Business
Saxon Financial Inc. secures institutional mandate with ClaringtonFunds Inc.
Saxon Financial Inc. secures institutional mandate with ClaringtonFunds Inc..
About this update from Solution Financial Inc.
[{"type":"text","content":"\n\n\n\n\nHowson Tattersall Investment Counsel Limited to manage Clarington \nCanadian Balanced Fund \n\nTORONTO, Feb. 20 /CNW/ - Saxon Financial Inc. today announced that its\ninstitutional investment management subsidiary, Howson Tattersall Investment\nCounsel Limited, will assume management of the Clarington Canadian Balanced\nFund, effective March 31, 2006. Howson Tattersall, investment advisor to the\nhighly regarded family of Saxon Mutual Funds, will employ the same value\nmanagement style as the Saxon Balanced Fund, named Balanced Fund of the Year\nat the 2005 Canadian Investment Awards.\n\"We are pleased to add the management of the Clarington Canadian Balanced\nFund to our growing list of institutional mandates,\" said Allan Smith,\nPresident and CEO of Saxon Financial Inc. Howson Tattersall Investment Counsel\nmanages more than $11 billion in assets for retail, private client and\ninstitutional investors. Howson Tattersall Investment Counsel Limited manages\n$9 billion in institutional assets, primarily for sub-advised mutual funds and\npension plan clients.\n\"We will manage the Clarington Canadian Balanced Fund according to our\nvalue-oriented, disciplined investment approach which we have consistently\napplied throughout our 20-year history to the benefit of our institutional and\nretail investors,\" added Smith.\nHowson Tattersall joins a select group of investment managers for\nClaringtonFunds, as Clarington seeks to strengthen its funds' performance by\nenhancing its team of portfolio managers. \"With an outstanding track record in\nthe Canadian Balanced category, we believe Howson Tattersall is an ideal\nchoice for this mandate.\" said David Scandiffio, President of ClaringtonFunds\nInc. \"We look forward to building a long-term relationship with Howson\nTattersall and its highly regarded team of investment managers.\"\nSaxon Financial Inc. manages segregated funds, sub-advised mutual funds,\nendowments and pension funds in addition to the Saxon Mutual Funds. Saxon has\ninvestment expertise in Canadian, global, small cap, international and U.S.\nequities, as well as fixed income. \"Our unique value investment approach has\nprovided our clients with strong returns, excellent downside protection and a\nlow correlation to related indexes and comparable investment mandates,\" noted\nSmith.\nSaxon's institutional ass...