TORONTO, July 2, 2013 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments) announced today that Fred Sturm, portfolio manager and
team lead of the Mackenzie Resource Team, has chosen to retire on
August 31 following a long and productive career in the investment
"Having joined Mackenzie in 1981, Fred has devoted the past 32 years to
our company and to investors in the funds he has managed," said Tony
Elavia, Chief Investment Officer at Mackenzie Investments. "On behalf
of the entire Investment Team, I thank Fred for his many contributions
and congratulate him on his upcoming retirement."
Mr. Sturm has captured several fund industry awards over his illustrious
career, including the distinction as Analysts' Choice Fund Manager of
the Year at the 2004 Morningstar Canadian Investment Awards.
Benoit Gervais, who has helped develop and implement the team's
investment disciplines with Mr. Sturm over the past 12 years, and has
been co-manager with him on all the resource and precious metals
funds*, will succeed Mr. Sturm in the role of Mackenzie Resource Team
Lead. In recognition of his added responsibilities, Mr. Gervais has
been promoted to Senior Vice President.
"Fred and Benoit share a like-minded approach to investing," said Mr.
Elavia. "I'm confident there will be a smooth transition as Benoit
takes on his new responsibilities."
* Funds are Mackenzie Universal Canadian Resource Fund, Mackenzie
Universal Gold Bullion Class, Mackenzie Universal Precious Metals Fund,
Mackenzie Universal World Precious Metals Class and Mackenzie Universal
World Resource Class. On or about August 16, Mackenzie Universal
Precious Metals Fund will merge into Mackenzie Universal World Precious
About the Morningstar® Canadian Investment Awards™
The Morningstar® Canadian Investment Awards™ honours companies and
individuals for superior investment products, service and education.
The awards are determined by panels of industry experts and Morningstar
analysts. The focus is on long-term track records. For complete
information, visit www.investmentawards.com.
Mackenzie Investments was founded in 1967, and is a leading investment management firm
providing investment advisory and related services. With $65 billion in
assets under management as at May 31, 2013, Mackenzie Investments
distributes its investment services through multiple distribution
channels to both retail and institutional investors. Mackenzie
Investments is a member of the IGM Financial Inc. (TSX: IGM) group of
companies. IGM Financial is one of Canada's premier financial services
companies with $127.1 billion in total assets under management as at
May 31, 2013. For more information, visit mackenzieinvestments.com.
SOURCE: Mackenzie Investments
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