TORONTO, Nov. 13, 2013 /CNW/ - Invesco Canada Ltd. ("Invesco") today announced that, after nearly 40 years in the investment management industry, Heather Hunter, one of Canada's most highly regarded fund managers, will be retiring at the end of the year.
Ms. Hunter joined Invesco in 1999 from Ontario Teachers' Pension Plan Board, one of Canada's largest pension plans where, as Vice-President, Equities, she played a leading role in building its Canadian equity capability. Previously Ms. Hunter worked for Confederation Life Insurance Company for 14 years. Ms. Hunter is a past member of the Financial Accounting Standards Advisory Board of the Canadian Institute of Chartered Accountants, and has also served as a director of Maple Leaf Foods. She is currently a member of the University of Toronto Investment Advisory Committee.
Ms. Hunter's long experience and passion for investment management has contributed to her many accomplishments, including being recognized as one of Canada's top 50 most influential women in 2004 by the National Post.
Ms. Hunter has been very helpful in ensuring a smooth succession plan is in place to benefit investors and will assist in an orderly transition to new leadership of the funds."On behalf of our employees and our investors, we thank Heather for her long service and many contributions to the organization and the entire industry," said Peter Intraligi, President of Invesco Canada. The Trimark Canadian Equity team, under the direct leadership of veteran portfolio manager and Head of Canadian Equities, Ian Hardacre, will assume management for the Invesco portfolios managed by Ms. Hunter. Mr. Hardacre has been part of the Trimark investment team since 1997 and Lead Manager of Trimark Canadian Fund since 1999. Mr. Hardacre has provided exceptional stewardship through the difficult markets of the past several years, delivering first quartile results over the past five years. † Mr. Hardacre will serve as Lead Manager of Invesco Select Canadian Equity Fund and Class. Alan Mannik will assume the Lead Manager role for Invesco Pure Canadian Equity Fund and Class, as well as Trimark Select Balanced Fund. Mr. Hardacre will be co-manager on these funds. As with all Trimark strategies, they are supported by the 26-member Trimark investment management team. In addition, Jennifer Hartviksen, Head of Trimark Fixed Income, has been named Lead Manager of Trimark Canadian Bond Fund and Class and Trimark Government Plus Income Fund, as well as the fixed-income portion of Trimark Income Growth Fund and Trimark Select Balanced Fund, effective immediately. As part of these changes, Portfolio Manager Alfred Samson is no longer with Invesco. The company thanks Mr. Samson for his contributions over the years and wishes him well in the future. † Source: © 2013 Morningstar Research Inc. Performance, quartile ranking and number of funds in the Canadian Focused Equity category for Trimark Canadian Fund Series A (net of fees) as at September 30, 2013: 1-year: 18.3%, 2 (506); 3-year: 9.1%, 1 (365); 5-year: 7.0%, 1 (316); 10-year: 5.2%, 3 (145). Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. The indicated rates of return are the historical annual compounded total returns, including changes in security values and reinvestment of all distributions, and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder, which would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing. Copies are available from your advisor or from Invesco Canada Ltd.