Saxon Financial Inc.’s institutional investment management subsidiary, Howson Tattersall Investment Counsel Ltd., will assume management of the Altamira Canadian Value Fund and Altamira Global Value Fund, effective Nov. 1. The combined assets of the Altamira mandates are $145 million.

“Saxon is pleased to add the management of the Altamira funds to our growing list of institutional mandates,” said Allan Smith, president and CEO of Saxon Financia. “We will manage the Altamira funds according to our 20-year proven value investment approach that has provided our clients with strong value-added returns, excellent downside protection and low correlation both to related indexes and other managers.”

Howson Tattersall Investment Counsel manages more than $11 billion in assets, including $9 billion in institutional assets for third party mutual funds and pension funds, and $2 billion as the investment advisor for the Saxon mutual fund family.

“By adding the expertise of the Howson Tattersall team, we have solidified our commitment to providing Altamira clients with the best money managers in the business. Howson Tattersall’s disciplined investment value style will enhance the diversification of both our Managed Portfolio Service and individual product line-up”, said James Whitman, Senior Vice president of Sales and Service at Altamira.