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
"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
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.
Caution Regarding Forward-Looking Statements
This release includes forward-looking statements. Forward-looking
statements include statements that are predictive in nature, depend
upon or refer to future events or conditions, or include words such as
'expects,' 'anticipates,' 'intends,' 'plans,' 'believes' or negative
versions thereof and similar expressions, or future or conditional
verbs such as 'may,' 'will,' 'should,' 'would' and 'could.'
Forward-looking statements are based on certain factors and
assumptions, including expected growth, results of operations, economic
factors, business prospects, business performance and opportunities.
While the company considers these factors and assumptions to be
reasonable based on information currently available, they may prove to
be incorrect. Forward-looking statements are not guarantees of future
performance, and actual events and results could differ materially from
those expressed or implied by forward-looking statements due to, but
not limited to, important risk factors such as level of assets under
management, volume of sales and redemptions of investment products,
performance of investment funds and of investment managers and
advisors, competitive fee levels for investment management products and
administration, and competitive dealer compensation levels, size and
default experience on the company's loan portfolio and cost efficiency
in loan operations and investment management operations, as well as
interest and foreign-exchange rates, taxation, changes in government
regulations, unexpected judicial or regulatory proceedings, and the
company's ability to complete strategic transactions and integrate
acquisitions. The company cautions that the foregoing list is not
exhaustive. The reader is cautioned to consider these and other factors
carefully and not place undue reliance on forward-looking statements.
Forward-looking statements are given only as at the date of this
release and other than specifically required by applicable laws, the
company is under no obligation (and expressly disclaims any such
obligation) to update or alter the forward-looking statements, whether
as a result of new information, future events or otherwise. Additional
risks and uncertainties can be found in our MD&A for the fiscal year
ended November 30, 2011 under the headings "Caution Regarding
Forward-Looking Statements" and "Risk Factors and Management of Risk"
and in our other filings with Canadian securities regulatory
For further information:
For media inquiries, contact AGF Corporate Communications:
Manager, Corporate Communications