TORONTO, April 10, 2013 /CNW/ - TD Asset Management Inc. (TDAM), the
manager of TD Private Funds, announced today that Epoch Investment
Partners, Inc. (Epoch), will assume portfolio adviser responsibilities
for the following funds (the Funds) from TDAM, effective on or about
May 15, 2013:
TD Private U.S. Blue Chip Equity Fund
TD Private U.S. Blue Chip Equity Currency Neutral Fund
Epoch's appointment as portfolio adviser follows TD Bank Group's
recently completed acquisition of Epoch Holding Corporation on March
"We are thrilled to have the investment capabilities of Epoch available
to our clients through investment in these TD Private Funds," said Dave
Kelly, Senior Vice President, TD Waterhouse Private Client Group. "This
further strengthens our offering and supports our commitment to
bringing world class equity capability to our clients."
There will be no change to the Funds' investment objectives, however the
Funds' investment strategies will change to include Epoch's philosophy
of investing in companies that have the ability to generate free cash
flow and effectively allocate capital, which Epoch believes represents
the best predictor of long-term shareholder return.
"We are very pleased to bring our distinct perspectives and fund
management expertise to these mandates," said Tim Taussig, President
and Chief Operating Officer, Epoch. "We look forward to working
alongside TD Asset Management and delivering the client-focused
investment management that is at the heart of our firm."
Epoch is a successful asset management firm based in New York City.
Founded in 2004, Epoch has 67 employees and their asset management team
has an average of over 20 years of investment management experience.
They have a collaborative and client-focused culture and will work with
TDAM to help clients achieve their investment goals. As of March 31,
2013, Epoch managed approximately US$27.1 billion assets under
management for clients, predominately institutional, around the world.
About TD Asset Management Inc.
TD Asset Management Inc. (TDAM) is a fully integrated North American
investment manager, with CDN$211 billion in assets under management as
of January 31, 2013. TDAM offers investment solutions to corporations,
pension funds, endowments, foundations and high net worth individuals.
A cornerstone of the success of TDAM's investment strategies has been
the firm's disciplined and risk-controlled approach to investment,
along with its ability to innovate progressive solutions that meet
clients' changing needs and objectives.
Under TD Private Funds, TDAM manages approximately CDN$8 billion in
assets, as of February 28, 2013. TD Waterhouse Private Investment
Counsel Inc. is one of Canada's largest private client money management
firms. TD Waterhouse Private Investment Counsel's extensive network of
professional portfolio managers provide discretionary investment
management services to high net worth individuals and their families,
small and mid-size corporations, charitable organizations and
foundations, and executors and trustees from coast to coast.
SOURCE: TD Asset Management Inc.
For further information:
TD Bank Group