TORONTO, March 26, 2013 /CNW/ - GCIC Ltd., manager of the Dynamic Funds, ("Dynamic Funds") announces portfolio manager changes to certain funds, including the decision to end the sub-advisory relationship with Marret Asset Management Inc. ("Marret"), effective today.
Marc-André Gaudreau, Vice President and Portfolio Manager of Dynamic Funds, has been appointed lead portfolio manager of the Dynamic High Yield Bond Fund, taking over from Marret. Mr. Gaudreau joined Dynamic Funds in October 2012 as part of the firm's focus to increase the depth of its investment management bench strength and fixed income investment capabilities and is the lead portfolio manager of the Dynamic High Yield Credit Fund.
In addition, Domenic Bellissimo, Vice President and Portfolio Manager of Dynamic Funds, has been appointed as lead portfolio manager of the Dynamic Corporate Bond Strategies Fund and Class, taking over from Marret.
Mr. Bellissimo has also been appointed as co-portfolio manager with Cecilia Mo, Vice President and Portfolio Manager of Dynamic Funds, of the Dynamic Value Balanced Fund and Class, taking over from Marret. Ms. Mo has acted as lead portfolio manager on these funds since October 2011.
Mr. Bellissimo has been a member of the fixed income team led by Michael McHugh, Vice President and Portfolio Manager, at Dynamic Funds since 2005 and brings his knowledge and expertise in investment-grade securities to the funds. He is currently a portfolio manager on Dynamic Advantage Bond Fund and Class, Dynamic Blue Chip Balanced Fund, Dynamic Blue Chip U.S. Balanced Class and Dynamic Short Term Bond Fund.
Ms. Mo has been a member of the team at Dynamic Funds since she joined the firm in October 2011. She is a multi-award winning money manager and has managed the following mandates, in addition to the Dynamic Value Balanced Fund and Class, since joining the firm: Dynamic Value Fund of Canada, Dynamic Canadian Value Class, DMP Canadian Value Class, Dynamic Dividend Advantage Fund and Class, and DMP Value Balanced Class.
The investment objectives, investment strategies and approach of the impacted funds remain unchanged.
About Dynamic Funds
Dynamic Funds is a division of GCIC Ltd. ("GCIC"), which is a subsidiary of DundeeWealth Inc. and the manager of the funds mentioned above. GCIC offers a wide range of wealth management solutions through financial advisors. These include the mutual funds and hedge funds of Dynamic Funds, the portfolio solutions of the Marquis Investment Program and the high net worth investment counsel of DundeeWealth Investment Counsel. DundeeWealth Inc. is a wholly owned subsidiary of Scotiabank and part of the Bank's Global Wealth Management business line.
SOURCE: GCIC Ltd.
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