Howson Tattersall Investment Counsel Limited to manage Altamira Canadian Value Fund and Altamira Global Value Fund TORONTO, Aug. 24 /CNW/ - Saxon Financial Inc. today announced that its institutional investment management subsidiary, Howson Tattersall Investment Counsel Limited, will assume management of the Altamira Canadian Value Fund and Altamira Global Value Fund, effective November 1, 2006. The combined assets of the Altamira mandates are $145 million. "Saxon is pleased to add the management of the Altamira funds to our growing list of institutional mandates," said Allan Smith, President and CEO of Saxon Financial Inc. "We will manage the Altamira funds according to our 20-year proven value investment approach that has provided our clients with strong value-added returns, excellent downside protection and low correlation both to related indexes and other managers." Howson Tattersall Investment Counsel manages more than $11 billion in assets, including $9 billion in institutional assets for third party mutual funds and pension funds, and $2 billion as the investment advisor for the Saxon Mutual Fund family. "By adding the expertise of the Howson Tattersall team, we have solidified our commitment to providing Altamira clients with the best money managers in the business. Howson Tattersall's disciplined investment value style will enhance the diversification of both our Managed Portfolio Service and individual product line-up", said James Whitman, Senior Vice President of Sales and Service at Altamira. About Howson Tattersall Investment Counsel www.howsontattersall.com ------------------------------------------------------------------- Howson Tattersall manages segregated funds, sub-advised mutual funds, endowments and pension funds in addition to the Saxon Mutual Funds. Howson Tattersall has investment expertise in Canadian, global, small cap, international and U.S. equities, as well as fixed income. Howson Tattersall's institutional assets under management have grown at a compounded annual rate of 30% over the 5-year period ended December, 2005. Headquartered in Toronto, the firm recently expanded its institutional business by opening a Montreal office. About Saxon Financial www.saxonfinancial.ca Saxon Financial Inc. is one of Canada's most respected value-style investment management firms. The company has three principal lines of business: Saxon Funds Management Limited, which manages a family of high-performing, low-fee mutual funds; Howson Tattersall Investment Counsel Limited, an institutional asset investment management business; and Howson Tattersall Private Asset Management Inc., which provides private client asset management and counselling services. Saxon Financial is listed on the TSX under the symbol "SFI". About Altamira www.altamira.com Altamira Investment Services is a leading provider of financial and retirement planning services offering a wide range of investment solutions including mutual funds, savings accounts, principal-protected notes and managed portfolio services. Award-winning client service, product innovation and expert advice define Altamira's distinctive approach to investment management. The company is headquartered in Toronto with offices across the country, and is a subsidiary of the National Bank of Canada.