TORONTO, Sept. 9, 2013 /CNW/ - IA Clarington Investments Inc. ("IA Clarington" or the "Company"), today announced the hiring of portfolio manager Jeff Sujitno as Vice President, Portfolio Manager.
"Jeff's hiring further strengthens our capabilities in the large and growing market for income mandates," said David Scandiffio, President, IA Clarington. "We are extremely pleased to add a talented money manager like Jeff to our team. We continue to see tremendous opportunities in the income segment, driven by Canadian investors' appetite for yield."
In his most recent role, Mr. Sujitno was lead portfolio manager for the fixed income and credit mandates of a boutique Canadian investment firm. In this position, he managed several funds, led the fixed income team and created the firm's senior loan business. Prior to this Mr. Sujitno managed institutional funds investing in mezzanine loans and private equity on behalf of Canada's largest pension plans. Mr. Sujitno has more than 13 years of investment experience. He is a Chartered Accountant and Chartered Investment Manager.
"I am very excited to join IA Clarington," Mr. Sujitno said. "My specialty in floating rate senior loans is well suited for a rising interest rate environment and this is a relatively new asset class for Canadian advisors and investors that we hope to expand."
"Jeff's hiring gives us additional capacity to further build on IA Clarington's positive momentum and continue to increase our assets under management," added Scandiffio.
About IA Clarington
IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds and segregated funds managed by leading portfolio advisors. The Company's philosophy is to select best in class money managers from across Canada and around the world to manage its funds. IA Clarington managed approximately $13.6 billion in assets as at August 31, 2013. www.iaclarington.com
SOURCE: IA Clarington Investments Inc.
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