TORONTO, May 15, 2013 /CNW/ - Dynamic Funds, managed by GCIC Ltd.,
announces changes to the portfolio management of certain key funds and
the addition of a new Chief Investment Strategist.
Myles Zyblock appointed Chief Investment Strategist, Dynamic Funds
Effective today, Myles Zyblock, CFA, becomes Dynamic Funds' new Chief
Investment Strategist, assuming the role from Rohit Sehgal, CFA, whose
emphasis will move away from mutual funds toward the management of
Mr. Zyblock is one of North America's most recognized and well followed
market strategists. He will be developing investment strategies in
support of the firm's portfolio management team as well as delivering
timely market analysis and commentary across various asset classes and
geographies in support of the growing investment interests of Dynamic
On his joining the firm, Mr. Zyblock commented "I am excited to become
part of the Dynamic Funds family given the innovative range of its
investment products and its deep pool of talented investment managers.
I look forward to the opportunity of working closely with the
investment management team and sharing macro and asset allocation views
with our clients."
Mr. Zyblock has over 17 years of investment strategy experience and
joins Dynamic Funds from a large Canadian financial institution.
Portfolio Manager Changes
As he steps away from his role as Chief Investment Strategist and
transitions his mutual fund mandates into the hands of other portfolio
managers, Rohit Sehgal, CFA, Vice President and Portfolio Manager, will
focus more closely on the management of existing alternative mandates.
He will continue to be supported on his alternative mandates by Vishal
Patel, CFA, Portfolio Manager, who has worked closely with Mr. Sehgal
since 2005. Mr. Sehgal will also explore potential opportunities in
the alternative asset sector that may have a role to play in meeting a
broader range of investor interests in the future. With more than 40
years in the investment management business, Mr. Sehgal has garnered
numerous industry accolades with a reputation of innovation in new
markets and asset classes.
Alexander Lane, CFA, Vice President and Portfolio Manager, who has
worked with Mr. Sehgal for many years, will be named co-portfolio
manager on Dynamic Power Canadian Growth Fund and Class and Dynamic
Power Balanced Fund and Class (collectively the "Funds"). This will be
effective immediately and transition fully on September 1, 2013, when
he will become lead portfolio manager of the Funds, taking over from
Rohit Sehgal. Mr. Lane, a multiple award winning growth manager,
joined the firm in 2000 and is also lead portfolio manager of Dynamic
Power Managed Growth Class, Dynamic Power Global Navigator Class and
Dynamic Power Small Cap Fund.
Working with Mr. Lane with respect to U.S. equities in the Funds will be
multiple award winning Vice President and Portfolio Manager Noah
Blackstein, CFA, who joined the firm in 1997 and is today responsible
for management of U.S. and global growth portfolios for Dynamic. In
regard to the manner in which the announced changes will impact the
Funds, they will begin to reflect a strategic allocation of Dynamic
Power American Growth Fund or Class, managed by Noah Blackstein.
Effective September 1, 2013, Chuk Wong, CFA, Vice President and
Portfolio Manager, will assume lead portfolio management
responsibilities for Dynamic Emerging Markets Class, which he has
co-managed with Rohit Sehgal since inception. Mr. Wong is an award
winning portfolio manager with over 24 years of investment experience.
Effective September 1, 2013, Yassen Dimitrov, CFA, Portfolio Manager,
will also assume lead portfolio manager responsibilities for Dynamic
Financial Services Fund, which he has co-managed with Rohit Sehgal
since July 2010. Mr. Dimitrov has worked closely with Mr. Sehgal for 5
years and has over 12 years of experience covering Canadian and global
financial services companies.
"These changes strengthen our roster of investment talent so that our
funds are well positioned for the future. At the same time, they
reflect Mr. Sehgal's desire to focus his considerable expertise on
alternative assets, an investment sector we have yet to fully explore.
With over 40 years of experience, Rohit is one of the true veterans of
the investment management industry and remains a cornerstone of
Dynamic's independent, advice driven philosophy," said Jordy Chilcott,
President & Chief Executive Officer, Dynamic Funds. "Looking forward,
the addition of Mr. Zyblock and the new responsibilities for Alexander
Lane, Noah Blackstein, Chuk Wong, and Yassen Dimitrov will all
contribute to the depth and breadth of our investment management
capabilities. Most importantly, we are confident that these moves will
enhance our ability to deliver value to our clients in an investing
environment where advice matters." The investment objectives and
investment strategies of the impacted funds remain unchanged.
About GCIC Ltd.
GCIC Ltd. is a subsidiary of DundeeWealth Inc. and the manager of the
Dynamic Funds and the Marquis Investment Program. GCIC Ltd. 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.
® Dynamic Funds is a registered trademark of its owner, used under
SOURCE: GCIC Ltd.
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