TORONTO, Sept. 5 /CNW/ - Medical Discovery Management Corporation, the
manager of Canadian Medical Discoveries Fund Inc. ("CMDF"), has amalgamated
with its affiliate JovFunds Management Inc. ("JovFunds") and will continue
under the name "JovFunds Management Inc." This is part of the consolidation of
several fund management companies and investment product brands under JovFunds
that were acquired or created by Jovian Capital Corporation ("Jovian") over
the past few years. The restructuring will not result in any change to the
day-to-day operations of CMDF.
About Canadian Medical Discoveries Fund Inc.
CMDF is Canada's most mature health science, labour-sponsored venture
capital fund, with more than $175 million in managed assets. Established in
1994 and available across Canada, CMDF has venture capital investments in
approximately 40 companies involved in health sciences, biotechnology,
diagnostics, medical devices, drug discovery and development, health care
delivery services and e-health.
About JovFunds Management Inc. (www.jovfunds.com)
JovFunds is a national financial services organization which provides
innovative investment solutions for Canadians through the creation, management
and distribution of high quality investment products. As a member of the
Jovian group of companies, JovFunds manages and distributes a diverse range of
mutual funds, structured products and alternative investments with assets in
excess of $1.2 billion.
Jovian is a publicly-traded company listed on the TSX Venture Exchange
(JVN). Jovian is a management and holding company with interests in a variety
of financial service firms specializing in wealth(*) and asset(xx) management.
The Jovian group of companies operates as a national financial services
organization with approximately $15.0 billion of client assets ($5.5 billion
in assets under management and $9.5 billion in assets under administration).
(*) Wealth management entities include MGI Securities Inc., MGI
Securities (USA) Inc. and Rice Financial Group Inc. (xx) Asset management
entities include, BetaPro Management Inc., Horizons Funds Inc., JovFunds
Management Inc., JovFunds Inc., Leon Frazer & Associates Inc. and T.E.
Wealth. Financial corporate service entities include Felcom Data Services
Inc. and Felcom Data Services (Quebec) Inc
For further information:
For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; or Steve Hawkins, Managing Partner,
JovFunds Management Inc., 1-866-601-2440; or Please visit
www.joviancapital.com and www.cmdf.com