TORONTO, April 29 /CNW/ - NexGen Financial LP and Rondeau Capital Inc. are pleased to announce that Rondeau Capital will act as a sub advisor in respect of NexGen Turtle Canadian Equity Fund and NexGen Turtle Canadian Balanced Fund, two newly created NexGen open end mutual fund mandates.
Rondeau Capital Inc., a Portfolio Management firm located in Toronto, is controlled by Keith Graham, MBA, CFA. Keith is a well known, award winning portfolio manager who has previously managed significant fund assets for Invesco Trimark and AGF. He has a history of producing industry leading, risk adjusted returns for fund investors and their Advisors.
"I'm very excited about this relationship with NexGen and their proprietary, tax efficient fund structure. NexGen is experiencing significant growth and now has a solid base of Advisors who understand the value of their patent pending fund structure. It will make my job easier as an investment manager to have the NexGen structure in the background mitigating taxes as I optimize the portfolios" said Keith Graham, President. "I also look forward to working with Jeff Herold of J. Zechner Associates who will manage the fixed income component of the Balanced Fund."
NexGen Financial LP is one of Canada's fastest growing mutual fund companies founded by Jim Hunter, CEO in 2006. NexGen currently manages 16 open end funds in addition to the new funds. Assets under management are currently approximately $580 million and the firm has been growing rapidly since inception.
"We're delighted to have Keith as a business partner going forward" said Jim Hunter, CEO. "He is truly one of Canada's great young value investors and has a long track record of success at Teacher's where he trained and at Trimark and AGF where he built on his exceptional track record. Keith's objective is to grow investor assets patiently while protecting capital from untoward risk."
The NexGen Turtle Group of Funds has been so named due to the value investment style and discipline historically demonstrated by Keith Graham. "Our research indicates there are growing numbers of aging baby boomers who know they need equities for inflation protection but are not comfortable with the volatility or the capital protection in most equity or balanced funds. The NexGen Turtle Funds are the solution to that problem" added Laurie Munro, President of NexGen Financial.
The two new funds are expected to be available for sale in the NWT, BC, Alberta, Ontario, Quebec, Newfoundland and Labrador as of Monday May 31st, 2010.
About NexGen Financial
NexGen Financial Limited Partnership is one of Canada's fastest growing independent financial services firms and was founded to develop value added investment solutions for financial advisors and their clients. The firm is focused on the creation of innovative investment products and services that meet the needs of Canadians seeking more tax efficient investment opportunities and greater control over the tax treatment of their investments. Managed by strong investment professionals, NexGen's unique Registered and Tax-Managed Fund offerings are well positioned as attractive investment opportunities for Canadians looking to alleviate the tax costs associated with traditional investment solutions.
About Rondeau Capital
Rondeau Capital Inc. is a Toronto based Portfolio Management firm founded by award winning value manager Keith Graham. Rondeau provides discretionary investment management services for individuals, trusts, foundations and institutions that are aligned with its focus on "Capital Growth at a Conservative Pace" investment philosophy.
Cautionary Statement on Forward Looking Information
This press release may include forward looking statements within the meaning of securities laws. Forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from what is currently expected. Accordingly, readers should not place undue reliance on forward looking statements.
SOURCE NexGen Financial Limited Partnership
For further information: For further information: NexGen Financial: James L Hunter, CEO, (416) 775-3701, email@example.com; Laurie Munro, President, (416) 775-3705, firstname.lastname@example.org; Rondeau Capital: Keith Graham, President, (416) 487-4444, email@example.com; Rick Wilson, Vice-President, (416) 487-4444, firstname.lastname@example.org