NexGen Financial Limited Partnership Announces April Sales and Assets Under
Management

TORONTO, May 5 /CNW/ - NexGen Financial Limited Partnership ("NexGen" or the "Partnership") today reported total mutual fund net new money during the month ended April 30, 2010 of $12.5 million compared to $20.7 million for the month ended March 31, 2010. Total assets under management were $584 million at April 30, 2010 compared to $570.1 million at March 31, 2010, up from $310.7 million at April 30, 2009.

"Year to date we have raised $72.6 million of net new money", said Laurie Munro, President of NexGen. "Importantly, we now have over 900 advisors across the country supporting our Fund complex".

    
    -------------------------------------------------------------------------
    ASSET BREAKDOWN          April 30, 2010      %   April 30, 2009      %
    -------------------------------------------------------------------------
    FUNDS
                                             --------------------------------
              MUTUAL FUNDS     $555,910,183    95.2%   $274,586,970    88.4%
           CLOSED END FUND       28,101,108     4.8%     36,150,127    11.6%
                              -----------------------------------------------
    AUM                        $584,011,291   100.0%   $310,737,097   100.0%

    ----------------------------------------
    ASSET CATEGORY
                                             --------------------------------
              MONEY MARKET      $48,306,544     8.3%    $69,533,287    22.4%
              FIXED INCOME      307,899,399    52.7%     89,780,149    28.9%
                    EQUITY      227,805,348    39.0%    151,423,661    48.7%
                              -----------------------------------------------
    AUM                        $584,011,291   100.0%   $310,737,097   100.0%
    -------------------------------------------------------------------------
    

Jim Hunter, NexGen's CEO, added, "Our recent announcement of the hiring of Keith Graham of Rondeau Capital Inc. as a sub-advisor to two new NexGen Fund mandates has stirred up much excitement in the market place. We expect a strong start once the Funds open for sale May 31st, 2010".

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.

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: James L Hunter, CEO, (416) 775-3701, jhunter@nexgenfinancial.ca; Laurie Munro, President, (416) 775-3705, lmunro@nexgenfinancial.ca

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NexGen Financial Limited Partnership

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