Toronto, Ontario, March 7, 2012 - IA Clarington
Investments Inc. ("IA Clarington" or the "Company"), today
announced its intention to strengthen its product line-up by
entering into an exclusive agreement with Taylor Asset Management
Inc., led by renowned portfolio manager David Taylor, to serve as a
sub-advisor on new Canadian equity and Canadian balanced mutual
funds.
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 last fall to form Taylor Asset
Management.
"We are very excited about our exclusive agreement with Taylor
Asset Management. Partnering with David Taylor reflects our
commitment to providing our clients with access to portfolio
managers with proven track records and high conviction views," said
David Scandiffio, President of IA Clarington.
"In light of the constantly changing investment landscape,
Canadian investors need to have a broad range of investment
choices," added Mr. Scandiffio. "The experience and philosophy of
Taylor Asset Management will provide our investors access to a
distinct investment strategy for their portfolios."
"I am excited to be entering into a partnership with IA
Clarington. 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," said Mr. Taylor. "IA Clarington has a very
strong stable of reputable portfolio managers, and I'm proud to now
be part of that line-up." IA Clarington expects to announce further
details on the mandates to be managed by Taylor Asset Management in
the near future.
IA Clarington's addition of Taylor Asset Management reflects its
continued commitment to adding best-in-class money management
capabilities. In 2008, the Company added both Aston Hill
Investments Inc. and Sarbit Advisory Services Inc. as portfolio
sub-advisors. The following year, IA Clarington appointed QV
Investors Inc. to its Canadian Balanced Fund and in 2011, the
Company hired Dan Bastasic as Senior Vice President and Portfolio
Manager and appointed Radin Capital Partners Inc. to manage the IA
Clarington Global Equity Fund. IA Clarington is one of the fastest
growing mutual fund companies in Canada. The Company managed more
than $10.4 billion in assets as of December 31, 2011.
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. www.iaclarington.com
About Taylor Asset Management
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 investments.
For further information
Tim Foran
Account Executive
Equicom, a TMX Group Company
(416) 815-0700 ext. 251
Tforan@equicomgroup.com