The newly formed firm of Toronto-based LOGiQ Asset Management Inc. announced on Tuesday a number of changes to its team, including the departure of a senior executive from its predecessor firm, Front Street Capital 2004.
Nevin Markwart, who was formerly the president and CEO of Front Street Capital, is leaving LOGiQ, although he will retain his seat on the company’s board of directors. Markwart, who joined Front Street in July 2016, was brought into the defunct firm to prepare it for the transaction with LOGiQ, according to the announcement.
LOGiQ, which is led by industry veteran Joe Canavan, launched in December 2016 and is the result of a merger between of Front Street and Aston Hill Financial Inc.
The new asset manager also announced the departures of Rick Brown, who was a portfolio manager with Front Street Capital, and John Kim, who was a portfolio manager with Aston Hill.
LOGiQ also announced changes to some of its funds:
- Craig Porter has assumed portfolio management duties for Aston Hill Advantage Oil & Gas Income Fund. Porter has prime responsibility for various resources mandates for the firm.
- Sandy Liang of LOGiQ Capital Partners Inc. has assumed portfolio management duties for Front Street Tactical Bond Fund, Front Street Tactical Bond Class and for the fixed-income portion of Front Street Balanced Monthly Income Class. Liang’s portfolio management expertise is in corporate debt.
- Toronto-based Manitou Investment Management Ltd. has been appointed portfolio subadvisor for Aston Hill Opportunities Fund, Aston Hill U.S. Conservative Growth Fund, Aston Hill U.S. Conservative Growth Class, Aston Hill Total Return Fund and Aston Hill Total Return Class.
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