Hexavest Inc. has been added as a portfolio manager of the Harmony Overseas Equity Pool, an investment pool within AGF’s Harmony managed asset program, AGF Investments Inc. said Monday.

Founded in 2004, Hexavest is an independent investment management firm located in Montreal. It provides discretionary investment management of European, Asian, U.S. and Canadian equities and tactical asset allocation for institutional clients.

Hexavest was chosen for its disciplined investment process and distinctive investment style. “Hexavest employs a top-down macroeconomic approach that exhibits unique characteristics and low correlations to the existing managers in the Pool, which further enhances portfolio diversification and return potential for investors,” says Rob Badun, executive vice president of AGF Investments Inc.

Hexavest replaces Tradewinds Global Investors LLC on the Pool. Martin Currie Inc., AllianceBernstein Canada Inc., McKinley Capital Management LLC and Principal Global Investors LLC remain as portfolio managers on the Pool.

IE