TORONTO, Nov. 13, 2013 /CNW/ - Invesco Canada Ltd. ("Invesco") today
announced that, after nearly 40 years in the investment management
industry, Heather Hunter, one of Canada's most highly regarded fund
managers, will be retiring at the end of the year.
Ms. Hunter joined Invesco in 1999 from Ontario Teachers' Pension Plan
Board, one of Canada's largest pension plans where, as Vice-President,
Equities, she played a leading role in building its Canadian equity
capability. Previously Ms. Hunter worked for Confederation Life
Insurance Company for 14 years. Ms. Hunter is a past member of the
Financial Accounting Standards Advisory Board of the Canadian Institute
of Chartered Accountants, and has also served as a director of Maple
Leaf Foods. She is currently a member of the University of Toronto
Investment Advisory Committee.
Ms. Hunter's long experience and passion for investment management has
contributed to her many accomplishments, including being recognized as
one of Canada's top 50 most influential women in 2004 by the National
Ms. Hunter has been very helpful in ensuring a smooth succession plan is
in place to benefit investors and will assist in an orderly transition
to new leadership of the funds.
"On behalf of our employees and our investors, we thank Heather for her
long service and many contributions to the organization and the entire
industry," said Peter Intraligi, President of Invesco Canada.
The Trimark Canadian Equity team, under the direct leadership of veteran
portfolio manager and Head of Canadian Equities, Ian Hardacre, will
assume management for the Invesco portfolios managed by Ms. Hunter. Mr.
Hardacre has been part of the Trimark investment team since 1997 and
Lead Manager of Trimark Canadian Fund since 1999. Mr. Hardacre has
provided exceptional stewardship through the difficult markets of the
past several years, delivering first quartile results over the past
Mr. Hardacre will serve as Lead Manager of Invesco Select Canadian
Equity Fund and Class. Alan Mannik will assume the Lead Manager role
for Invesco Pure Canadian Equity Fund and Class, as well as Trimark
Select Balanced Fund. Mr. Hardacre will be co-manager on these funds.
As with all Trimark strategies, they are supported by the 26-member
Trimark investment management team.
In addition, Jennifer Hartviksen, Head of Trimark Fixed Income, has been
named Lead Manager of Trimark Canadian Bond Fund and Class and Trimark
Government Plus Income Fund, as well as the fixed-income portion of
Trimark Income Growth Fund and Trimark Select Balanced Fund, effective
immediately. As part of these changes, Portfolio Manager Alfred Samson
is no longer with Invesco. The company thanks Mr. Samson for his
contributions over the years and wishes him well in the future.
† Source: © 2013 Morningstar Research Inc. Performance, quartile ranking
and number of funds in the Canadian Focused Equity category for Trimark
Canadian Fund Series A (net of fees) as at September 30, 2013: 1-year:
18.3%, 2 (506); 3-year: 9.1%, 1 (365); 5-year: 7.0%, 1 (316); 10-year:
5.2%, 3 (145).
Commissions, trailing commissions, management fees and expenses may all
be associated with mutual fund investments. The indicated rates of
return are the historical annual compounded total returns, including
changes in security values and reinvestment of all distributions, and
do not take into account sales, redemption, distribution or optional
charges or income taxes payable by any securityholder, which would have
reduced returns. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated. Please read the
prospectus before investing. Copies are available from your advisor or
from Invesco Canada Ltd.
About Invesco Canada Ltd.
Invesco Canada Ltd., operating under three distinct yet complementary
product brands (Trimark, Invesco and PowerShares), is one of Canada's
largest investment management companies. A subsidiary of Invesco Ltd.,
Invesco Canada's singular focus is on investment management, offering a
diversified suite of investment solutions to institutions,
organizations, companies and individual investors across Canada and
around the world. Additional information is available at www.invesco.ca.
About Invesco Ltd.
Invesco Ltd. is a leading independent global investment management firm,
dedicated to helping investors worldwide achieve their financial
objectives. By delivering the combined power of our distinctive
investment management capabilities, Invesco provides a wide range of
investment strategies and vehicles to our clients around the world.
Operating in more than 20 countries, the firm is listed on the New York
Stock Exchange under the symbol IVZ. Additional information is
available at www.invesco.com.
Invesco® and all associated trademarks are trademarks of Invesco Holding Company
Limited, used under licence. Trimark®, Knowing pays® and all associated trademarks are trademarks of Invesco Canada Ltd.
© Invesco Canada Ltd., 2013
SOURCE: Invesco Canada Ltd.
For further information:
Vice President, Corporate Affairs