TORONTO, Oct. 22, 2013 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Private Funds, announced today that Epoch Investment Partners, Inc. (Epoch), will assume portfolio adviser responsibilities for the TD Private International Equity Fund (the Fund) from TDAM, effective on or about November 12, 2013.
Epoch's appointment as portfolio adviser follows TD Bank Group's acquisition of Epoch Holding Corporation on March 27, 2013.
There will be no change to the Fund's investment objectives, however, the Fund's investment strategies will change to include Epoch's philosophy of investing in companies that have the ability to generate free cash flow and effectively allocate capital, which Epoch believes represents the best predictor of long-term shareholder return.
Epoch is a successful asset management firm based in New York City. Founded in 2004, Epoch has 78 employees and an investment team with more than 20 years of investment management experience each, on average. As of September 30, 2013, Epoch managed approximately US $34.6 billion assets under management for clients around the world.
About TD Asset Management Inc.
TD Asset Management is a North American investment manager operating as TD Asset Management Inc. in Canada and TDAM USA Inc. in the U.S. TDAM manages over CDN$215.2 billion in assets as at June 30, 2013.TDAM offers investment solutions to corporations, pension funds, endowments, foundations and high net worth individuals. A cornerstone of the success of TDAM's investment strategies has been the firm's disciplined and risk-controlled approach to investment, along with its ability to innovate progressive solutions that meet clients' changing needs and objectives.
Under TD Private Funds, TDAM manages approximately CDN$8 billion in assets, as of August 31, 2013. TD Waterhouse Private Investment Counsel Inc. is one of Canada's largest private client money management firms with an extensive network of professional portfolio managers who provide discretionary investment management services to high net worth individuals and their families, small and mid-size corporations, charitable organizations and foundations, and executors and trustees from coast to coast.
SOURCE: TD Asset Management Inc.
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