Business
Saxon restructures fixed income team
Saxon restructures fixed income team.
About this update from Solution Financial Inc.
[{"type":"text","content":"\n\n\n\n\nSteve Locke takes over Saxon Bond Fund this December\n\nTORONTO, Nov. 22 /CNW/ - Saxon Financial Inc. announced today the\nrestructuring of responsibilities on its fixed income investment management\nteam. Steve Locke, who currently manages or co-manages more than $5 billion in\nfixed income portfolios for Saxon, will assume lead portfolio management of\nthe Saxon Bond Fund and other key fixed income mandates. Locke's appointment\nis effective December 2.\nLocke has been an important member of the Saxon team since 2003 and has\nmore than 11 years of investment management experience. A CFA charter holder,\nLocke also holds a bachelor's degree and an MBA from York University.\nToday's appointment follows a decision by Peter Park, a vice president\nand senior fixed income portfolio manager, to leave the company to pursue\nother interests. After a brief overlap period to ensure an orderly transition,\nPark and the company will part on positive, mutually agreed-upon terms.\n\"One of Saxon's great strengths is our team approach to portfolio\nmanagement, which has produced remarkable long-term performance for Saxon\nclients, time and time again,\" said Allan Smith, Saxon's President and CEO.\n\"We thank Peter for his service and look forward to working with Steve Locke\nas he continues his outstanding investment management career at our firm. We\nwill continue to expand Saxon's fixed income team to meet growing demand from\nour clients in this key area of our business.\"\n\nAbout Saxon Financial (www.saxonfinancial.ca)\n\nSaxon Financial Inc. is one of Canada's most respected value-style\ninvestment management firms. The company has three principal lines of\nbusiness: Saxon Funds Management Limited, which manages a family of \nhigh-performing, no-load, low-fee mutual funds; Howson Tattersall Investment\nCounsel Limited, an institutional asset management business; and Howson\nTattersall Private Asset Management Inc., a private client asset management\nbusiness.\n\n\n\n","length":2043,"tagName":"div"}]