Newgen Asset Management Ltd and Wolverine Opportunity Fund Merger
TORONTO, Nov. 20, 2012 /CNW/ - Newgen Asset Management Limited is pleased to announce that it is the Investment Manager of the Wolverine Opportunity Fund, a long-short Canadian fund which focuses on companies with market capitalizations less than $3 billion. The Fund has approximately 65% of its investments concentrated in high-yielding securities and the remainder in high growth common stocks. As part of this transfer, Gene Vollendorf, the Portfolio Manager of the Wolverine Opportunity Fund has joined Newgen. The portfolio management of the Fund will remain the same.
"The Wolverine Opportunity Fund complements our existing product line and we are excited to have Mr. Vollendorf join our research team, David Dattels, President of Newgen commented. "This transfer will result in significant synergies and will improve our investment research," Gene Vollendorf, Portfolio Manager of the Wolverine Opportunity Fund added.
The Wolverine Opportunity Fund is offered on Fundserv at select investment dealers under the Fundserv code WLV, and accepts monthly subscriptions. To learn more go to www.wolverinefund.com
SOURCE: Wolverine Opportunity FundFor further information:
Gene Vollendorf, Portfolio Manager of Wolverine Opportunity Fund