TORONTO, June 4 /CNW/ - ScotiaMcLeod today announced portfolio advisor
changes for two of its funds.
Effective August 5, 2009 the following portfolio advisor change will take
Gryphon Investment Counsel Inc. (Gryphon) will become portfolio advisor
for the Pinnacle Strategic Balanced Fund, replacing Connor, Clark & Lunn
Investment Management Ltd. Gryphon was founded in 1981 as a private
partnership, with 68.4 per cent of the company owned by its operating
partners. Gryphon manages over $4.5 billion in assets and offers investment
management services for balanced, fixed income and equity (Canadian, U.S.,
Global and International) mandates.
Effective September 5, 2009 the following portfolio advisor change will
MFC Global Investment Management (MFC Global) will become portfolio
advisor for the Pinnacle Canadian Growth Equity Fund, replacing Aurion Capital
Management Inc. MFC Global is the wholly-owned asset management division of
Manulife Financial Corporation. MFC Global's diversified group of companies
provides comprehensive asset management solutions for institutional investors,
investment funds and individuals in key markets around the world. MFC Global
manages approximately $287 billion in assets, and has investment offices in
the United States, Canada, the United Kingdom, Japan, Hong Kong, and
MFC Global and Gryphon will join a strong lineup of portfolio advisors
already featured in the Pinnacle Program.
The Pinnacle Program is a managed asset solution offered exclusively
through ScotiaMcLeod, a division of Scotia Capital Inc. and a member of the
Scotiabank Group. Scotia Capital Inc. is a member of Canadian Investor
Protection Fund (CIPF) and the manager of the Pinnacle Program Funds.
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With close to 69,000 employees, Scotiabank
Group and its affiliates serve approximately 12.8 million customers in some 50
countries around the world. Scotiabank offers a diverse range of products and
services including personal, commercial, corporate and investment banking.
With more than $513 billion in assets (as at April 30, 2009), Scotiabank
trades on the Toronto (BNS) and New York Exchanges (BNS). For more information
please visit www.scotiabank.com.
(TM) Trademark of The Bank of Nova Scotia, used under license.
ScotiaMcLeod is a division of Scotia Capital Inc., a wholly-owned subsidiary
of, and separate entity from, The Bank of Nova Scotia and member CIPF.
For further information:
For further information: Paula Cufre, Scotiabank Public Affairs, (416)