OTTAWA, ON, December 10, 2021 / CNW / – MD Financial Management Inc. (MD) today announced the appointment of 1832 Asset Management LP (1832) as portfolio manager of the MD family of funds and the MDPMD Pools (collectively, the Funds) on or about January 1, 2022.
MD will continue to act as the investment fund manager of the Funds and will continue to have overall responsibility for their management. MD will also remain registered as a portfolio manager so that it can continue to provide discretionary portfolio management services to clients of accounts managed through MD Private Investment Advice.
The multi-asset management team will be registered under number 1832 and, as a separate investment team, will continue to advise the Funds under the continued guidance of Craig maddock, Vice-President and Senior Portfolio Manager. This dedicated team of portfolio managers and analysts will also remain responsible for the overall performance of the Funds, the management of the assets of the Funds, as well as the selection and oversight of the Funds’ sub-advisers.
Customers can contact their MD advisor * for additional information.
* MD Advisor means a financial advisor or investment advisor of MD Management Limited (in Quebec) or a portfolio manager of MD Private Investment Counsel.
About MD Financial Management Inc.
With over 50 years of physician-focused experience, MD Financial Management Inc. (MD) is dedicated to providing financial peace of mind to from Canada doctors and their families so they can enjoy what matters most to them while achieving their career and life goals. MD had more than $ 58 billion in assets under management at November 30, 2021. MD Management Limited was the first company of the MD Group of Companies to be founded in 1969. MD Financial Management inc. wholly-owns or has a controlling interest in its seven subsidiaries (the MD Group of Companies). She provides financial products and services, is the fund manager of the MD family of funds and provides investment advisory services. For a detailed list of MD Group companies, visit md.ca. MD Private Investment Advice offers investment advice services offered by MD Financial Management Inc.
About 1832 Asset Management LP
1832 Asset Management offers a range of wealth management solutions including mutual funds and investment solutions for private clients, institutions and managed asset programs. 1832 Asset Management is a limited partnership the general partner of which is wholly owned by Scotiabank.
SOURCE Gestion FinanciÃ¨re MD inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2021/10/c7949.html