MFC Global Investment Management recently was selected as investment advisor for three new equity mandates, MFC GIM President & CEO J-F Courville said Monday.

Scotia Asset Management L.P. awarded MFC GIM a $122 million mandate to manage their Pinnacle Canadian Growth Equity Fund. The mandate will be managed by the Canadian large cap growth equity team, led by Shauna Sexsmith.

NT Global Advisors, Inc., the Canadian multi-manager investment division of Northern Trust, awarded MFC GIM a $33 million mandate to manage a portion of its Diversified Fund of Canada Core Canadian Equity Fund. This mandate also will be managed by the Canadian large cap growth Eeuity team.

BP Canada Energy Co. awarded MFC GIM a $79 million mandate to manage a U.S. equity index strategy for its pension plan. The mandate will be managed by the index equity team, led by Carson Jen.

“We are very pleased and honored to have been selected to manage equity mandates for these outstanding companies,” Courville said.

He noted that MFC GIM in 2009 secured approximately $6 billion in new assets from institutional clients — despite one of the worst economic downturns in decades.

IE