Steve Locke takes over Saxon Bond Fund this December TORONTO, Nov. 22 /CNW/ - Saxon Financial Inc. announced today the restructuring of responsibilities on its fixed income investment management team. Steve Locke, who currently manages or co-manages more than $5 billion in fixed income portfolios for Saxon, will assume lead portfolio management of the Saxon Bond Fund and other key fixed income mandates. Locke's appointment is effective December 2. Locke has been an important member of the Saxon team since 2003 and has more than 11 years of investment management experience. A CFA charter holder, Locke also holds a bachelor's degree and an MBA from York University. Today's appointment follows a decision by Peter Park, a vice president and senior fixed income portfolio manager, to leave the company to pursue other interests. After a brief overlap period to ensure an orderly transition, Park and the company will part on positive, mutually agreed-upon terms. "One of Saxon's great strengths is our team approach to portfolio management, which has produced remarkable long-term performance for Saxon clients, time and time again," said Allan Smith, Saxon's President and CEO. "We thank Peter for his service and look forward to working with Steve Locke as he continues his outstanding investment management career at our firm. We will continue to expand Saxon's fixed income team to meet growing demand from our clients in this key area of our business." 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, no-load, low-fee mutual funds; Howson Tattersall Investment Counsel Limited, an institutional asset management business; and Howson Tattersall Private Asset Management Inc., a private client asset management business.