TORONTO, March 26, 2013 /CNW/ - GCIC Ltd., manager of the Dynamic Funds,
("Dynamic Funds") announces portfolio manager changes to certain
funds, including the decision to end the sub-advisory relationship with
Marret Asset Management Inc. ("Marret"), effective today.
Marc-André Gaudreau, Vice President and Portfolio Manager of Dynamic
Funds, has been appointed lead portfolio manager of the Dynamic High
Yield Bond Fund, taking over from Marret. Mr. Gaudreau joined Dynamic
Funds in October 2012 as part of the firm's focus to increase the depth
of its investment management bench strength and fixed income investment
capabilities and is the lead portfolio manager of the Dynamic High
Yield Credit Fund.
In addition, Domenic Bellissimo, Vice President and Portfolio Manager of
Dynamic Funds, has been appointed as lead portfolio manager of the
Dynamic Corporate Bond Strategies Fund and Class, taking over from
Mr. Bellissimo has also been appointed as co-portfolio manager with
Cecilia Mo, Vice President and Portfolio Manager of Dynamic Funds, of
the Dynamic Value Balanced Fund and Class, taking over from Marret. Ms.
Mo has acted as lead portfolio manager on these funds since October
Mr. Bellissimo has been a member of the fixed income team led by Michael
McHugh, Vice President and Portfolio Manager, at Dynamic Funds since
2005 and brings his knowledge and expertise in investment-grade
securities to the funds. He is currently a portfolio manager on Dynamic
Advantage Bond Fund and Class, Dynamic Blue Chip Balanced Fund, Dynamic
Blue Chip U.S. Balanced Class and Dynamic Short Term Bond Fund.
Ms. Mo has been a member of the team at Dynamic Funds since she joined
the firm in October 2011. She is a multi-award winning money manager
and has managed the following mandates, in addition to the Dynamic
Value Balanced Fund and Class, since joining the firm: Dynamic Value
Fund of Canada, Dynamic Canadian Value Class, DMP Canadian Value Class,
Dynamic Dividend Advantage Fund and Class, and DMP Value Balanced
The investment objectives, investment strategies and approach of the
impacted funds remain unchanged.
About Dynamic Funds
Dynamic Funds is a division of GCIC Ltd. ("GCIC"), which is a subsidiary
of DundeeWealth Inc. and the manager of the funds mentioned above. GCIC
offers a wide range of wealth management solutions through financial
advisors. These include the mutual funds and hedge funds of Dynamic
Funds, the portfolio solutions of the Marquis Investment Program and
the high net worth investment counsel of DundeeWealth Investment
Counsel. DundeeWealth Inc. is a wholly owned subsidiary of Scotiabank
and part of the Bank's Global Wealth Management business line.
SOURCE: GCIC Ltd.
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