Toronto-based Purpose Investments Inc. has changed the investment advisor for Purpose Special Opportunities Fund.
The fund will no longer be managed by Kawartha Asset Management Inc., effective Dec. 30. Instead, Greg Taylor, chief investment officer of Purpose Investments, will assume responsibility for managing the investment portfolio of the fund.
In addition, the fund will no longer be subject to a performance fee as of Dec. 30.
There will be no changes to the investment objective or strategies of the fund.