AGF Funds Inc. reports that AGF Management Ltd. Vice Chairman Robert Farquharson, one of Canada’s leading investment managers, will assume full portfolio management responsibilities for AGF Canadian Growth Equity Fund, AGF Canadian Resources Fund, AGF Global Resources Class and AGF Precious Metals Fund, effective immediately.

Today’s announcement follows the January 25 resignation of Charles Oliver and Jamie Horvat, who had both previously worked with Farquharson.

Farquharson is also assuming management of AGF Canadian Small Cap Fund and AGF Funds Inc.’s portion of Harmony Americas Small Cap Equity Pool.

Farquharson has over four decades of investment management experience and has been with AGF since 1963. He has been one of the lead managers for four of these funds for a number of years. He served as chief investment officer until 2005 and continues as a director and vice chairman of AGF Management Ltd.. In addition, he is chairman of AGF Asset Management Asia Ltd. and AGF International Advisors Company Ltd..

Farquharson will continue to draw on the strength of AGF’s investment management team. AGF associate portfolio manager Coulter Wright is also being added to the AGF Canadian Growth Equity Fund.

“At AGF, we have worked hard to build a world-class investment management team that has depth and breadth of talent and delivers strong performance,” says Randy Ambrosie, presdent of AGF Funds Inc. “Our managers and their teams have been successfully managing investors’ assets for 50 years. Continuity in fund management is an important factor in providing investors with long-term value and our team focus helps fulfill this commitment.”

AGF also announced that it is conducting a search to recruit at least one new investment management professional specializing in Canadian and global resources to continue to supplement the strength of its investment management and North American equities teams.

“We have built a culture within AGF that enables us to grow and develop talented investment professionals,” adds Martin Hubbes, executive vp and chief investment officer. “This internal strength, combined with an environment that encourages innovative thinking, ingenuity and information sharing, are attractive features in recruiting world-class investment management professionals to our teams.”