world. AGFML's products include a diversified family of award-winning mutual funds, mutual fund wrap programs and pooled funds. AGFML also manages assets on behalf of institutional investors including pension plans, foundations and endowments as well as for private clients. In addition, AGF Trust is a complementary business that offers GICs, loans and mortgages through the financial advisor and mortgage broker channels. With over $43 billion in total assets under management, AGFML serves more than one million investors. AGFML trades on the Toronto Stock Exchange under the symbol AGF.B.
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