Northwest Mutual Funds Inc. today announced that Foyston, Gordon & Payne of Toronto will assume the sub-advisory duties of the Northwest International Fund by October.

“Our rigorous search process was driven by the best interests of our unitholders and advisors, and led us to explore some of the best firms in the world.” said Michael Butler, president and CEO of Northwest Mutual Funds Inc.

“We only considered portfolio managers with exceptional track records of capital preservation and risk management,” said Butler. “FGP has a similar philosophy and exceptional track record which makes them an ideal choice to manage the Northwest International Fund.”

FGP was founded in 1980 in Toronto as a value manager for pension plans, foundations and wealthy individuals. FGP’s current portfolio of $2 billion assets under administration is a result of a methodical and steady approach to growing assets. “After meeting with Northwest and researching their investment philosophy, I was struck by how well it meshes with how we, in fact, look at the world of investing,” said Brian Goldstein, senior partner at FGP.

Both FGP and Northwest Mutual Funds are majority owned by parent company First Asset Management Inc. “Ownership was not a factor in our decision.” said Butler. “Over time it became obvious that FGP’s focus, methodology, dedication and performance track record were more than enough to earn them this mandate.”