(February 12 – 11:40 ET) – StrategicNova Inc. has acquired the management contract for the Centerfire Growth Fund Inc. The manager of the fund is now StrategicNova Funds Management Inc.

Centerfire, available to Ontario investors, is one of Canada’s top-performing labour-sponsored funds. The main reason for these results is the strong stewardship of Tuscarora Capital Inc., a Toronto-based investment management firm. Tuscarora, which also manages StrategicNova’s Canadian Natural Resources Fund and Canada Dominion Resource Fund Ltd., has a strong, analytical approach to investing in companies that are at different stages in their business development.

Duff Young, the well-known analyst and commentator of the financial services industry, concurs. Young has agreed to join the board of directors of Centerfire Growth Fund Inc. He says: “I’m quite enthusiastic about Centerfire. I’ve analyzed the fund and its management, and the investment process used by Tuscarora is one of the strongest ones in the LSVCC field.”

Harry Knutson, chairman and chief executive officer of StrategicNova, added: ‘We are pleased to add the Centerfire Growth Fund to our rapidly expanding line of alternative investment products. We are building the most complete line of investment vehicles designed for tax efficiency and advanced portfolio diversification. Centerfire clearly plays a key role in this strategy. Moreover, we are looking at developing our LSVCC offerings to all Canadian provinces, as well as developing cutting-edge tax-efficient products which are ahead of other offerings in the industry.”
-IE Staff