TORONTO, March 8, 2012 /CNW/ - Invesco Canada is pleased to announce that Michael Hatcher has assumed leadership of Trimark Fund, working with the existing team of Darren McKiernan (co-manager), Jeff Feng (co-manager) and Kevin Kaminski (portfolio analyst). This team has been involved with managing Trimark funds for the past two years, which will ensure continued strong leadership for one of Trimark's two flagship funds.
These proven investment professionals have a successful track record of delivering top quartile investment performance to clients on a variety of funds - Trimark Fund, as well as Trimark Global Fundamental Equity Fund/Class, Trimark Europlus Fund, Trimark Global Dividend Class and Trimark International Companies Fund/Class. The managers have worked together for nearly seven years (at Invesco Canada and at their previous employer), and have delivered solid results over time. Trimark Fund will continue to be managed employing the time-tested Trimark discipline, using a long-term, bottom-up approach to identify high-quality, well-managed businesses that are undervalued based on the management team's estimation of their long-term growth prospects.
"The managers have delivered outstanding results applying the Trimark investment approach to their funds," said Peter Intraligi, President of Invesco Canada. "They are extremely qualified and we're confident they will continue to successfully apply that approach to Trimark Fund going forward."
Mr. Hatcher will continue to serve as part of Trimark's investment leadership team as the Head of Global Equities and Director of Research.
Dana Love, who previously served as portfolio manager on Trimark Fund, will be leaving Invesco Canada. "We thank Dana for his contributions to our business, and wish him well in his future endeavors," said Mr. Intraligi.
Each of the portfolio managers has extensive experience managing investments on behalf of clients:
- Michael Hatcher currently serves as a member of Invesco Canada's investment leadership team. He has more than 15 years of investment management experience and is lead portfolio manager of Trimark Europlus Fund and Trimark Global Fundamental Equity Fund/Class. Previously he held the position of Vice President at an established asset management firm and was a senior member of the team that was responsible for managing more than $400 million in European equities.
- Darren McKiernan has more than 15 years of investment experience and is lead portfolio manager on Trimark Global Dividend Class. Previously, he was a vice president and portfolio manager on a team that managed more than $1 billion of equity investments with an established asset management firm.
- Jeff Feng has more than 12 years of investment management experience and is lead portfolio manager of Trimark International Companies Fund/Class. Previously, Mr. Feng worked at an established asset management firm, where he was Vice President, EAFE Equities, and was a senior member of the team responsible for managing over $300 million in Asia-Pacific assets.
- Kevin Kaminski joined Invesco Canada in 2007 and started supporting Trimark Fund as an investment analyst in September 2009. He joined from Scotia Capital, where he worked as an equity research associate covering the telecom and cable sectors.
Each of the portfolio managers retains lead responsibility for managing their existing portfolios.
Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing. Copies are available from your advisor or Invesco Canada Ltd.
Invesco is a registered business name of Invesco Canada Ltd., one of Canada's largest investment management companies. A subsidiary of Invesco Ltd., Invesco Canada offers a diversified suite of investment solutions to institutions, organizations, companies and individual investors across Canada and around the world. Invesco Ltd. is a leading independent global investment manager, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco Ltd. provides a wide range of investment strategies and vehicles to our retail, institutional and high-net-worth clients around the world. Operating in more than 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
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Vice President, Corporate Affairs