TORONTO, Oct. 22, 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 TD Private International Equity Fund (the Fund) from TDAM,
effective on or about November 12, 2013.
Epoch's appointment as portfolio adviser follows TD Bank Group's
acquisition of Epoch Holding Corporation on March 27, 2013.
There will be no change to the Fund's investment objectives, however,
the Fund's 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.
Epoch is a successful asset management firm based in New York City.
Founded in 2004, Epoch has 78 employees and an investment team with
more than 20 years of investment management experience each, on
average. As of September 30, 2013, Epoch managed approximately US $34.6
billion assets under management for clients around the world.
About TD Asset Management Inc.
TD Asset Management is a North American investment manager operating as
TD Asset Management Inc. in Canada and TDAM USA Inc. in the U.S. TDAM
manages over CDN$215.2 billion in assets as at June 30, 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
Under TD Private Funds, TDAM manages approximately CDN$8 billion in
assets, as of August 31, 2013. TD Waterhouse Private Investment Counsel
Inc. is one of Canada's largest private client money management firms
with an extensive network of professional portfolio managers who
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