By Staff | November 16, 2009 | Last updated on November 16, 2009
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RBC Asset Management has announced it will reopen the RBC O’Shaughnessy Canadian Equity Fund and RBC O’Shaughnessy U.S. Growth Fund to new purchases, effective immediately.

RBC O’Shaughnessy Canadian Equity Fund has been closed since January 19, 2007. RBC O’Shaughnessy U.S. Growth Fund has been closed since June 30, 2006.

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AGF replaces one Harmony manager

AGF Investments has added Montreal-based Hexavest Inc. as a portfolio manager of the Harmony Overseas Equity Pool, replacing Tradewinds Global Investors LLC.

“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,” said Rob Badun, executive vice-president of AGF Investments Inc.

Hexavest provides discretionary investment management of international, U.S. and Canadian equities and Tactical Asset Allocation for institutional clients.

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BIMCOR re-hires RBC Dexia

RBC Dexia Investor Services has signed a five year contract to provide custody, fund administration and securities lending for BIMCOR Inc.’s North American pooled funds.

“We appreciate the value RBC Dexia has brought to our business throughout the duration of our longstanding relationship,” said Michael Boychuk, president and CEO, BIMCOR Inc. “RBC Dexia’s expertise in servicing pooled funds and diligence in supporting our securities lending program is strong. We look forward to our continued relationship.”

BIMCOR is a wholly owned subsidiary of BCE Inc. and manages approximately $10 billion in pension fund assets. Substantially all of its existing clients are within the BCE Group of companies.

(11/16/09) staff


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