FrontierAlt Funds Management Ltd. has named Edward Jong, co-manager of the frontierAlt All Terrain Bond Fund. Jong assumed full portfolio management responsibilities of the fund effective February 1.

Jong, an award-winning money manager, has been co-managing the fund with Robert Marcus since its inception in 2006 and the two having been working together since 1994. As a result of Marcus’ decision to retire and wind down Majorica Asset Management, Jong has joined MAK, Allen & Day Capital Partners Inc. as senior vp and portfolio manager, responsible for fixed-income.

MAK, Allen & Day is an affiliate of frontierAlt and, with the addition of the fund, now manages four of the firm’s mutual funds. Jong will be the lead portfolio manager of the fund. The fund’s investment objectives remain the same.

“We are confident that Ed’s extensive experience and lengthy association as co-manager of the fund will ensure the consistency of the investment strategy will be maintained,” says Kurankye Sekyi-Otu, president, frontierAlt. “We are pleased to welcome Ed who strengthens our in-house capabilities in the fixed-income space.”

Jong has more than 17 years of investment experience and most recently was vp, fixed income with Majorica Asset Management Corp. At Majorica, Jong was responsible for implementing and formulating investment strategies for all fixed-income investment mandates.

Prior to joining Majorica, Jong was at Altamira Investment Services Inc. where he managed more than $2.5 billion in money market and bond assets.

Headquartered in Toronto, frontierAlt specializes in the manufacturing and distribution of structured products, flow-through limited partnerships and mutual funds.