TORONTO, Feb. 18, 2015 /CNW/ - Further to IA Clarington Investments Inc.'s ("IA Clarington" or the "Company") announcement on February 13, 2015, IA Clarington announces that its Independent Review Committee has provided its positive recommendation of previously announced sub-advisor changes, and that its Board of Directors has approved the sub-advisor changes and changes to the investments strategies for the IA Clarington Tactical Income Fund, IA Clarington Tactical Bond Fund and IA Clarington Global Tactical Income Fund. The changes are expected to come into effect on or about February 23, 2015.
Dan Bastasic, Senior Vice-President, Investments, IA Clarington, will assume portfolio management responsibilities for the IA Clarington Tactical Income Fund. Jeff Sujitno, Vice-President, Investments, IA Clarington, will assume portfolio management responsibilities for the IA Clarington Tactical Bond Fund. The portfolio management responsibilities for the IA Clarington Global Tactical Income Fund will be assumed by Loomis, Sayles & Company, L.P. ("Loomis Sayles"), a new sub-advisor relationship for IA Clarington.
The investment strategies of the funds will be amended to reflect the new sub-advisors' investment process.
About IA Clarington
IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of distinctive and outcome-based investments, including actively managed mutual funds, portfolio solutions, socially responsible investments and target date funds. As at January 31, 2015, IA Clarington has over $15 billion in assets under management and distributes its investment solutions to retail investors through advice-based distribution channels. For more information please visit www.iaclarington.com.
SOURCE IA Clarington Investments Inc.
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