Calgary-based Canoe Financial LP is welcoming Marc Goldfried into the fold as senior vice president and chief investment officer (CIO).
Goldfried, a portfolio manager with more than 24 years of experience in the fixed-income space, joins Canoe from Toronto-based Aegon Capital Management Inc., at which he was CIO, senior vice president and head of fixed-income investments. He managed more than $10 billion with Aegon, including assets within certain Canoe funds.
“Marc’s extensive experience in fixed-income markets further enhances our existing award-winning internal portfolio management capabilities,” says Darcy Hulston, president and CEO of Canoe, in a statement released on Friday. “Marc’s exceptional work ethic and unparalleled client focus makes him a perfect fit for Canoe’s entrepreneurial and customer service-oriented culture.”
Goldfried’s move to Canoe means he will continue to manage the firm’s fixed-income portfolios, including Canoe Bond Advantage Fund/Class, Canoe Enhanced Income Fund/Class, Canoe Equity Income Class and Canoe North American Monthly Income Class.
Rob Taylor, Canoe’s North American equity portfolio manager, will now manage the equity portions of the latter three funds.
Canoe also announced on Friday that it has terminated its advisory agreements with Aegon and its subadvisory agreement with Toronto-based Clairwood Capital Management Inc., which is effective until Dec. 31.
However, Aegon USA Investment Management LLC, based in Cedar Rapids, Iowa, will continue to act as subadvisor for Canoe Strategic High Yield Fund/Class and Canoe Global Income Fund/Class.
Canoe has also decided to bring the management of Canoe Global Value Class in-house, thereby ending its subadvisory agreement with Victoria-based McElvaine Investment Management Ltd., effective Dec. 31.