iA Clarington Investments announces portfolio manager change for three mandates
TORONTO, Oct. 5, 2018 /CNW/ - IA Clarington Investments Inc. ("iA Clarington") has announced that effective today, Michael Formuziewich and Peter Prattas will be co-lead portfolio managers for IA Clarington Growth & Income Fund, IA Clarington North American Opportunities Class, IA Clarington Canadian Conservative Equity Fund, IA Clarington Canadian Conservative Equity Class and IA Clarington Canadian Conservative Equity GIF ("the Funds"). Jeff Sujitno continues as a portfolio manager for IA Clarington Growth & Income Fund, contributing to the mandate's allocation to floating and fixed-rate income securities.
Mr. Formuziewich and Mr. Prattas are taking over lead portfolio management responsibilities from Terry Thib, who has resigned from iA Clarington to pursue opportunities outside of the mutual fund industry.
Mr. Formuziewich began his investment industry career in 1994 and has been on the investment management team for IA Clarington Canadian Conservative Equity Fund, IA Clarington Canadian Conservative Equity Class and IA Clarington Canadian Conservative Equity GIF since 2009; he has been a portfolio manager for all three mandates since 2016.
Mr. Prattas has over 15 years of fundamental equity research experience and has been a portfolio manager for the Funds since 2017.
"Terry Thib has been a highly valued portfolio manager for iA Clarington and we wish him all the very best in his future endeavours. The appointment of Mr. Formuziewich and Mr. Prattas, both very talented investment professionals who have been deeply involved in the day-to-day management of the Funds, along with Mr. Sujitno on IA Clarington Growth & Income Fund, ensures a seamless transition and complete continuity for all three mandates," said Eric Frape, Senior Vice-President, Product & Investments, iA Clarington.
For more information, please contact your financial advisor.
About IA Clarington Investments Inc.
A subsidiary of Industrial Alliance Insurance and Financial Services Inc. – Canada's fourth-largest life and health insurance company – iA Clarington offers a wide range of investment products, including actively managed mutual funds, managed portfolio solutions and socially responsible investments. As of September 30, 2018, iA Clarington has more than $15 billion in assets under management. For more information, please visit iaclarington.com
SOURCE IA Clarington Investments Inc.
Rob Martin, VP, Product Management & Marketing, iA Clarington Investments, [email protected], T: 416-869-9880 ext. 8070
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