IA Clarington Investments Inc. Monday announced that Brad Radin and Radin Capital Partners Inc. will assume lead portfolio sub-advisory responsibility for IA Clarington Global Equity Fund, IA Clarington Global Equity Class and IA Clarington Global Small Cap Fund on November 30.
Segregated fund options will be available through the IA Clarington GIF and IA Ecoflextra programs.
Toronto-based Radin Capital Partners manages value-focused investment portfolios of small- to mid-capitalization companies from around the globe.
Brad Radin is well known to the Canadian investment community with an award-winning track record and over 18 years of investment industry experience. Before founding Radin Capital Partners in June of 2011, he was a portfolio manager with the Templeton Global Equity Group for more than 15 years and managed over $3.5 billion in assets.
“The appointment of Brad Radin and Radin Capital Partners is in keeping with our philosophy of engaging experienced managers with active, benchmark-agnostic management styles and high-conviction views,” says David Scandiffio, president of IA Clarington.
“Today’s global equity markets are volatile from a historical standpoint, helping to create some outstanding investment opportunities among the thousands of stocks which are often overlooked by funds in the global equity space,” says Radin. “The unique global investment style applied by Radin Capital Partners gives investors access to these opportunities.”
The investment strategies of the funds have been amended to reflect Radin’s investment philosophy. Because the funds will follow substantially similar investment strategies, IA Clarington intends to explore a consolidation of mandates in 2012.