TORONTO, July 2, 2013 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) announced today that Fred Sturm, portfolio manager and team lead of the Mackenzie Resource Team, has chosen to retire on August 31 following a long and productive career in the investment industry.
"Having joined Mackenzie in 1981, Fred has devoted the past 32 years to our company and to investors in the funds he has managed," said Tony Elavia, Chief Investment Officer at Mackenzie Investments. "On behalf of the entire Investment Team, I thank Fred for his many contributions and congratulate him on his upcoming retirement."
Mr. Sturm has captured several fund industry awards over his illustrious career, including the distinction as Analysts' Choice Fund Manager of the Year at the 2004 Morningstar Canadian Investment Awards.
Benoit Gervais, who has helped develop and implement the team's investment disciplines with Mr. Sturm over the past 12 years, and has been co-manager with him on all the resource and precious metals funds*, will succeed Mr. Sturm in the role of Mackenzie Resource Team Lead. In recognition of his added responsibilities, Mr. Gervais has been promoted to Senior Vice President.
"Fred and Benoit share a like-minded approach to investing," said Mr. Elavia. "I'm confident there will be a smooth transition as Benoit takes on his new responsibilities."
* Funds are Mackenzie Universal Canadian Resource Fund, Mackenzie Universal Gold Bullion Class, Mackenzie Universal Precious Metals Fund, Mackenzie Universal World Precious Metals Class and Mackenzie Universal World Resource Class. On or about August 16, Mackenzie Universal Precious Metals Fund will merge into Mackenzie Universal World Precious Metals Class.
About the Morningstar® Canadian Investment Awards™
The Morningstar® Canadian Investment Awards™ honours companies and individuals for superior investment products, service and education. The awards are determined by panels of industry experts and Morningstar analysts. The focus is on long-term track records. For complete information, visit www.investmentawards.com.
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $65 billion in assets under management as at May 31, 2013, Mackenzie Investments distributes its investment services through multiple distribution channels to both retail and institutional investors. 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 $127.1 billion in total assets under management as at May 31, 2013. For more information, visit mackenzieinvestments.com.
SOURCE: Mackenzie Investments
Stephen Lee
Director, Communications and Media Relations
Mackenzie Investments
416-967-2166
[email protected]
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