TORONTO, April 27 /CNW/ - Northwood Stephens Private Counsel Inc.
announced today that it is in the process of setting up a new family of pooled
funds to replace its existing family of mutual funds, the NSC Group of Funds.
As part of this new arrangement, Northwood Stephens, the Manager of the
NSC Group of Funds has received an exemption from the Ontario Securities
Commission from the requirement to have an Independent Review Committee in
place by May 1st. The NSC Group of Funds will be terminated on or before
September 30, 2007.
"These new pooled funds will build on the basic core of the existing
Northwood Stephens investment management for the NSC Group of Funds and
further broaden the scope of services offered to our clients in the future,"
said Ian Dalrymple, Chairman and Chief Investment Officer, Northwood Stephens,
"and provide access to certain investment mandates not generally available on
a segregated basis." Certain of these new pooled funds will be sub-advised by
leading investment managers from around the world.
Northwood Stephens is an independent, multi-family office, providing
comprehensive Net Worth Management(TM) to successful families, entrepreneurs
and senior executives. Northwood Stephens was ranked as the No. 1 Independent
Family Office in Canada by Euromoney magazine in its 2007 global private
banking survey. For more information on Northwood Stephens, please visit
For further information:
For further information: Tom McCullough, President & CEO,
firstname.lastname@example.org, (416) 502-6288; Brian Ginsler, Vice
President, email@example.com, (416) 502-6290