Bond manager moves in-house at frontierAlt
TORONTO, Feb. 1 /CNW/ - frontierAlt Funds Management Limited
("frontierAlt") today announced that Edward Jong, co-manager of the
frontierAlt All Terrain Bond Fund (the "Fund"), will assume full portfolio
management responsibilities of the Fund effective February 1, 2008.
Mr. Jong, an award-winning money manager, has been co-managing the Fund
with Robert Marcus since its inception in 2006 and the two having been working
together since 1994. As a result of Mr. Marcus' decision to retire and wind
down Majorica Asset Management, Mr. Jong has joined MAK, Allen & Day Capital
Partners Inc. as Senior Vice President and Portfolio Manager, responsible for
fixed-income. MAK, Allen & Day is an affiliate of frontierAlt and, with the
addition of the Fund, now manages four of the firm's mutual funds. Mr. Jong
will be the lead portfolio manager of the Fund. The Fund's investment
objectives remain the same.
"We are confident that Ed's extensive experience and lengthy association
as co-manager of the Fund will ensure the consistency of the investment
strategy will be maintained," said Kurankye Sekyi-Otu, President, frontierAlt.
"We are pleased to welcome Ed who strengthens our in-house capabilities in
the fixed-income space."
Mr. Jong has more than 17 years of investment experience and most
recently was Vice President, Fixed Income with Majorica Asset Management Corp.
At Majorica, Mr. Jong was responsible for implementing and formulating
investment strategies for all fixed-income investment mandates.
Prior to joining Majorica, Mr. Jong was at Altamira Investment Services
Inc. where he managed more than $2.5 billion in money market and bond assets.
Under his management, the Altamira Pooled Money Market Fund received the
API Performance Achievement Award 2002 for generating the highest return in
the Short-Term Pooled Fund Universe for the 1- and 3-year periods ending
December 31, 2002 and the second highest return for the 5-year period. The
Fund also won the COMSTAT Performance Achievement Award 2001 for achieving the
highest return in the Short-Term Pooled Universe for the 1- and 3-year periods
ending December 31, 2001 and the second highest return for the 5-year period.
frontierAlt is a financial services company with its head office in
Toronto, Ontario. frontierAlt specializes in the manufacturing and
distribution of structured products, flow-through limited partnerships and
For further information:
For further information: Kurankye Sekyi-Otu, President, frontierAlt
Funds Management Limited, (416) 623-3171, firstname.lastname@example.org