New York-based Epoch Investment Partners Inc. will take over as portfolio advisor for four of Toronto-based TD Asset Management Inc. (TDAM) funds, the investment management firm announced on Wednesday.
Epoch will assume portfolio advisor responsibilities for both TD Global Growth Fund and TD U.S. Large-Cap Value Fund on April 29 and May 9, respectively. The New York firm will also act as portfolio advisor for two of TDAM’s private funds, TD Private U.S. Blue Chip Equity Fund and TD Private U.S. Blue Chip Equity Currency Neutral Fund, starting May 15.
The investment objectives of the funds will remain the same, however, all four will now follow Epoch’s investment philosophy of investing in companies that generate free cash flow and effectively allocate capital.
Epoch is a wholly-owned subsidiary of Epoch Holding Corp. managing over $27 billion in assets under management with 67 employees. TDAM purchased Epoch Holding Corp. in March 2013.