Mackenzie Financial today named vice presidents and investment managers, Stephanie Griffiths and Joe Mastrolonardo as the new co-managers of the Industrial Equity Fund Limited, effective immediately.

Griffiths and Mastrolonardo replace former manager, Ian Osler, who is leaving to pursue other opportunities. Griffiths and Mastrolonardo have been at Mackenzie since 1997.

“Stephanie’s and Joe’s thorough understanding and expertise in the small-to-mid-cap market will be a tremendous asset to the Industrial Equity Fund, and their team approach to uncovering unique opportunities will serve investors well,” says Phil Cunningham, president, Mackenzie Financial Services Inc.

Along with their new responsibilities for the Industrial Equity Fund Limited, Griffiths and Mastrolonardo co-manage The Mackenzie Ivy Enterprise Fund. Through a disciplined bottom-up investment process, The Mackenzie Ivy Enterprise Fund seeks to own proven businesses with unique competitive advantages, for the long term. The Fund attempts to uncover smaller companies that have a global business scope and a leadership position in a growing niche market.

The Industrial Equity Fund Limited also follows a highly disciplined strategy that seeks to maximize growth while reducing the risk associated with investing in smaller companies. The Fund invests in small-to-mid-sized growth companies with established products and markets.