AGF Management Ltd. (TSX:AGF.B.) Thursday announced the amalgamation of Acuity Funds Ltd. (a subsidiary of AGF Investments Inc.) and AGF Investments Inc.
The amalgamation reflects the next phase of the acquisition of Acuity Funds Ltd., which occurred in February 2011.
“We’re pleased with the progress made to date in bringing the two firms together. This amalgamation allows us to streamline our retail fund line-up under one banner and allows the Acuity investment team to continue to focus on their core strength of investment excellence,” explains Gordon Forrester, executive vice president, product and marketing and head of retail.
The continuing amalgamated entity, to be known as AGF Investments Inc., continues as the manager of the entire family of AGF and Acuity funds. Acuity Investment Management Inc. continues as the investment manager on their respective mandates and will continue to employ the same investment philosophy and processes on which they have built their track records.