AGF Investments Inc. said Tuesday it acquired Robitaille Asset Management Inc., a Montreal-based investment firm responsible for the management of AGF Dividend Income Fund.
The two firms have also amalgamated, continuing as one company under the name AGF Investments Inc.
Founded by Marc-André Robitaille in 2007, RAM has more than $615 million in assets under management, and specializes in Canadian equity and income mandates.
As a result of the acquisition, Robitaille and his team will join AGF’s investment management team. They will remain based in Montreal and will play a key role as AGF strengthens its commitment to the Quebec and Eastern Canada market.
Robitaille remains the lead portfolio manager on AGF Dividend Income Fund. He will also manage the equity component of AGF Traditional Balanced Fund, while Tristan Sones will continue to lead the fixed income component.
Toronto-based AGF Management Ltd. (TSX:AGF.B) offers mutual funds and other investments to investors as well as manages assets on behalf of institutional investors.