Toronto, Ontario, September 19, 2011 - IA
Clarington Investments Inc. ("IA Clarington" or the "Company") has
entered into an exclusive agreement with Radin Capital Partners
Inc. ("Radin Capital Partners") to serve as a sub-advisor for three
of its global equity mandates. This agreement will result in Brad
Radin assuming lead portfolio management responsibility for IA
Clarington Global Equity Fund, IA Clarington Global Equity Class,
and IA Clarington Global Small Cap Fund on or after November 1,
2011 (subject to regulatory and other approvals).
Mr. Radin, an award-winning manager with over 18 years of
investment industry experience, is already well known to the
Canadian investment community. Before founding Radin Capital
Partners in June of 2011, he was a portfolio manager with the
Templeton Global Equity Group for more than 15 years and managed
over $3.5 billion in assets. Mr. Radin left Templeton in February
2011.
"IA Clarington is firmly committed to providing our clients with
access to portfolio managers who have proven track records of
outperformance. The appointment of Brad Radin and Radin Capital
Partners is in keeping with our philosophy of engaging experienced
managers with active management styles and high-conviction views,"
said David Scandiffio, President of IA Clarington. "As the global
investment landscape continues to evolve, I believe Canadian
investors should be given increased access to the broad range of
investment opportunities that exist outside our borders. Radin
Capital Partners is uniquely positioned to offer access to some of
the strongest global investment opportunities based on the
company's disciplined investment philosophy, which has been honed
over almost two decades."
"Today's global equity markets are volatile from a historical
standpoint, helping to create some outstanding investment
opportunities. The key is finding the strongest global
opportunities through a proven research process," said Mr. Radin.
"A diversified portfolio of well chosen global companies can help
investors position themselves to make the most of today's market
opportunities. IA Clarington offers an ideal platform for Radin
Capital Partners' unique global investment style, and the Radin
Capital team is tremendously excited to be working with one of
Canada's fastest-growing mutual fund companies."
This agreement is subject to conditions, including Radin Capital
Partners becoming registered as a portfolio manager with the
applicable securities regulatory authorities and satisfactory due
diligence by IA Clarington being completed between November 1,
2011, and February 28, 2012.
About IA Clarington
IA Clarington Investments Inc., a subsidiary of Industrial
Alliance Insurance and Financial Services Inc., markets a wide
range of investment products, including mutual funds and segregated
funds managed by leading portfolio advisors. The company's
philosophy is to select outstanding money managers from across
Canada and around the world to manage its funds. IA Clarington
managed more than $10.6 billion in assets as at June 30, 2011. www.iaclarington.com
About Radin Capital Partners
Radin Capital Partners is an independent investment management
firm founded in 2011 to provide sophisticated investors with a
high-performing global equity mandate for their long-term
portfolios. Radin Capital Partners manages value-focused investment
portfolios of small- to mid-capitalization companies from around
the globe. The Radin Capital Partners team adheres to a focused,
high-conviction investment approach that seeks to produce strong
long-term absolute returns.
For further information:
Crystal Quast
Senior Director, Media Relations
Equicom, a TMX Group Company
(416) 815-0700 ext. 252
CQuast@equicomgroup.com