(April 20 – 16:50 ET) – YMG Capital Management Inc. has released its annual report setting out the firm’s goals for 2001.

The firm says it now ranks among the 20 largest money managers in Canada, thanks to growth in both its institutional and retail money management business. “In 2001, we are ready to sharpen our focus on our clients and their evolving needs.”

YMG says it is one of the few full-service, multi style, multi-product investment firms, and that it plans to actively pursue the opportunity. The firm says its principal challenge for the future is to improve the
delivery of its products “through improved contact and communication with clients and improved operational efficiencies”.

Its specific goals for 2001 include improving profit margin through increased revenue from internally generated new business, increasing institutional fee revenue by 15%, and improving institutional client service through increased contact, more frequent and consistent consultant coverage, and launching interactive website for clients.

It also aims to expand its private wealth capabilities by adding an experienced portfolio manager, with
the goal of increasing private wealth revenues by 30%.
-IE Staff