(November 13 – 15:10 ET) – Clarington Funds Inc. reports that Nicholas-Applegate Capital Management, based in San Diego, will become the portfolio advisor of the Clarington U.S. Equity Fund. Nicholas-Applegate will replace Fleming Asset Management (Canada) Inc., on or about November 30.

“We are delighted that Nicholas-Applegate has agreed to manage the Clarington U.S. Equity Fund. They have an excellent performance record and a very impressive investment management team,” says Terry Stone, Clarington’s chairman and CEO.

Nicholas-Applegate enploys a growth investment philosophy based on a bottom-up stock selection process. Its portfolios emphasize securities that have dramatic earnings accelerations, sustainable growth and positive relative price momentum. As a growth-equity specialist, Nicholas-Applegate actively manages its funds to maximize total return, while reducing risk at every stage of the investment management process

Nicholas-Applegate was founded in 1984 and currently manages about US$40 billion in assets.
-IE Staff