TORONTO, Dec. 11 /CNW/ - James Hymas, president of Hymas Investment
Management Inc., welcomed the announcement of Canada's second actively managed
mutual fund concentrated on preferred shares.
"Malachite Aggressive Preferred Fund has, since its inception in March,
2001, shown the value of active management in the preferred share marketplace.
While the new Omega Preferred Equity Fund has a mandate allowing for
investment in a wide variety of asset classes, the fund sponsor has announced
the intention to concentrate on preferred shares. I will be watching them
build their performance track-record with keen interest," he said.
Mr. Hymas commenced his fixed income portfolio management career in 1992,
with Greydanus, Boeckh & Associates Inc. At the time of the firm's sale in
1999, he was Chief Operating Officer, with portfolio management
responsibilities for the firm's $1.7-billion under management. Since founding
Hymas Investment Management Inc. in 2000, he has devoted himself to developing
analytical frameworks for the analysis of Canadian preferred shares; he writes
a daily blog providing news of interest to preferred share investors at
Malachite Aggressive Preferred Fund is available to accredited investors
across Canada. Full documentation is available through the Hymas Investment
Management website at http://www.himivest.com.
The statements and analyses in this press release are based on material
believed by Hymas Investment Management Inc. ("HIMI") to be reliable, but
cannot be guaranteed to be accurate or complete. The views expressed herein
should not be construed as constituting investment, legal or tax advice to any
investor, nor as an offer or solicitation of an offer to buy or sell any of
the securities mentioned herein. Such views are provided for information
purposes only, and neither HIMI nor any of its directors, officers or
shareholders accept any liability for investment decisions which are based
upon the information contained or views expressed herein. Particular
investments and investing strategies should be evaluated relative to each
investor's individual financial situation, investment objectives and risk
tolerances, among other factors, and this evaluation should be made by the
investor in conjunction with his or her investment and other appropriate
advisors. HIMI and its directors, officers and shareholders may from time to
time hold long or short positions in the securities discussed in this press
release, either on their own behalf or on behalf or individual client accounts
or investment funds managed by HIMI.
For further information:
For further information: James Hymas, (416) 604-4204,