TORONTO, Nov. 28, 2011 /CNW/ - IA Clarington Investments Inc. ("IA
Clarington" or the "Company") today announced that Brad Radin and Radin
Capital Partners Inc. ("Radin Capital Partners") will assume lead
portfolio sub-advisory responsibility for IA Clarington Global Equity
Fund, IA Clarington Global Equity Class and IA Clarington Global Small
Cap Fund on November 30, 2011. Segregated fund options will be
available through the IA Clarington GIF and IA Ecoflextra programs.
Mr. Radin is well known to the Canadian investment community with an
award-winning track record and over 18 years of investment industry
experience. Before founding Radin Capital Partners in June of 2011, he
was a portfolio manager with the Templeton Global Equity Group for more
than 15 years and managed over $3.5 billion in assets.
"The appointment of Brad Radin and Radin Capital Partners is in keeping
with our philosophy of engaging experienced managers with active,
benchmark-agnostic management styles and high-conviction views," said
David Scandiffio, President of IA Clarington. "IA Clarington is firmly
committed to providing our clients with access to portfolio
sub-advisors who have proven track records of outperformance."
"Today's global equity markets are volatile from a historical
standpoint, helping to create some outstanding investment opportunities
among the thousands of stocks which are often overlooked by funds in
the global equity space," said Mr. Radin. "The unique global investment
style applied by Radin Capital Partners gives investors access to these
The investment strategies of the Funds have been amended to reflect Mr.
Radin's investment philosophy. Because the Funds will follow
substantially similar investment strategies, IA Clarington intends to
explore a consolidation of mandates in 2012.
About IA Clarington
IA Clarington Investments Inc., a subsidiary of Industrial Alliance
Insurance and Financial Services Inc., markets a wide range of
investment products, including mutual funds and segregated funds
managed by leading portfolio advisors. The Company's philosophy is to
select outstanding money managers from across Canada and around the
world to manage its funds. IA Clarington managed more than $9.9 billion
in assets as at September 30, 2011. www.iaclarington.com
About Radin Capital Partners
Radin Capital Partners is an independent investment management firm
founded in 2011 to provide sophisticated investors with a
high-performing global equity mandate for their long-term portfolios.
Radin Capital Partners manages value-focused investment portfolios of
small- to mid-capitalization companies from around the globe. The Radin
Capital Partners team adheres to a focused, high-conviction investment
approach that seeks to produce strong long-term absolute returns.
SOURCE IA Clarington Investments Inc.
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