Business
Saxon Financial secures mandates from Altamira
Saxon Financial secures mandates from Altamira.
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[{"type":"text","content":"\n\n\n\n\nHowson Tattersall Investment Counsel Limited to manage\nAltamira Canadian Value Fund and Altamira Global Value Fund\n\nTORONTO, Aug. 24 /CNW/ - Saxon Financial Inc. today announced that its\ninstitutional investment management subsidiary, Howson Tattersall Investment\nCounsel Limited, will assume management of the Altamira Canadian Value Fund\nand Altamira Global Value Fund, effective November 1, 2006. The combined\nassets of the Altamira mandates are $145 million.\n\"Saxon is pleased to add the management of the Altamira funds to our\ngrowing list of institutional mandates,\" said Allan Smith, President and CEO\nof Saxon Financial Inc. \"We will manage the Altamira funds according to our\n20-year proven value investment approach that has provided our clients with\nstrong value-added returns, excellent downside protection and low correlation\nboth to related indexes and other managers.\"\nHowson Tattersall Investment Counsel manages more than $11 billion in\nassets, including $9 billion in institutional assets for third party mutual\nfunds and pension funds, and $2 billion as the investment advisor for the\nSaxon Mutual Fund family.\n\"By adding the expertise of the Howson Tattersall team, we have\nsolidified our commitment to providing Altamira clients with the best money\nmanagers in the business. Howson Tattersall's disciplined investment value\nstyle will enhance the diversification of both our Managed Portfolio Service\nand individual product line-up\", said James Whitman, Senior Vice President of\nSales and Service at Altamira.\n\nAbout Howson Tattersall Investment Counsel www.howsontattersall.com\n-------------------------------------------------------------------\n\nHowson Tattersall manages segregated funds, sub-advised mutual funds,\nendowments and pension funds in addition to the Saxon Mutual Funds. Howson\nTattersall has investment expertise in Canadian, global, small cap,\ninternational and U.S. equities, as well as fixed income.\nHowson Tattersall's institutional assets under management have grown at a\ncompounded annual rate of 30% over the 5-year period ended December, 2005.\nHeadquartered in Toronto, the firm recently expanded its institutional\nbusiness by opening a Montreal office.\n\nAbout Saxon Financial www.saxonfinancial.ca\nSaxon Financial Inc. is one of Canada's most respected value-style\ninve...