Toronto-based Mackenzie Financial Corp. announced on Friday the formation of the Mackenzie systematic strategies team, which will assume lead management of Mackenzie Canadian Large Cap Growth Fund, the equity component of the Mackenzie Canadian Large Cap Balanced Fund and several institutional accounts as of Sept. 30.
Rick Weed, senior vice president, investment management, will lead the team and Matthew Cardillo, vice president, investment management and portfolio manager on the newly formed team, will be co-manager of these mandates.
Weed, who joined Mackenzie in July, was previously managing director of institutional and alternative investments with Wellesley, Mass.-based F-Squared Investments Inc. Weed’s portfolio manager registration in Canada is pending.
“[Weed] has extensive experience leading investment teams and managing investment strategies by applying both systematic and fundamental approaches,” Mackenzie’s announcement states.
The firm also announced the retirement of Chuck Roth, who was manager of Mackenzie Canadian Large Cap Growth Fund and the equity component of the Mackenzie Canadian Large Cap Balanced Fund.
“Mr. Roth has been with Mackenzie Investments since 1997. We thank Chuck for his significant contributions to the company and wish him all the best in his retirement,” the announcement states.
Christopher Sit, an associate portfolio manager who worked with Roth, will move to the Mackenzie growth team, effective Sept. 30.