(August 21 – 17:30 ET) — Laketon Investment Management Ltd. says that it has joined the Russell family of fund managers. The investment management firm says it will be investing in excess of $500 million on behalf of Russell clients as the growth manager for the Sovereign Canadian Equity Pool and the Russell Canadian Equity Fund.
The Sovereign Canadian Equity Pool is available through Russell’s alliance with RBC Dominion Securities and the Sovereign Investment Program. Russell markets the Russell Canadian Equity Fund directly to institutional investors.
“It is particularly exciting to be part of Frank Russell’s investment program, as we regard Russell to be a global leader in the arena of ‘Manager of Managers’ fund structures and consulting. We look forward to a strong relationship that contributes to the future growth of the Russell family of funds”, said Jock Fleming, president & CEO of Laketon.
Tim Hicks, portfolio manager for Russell’s Canadian investment products, added that “Russell conducted a thorough analysis of Canadian equity management firms and concluded that Laketon’s premium growth Canadian equity style was best suited to manage the growth component of our funds. We were particularly impressed by Laketon’s disciplined approach, consistency of style and exceptional performance.”
-IE Staff