SEAMARK Asset Management Ltd. today announced second quarter earnings of $0.06 per share. As previously announced, assets under management ended the first quarter at $4.5 billion.

“Overall, I am pleased with the outcome of the changes we implemented one year ago,” said Stuart R. Raftus, President & CEO. “Investment performance over the past year has been strong, particularly in Canadian equities and fixed income. Our focused approach to client service has laid the foundation for stronger client relations and future new business development.”

“Earlier this month Rémi Roger was appointed Head of Fixed Income, reporting to our Chief Investment Officer, Tom MacLaren. Rémi has played a leading role in the recent successes of our fixed income mandates. His appointment is another step towards ensuring we have the right people in the right roles to continue to deliver results for clients.”

“As we continue to move the business forward, we are planning the launch of our own family of mutual funds. This provides us another channel from which to leverage the same disciplined investment management services we continue to deliver to institutional and high net worth private clients.”

“Business conditions remain challenging, as reflected in our total assets under management. We remain focused on the fundamentals of our business, investment performance and client relations, and on creating long-term shareholder value.”