(December 6 – 09:20 ET) – Fund industry consolidator First International Asset Management Inc. is announcing that it has signed Brendan Kyne.
Kyne was a portfolio manager for Chicago-based Driehaus Capital Management Inc. He will now be portfolio manager for Triax Investment Management Inc.
Kyne will manage the newly-created Marathon Plus Aggressive Growth Fund, a small cap fund that will be available by December 15. Last week, First Asset closed its acquisition of Marathon Mutual Funds.
First International says Wayne Deans of Deans Knight Capital Management Ltd. will remain as the portfolio manager for the Marathon Equity Fund and Marathon Resource Funds.
Michael Simonetta, chief operating officer of First Asset says, “We are looking to add a number of funds to our recently acquired high performance Marathon fund platform, and securing Mr. Kyne’s talents will make it that much easier for us to get off to a running start.” Simonetta reiterated First International’s intention to launch new Marathon funds and to beging marketing them aggressively.
Gord McMillan, president of Triax, says, “Triax is now aggressively expanding its presence in the retail mutual fund sector, and the addition of Brendan will greatly assist in this new strategic thrust.”
-IE Staff
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