Toronto, Ontario, June 8,
2012 - IA Clarington Investments Inc. ("IA
Clarington" or the "Company"), today announced the launch of three
new investment solutions to be managed by award-winning portfolio
manager David Taylor of Taylor Asset Management Inc. ("Taylor Asset
Management"). Mr. Taylor will manage IA Clarington Focused Canadian
Equity Class, and will partner with award-winning income specialist
Dan Bastasic of IA Clarington to manage IA Clarington Focused
Balanced Fund and IA Clarington Focused Balanced Class.
Mr. Taylor has over 24 years of experience
in the investment industry. Most recently he oversaw more than $8
billion in assets and managed a number of funds at a large Canadian
investment management firm, before leaving in 2011 to form Taylor
Asset Management. Funds under the direction of Mr. Taylor have
received several industry awards in the Canadian equity and
balanced fund categories.
"At IA Clarington, we believe that
together, active advice and active portfolio management can help
investors maximize their wealth and reach their financial goals.
Partnering with David Taylor is consistent with our philosophy of
appointing experienced managers with high conviction views and
proven track records of outperformance," said David Scandiffio,
President of IA Clarington.
These core funds will provide investors
with access to a distinct investment strategy for their
"I am excited to be managing these funds
for IA Clarington," said Mr. Taylor. "The firm is well respected in
the advisor community and it is important for me to partner with a
team that shares my commitment to advisors. IA Clarington has a
very strong stable of reputable portfolio managers, and I'm proud
to now be part of that line-up."
A core equity fund, IA Clarington Focused
Canadian Equity Class will invest in a concentrated mix of Canadian
equity securities with the flexibility to invest up to 49% in U.S.
and other foreign securities. The fund will capitalize on Mr.
Taylor's strict fundamentals-based research methodology aimed at
finding attractively priced stocks of quality companies.
IA Clarington Focused Balanced Fund and
Class will include a blend of equities and corporate bonds, to
provide a balance of long-term capital growth and a moderate level
of income, relying on Dan Bastasic for its fixed income component. IA Clarington Focused
Balanced Class will provide monthly tax efficient
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 $11.2 billion in assets as at April
30, 2012. www.iaclarington.com
About Taylor Asset
Taylor Asset Management Inc. is an
independent investment management firm, founded by award-winning
portfolio manager David Taylor to meet the needs of individual and
institutional investors. Our research-intensive, risk-sensitive,
fundamentals-based investment process focuses on identifying
securities that are undervalued to develop portfolios that deliver
strong long-term growth consistent with core
Equicom, a TMX Group Company
(416) 815-0700 ext. 251