TORONTO, Sept. 30 /CNW/ - Goodman & Company, Investment Counsel Ltd. ("Goodman & Company" or the "Company") today announced that London, United Kingdom-based Independent Franchise Partners, LLP ("IFP") has been appointed as a sub-advisor with a global value mandate for Marquis Institutional Global Equity Portfolio (the "Portfolio").
IFP is expected to take up its new mandate on October 1, 2009, replacing Morgan Stanley Investment Management.
The selection was made by the oversight committee, consisting of seasoned investment professionals from Goodman & Company and its parent, DundeeWealth Inc., following a rigorous manager search by the Company's institutional investments team for a high-quality complement to the managers already represented in the Portfolio.
IFP was selected for the investment approach it offers through a dedicated, employee-owned, investment management partnership. IFP employs a research process that is focused on identifying investment opportunities which demonstrate both the quality and value characteristics that they believe can deliver sustainable, long-term investment returns.
The other eight sub-advisors in the Marquis Institutional Global Equity Portfolio remain unchanged. There will be no changes to the investment objectives or investment strategy of the fund at this time.
About Goodman & Company
Goodman & Company is a Canadian asset management company tracing its roots back more than 50 years. Goodman & Company offers a wide range of wealth management solutions through financial advisors. These include the mutual funds, hedge funds and closed-end investment trusts of Dynamic Funds(TM), the portfolio solutions of the Marquis Investment Program, the flow-through limited partnerships of CMP(TM) and Canada Dominion and the high-net worth investment counsel of Goodman Private Wealth Management. Goodman & Company is a wholly owned subsidiary of DundeeWealth Inc. (TSX: DW).
This news release contains forward-looking statements that involve risks and uncertainties. These statements reflect Goodman & Company's current expectations, but are subject to a number of risks and uncertainties. Due to many risks and uncertainties, Goodman & Company cannot assure that the forward-looking statements contained in this news release will be realized.
SOURCE GOODMAN & COMPANY, INVESTMENT COUNSEL LTD.
For further information: For further information: Customer Relations Centre, Goodman & Company, Investment Counsel Ltd., 1-800-268-8186 or www.dynamic.ca; Myra Reisler, Media Relations, (416) 365-5370