TORONTO, Jan. 30 /CNW/ - Horizons Funds Inc. ("HFI"), a subsidiary of
Jovian Capital Corporation ("Jovian") (JOV: TSX), is pleased to announce the
appointment of JovInvestment Management Inc. ("JovInvestment") as the
portfolio manager of the Horizons Mondiale Fund (the "Fund"). Effective
immediately, Mondiale Asset Management Ltd. has resigned and will be replaced
by JovInvestment, and the name of the Fund will be changed to the "Horizons
Global Contrarian Fund". JovInvestment is an affiliate of HFI and a
wholly-owned subsidiary of Jovian.
HFI and JovInvestment are also pleased to announce that JovInvestment has
retained HCS Management Inc. ("HCS") to provide JovInvestment with proprietary
analytical tools that JovInvestment will use in its management of the Fund's
portfolio. The HCS team includes HCS co-founders Fred Purvis and Steve Briese.
Mr. Briese is the author of "The Bullish Review", the oldest continuously
published paid weekly report documenting and interpreting weekly changes in
the U.S. Commodity Futures Trading Commission's Commitment of Traders Report.
Mr. Briese has 20 years of experience creating and using quantitative
analytical tools across a broad spectrum of futures markets to profit from
anticipated market moves.
"This is a welcome expansion of our existing relationship with HCS," said
Philip Armstrong, President and Chief Executive Officer of HFI. "Their unique
selection process makes them an ideal choice to help us build upon and improve
the Fund's investment strategy."
"JovInvestment is excited about becoming the investment advisor to the
Fund and the opportunity to work with HCS more closely, to meet and exceed the
performance expectations of the Fund's unitholders," said Steve Hawkins,
President of JovInvestment. "With more than $60 million in assets and an
active quantitative investment strategy, the Fund is well aligned with the
products and expertise that JovInvestment and HCS offer."
For more information:
About JovInvestment Management Inc.
JovInvestment provides innovative investment solutions for Canadians by
advising high quality investment products. JovInvestment advises in excess of
$1.3 billion in assets under management and is wholly-owned by Jovian Capital
About Jovian Capital Corporation
Jovian is a publicly-traded company listed on the TSX (JOV). Jovian is a
management and holding company with interests in a variety of financial
service firms specializing in wealth(*) and asset(xx) management. The Jovian
group of companies operates as a national financial services organization with
approximately $14.4 billion of client assets ($5.4 billion in assets under
management and $9.0 billion in assets under administration).
(*)Wealth management entities include MGI Securities Inc., MGI Securities
(USA) Inc. and Rice Financial Group Inc. (xx)Asset management entities
include BetaPro Management Inc., Horizons Funds Inc., JovFunds Management
Inc., JovFunds Inc., JovInvestment Management Inc., Leon Frazer &
Associates Inc. and T.E. Wealth. Financial corporate service entities
include Felcom Data Services Inc.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
For further information:
For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; or Steve Hawkins, President,
JovInvestment Management Inc., (416) 601-2442. Additional information relating
to Jovian is available at www.sedar.com and www.joviancapital.com