Guardian Group of Funds Ltd. said Friday that Mawer Investment Management Ltd. will take over as portfolio advisor for GGOF Enterprise Fund, GGOF’s Canadian small cap fund, replacing Guardian Capital LP. The change is effective Sept. 30.
Calgary-based Mawer, one of Canada’s oldest investment counselling firms, manages about $1.9 billion in assets.
“We are extremely pleased to establish this portfolio advisory relationship with Mawer,” said Gavin Graham, director of investments at GGOF in a release. “While the managers are excellent performers in all major asset classes, we’re particularly impressed with their outstanding track record as a Canadian small cap manager. Their conservative bias, reflected not only in their investment approach, but also in the way they run their business, makes Mawer an excellent fit for GGOF.”