MONTREAL, Dec. 15, 2016 /CNW Telbec/ - Pier 21 Asset Management Inc. ("Pier 21") today announced that its portfolio sub-advisor – Carnegie Asset Management – will be changing its name to C WorldWide Asset Management effective March 2017. Carnegie Asset Management is available in Canada exclusively through Pier 21 Asset Management.
In addition to its blue-chip institutional client base in Canada, Pier 21 offers two Canadian-domiciled institutional investment pools sub-advised by Carnegie Asset Management: the Pier 21 WorldWide Equity Pool (global equity) and the Pier 21 International Equity Pool (EAFE Plus). Both pools are quality mega-cap and high conviction portfolios of 30 stocks, selected through the same and proven investment process that built Carnegie's reputation over the last 30 years.
"Pier 21 is dedicated to providing Canadian institutional investors with best-in-class foreign investment management expertise", said David Star, President & CEO, Pier 21 Asset Management, "and will continue to do so with its exclusive C WorldWide Asset Management relationship in Canada".
For many years, Carnegie shared the same name as Carnegie Investment Bank, and in 2009 the firm agreed to spin out the asset management group from the investment bank to be an independent company. It is now time to rebrand the asset management company to reflect its independence. "Despite the name change, the company's current structure, team of portfolio managers, and investment process remain unchanged", says Star.
About Pier 21 Asset Management Inc.
Pier 21 Asset Management Inc. was founded in 2005, and is a Montreal-based asset management firm focused on providing quality investment solutions to Canadian institutional investors, through the exclusive access to select foreign-based portfolio managers, otherwise unavailable in Canada. With over $4 billion in assets under management, of which over $700 million are in pools, Pier 21 is committed to remain Canada's gateway to global investment opportunities. Please visit us at www.pier21am.com.
SOURCE Pier 21 Asset Management Inc.
For further information: David M. Star, President & CEO, Pier 21 Asset Management Inc., Tel: 514-397-4027, Email: [email protected]