Canada-based AGF Funds has added 10 new portfolio managers to its Harmony managed asset programme. According to AGF, it has increased the number of portfolio managers on three of the Harmony pools to further enhance portfolio diversification and return potential for investors. Current portfolio managers INTECH Investment Management and Systematic Financial Management will be joined on the Harmony US Equity Pool by Goldman Sachs Asset Management for Strategic Value; Rainier Investment Management for Large Cap Growth; and Turner Investment Partners for Small Cap Core. William Blair & Company will no longer be a portfolio manager for the pool.
The company has said that current portfolio managers McKinley Capital Management and Principal Global Investors will be joined on the Harmony Overseas Equity Pool by AllianceBernstein Canada for International Value; Martin Currie for GARP; and Tradewinds Global Investors for International Value. Harris Associates will no longer be a portfolio manager for the pool.
Current portfolio manager Ridgewood Capital Asset Management will be joined on the Harmony Canadian Equity Pool by Connor, Clark & Lunn Investment Management for Quantitative Value; Highstreet Asset Management for Quantitative Small Cap; MFC Global Investment Management Canada for Large Cap Growth; and Scheer, Rowlett & Associates Investment Management for Fundamental Value. Foyston, Gordon & Payne and AGF Funds will no longer be portfolio managers for the pool.
AGF said that each of these portfolio managers were recommended by Wilshire Associates, which provides its independent, third-party money management expertise to advise on asset allocation, manager selection and portfolio construction for AGF’s Harmony managed asset programme. Randy Ambrosie, president of AGF Funds, said: In the current economic environment advisers are telling us that their clients continue to look for financial solutions that effectively balance risk management with the potential for returns. Our enhancements to the Harmony programme will give investors even greater access to top institutional management to help meet those needs.
