TORONTO, March 25 /CNW/ - Jovian Capital Corporation ("Jovian") (JOV:
TSX) and its wholly-owned subsidiary, JovFunds Management Inc. ("JovFunds"),
are pleased to announce the appointment of Adam Felesky as Chief Executive
Officer of JovFunds and Howard Atkinson as Managing Partner of JovFunds and
President of JovFunds Inc., the sales and distribution subsidiary of JovFunds.
Steven Hawkins, Managing Partner at JovFunds since July, 2006 and President of
JovInvestment Management Inc., the investment management subsidiary of
JovFunds, will continue on in his current positions. Kevin Beatson, Managing
Director at JovFunds since February 2007 is now appointed Chief Operating
Mr. Felesky and Mr. Atkinson join JovFunds from BetaPro Management Inc.
("BetaPro") where they will continue in their current capacities as Chief
Executive Officer and President, respectively.
"JovFunds is pleased and excited to welcome our new management team,
which we believe will leverage the successful strategies that have led BetaPro
to rapidly achieve over $1 billion of assets under management in their first
two years of operation," said Philip Armstrong, Chairman of the Board of
JovFunds. "We are very fortunate to have a new management team of this calibre
and experience to lead JovFunds and implement an aggressive, growth-oriented
strategy," Mr. Armstrong added.
Prior to becoming a founding principal of BetaPro, Mr. Felesky worked for
a US based global macro hedge fund manager, Bradbrooke Capital Inc.,
JPMorgan's Fixed Income Derivatives Group in New York, JPMorgan Canada and
CIBC World Markets.
Mr. Atkinson has 20 years of investment management industry experience,
including positions with a national investment dealer and major mutual fund
companies. Prior to joining BetaPro, Mr. Atkinson was responsible for business
development of the Exchange Traded Products business at Barclays Global
Investors Canada Limited. He is the immediate Past President of Toronto CFA
Society board of directors and is a member of the S&P/TSX Canada Index
Mr. Atkinson is the author of "The New Investment Frontier III: A Guide
to Exchange Traded Funds for Canadians," and "Les Fonds Négociés en Bourse: Un
outil de placement novateur pour l'investisseur avisé". He has been a
contributing writer and frequent analyst reference in many major Canadian
newspapers, including The Globe & Mail, National Post, Toronto Star, Vancouver
Sun, and Ottawa Citizen. Howard has appeared on Global TV and can be seen
regularly on BNN (Business News Network) and CP24.
"JovFunds has built a very strong financial products manufacturing and
distribution platform," said Adam Felesky. "Combined with this experienced
management team now in place, we are in the position to become Canada's
leading specialty investment firm," he added.
About JovFunds Management Inc.
JovFunds provides innovative investment solutions for Canadians through
the creation, distribution and management of high quality investment products.
JovFunds manages and distributes in excess of $1.4 billion in client assets
and is a member of the Jovian Capital Corporation group of companies.
About BetaPro Management Inc.
BetaPro Management Inc. is Canada's sole provider of investment tools
allowing investors to profit when the market is rising or falling, or to
reduce their risk by hedging their existing market exposure. BetaPro
Management Inc. currently manages over $1.1 billion amongst 18 ETFs and 15
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 $14.6 billion of client assets ($5.4 billion in assets under
management and $9.2 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., Leon Frazer & Associates Inc. and T.E. Wealth. Financial
corporate service entities include Felcom Data Services Inc. and Services
Felcom Data (Quebec) Inc./Felcom Data Services (Quebec) 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: Philip Armstrong, Chief Executive Officer,
Jovian Capital Corporation, (416) 933-5752; and Mark Arthur, Vice-Chairman,
MGI Securities Inc., (416) 933-5754; Additional information relating to Jovian
is available at www.sedar.com and www.joviancapital.com