AGF Funds Inc. announced on Wednesday changes to the team responsible for the firm’s fixed-income strategies.

Scott Colbourne has decided to leave AGF to pursue an entrepreneurial opportunity outside of the mutual fund industry. He served as lead portfolio manager for AGF Canadian Bond Fund, AGF Global Government Bond Fund, AGF Global High Yield Bond Fund, AGF RSP Global Bond Fund and the AGF-managed portion of Harmony Canadian Fixed Income Pool. His resignation is effective April 28.

These portfolio management responsibilities have been reassigned to Tristan Sones and Tom Nakamura who worked with Colbourne on the fixed-income team. AGF will conduct a search for a fixed-income portfolio manager with a consistent philosophy and approach to add to the team who manage these portfolios.