TORONTO, March 1, 2012 /CNW/ - AGF Management Limited is pleased to announce the amalgamation of Acuity Funds Ltd. (a subsidiary of AGF Investments Inc.) and AGF Investments Inc. This amalgamation reflects the next phase of the acquisition of Acuity Funds Ltd. which occurred in February 2011.
"We're pleased with the progress made to date in bringing the two firms together. This amalgamation allows us to streamline our retail fund line-up under one banner and allows the Acuity investment team to continue to focus on their core strength of investment excellence" said Gordon Forrester, Executive Vice-President, Product and Marketing and Head of Retail.
The continuing amalgamated entity - to be known as "AGF Investments Inc." - continues as the manager of the entire family of AGF and Acuity funds. Acuity Investment Management Inc. continues as the investment manager on their respective mandates and will continue to employ the same investment philosophy and processes on which they have built their track records.
About AGF Management Limited
AGF Management Limited is one of Canada's premier independent investment management firms with offices across Canada and subsidiaries around the world. AGF's products include a diversified family of award-winning mutual funds, mutual fund wrap programs and pooled funds. AGF also manages assets on behalf of institutional investors including pension plans, foundations and endowments as well as for private clients. In addition, AGF Trust is a complementary business that offers GICs, loans and mortgages through the financial advisor and mortgage broker channels. With over $47 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.
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