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TD Asset Management Inc. Announces Portfolio Adviser Changes to TD Private Funds
TORONTO, April 10, 2013 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Private Funds, announced today that Epoch Investment Partners, Inc. (Epoch), will assume portfolio adviser responsibilities for the following funds (the Funds) from TDAM, effective on or about May 15, 2013:
- TD Private U.S. Blue Chip Equity Fund
- TD Private U.S. Blue Chip Equity Currency Neutral Fund
Epoch's appointment as portfolio adviser follows TD Bank Group's recently completed acquisition of Epoch Holding Corporation on March 27, 2013.
"We are thrilled to have the investment capabilities of Epoch available to our clients through investment in these TD Private Funds," said Dave Kelly, Senior Vice President, TD Waterhouse Private Client Group. "This further strengthens our offering and supports our commitment to bringing world class equity capability to our clients."
There will be no change to the Funds' investment objectives, however the Funds' investment strategies will change to include Epoch's philosophy of investing in companies that have the ability to generate free cash flow and effectively allocate capital, which Epoch believes represents the best predictor of long-term shareholder return.
"We are very pleased to bring our distinct perspectives and fund management expertise to these mandates," said Tim Taussig, President and Chief Operating Officer, Epoch. "We look forward to working alongside TD Asset Management and delivering the client-focused investment management that is at the heart of our firm."
Epoch is a successful asset management firm based in New York City. Founded in 2004, Epoch has 67 employees and their asset management team has an average of over 20 years of investment management experience. They have a collaborative and client-focused culture and will work with TDAM to help clients achieve their investment goals. As of March 31, 2013, Epoch managed approximately US$27.1 billion assets under management for clients, predominately institutional, around the world.
About TD Asset Management Inc.
TD Asset Management Inc. (TDAM) is a fully integrated North American investment manager, with CDN$211 billion in assets under management as of January 31, 2013. TDAM offers investment solutions to corporations, pension funds, endowments, foundations and high net worth individuals. A cornerstone of the success of TDAM's investment strategies has been the firm's disciplined and risk-controlled approach to investment, along with its ability to innovate progressive solutions that meet clients' changing needs and objectives.
Under TD Private Funds, TDAM manages approximately CDN$8 billion in assets, as of February 28, 2013. TD Waterhouse Private Investment Counsel Inc. is one of Canada's largest private client money management firms. TD Waterhouse Private Investment Counsel's extensive network of professional portfolio managers provide discretionary investment management services to high net worth individuals and their families, small and mid-size corporations, charitable organizations and foundations, and executors and trustees from coast to coast.
SOURCE: TD Asset Management Inc.
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