(October 24 – 18:30 ET) – -Retrocom Growth Fund Inc. has signed a multi-faceted agreement with Bonham & Co. Inc. Asset Management of Toronto covering joint-marketing and cross-selling of Retrocom Growth Fund.
Retrocom, a labour-sponsored investment fund, will now be included in the Bonham & Co. family of funds. Bonham & Co. will sell Retrocom in Ontario with the objective of growing assets under management, especially Class A retail shares.
“This strategic alliance will provide investors with the best of both worlds,” said Michael Steplock, Retrocom chairman and CEO. “Tax credits, the ability to boost foreign content inside an RRSP and the stability of Retrocom will be coupled with the strong management and experience of Bonham & Co. Inc.”
Mark Sack, president of Bonham & Co. Inc., said: “Collectively, the clients of both firms will benefit from our strong domestic and international fund performance. We look forward to offering labour-sponsored investment opportunities through our current client networks.”
According to the two companies, the labour-sponsored fund enhances Bonham & Co.’s product line and provides for a number of new and interesting investment opportunities. Bonham & Co.currently offers five investment funds sold by Offering Memorandum to private clients.
Operating since 1995, Retrocom specializes in providing venture capital for new construction and expansion projects for small and medium-sized businesses by way of debt and equity financing. Retrocom recently completed an amalgamation of Sportfund and has assets under management of more than $75 million.
-IE Staff