TORONTO, Jan. 16, 2012 /CNW/ - Gluskin Sheff + Associates Inc. (the
"Company") announced today its preliminary estimate of Assets Under
Management as at December 31, 2011 and its preliminary unaudited
estimate of Performance Fees for the quarter ending December 31, 2011.
Assets Under Management as at December 31, 2011 (net of Performance
Fees) were approximately $5.3 billion. Included in Assets Under
Management are $3.1 billion of assets with a performance fee year-end
of December 31 and $1.7 billion with a performance fee year-end of June
The Company estimates that Performance Fees (net of those due to
sub-advisors) earned for the quarter ended December 31, 2011 were
approximately $1.0 million.
Founded in 1984, Gluskin Sheff + Associates Inc. is one of Canada's
pre-eminent wealth management firms serving high net worth private
clients and institutional investors. Gluskin Sheff offers equity and
fixed income investment portfolios in addition to being one of the
largest managers of alternative investments in Canada. The Company's
Subordinate Voting Shares are listed on the Toronto Stock Exchange
under the symbol "GS". For more information about the Company, please
visit our website at www.gluskinsheff.com.
This press release may contain forward-looking statements relating to
Gluskin Sheff + Associates Inc.'s business and the environment in which
it operates. These statements are based on the Company's expectations,
estimates, forecasts and projections. They are not guarantees of future
performance and involve risks and uncertainties that are difficult to
control or predict. These risks and uncertainties are discussed in the
Company's regulatory filings available on the Company's website at www.gluskinsheff.com or at www.sedar.com. Actual outcomes and results may differ materially from those expressed
in these forward-looking statements. Readers, therefore, should not
place undue reliance on any such forward-looking statements. Further, a
forward-looking statement speaks only as of the date on which such
statement is made. The Company undertakes no obligation to publicly
update any such statement or to reflect new information or the
occurrence of future events or circumstances.
SOURCE Gluskin Sheff + Associates Inc.
For further information:
Chief Financial Officer