Mackenzie Announces Plans to Appoint New Leadership of the Ivy Investment Team

    TORONTO, Jan. 7 /CNW/ - Mackenzie Financial Corporation ("Mackenzie
Investments"), as manager of the Ivy managed mutual funds(1), today announced
that Jerry Javasky, head of its Ivy investment team, plans to transition from
team lead to an advisory role with the intention to retire from the investment
business. Paul Musson CFA, Senior Vice President, Mackenzie Financial
Corporation, his hand-chosen successor and co-manager with Mr. Javasky on many
of the Ivy fund mandates, will take on the role of Ivy team lead in February.
    Javasky will remain active in the firm until the end of March to ensure a
seamless leadership transition and will be available to the team in an
advisory and consultative role into the future. Mr. Javasky will remain an
investor in the Ivy funds.
    "We have been preparing for this day within the Ivy family by building a
talented team of like-minded managers over the past decade" said Javasky.
"Each member of the team is dedicated to preserving those attributes that
define the Ivy investment style."
    Jerry Javasky joined Mackenzie in 1992. During his tenure, the Ivy Funds
have shown consistent superior risk-adjusted performance through the diligent
application of the Ivy investment process. "The capacity of the Ivy team to
preserve investor capital was put to the test in 2008, and by most people's
definition they have passed that test extremely well." said David Feather,
President, Mackenzie Financial Services Inc.
    Since 1997, Javasky has carefully selected and mentored a team who all
share a common investment philosophy, and who have become integral and full
practitioners of the Ivy investment style. That team includes:

    -   Paul Musson, CFA, who joined the Ivy team in February, 2000 and has
        14 years investment experience
    -   Stephanie Griffiths, CFA, who joined in May, 1997, and has 13 years
        of investment experience
    -   David Arpin, CFA, who joined in July, 2000 and has 13 years of
        investment experience
    -   Abe Gottesman, CFA, who joined in July 2001 with 5 years of previous
        financial experience, and
    -   Matt Moody, CFA, who joined in November, 2005, with 4 years of
        financial experience.

    Mackenzie's Ivy team will continue to follow its distinct investment
approach for the benefit of Canadian investors over the long term.

    Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $54.7 billion in assets under management as at December 31,
2008, Mackenzie Investments distributes its services through a diversified
network of third-party financial advisors. Mackenzie Investments is a member
of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one
of Canada's premier financial services companies with $101 billion in total
assets under management as at December 31, 2008.

    (1) The applicable funds for this release are: Mackenzie Ivy Canadian
    Fund, Mackenzie Ivy Canadian Class, Mackenzie Ivy Growth & Income Fund ,
    Mackenzie Ivy Foreign Equity Fund, Mackenzie Ivy Foreign Equity Class,
    Mackenzie Ivy Global Balanced, Mackenzie Ivy American Class, Mackenzie
    Focus Class, Mackenzie Focus Canada Fund, Mackenzie Focus Canada Class,
    Mackenzie Focus International Class

For further information:

For further information: Catharine Marion, Environics Communications
Inc., (416) 969-2809,

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