MONTREAL, Sept. 23, 2011 /CNW Telbec/ - As manager of the FÉRIQUE Funds,
Gestion FÉRIQUE is today announcing that Aviva Investors Canada Inc.
(Aviva) and its sub-advisor River Road Asset Management, LLC (River
Road) will now be involved in the management of the FÉRIQUE AMERICAN
Fund. This appointment will take effect on or around September 29,
As a result, the responsibility for managing the FÉRIQUE AMERICAN Fund
will now be shared between the new manager, which will handle 35% of
the Fund's assets, and the current manager, UBS Global Asset
Management, which will retain the other 65%. As at August 31, 2011, the
Fund's assets under management totalled approximately $145 million.
"The size of the FÉRIQUE AMERICAN Fund makes it feasible for us to split
the responsibility between two top-tier firms with complementary
management styles," said Fabienne Lacoste, Executive Director of
Gestion FÉRIQUE. "As we try to do so for all of our funds, our aim is
to increase portfolio diversification and optimize risk management for
Owned by Aviva, River Road (www.riverroadam.com) is a respected U.S. investment manager based in Louisville, Kentucky.
The firm already works with close to 150 institutional clients, and its
assets under management total approximately CA$5 billion.
"River Road will invest in equities at all capitalization levels," said
Louis Lizotte, Director of Investments for Gestion FÉRIQUE. "They will
use a value-oriented approach, with a stock-picking process aimed at
identifying companies that pay high and increasing dividends, that are
financially strong, and that trade below their absolute value."
River Road was chosen through Gestion FÉRIQUE's internal selection
process, primarily for the experience of its management team and its
ability to build an income-generating portfolio, as well as for the way
its management style complements that of the Fund's other portfolio
The FÉRIQUE AMERICAN Fund was launched in 1995. It is one of the 10
mutual funds that make up the FÉRIQUE Funds family available
principally to engineers and engineering graduates in Québec and
About Gestion FÉRIQUE
Founded on January 1, 2000, Gestion FÉRIQUE (www.ferique.com) is manager of the FÉRIQUE Funds, launched in 1974 by the Ordre des
ingénieurs du Québec. FÉRIQUE is the only not-for-profit mutual fund
company in Canada whose sole purpose is to serve the interests of
engineers, engineering graduates and their families. The firm offers
ten mutual funds diversified across all asset classes. Management of
the funds is entrusted to renowned investment firms which are
hand-picked by Gestion FÉRIQUE, based on their superior asset class
expertise. FÉRIQUE Funds have $1.6 billion in assets under management
and over 23,000 clients.
SOURCE Gestion Férique Inc.
For further information:
Manon Duhamel, Gestion FÉRIQUE, 514-840-9206, ext. 450