Sarbit Asset Management Inc. hires new Portfolio Manager

    WINNIPEG, Nov. 27 /CNW/ - Sarbit Asset Management Inc. (Sarbit) announced
today, the hiring of Thomas F. Ball as Executive Vice-President & Portfolio
Manager - Fixed Income.
    Tom Ball brings over 28 years bond and 17 years equity experience to
Sarbit. He has personally been responsible for managing pension funds and
insurance portfolios up to $6 billion in assets. His extensive background in
the financial industry began at Great West Life in 1977 and through the years
he has contributed to a variety of financial institutions both private and
public, among them; City of Regina and Calgary, Richardson Greenshields,
Insurance Corporation of British Columbia and most recently, the Manitoba
Civil Service Superannuation Board.
    Larry Sarbit, President and Chief Executive Officer of Sarbit Asset
Management, says "I am thrilled to have on board a seasoned manager whom I
have worked with before. Tom brings a wealth of experience in the field of
fixed income."
    Tom has achieved first quartile results over the last six years for bond
portfolios up to $5 billion in assets on a 4 year moving average basis
compared to the standard bond index. He has implemented several investment
programs/policies which have resulted in improved performance or additional
income at numerous former positions.
    "Fixed Income will play a larger and larger role in people's portfolios
as the baby boomers are now hitting the age of retirement. We are extremely
fortunate in acquiring someone of Tom's pedigree to run our existing fixed
income funds," adds Sarbit.
    Tom Ball has earned a CFA designation and will, subject to regulatory
approval, replace Nestor Theodorou who has run Sarbit's two fixed income
products since September of 2006. Theodorou has left to pursue other

    Sarbit Asset Management Inc. was founded in 2005 and is an investment
management firm providing investment advisory and related services. Sarbit
distributes its services through a diversified network of third party
financial advisors who look for a rational, common sense and business-like
approach to investing.

For further information:

For further information: Larry Sarbit, (204) 942-2177, 1-877-2SA-RBIT

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